Trucking industry facing a hiring and retention crisis
Information from the Bureau of Labor Statistics shows the truck transportation industry lost 6% of its pre-pandemic labor force of 1.52 million workers.
Author: Matt Howerton
Published: 10:19 PM CDT October 11, 2021
Updated: 10:19 PM CDT October 11, 2021
DALLAS, Texas — Freight operators nationwide are scrambling to meet shipping demands as they desperately try to lure more drivers into the pipeline of America's supply chain.
According to the American Trucking Associations, the reality is that the industry is facing a hiring and retention crisis.
In 2019, the U.S. was already short 60,000 drivers, per the ATA.
And Bob Costello, the ATA's chief economist, said that number is anticipated to grow to 100,000 by the year 2023. The trucking industry lost 6% of its pre-pandemic labor force of 1.52 million workers per information from the Bureau of Labor Statistics. That's roughly 91,000 workers.
In the summer, the industry got 63,000 lost jobs back but remained about 33,000 jobs short of employment levels in February 2020. Freight operators are doing everything they can to attract new blood. Many are handing out higher wages and incentives.
In August, Eric Fuller, the CEO of U.S. Xpress, told 'Yahoo! Finance' that his company has doled out 30% to 35% in total pay increases over the last 12 months.
A few issues are being attributed to the problem. The first surrounds the median income for drivers, which sits at $47,130 per year. Joseph Coutts, a 72-year-old truck driver from Indiana, told WFAA on Monday that drivers don't feel like they're being paid enough for the amount of time they're on the clock and for the stresses of the job.
Also, Coutts added that most drivers don't get paid much for "detention time" or the time drivers have to wait because a shipper has impeded them from loading or unloading.
"You don't feel fully compensated for the work that you do," Coutts said.
"Driving is not easy. It's hard."
Coutts has been driving since 2002. He came to America from India and got into the trucking industry after being a teacher. He's an anomaly in the median age of truckers, which sits around 46-47.
Many of those that have left have opted for retirement.
"That older generation is leaving, and there's no younger generation to take their place," Coutts said. Supply chain issues now have the attention of the Biden administration, which has created a task force to address solutions for economic recovery.