DRIVER SHORTAGE

The driver shortage is not new. The industry has been in a driver-deficit environment for a decade or more. However, there are a few factors currently exacerbating the shortage:

  • Increased demand for trucks and drivers as the economy transitioned from being service driven to being goods driven.
  • Aging workforce with the average age of a truck driver being 55 years old.
  • Rise in driver retirements due to COVID-19.
  • New, younger drivers are not entering the trucking industry and interest is negatively impacted by the requirement to be 21 years old in order to obtain a commercial driver’s license.

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To combat the shortage, pay and incentives are rising as is the return of being a “shipper of choice.” It truly makes a difference when a driver is treated with dignity and respect…yes, even at marine terminals.

Latest News

UP AND DOWN

Cargo theft continues to be a big problem for the supply chain. According to Verisk CargoNet, while the quarterly incident count is down 26% year over year, the value of the thefts is on the rise, up 125%. Organized criminal networks are targeting high-value cargo....

KEEP ON TRUCKING

Happy National Truck Driver Appreciation Week! We thank all truck drivers including Orrin Asmus, who turned 94 last month, and is the oldest truck driver in the world. Appreciation week is September 13-19. Please thank a trucker!

ROUTE 66 TURNS 100

In 1926, the American Association of State Highway Officials and the Bureau of Public Roads adopted the uniform highway numbering system we know today. It took twelve years to finishing building the first coast to coast paved roadway, and it became the iconic Route...

CANADA IN CROSSHAIRS

There is relative stability on the tariff front. The International Emergency Economic Powers Act (IEEPA) tariff refunds are being processed. Twenty-fives states sued the Administration over the Section 310 (forced labor/unfair trading practices) tariffs claiming they...

NEWS FROM PANAMA

The on-going, El Niño induced, drought in Panama has resulted in increased restrictions in canal crossings. Effective September 3rd, the draft will be further restricted to 47.5 feet and vessel transits will be reduced to 9 in the Panamax lock and 25 in the original...

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