What is Biden doing for the trucking industry?

“We're using funds from President Biden's Bipartisan Infrastructure Law to help address truck parking shortages, and we're working with state and industry leaders to develop more parking that will improve safety and quality of life for our nation's truck drivers.”

What has Biden done for truckers?

WASHINGTON – The U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) today announced that the Biden Administration is following through on its Trucking Action Plan commitment by awarding more than $44 million in grants that will enhance road safety and make the process to obtain a ...

What will happen to the trucking industry in 2022?

According to the American Trucking Association's U.S. Freight Transportation Forecast to 2022, freight tonnage will spike 24 percent in 2022, resulting in a 66 percent revenue increase in the industry. A large portion of the rise for 2022, and even for the next decade, is dominated by the trucking segment.

What is the trucking industry doing right now?

Industry Data

America's trucking industry is the lifeblood of the U.S. economy. In fact, nearly every good consumed in the U.S. is put on a truck at some point. As a result, the trucking industry hauled 72.2% of all freight transported in the United States in 2021, equating to 10.93 billion tons.

What is the future of trucking industry in USA?

Future Trends of the Trucking Industry

According to the American Trucking Association's US Freight Transportation forecast, the freight trucking industry will undergo a 24% increase in 2022. This will also account for a 67% of revenue increase for the trucking industry in general.

Biden, Buttigieg discuss trucking industry, supply chain issues | full video

What will happen to the trucking industry in 2023?

Cooling demand, recession concerns kick off 2023, though trucking can expect gains. Although forecasts say the first quarter of 2023 will be particularly tough for the industry, trucking remains the most relied-upon freight transport mode in the U.S. and increased infrastructure spending could be a potential boon.

Why is America facing a shortage of truck drivers?

Poor wages, benefits and a lack of respect is what started the shortage of drivers and it's still fueling it today. Correct the problems or one day, there will be large fleets of trucks sitting in parking lots with no one left to drive them.

Why are so many truckers quitting?

Problems with dispatch, supervisors, and the company in general are among the causes of truck drivers' resignations. Some frontline managers at a trucking company don't treat them like people; they are occasionally harsh and hurtful to them. They resigned as a result.

Why are so many trucking companies closing?

A Shortage of Qualified Drivers

One of the biggest hurdles in the trucking industry is that CDL drivers are quickly vanishing from the pool of qualified operators. As a trucking company has fewer drivers available to them to move freight for their customers, the less they can scale business.

What is the biggest problem in the trucking industry?

The Top 10 Trucking Industry Issues

Across all respondents, Fuel Prices was selected as the top industry concern in 2022. After spending five years as the number one concern, the Driver Shortage dropped one position in 2022 to rank second overall.

What will replace truck drivers?

Amid a severe driver shortage, a new study says 90% of long-haul trucking could be replaced by self-driving technology.

Is the trucking industry struggling?

The American Trucking Association estimates that the 2021 driver shortage capped at 80,000 drivers. According to experts, if this current trend continues, the trucking industry could need more than 160,000 drivers by 2030.

Is the trucking industry in trouble?

Last year, trucking companies in the United States suffered a record deficit of 80,000 drivers, according to the American Trucking Associations, a trade association. Given that trucks move 72 percent of American freight, a lack of drivers spells substantial disruption.

Which states boycott truckers?

The Colorado Trucking Boycott occurred during the last weeks of December 2021 in response to the sentencing of truck driver Rogel Aguilera-Mederos to 110-years in prison.

What happens if the trucking industry shuts down?

assembly lines will shut down, putting thousands out of work. transactions. Service stations will completely run out of fuel for autos and trucks. Garbage will start piling up in urban and suburban areas.

Does the U.S. need more truckers?

According to a Starpoint article the American Trucking Association estimates that 80,000 more drivers are needed to make up a shortage in America this year and a shortfall of 160,000 truckers will exist by 2030.

Will trucking jobs disappear?

The innovation of self-driving vehicles might change the work process, and many speculate that advanced machines will replace truck drivers. Some predict that up to 3 million driving jobs might disappear due to automation. However, the automatization process carries many risks.

What is the prediction for trucking business?

Trucking volume may increase 0.9% in 2023 and 2.5% in 2022, according to FTR's forecast, after climbing 5.4% last year. Next year's growth expectation is well below the 10-year annual average of 2.4%. Demand forecasts will likely moderate as the Fed continues to raise rates.

Are trucking companies profitable in 2022?

In 2022, a 24 percent increase in freight tonnage is likely, according to the American Trucking Association. As a result, revenue is predicted to increase by 67 percent in the trucking industry.

Why are truckers quitting 2022?

Many truckers are quitting because of low pay combined with difficult working conditions. Truck drivers can spend days at a time behind the wheel of their truck, spending nights in gas station parking lots, or even on the side of the road.

What trucking company is shutting down?

Navarro Trucking Group, a California-based trucking company that pulled intermodal containers out of the ports of Los Angeles and Long Beach, has folded and filed for Chapter 7 bankruptcy.

Are trucking companies slowing down?

Spot and contract rates are both down, and continuing to drop. HIGH POINT – As demand for goods continues to dip across the U.S., truckers have also slowed down in time for what's usually considered peak season.

Why truckers are going on strike?

The labour dispute has largely focused on issues relating to pay, including the truckers' wages, the amount of unpaid time they spend waiting for cargo at the container terminals, and allegations that some truckers and shipping companies are undercutting rates.

Are truckers making more money now?

The average weekly earnings of long-haul truckers have been increasing four to five times faster than the historical average, according to Transport Topics, citing U.S. Department of Labor data.

Do truckers have a future?

With 70% of all goods in the US are moved by the trucking industry – which is an USD$800m+ economic value – we're going to need more trucks and truckers on the road. The struggle is that in 2022 there is an estimated 80,500+ shortfall in drivers needed in 2022 and this figure is forecast to reach 162,000 by 2030.