Top 5 Trucking Trends
If you are in the trucking industry, you will want to keep a close eye on these top trends for the remainder of 2019. 1. Driver Shortage and Wages The driver shortage is still the top challenge as reported by fleet owners. Some fleets are reporting that more than a third of their trucks were empty at any given time last year. One company said of the 800 drivers they interviewed over the past year, they only hired two – and neither one of them showed up to work, according to Trucking Info. Driver wages are expected to increase this year, with driver pay conditions being more favorable today for drivers than a year ago. 2. The Economy The economic outlook is not as great as it was one year ago. It’s the second longest economic expansion in our history. Good news is, there is enough momentum to take us through the first half of the year. After that, there are definitely some economic indicators that seem troublesome, such as the stock and housing markets, tax cuts in favor of buybacks rather than capital investment, tariffs and trade wars, etc. In general, experts are predicting a slowdown as we [...]