Abstract:In the United States, truck rates for perishable food, the per‐mile rate charged for trucking services to move perishable food from farms to stores, rose substantially in the post‐COVID‐19 pandemic era. We argue that rising truck rates is a signal of a broader shortage of truckers, but the connection between labor shortages, rising truck rates, and a lack of trucking services has yet to be established empirically. In this paper, we develop an empirical examination based on an equilibrium job search, matching, … Show more
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