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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies.

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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies.

Freight 60
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Why the Great Driver Shortage Is Now Top of Mind for Shippers & a Driver of a Capacity Crunch

GlobalTranz

In fact, the truck driver shortage is expected to double to 100,000 in the next five years, but other industry experts, reports Iris Kuo of Trucks.com , suggest actual worsening could be as high as 200,000 unfilled positions by 2026. percent by the end of the third-quarter in 2017.

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Where Have The Drivers Gone?

AFFLINK

Not only does this exacerbate the shortage as there are fewer drivers hauling larger amounts of freight, but it also leads to massive supply chain issues like product shortages, extended delivery delays, and (ultimately) higher prices. Those "things" need to be transported via truck, yet the industry lacks the capacity to do so.

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Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

He was promoted to a full-time job in 2017, and is now earning more than $16 an hour. Freight rates are on the rise, and there are signs that the shortage are unlikely to abate. Truck driver salaries are up, with private fleet drivers earning as much as $86,000 annually in 2017, with an entry level median position of $53,000.

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This Week in Logistics News (December 31 – January 6)

Logistics Viewpoints

Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026. percent from 2017 through 2021 and will have a CAGR of 11.8 The annual figure is up from $9 billion in 2017 and a more than eightfold increase from two decades ago, the center found. percent from 2022 through 2025. Online pet retailer Chewy Inc.

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Truck Driver Shortage: Getting Better, Worse, or No Problem at All?

Talking Logistics

This past October, the American Trucking Associations warned that the trucking industry could be short 50,000 drivers by the end of 2017. In the report, ATA projects the shortage to reach 50,000 by the end of 2017 and if current trends hold the shortage could grow to more than 174,000 by 2026.