Three-quarters of fleets surveyed by the American Trucking Associations (ATA), say they have or will be increasing driver pay packages in the face of a driver shortage.
At an ATA Management Conference & Exhibition panel discussion, chief economist Bob Costello said "While the driver shortage is generally confined to only certain segments of the trucking industry, it is having real impacts in how fleets recruit and retain their drivers."
"Fleets in all segments of trucking have told us they are having a more difficult time finding qualified drivers than they were a year ago," Costello added. "As a result, more fleets are considering hiring drivers straight out of driver training programs and nearly three-quarters of those we surveyed plan to increase pay or have already done so."
The industry needs to find an average of roughly 96,000 new drivers annually to keep pace with demand. If freight demand grows as it is projected to, the driver shortage could balloon to nearly 240,000 drivers by 2022, according to ATA data.
