The trucking industry grew at an unprecedented rate in the last half of 2017. In fact, a recent study by the ATA (American Trucking Associations) and Bob Costello, indicated that while growth was forecasted at 2.5%, actual growth in the past five months of 2017 was closer to 4%, with the temperature-controlled segment growing at an increase of a whopping 11.6%.At the same time, driver shortage continues to be a problem. In 2005, driver shortage sat at 20,000. By the end of 2017, this same shortage had exploded to 50,000. According to the ATA, if the trend continues, this shortage could rise to over 174,000 by 2026.
Driver shortage is the result of many factors. The Bureau of Labor Statistics puts the average age of truck drivers at 55 years old and the ATA estimates that only 6% of drivers are women. An aging-out and predominantly male workforce contributes to the shortage along with the required long hours and time spent away from home.
Tightening of capacity in the cold chain is exacerbated by this driver shortage. According to a recent Wall Street Journal article, only 1 truck is available for every 12 shipments. That’s why shippers should partner with logistics providers who have access to the best fleets with qualified drivers and innovative technologies.
Here at Pyramid Transport, we work with over 5000 trucking companies. We specialize in the fastest growing segment in the transportation industry--frozen and refrigerated shipments. We’ve been at it for 25 years--with the ability to track your shipment and its temperature from pick-up to delivery.
Don’t let the driver shortage get you down, call one of the specialists at Pyramid Transport today.