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From Coast to Coast, Supply Chains Get Off to a Rough Start to 2022

Haulage Truck Queues at Port of Dover
Photographer: Chris Ratcliffe/Bloomberg

Trucking rates in the U.S. are staying elevated, particularly in the blizzard-hit Northeast, as 2022 gets off to a rough start for anyone hoping to see supply strains fade along with the virus.

The latest weekly figures from Truckstop.com showed the average spot rates in the New England area hit a four-month high, capping its first January increase in data going back to 2014. Truck freight costs eased in other parts of the country but remained well above pre-Covid levels — evidence that capacity shortfalls are snarling supply chains even after the holiday rush and may linger for months.