United ed S States es T Truc uck Dr Driver er M Market & - - PowerPoint PPT Presentation

▶

united ed s states es t truc uck dr driver er m market s

Feb 02, 2024 382 likes •488 views

United ed S States es T Truc uck Dr Driver er M Market & S Short hortage September 5, 2019 Bob Costello Chief Economist & Senior Vice President of International Trade Policy American Trucking Associations

SLIDE 1

United ed S States es’ T Truc uck Dr Driver er M Market & S Short hortage

September 5, 2019 Bob Costello Chief Economist & Senior Vice President of International Trade Policy American Trucking Associations bcostello@trucking.org @ATAEconBob

SLIDE 2

Source: ATA 98% 96% 95% 93% 81% 87% 89% 9% 11% 11% 11% 9% 9% 11%

0% 25% 50% 75% 100%

2012 2013 2014 2015 2016 2017 2018

Truckload LTL

Truck ck Driver r Turn rnover r Rates b by Carri rier T r Type

SLIDE 3

10 Million CDL Holders 3.5 Million “Truck” Drivers

1.8 Million Heavy & Tractor-Trailer Drivers

880,710 For-Hire Trucking Heavy & Tractor-Trailer Drivers

Based on government data, ATA estimates that there are roughly 500,000 - 600,000 OTR for- hire TL drivers.

The driver shortage is primarily an over-the-road for-hire truckload issue. So how many drivers are in that space?

SLIDE 4

https://www.trucking.org/article/ATA-Releases-Updated-Driver-Shortage-Report-and-Forecast

SLIDE 5

Source: ATA’s Truck Driver Shortage Analysis 2019

SLIDE 6

Causes of the Driver Shortage

Demographics
Age
Gender
Lifestyle
More job alternatives available
Regulations that reduce productivity

SLIDE 7

Annual Employee Driver Compensation

2017 Median Pay Including Incentives and Bonuses, but Not Benefits

$86.4 $68.6 $66.5 $64.4 $63.3 $60.4 $57.0 $56.0 $53.2 $51.2

$40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0

Private Refrigerated Tank Truck OTR LTL OTR LTL Local P&D Flatbed Van Dedicated All Carriers TL Nat'l Irregular Route Van Tank Local *Solo Drivers Only

Thousands of USD

The Market R Reaction to An Any S Short rtage is Price Rises

Source: American Trucking Associations’ Driver Compensation Study

SLIDE 8

WHAT CAN BE DONE?

Drivers between 18 and 21 years old
Shippers/receivers need to treat drivers better
Improve driver efficiency/driving time – Reduce

driver waiting times to increase driver miles

8,500/month to 9,000 = 5.9%
8,500/month to 9,500 = 11.8%
More female drivers

SLIDE 9

Download ATA’s Report for Free at: http://trck.ng/drivershortage