Aging Truck Driver Work Force – A Major Issue in Filling Demand & Empty Seats
With a combination of retirements and people exiting the industry, carriers need to recruit in roughly 100,000 drivers per year over the next decade to simply keep pace with projected United States freight needs.
The American Transportation Research Institute (ATRI) released a fascinating white paper analyzing the age demographics of truck drivers.
I highly recommend the entire paper, but want to comment on some of the key findings.
All of the charts in this post are from the ATRI white paper.
The bottom line is that the U.S. truck driver population is aging and there are not enough young drivers in the labor force to fill the empty seats that will be opened by the upcoming retirement of drivers.
As I think about how to attack the driver shortage problem, I believe the answer is more than higher pay.
In fact, I do not think there is one simple answer but believe there are numerous actions than can have an impact.
I also believe that we have to focus on both increasing the supply of truck drivers and decreasing the growth in demand for drivers as the economy expands.
Read more here.