US Truck Rates at Highest Since 2022 Add to Inflation Pressures

Skyrocketing fuel prices due to the Iran war are fanning the embers of transportation costs, which were already rising due to a shrinking pool of drivers in the US.

Trucking operators saw diesel prices spike by almost 50% since the start of the US-Israel war against Iran at the end of February. Haulers have responded by raising the weekly per-mile fuel surcharge paid by shippers to its highest since 2022, according to Truckstop.com data.