Driver shortage creates opportunities for truckers
Driver shortage creates opportunities for truckers
Created: Friday, June 29th, 2012 12:01 pm
The trucking industry has a growing demand for drivers with CDL training to replace retiring baby boomers and meet customer demand for shipments across the country.
In an interview with DelMarVa Now, Rosalyn Wilson, senior business analyst of consulting firm Delcan, said the United States has an 8.2 percent unemployment rate. The trucking industry, however, is seeking out new professional truck drivers qualified to safely transport goods on long hauls.
The annual truck driver turnover rate with large carriers across the country is at a four year high of 90 percent in the first quarter of 2012, compared to 75 percent in the first quarter of 2011. Small carrier turnover rate has also increased significantly, up to 71 percent in 2012 from 50 percent in 2011.
As a result of the trucker shortage, driver salaries increased 5 percent from 2011 to 2012, at an average of $50,000 from $45,000 12 months prior. Stricter federal limits on the number of hours a trucker can work is expected to take effect in 2013, further encouraging fleet managers to hire more drivers to meet demands while staying compliant with new regulations.
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