Truck Driver Shortage
The American Trucking Associations (ATA) predict that if current trends last, there will be a shortage of nearly 175,000 truck drivers by 2024! Class A CDL trained truck drivers have a vital role in the economy and are responsible for distributing goods and necessities to all corners of the country.
The Good News
The current shortage of truck drivers is great news for those looking for a solid career with incentives and job security! Carriers are working harder than ever to reward new hires with higher rates and better benefits. What does this mean to you?
- Competitive salary and rates
- Dental and medical insurance
- 401k retirement plans
- Paid vacation and sick time
- Improved bonuses and more!
The fact that truck driving can’t be outsourced and that current demand is only expected to rise in the next decade means job security for professionals in the Industry. Truck drivers enjoy the peace of mind that they’re not only needed all across the country, but also fought over by major carriers. After all, the Industry is in need of CDL trained truck drivers to make sure the economy keeps moving in the right direction!
Why The Driver Shortage?
Improving Economy – America’s economy is finally seeing brighter days, and as a result, the country is increasing the production and distribution of its goods. This means a lot of positions are opening in the Professional Truck Driving Industry! It also means there is a growing surplus of goods that need to be delivered.
- The unemployment rate, reported by the Bureau of Labor Statistics (BLS), is at its lowest point since 2008. More jobs means more spending, and more spending means more production. And it’s up to professional truck drivers to see those products distributed!
- According to the American Trucking Associations (ATA), “68.9% of all freight tonnage is moved on the nation’s highways.” With the recent increase in production and distribution, the need for CDL trained truck drivers is high and rising.
Truck Driver Retirees – Retirement isn’t far away for many truck drivers and their absence could leave a substantial gap in the Industry. If the retiring drivers aren’t covered or replaced, ATA’s predictions could very well come true.
- The ATA reports, “The current average driver age in the OTR (Over-the-Road) TL (Truckload) industry is 49.”
- Preceding generations of truck drivers are retiring faster than younger generations are taking over their roles.