(Eric M. Johnson – Reuters)
The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.
Transportation and delivery companies from United Parcel Service Inc. and FedEx to XPO Logistics and Werner Enterprises are raising pay beyond national averages, offering attendance bonuses, and adding attractive new trucks to their fleets.
Competition for seasonal workers has intensified this year as Amazon and others have set ambitious hiring goals in anticipation of strong holiday shopping. Click here to read more.