While other industries are hiring, trucking companies face an average driver turnover rate of more than 100 percent annually. This means that they have to hire twice as many drivers as they need just to replace those who leave due to retirement or other reasons. The lack of qualified drivers is a major concern for the industry because it can have serious effects on the supply chain. If carriers cannot find enough drivers, they will be forced to increase costs by raising freight rates, which will likely lead to even more shortages in the coming months. Learn more here.
Quinn, Jill | “Trucking Industry at a crossroads” CCJ Digital