Driver Shortage * USA - Shows Gain in U.S. Truck Cargo
(Photo by Michael Fein/Bloomberg: J.B. Hunt’s spending on wages, salaries and benefits rose 12 percent last quarter from a year earlier, compared with 15 percent for the trucking unit’s weekly sales per tractor)
New York,NY,USA -Bloomberg, by Natalie Doss - Aug 25, 2011: -- U.S. trucking companies may face a 30 percent surge in wage bills by 2014 as rising demand for freight shipments threatens to push the industry’s driver shortage to the longest on record... The current shortfall will double in a year to about 300,000 full-time positions, or 10 percent of the workforce, said Noel Perry, managing director at consultant FTR Associates in Nashville, Indiana. A three-year deficiency would top the 300,000 vacancies lasting for about a year in 2004, he said... A gap between cargo demand and the driver supply adds to evidence that the freight industry is recovering... For a permanent fix to the industry’s shortages, FTR’s Perry estimated that long-haul novices earning $40,000 annually and experienced drivers at $70,000 would need to see increases that might top his projection of a 30 percent boost by 2014... “What does it take to make a normal person happy with being away from home two straight weeks?” Perry said. “The rule of thumb is we’ll probably have to pay these guys between $60,000 and $90,000” ... Labels: drivers shortage
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