Why are we losing truckers?

Low wages.

The cost of living has greatly increased but wages have not kept up with the cost of living. In fact, wages are so low with some trucking companies, that it's simply no longer worth the sacrifices the drivers make for the job. Interesting to note this started with Deregulation.

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 is there a trucker shortage right now?

In 2021 the pool of drivers employed by trucking firms shrank as high freight rates encouraged many drivers to strike out on their own. The slowdown in volume in the second half of 2022, combined with rising fuel and other costs, forced a growing number of those would be entrepreneurs to seek employment again.

Is the trucking industry in trouble 2023?

The trucking industry overcame multiple challenges in 2022, including some surprises, as the industry shifted from the COVID-19 pandemic into something more normal. With 2022 in the rearview, 2023 brings uncertainty and rising recession risk.

How long will the truck driver shortage last?

At current trends, the shortage could surpass 160,000 in 2031, according to the ATA. This forecast is based on driver demographic trends, including gender and age, as well as expected freight growth.

Why The Trucking Industry Is So Fragmented And Chaotic

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 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 ...

Why is the trucking industry failing?

The trucking industry is facing a driver shortage of tens of thousands of drivers. One common reason trucking businesses fail is because they struggle to manage their drivers, finances, or business effectively – Leading to trouble finding and keeping excellent drivers or keeping their finances profitable.

Why are loads paying so low?

Today, retailers have too much inventory and consumer demand has dropped due to inflation and renewed spending on services. The result is weakening demand for truck capacity and falling trucking rates. Truckload spot market rates are below contract prices and 15% lower than a year ago.

Do truck drivers have a future?

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.

Will trucking ever go away?

The truck driver is responsible for delivering the goods to the customer. Face-to-face communication can't be replaced with the use of technology. Consequently, the truck driving job won't disappear soon despite the promising automation technologies.

What is the salary of a truck driver?

Salary range for the majority of workers in Heavy truck and lorry drivers - from ₦24,172 to ₦64,574 per month - 2023. A Heavy truck and lorry drivers typically earns between ₦24,172 and ₦74,917 net per month at the start of the job.

Are the truckers causing inflation?

The problem in the U.S. isn't just the empty shelves, due in large part to the shortage of experienced truckers, with fewer goods, the prices go up. We've seen the highest, fastest growth of inflation in decades.

How long will truck drivers be needed?

Meanwhile, the American Trucking Associations (ATA) reported a shortage of 80,000 drivers last year, an all-time high that could reach 160,000 by 2030. The solution, the ATA said, is to recruit a million new drivers over the next decade.

What would happen if the trucking industry shut down?

Without fuel, police, fire, rescue and other public service vehicles will be paralyzed, further jeopardizing public safety. U.S. Mail and other package delivery operations will cease. Within two days, garbage will start to pile up in urban and suburban areas due to a lack of regular pick ups, creating a health hazard.

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.

Which CDL pays the most?

Your Class A CDL will generally be able to garner you the highest wages of any type of truck driver. Most students who graduate with their Class A CDL will get into over-the-road (OTR) trucking.

What is the highest paying truck job?

Private Fleets

They offer one of the best paying truck driving jobs in the U.S. Their rate of pay for a company truck driver ranges from around $70,000-$85,000 US per year.

Is being a truck driver worth the money?

A truck driving job is a great career for those who want to start earning a high annual salary without spending years on training. While there is required training and paperwork that goes into getting your CDL and authority, the pay is often worth it for truck drivers.

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.

Are trucking companies going out of business?

As the supply slowly fell throughout 2021 and 2022, the overwhelming number of auto transport workers had more competition than ever, with slimmer pickings. This has now caused thousands of truckers to lose their businesses.

What is the biggest problem with the trucking industry right now?

The rising price of gas overtook driver shortages as the biggest issue facing the trucking industry in 2022. High gas prices aren't just hitting everyday drivers, as the trucking industry is reportedly most concerned about the rising cost of fuel across the country.

Is trucking worth it in 2023?

Earn a good living: Truck drivers starting out can earn a median wage of $45,000-$60,000 per year, with seasoned drivers seeing increased earning potential. In addition, many trucking companies offer bonuses and incentives that can increase your earnings even further.

Is truck driving hard on your body?

Without physical workout, it causes the body to gain weight and leads to obesity. According to CDC research, seven out of ten truckers are obese in the U.S. alone. One truck driver even informed the researchers how common it was to become obese while driving trucks and long hauling vehicles.