Shipping Industry has a shortage of 20,000 drivers would rise to 111,000 in 2014
Alexandria, VA, USA - eTrucker-May 25 2005: - The industry of transport of heavy loads and long distance in EUdeNA is experiencing a national shortage 20,000 truck drivers, according to a new analysis of the American Trucking Association reported today "USTruck Driver Shortage Analysis and Forecasts" .
The forecast is a report on the present and future of long distance drivers, predicts that the shortage of truck drivers long distance will increase to 111,000 by 2014 if current demographic trends stay their course and if the hand of total work continues to grow at a slower pace.
said the ATA President and CEO Bill Graves: "The driver market is the most difficult in 20 years and a substantial limitation on the amount of charge carriers can carry. It is critical to find new ways of working, increase wages and recruit new people for the industry to maintain our national economy moving. " Of the 3.4 million drivers on the road, 1.3 million are long-haul truckers, the segment most severely affected by shortages. Although the current shortage to be set at 20,000 drivers, it seems larger to the industry due to the high degree of "agitation" among drivers who move on boot loader. The largest truck carriers reported a number of changes in company 121% year past.
If current demographic trends continue, the supply of new truck for heavy loads and long distance will grow at a rate just 1.6% annually over the next decade. But Global Insight economic consulting firm that conducted the study for ATA, predicts that over the next 10 years, economic development generates a need for average annual increase of 2.2% in drivers of heavy trucks for long distance, or 320,000 full jobs. Other 219,000 must be found to replace drivers 55 and older who will retire in the next decade, putting total expansion and needs replacement drivers 539,000 jobs, an average of 54,000 new drivers per year for the next decade . drivers left the transportation industry long distance after average weekly earnings go down 9% below average construction during the recession of 2000. Wages have drivers could not recover pre-2000 levels when they were on average 6 to 7% higher than construction wages. The lorry drivers also cited extended periods away from home and unpredictable schedules as reasons to move to other occupations.
At the same time, the industry also is challenged with finding qualified drivers. Many trucking companies reject a high percentage of driver applicants because they lack qualifications. These challenges increase in years recent because the industry tightened its security measures.
The driver shortage comes as the trucking industry is hauling more freight than ever. It is expected that the total annual tonnage hauled by trucks to increase to 13 billion tonnes by 2016 from 9.8 billion tons in 2004.
"It's a favorable market demand for us," Graves said , "only that the possibility of increasing the capacity of trucks is based on the market's ability to find drivers. A tight driver market will maintain a tight capacity. "
ATA said it will be harder to find drivers in coming years because of adverse demographic trends limit the size of the supply of workers who hold jobs traditionally driver. For example, one fifth of all heavy truck drivers are 55 or older. Replacements must be found for almost all of these, because only a small fraction of heavy truck drivers work past age 65. The ability to replace these drivers will be worsened by the poor growth of new entrants to the workforce, which is expected to decelerate after 2007 from a 1.4% annual growth of only 0.5% in 2014. More importantly, the number of men between 35 and 54, they do demographically a first-time drivers, will be flat or declining over the next 10 years.
To increase the supply of drivers in the nation, the industry will increasingly need to plan on a larger percentage of women and minorities. Women currently represent 5% of truck drivers. African Americans represent 11.7% of long distance drivers and Hispanics account for 9.7% of drivers transcontinental sector.
If the transport industry to attract more drivers to match its growth projections for the next 10 years will require a minimum level, the return to the wage position that prevailed in the 90's. Currently, weekly earnings in long distance transport are 1.5% below the average of the construction. The industry must also address the quality of lives of drivers, including time of stay home and flexible hours.
ATA is a national trade association for the trucking industry, a federation of state associations, conferences, and affiliated organizations of transport, including more than 37,000 members, truck loaders, and representing every type and class of carriers in the country , before Congress, the courts and regulatory agencies.
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