The US has three million trucks moving freight each day and this number shows how important the truck drivers are to the economy. According to ATA, 2014 had 30,000 to 35,000 unfilled truck driver jobs. This shortage is expected to grow to 200,000 in 2020 and 240,000 in 2040.
Some of the reasons for this driver shortage are aging driver workforce, safety accountability program, reduction in driving hours, more than 10,000 carriers in business today compared to the beginning of 2014.
Some of the companies report a turnover rate of 95-100% which means carrier companies must hire drivers repeatedly and therefore lose money on recruiting, interviewing, hiring and training new drivers.
Offering incentives such as higher wages, better training, as well as improving working conditions and relationship with the management, may cause truck drivers to stay at their workplace, reducing their frequent job changes.
Until we have driverless vehicles replacing our trucks, we should find other sources of truck drivers, and offer them a competitive compensation package that will make them stay.