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Jun 14, 2014

TRUCKING DOUBLE HIRING * USA & Canada

* Ontario - Trucking may have to double hiring by 2018 to offset productivity losses: FTR 

Ottawa,ONT,CAN -Truck News, by James Menzies -June 12, 2014: -- The constricting effects of US regulations on trucking productivity could leave the industry having to hire twice as many drivers by 2018 as it does today, just to offset productivity losses. But Noel Perry, senior consultant with FTR, said that wasn’t always the case... From the early years of over-the-road trucking in the 1930s right through to the mid-90s, government regulations and policy actually increased trucking’s productivity by 150%. The hours-of-service restrictions introduced in 2004 marked the reversal, setting the tone for the regulations that have followed, which have required carriers to accomplish more with less... If the economy strengthens as the impending regulations come into effect, Perry warned the industry may have trouble meeting capacity demands. If a recession occurs, the choking effect caused by the onset of new regulations may be abated temporarily... If the economy strengthens as the impending regulations come into effect, Perry warned the industry may have trouble meeting capacity demands. If a recession occurs, the choking effect caused by the onset of new regulations may be abated temporarily...

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