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DRIVERS SHORTAGE * USA - Analysis: Improving economy squeezes truck driver supply
New York,NY,USA -Reuters (Bangalore,India), by A.Ananthalakshmi -Apr 21, 2010: -- Talk of a driver shortage in the U.S. trucking industry has started to heat up, a sign that a recovery in the freight economy is well under way... The truck driver crunch is a recurring phenomenon that tends to disappear when the economy is on the slide and freight demand falls, but resurfaces as soon as volumes begin to pick up... Truck drivers and driver/sales workers make up one of the largest occupations in the United States, holding 3.2 million jobs in 2008, according to the U.S. Bureau of Labor Statistics... Demand for truck drivers tends to follow the demand for goods; as a recovering economy opens up more attractive job opportunities, carriers stand to face a severe crunch in driver supply when they begin to hire again... Noel Perry, an analyst with logistics consultancy firm FTR Associates, sees a driver shortage of about 180,000 in 2010 and 500,000 in 2011 as the recovering economy increases demand and the new regulations crimp the supply... The demand for freight grows at about 3 to 4 percent a year, while the number of truck drivers grows at less than 1 percent... A driver shortage could possibly bite into truckers' margins and growth just as they begin to recover from the deepest and longest recession since the Great Depression... (Photo: Unemployed truckers)* Increase in Outsourced Driver Recruitment Processing Expected As Trucking Industry Rebounds
Southfield,MI,USA -PR Web -21 April 2010: -- Recession factors continued to slow the freight transportation industry throughout 2009, but many fleet operators have used the business downturn to rethink their driver recruitment strategies. MTS Driver Recruiters, a specialist provider of Recruitment Process Outsourcing to the transportation/logistics industry, is seeing an increasing demand for high-efficiency services that will grow as freight tonnage increases as expected in 2010. The company’s recent, pending contracts with large private corporations and commercial carriers indicate that the industry is gearing up for better days, according to Principal, Ken Walker... Many industry experts are predicting that the driver shortages of the past will soon return with much greater ferocity, as many drivers who have been unable to find work have abandoned the trade for other occupations... MTS uses proprietary advertising techniques coupled with their own national database of over 340,000 commercial truck drivers to efficiently identify and qualify higher numbers of “right-fit” candidates for consideration, based on the client’s specific needs...
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