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New Study Highlights Growing Driver Shortage Facing Trucking Industry

, , , , | May 5, 2015 | By
Hot Shot Trucking Industry Study

One of the largest concerns on the horizon for the nationwide trucking industry remains a growing national shortage of drivers and a new study further demonstrates that there are no signs of the problem diminishing soon. The new report compiled by HireRight reinforces the statistics that show the industry is poised to be short more than a hundred thousand drivers over the coming decade.

Root causes for the driver shortage are usually attributed to the facts that many drivers permanently left the industry during the last recession, that there are additional regulations within the industry and a serious shortfall in attracting younger drivers to replace an older workforce.

Nationwide trucking companies HireRightThe study shows that freight revenues are anticipated to grow by more than 50 percent during the next ten years and the current shortage of drivers is in the vicinity of 35,000 and continues to grow. The difficulties in recruitment are surprising in an economy that still has issues considering that entry level jobs pay in the region of $35,000 to $40,000 per year but attracting new candidates is a struggle.

All of which doesn't overlook that the career choice means extended time away from home and, of course, the physical demands of the job. Meanwhile, the industry is seeking improved methods to not only recruit but also retain experienced drivers who frequently leave the sector after working within it for perhaps five to ten years. The turnover rate, which is studied by the American Trucking Association, demonstrates that the consistent loss of skilled drivers continues to deplete the workforce.

The need for trucking companies to find solutions that attract and keep good drivers will be crucial to the success of the industry over the coming years and will also play a significant part in dictating the cost of moving freight across the country.

About HireRight: As one of the world's largest providers of employee background check services, HireRight specializes in helping organizations of all sizes and locations efficiently implement, manage and control their background screening programs. Serving the transportation industry since 1981, they have helped thousands of trucking companies put qualified drivers behind the wheel. Thanks to knowledgeable staff and proprietary DAC Employment History File (a database containing over 6 million records with thousands more added monthly), their driver screening solutions are fast, accurate, and comprehensive.

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Modern business is all about strict timelines. Whether your field is manufacturing, extraction, retail, or research and development, your operations are bound to rely on activities that operate in tandem. The most minor of supply shortages can throw these activities off, potentially costing you thousands of dollars just for a few hours' delay. Success thus hinges on your ability to right the ship as quickly as possible after a supply shortage arises.

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Modern day hot shot trucking provides the speed and exclusivity you need to meet the most demanding and time-sensitive shipping requirements. We use every resource, avenue, and channel available to ship your freight by ground or air. Designed specifically to address supply and distribution problems that arise without warning, hotshot trucking tactics involve coordinating a network of carriers in a variety of locations. By calling on the vehicles closest to your supply or distribution points, hotshot brokers can fill any sudden gaps in your supply network almost as soon as they happen. This minimizes the disruption to your business and allows you to quickly return to ordinary operations, weathering the storm without skipping a beat.

Automotive

The automotive supply chain already has significant challenges. Don’t let malfunctioning equipment stop the production line. Step on the gas with HotShotTrucking.com’s suite of services that will get you back in the fast lane. With HotShotTrucking.com, companies are devising shipping strategies to swiftly deliver critical parts and equipment — whether it's ground expedite service with sprinter vans, box trucks and 53-foot tractor trailers or air freight and air cargo.

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Aviation & Aerospace

Every moment a commercial airliner sits on the ground, it costs an airline money. Expedited freight services by HotShotTrucking.com can get you back in the air with prompt delivery of parts and equipment throughout North America. We are equipped with the expertise to navigate the complexities of shipping jet engines and other types of loads, and our network of hot shot drivers has extensive experience transporting aviation assets.

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Construction

One shipping delay can snowball and cause delays throughout your entire project. You need an experienced 3PL provider who understands the construction industry and has the logistical reach to deliver your freight on time, anywhere. That 3PL partner is HotShotTrucking.com. Whether in the air or on the ground via truck and trailer, we can connect companies to expedited freight services for the prompt delivery of parts and equipment throughout North America.

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Mining & Metals

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Manufacturing

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