According to the American Trucking Associations (ATA), if current trends in the trucking industry persist, there will be a severe shortage of truck drivers by 2024.
If you are already working in the industry, or are interested in a trucking career, you are likely aware of this and wondering what the cause of the shortage is, as well as how it will impact your future in the industry. Read on to find out!
The Reason for the Truck Driver Shortage
There are two main factors causing the current truck driver shortage:
As the nation’s economy continues to improve, the production and output from American companies is increasing. The increased production and distribution of goods and materials means that there is an increased demand for truck drivers to deliver those goods.
Many existing truck drivers are reaching retirement age and will be leaving significant gaps in the industry over the next several years. Additionally, the ATA states that preceding generations of truck drivers are retiring faster than younger generations are taking over their roles.
How You Can Benefit from the Shortage
With more CDL trained truck drivers being needed to deliver an increasing supply of goods - and with the driver demand only expected to rise over the next several years - there will be more job security for those in the trucking industry.
Additionally, with drivers retiring, there will be even more opportunities available, with several open positions needing to be filled.
The combination of these two factors makes now an ideal time to be in the trucking industry since, in an effort to fill open positions with qualified drivers, carriers are working hard to reward drivers with better salaries and competitive benefits packages!