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DRIVERS' SHORTAGE * USA - Turns to surplus
USA -eTrucker, by Jill Dunn -7 Jan 2009: -- The longtime truck driver shortage has gone away, but will return, perhaps as early as next year, according to the American Trucking Associations... Bob Costello, ATA chief economist and vice president, said the association doesn’t have data indicating when the shortfall changed to what he called a surplus... Clayton Boyce, ATA press secretary and vice president, said recession factors that temporarily reduced, or in some industry sectors ended, the driver shortage included:
• Freight tonnage dropped 5.6 percent from February to November.
• Some homebuilding workers switched to driving after business declined steeply.
• In the first three quarters of 2008, 2,690 trucking companies with five trucks or more went bankrupt, including some sizeable companies.
Costello, added that overall driver turnover fell to an annualized low rate of 65 percent in the third quarter. By comparison, large truckload driver turnover peaked at 136 percent in the fourth quarters of 2004 and 2005 when freight was strong. The lowest turnover for large TL carriers was 77 percent in the fourth quarter of 1997...
Labels: drivers' shortage
posted by Unknown @ 6:22 PM
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