The Driver Shortage

The Driver Shortage

Truck drivers are the basic unit of transportation capacity and the glue that holds supply chains together. No container or straight truck or trailer moves without, at some point, a truck driver. Even so, trucking companies, especially truckload carriers, often have great difficulty finding, hiring and keeping drivers. Nearly every period of economic growth is accompanied by a driver "shortage," including the recovery that began in 2009.

What's causing the driver shortage?

Is today’s shortage truly a demographic lack of available qualified drivers, or is it a market shortage created by comparatively low pay and unsatisfactory working conditions? How will federal regulations governing licensing, medical testing, safety enforcement and how long drivers may work affect demand and supply? Unless trucking companies, logistics providers and shippers work together to finally resolve trucking’s “driver problem,” transportation and logistics costs will rise substantially, and supply chains will be put at risk.

Read more:

10 Reasons for Driver Turnover and What Carriers Can Do About It

 

News & Analysis

19 Sep 2019
What differentiates good shippers from bad ones? A Council of Supply Chain Management Conference panel discussed how the real conversation for shippers is internal, not external.
14 May 2019
The FMCSA is seeking comments on plans for a second pilot program testing whether 18- to 20-year-olds should drive trucks in interstate commerce.
07 May 2019
Fast-rising operating expenses for Europe’s road freight industry have overpowered the traditional supply-demand effect with an increase in both capacity and rates.
03 May 2019
A rush to get wind towers in place before production tax credits expire is causing a capacity crunch in the oversize-overweight trucking business.
18 Apr 2019
A large number of small and midsize US trucking companies report competitors charging “unsustainably low rates” in a recent Bibby Financial Services survey.
05 Apr 2019
A drop in the number of truckers at the smallest US trucking companies could indicate a market shift toward large carriers as spot truckload rates seek bottom.

Commentary

The evidence is overwhelming that the younger the driver, the greater the risk of road accidents and fatalities.