OTR Driver Shortageotrdriving
Info About the Current Truck Driver Shortage:
Today, the United States is currently experiencing a massive driver shortage in the transportation industry. Baby boomers are on their way out of the industry and the transportation industry has done a very bad job at attracting new talent to replace the dwindling workforce. According to the American Trucking Association there is currently a driver shortage of 48,000 truck drivers and this number is expected to grow to as many as 175,000 by the year 2024.[i] Due to this shortage, Class A CDL drivers are in high demand.
Many trucking companies are desperate to grow their fleet sizes and they are putting together lucrative pay packages to attract new drivers to their company to drive growth. Driver wages are rising and in the last couple years alone wages have increased an estimated 8%-12%. One time wage expenditures such as sign-on bonuses and transition pay is also growing. In addition, OTR (Over the Road) transportation companies are doing more to develop lanes and obtain freight that puts their drivers in a position to be home more often. All of this is being done with the goal of keeping their current fleet of drivers happy, while at the same time, positioning them to offer better paying OTR driving jobs in the future to attract new drivers.
The driver shortage has also increased competition within the trucking industry. Transportation companies are fighting for the same driver which has the unintended consequence of intensifying driver turnover. The qualified drivers bounce from one company to another looking for a better position that more closely fits the drivers desired needs. Some transportation companies are facing over 100% driver turnover. This means that their recruiting efforts never stop.
If you are a driver and you are looking for a new OTR Driving job you have come to the right place. Our goal is to help educate drivers on the jobs that are out there and let them decide for themselves what new driving job will be the best fit for them. Our biggest piece of advice is to take your time and do your research. We offer a lot of resources to help aid you thorough this process. Visit our carrier directory or our carrier review pages to learn more about what other drivers are saying about their past employers.
We wish you the best on your job search.
[i]American Trucking Association (2015) New ATA Report Shows Growing Shortage of Qualified Truck Drivers
Analysis Shows Driver Shortage of 48,000 Now, Possibly 175,000 by 2024 Retrieved from http://www.trucking.org/article.aspx?uid=ad3cff3e-7c8b-400f-8c68-afbf3dde6898