Lunchtime Trivia For Tuesday July 31st

Lunchtime Trivia today involved a shortage that is expected to cost Canadian households in the near future.

 

Question: A severe shortage of these is raising costs of food and other goods.  What are they?

 

There were a number of guesses about pollinators which is certainly a concern but the answer was:  Truck drivers.

 

“There’s a shortage of 51,000 truck drivers nationwide, the ATA says, up from 20,000 in 2013 and 36,500 in 2016. The ATA projects the driver gap will increase to nearly 100,000 by 2021. Meanwhile, the economy grew at more than a 3 per cent annual pace during the last nine months of 2017, up from an average 2.2 per cent since the Great Recession ended in 2009.

 

 

The biggest impact is on freight costs. Trucking companies have increased rates 6 per cent to 10 per cent in the contracts they’ve signed with shippers over the past year to offset higher wages and take advantage of the strong demand and limited supplies, Cubitt says. Parker says rates have leaped at least 10 per cent and he expects a similar rise over the next year.​”

 

 

Source: https://www.thestar.com/business/2018/04/27/truck-driver-shortage-raising-prices-delaying-deliveries.html

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