SAN DIEGO — The truck driver shortage eased slightly in 2022, after more than 90% of TL carriers raised pay last year, but the industry still faces its second-largest number of vacancies on record, American Trucking Associations Chief Economist Bob Costello said Tuesday.... read more ›
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.... view details ›
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.... view details ›
Fuel prices were a top-3 issue for both motor carriers and drivers, including owner-operators, according to the report. While the driver shortage and retention remained the top two concerns of motor carriers, the rise in fuel prices has increasingly weighed on companies' bottom lines.... continue reading ›
In 2022, a year that promises a hold-over in heightened demand, lower-than-usual supply levels and increased costs across the board, freight rates will rise. Spot prices, which indicate the going rate for transportation services, increased substantially over the past 12 months.... continue reading ›
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.... see details ›
Even though 2021's absurd highs are cooling off, America's truck auctioneers are still happy with the state of the used big rig world. Visser said he believes used truck prices will lower by 5% each month. By the end of 2022, used truck prices will return to the levels we saw by the end of 2020.... see details ›
Trucking is one of the highest-paying careers that doesn't require a college degree. Additionally, the longer you stay with a company, the more you'll be rewarded with bonuses and pay increases for safe driving records and performance. Another advantage of being a trucker is the opportunity to travel.... see details ›
The HGV driver shortage is likely to last for a year, threatening continued supply chain disruption and shortages, a government committee has heard.... view details ›
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.... see details ›
Too many truck drivers for the amount of work available means lower and lower pay. During the last major trucking recession in 2019, hundreds of trucking companies declared bankruptcy, unable to cover the costs of running a trucking company with deflating rates.... continue reading ›
Truck driving is more than a job, it's a way of life, and this way of life isn't for everyone. But, if you're able to handle the long miles, lonely hours, and being away from your home and family for weeks and months at a time, truck driving might turn out to be your dream job.... continue reading ›
Is the trucking business set to grow in 2022? Despite the challenges, many experts predict that the trucking business will grow through the rest of 2022. The ATA's U.S. Freight Transportation Forecast to 2022 reports that freight tonnage this year will rise by 24%, with a predicted 66% increase in revenue.... see details ›
One of the biggest challenges the trucking industry experience in the United States is the shortage of truck drivers. According to reports, the trucking industry has more than 63,000 driver shortages. Also, only about 6% stay in their position every year.... see more ›
This year is looking much worse for owner-operators. Just over 35% of respondents rated their expectations for profitability in 2022 (relative to 2021) a 1, the lowest possible score.... read more ›
Carriers don't have enough drivers to drive the trucks that they own, while there is too much capacity on the market to haul the amount of freight. Rates become depressed as carriers aggressively undercut one another hoping to move loads.... see details ›
Cheaper upfront cost and lower depreciation.
The initial costs of used semi-trucks are vastly lower than newer trucks, and they depreciate at a lower rate. A new truck loses a great portion of its value the second it drives off the lot, whereas older trucks lose value at a much slower rate.... see details ›
The second half of 2022 will start to reflect supply chain recovery according to J.P. Morgan Research. Global car production is forecasted to be up 7% in the 2023 fiscal year, with sequential improvements expected from the second half of 2022 as the chip shortage gradually improves.... read more ›
New models would be zero-emission in 2024, while diesel and gas drayage trucks must retire after 18 years to guarantee that they meet a zero-emission requirement by 2035. In addition, half of all new trucks purchased by state and local governments would be zero-emission in 2024, increasing to 100% by 2027.... view details ›
Last month, Rogel Aguilera-Mederos, a 26-year-old truck driver with no criminal record, received a 110-year sentence for accidentally killing four people because his brakes failed as he approached stalled traffic on a Colorado highway.... see details ›
- Double Clutching and downshifting.
- Straight backing, or just about any type of backing maneuver in a big rig.
- Having the driver's seat and the mirrors adjusted properly.
- Making right hand turns.
- Getting started from a stop on an incline.
Updating hiring campaigns to cater to these demographics could be just what the trucking industry needs right now. Offering financial assistance for new hires to get their licenses and training could also help bring in more drivers.... view details ›
Driver. The biggest industry that's going to vanish soon is the driving industry. Whether that's taxi drivers or lorry drivers, anyone who gets paid to drive things from A to B has a career lifespan of, at most, another 20 years.... view details ›
Here are a few predictions from the study: Private car ownership will drop 80% by 2030 in the US. The number of passenger vehicles on American roads will go from 247 million in 2020 to 44 million in 2030.... read more ›
Amid a severe driver shortage, a new study says 90% of long-haul trucking could be replaced by self-driving technology.... read more ›
Flatbed drivers are some of the most in-demand drivers in the trucking industry today.... read more ›
For decades, truckers have quit at alarming rates, leading to a chronic shortage. The turnover rate was at a staggering 91 percent in 2019, which means that for every 100 people who signed up to drive, 91 walked out the door.... read more ›
If trucks were stopped for a few days: service stations would completely run out of fuel, ATM's would run out of cash and banks would be unable to process transactions, supplies of essential food and water would disappear, and garbage would start piling up in urban and suburban areas.... see more ›
Hospitals wouldn't receive important medical supplies like PPE, diagnostic machinery, and ventilators. Gas wouldn't be delivered to fuel stations, and the semiconductor chips that automakers are clamoring for wouldn't arrive.... view details ›
People getting older is one of the largest reasons for the truck driver shortage. The average truck driver is around 45 years old and the average retirement age is 62.... view details ›
Most trucks are equipped with sleeping facilities truckers can use while traveling, and there are plenty of locations that allow drivers to sleep, including: – Truck stops. – Interstate rest areas. – Some customer parking lots.... read more ›
Truckers also face greater incidence of the musculoskeletal problems that accompany excessive sitting. These include back and shoulder pain, arthritis and more. Prolonged sitting also increases the risk of deep vein thrombosis, which happens when a blood clot forms in a deep vein.... see details ›
Yes, you can make money from trucking, if you get it right. The average net profit margin of a trucking company averages between 2.5% and 6%. That means it can be a profitable business and an industry that you can make a decent living from, provided you get into the trucking business with your eyes wide open.... continue reading ›
How Much Money Can You Make Owning an 18-Wheeler? Owner-operators in the United States generally make well over $100,000 per year.... see more ›
Topping the list in 2021 were mechanical/breakdown issues with the tractor. The second biggest issue for drivers in 2021 was regarding compensation and pay rates not being competitive. Drivers complaining about equipment assignment and mechanical/breakdown tractor issues was the third top issue of 2021.... view details ›
The cash-flow issue is a combination of many factors. These include low-paying freight, high costs of operations, too many unpaid invoices, etc. Also, clients often take up to two months to pay their invoices, and the trucking company has to cover the costs with its money.... read more ›
Drive or Human Error. Driver error accounts for the highest percentage of semi-truck crashes, making it the most common cause of truck accidents. According to the Federal Motor Carrier Safety Administration (FMCSA), eighty-eight percent of truck related crashes are due to the error of the driver.... read more ›
Year-over-year changes in freight rates in 2022
Shipments, freight moved by companies, increased by 0.4% year over year, according to the report, but declined nearly 2% month over month.... see details ›
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.... continue reading ›
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.... see details ›
Autonomous trucks could one day replace more than 90% of all highway trucking, which could have a profound impact on as many as 500,000 long-haul truckers, a new study found. Why it matters: Automation, and its potential impact on human labor, is a widespread concern for workers in many industries.... see details ›
Therefore, many worry that truck driving jobs will disappear due to automation. 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.... continue reading ›