truck business Archives - Page 2 of 2 - Global Multiservices

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The trucking industry plays a significant role in the United States economy and ensures businesses operate. It is also one of the most extensive revenue streams, hauling above 8 billion tons of goods every year. These account for nearly three-quarters of all goods transported in the United States.

The trucking industry is a vital source of job opportunities, and millions of drivers depend on it to provide for their families. But the turmoil of the past years has caused tremendous changes with shifts in demand, a changing workforce, and new legislation. These have impacted its overall production and development. However, it is safe to say various factors have influenced how the industry functions and different elements have changed how work gets done within this industry.

Keep reading as we explore growing trends affecting the trucking industry throughout 2022.

DEVELOPMENT OF TECHNOLOGY

Technology development has caused widespread improvements in several industries, and the trucking industry is not an exception. Trucking companies are beginning to employ several software programs to help make their operations more efficient and streamlined. Trucks are now equipped with better technology to improve functionality.

These technologies make it easier to track trucks in real-time and empower trucking companies to create streamlined routing. Additionally, AI and machine learning create intelligent predictions, allowing them to make proactive decisions. These changes are likely to increase, and trucking companies will respond better to what it brings.

GROWING FUEL COST

Over the years, fuel costs have steadily risen after hitting low in the pandemic in early 2020. These have impacted the trucking industry and pushed freight rates higher. Fuel costs have always been a significant percentage of overall operating expenses for every trucking company. Additionally, the fuel industry is constantly undergoing fluctuations in market prices due to supply and demand. Today, many trucking companies are opting for other alternatives. These include electric trucks and many more to cut their daily costs. But they need to invest, which is an expense many trucking companies currently cannot incur. However, if the fuel industry experiences a positive growth rate, fuel prices can return to where they were before the decline began.

HIGHER NUMBER OF MERGERS

Many trucking companies went out of business due to pandemics, poor management, and operating administration. And many of them are choosing to go down the alternative route by merging with other companies. According to statistics, others are likely to move in this direction in 2022 if the market does not improve.

Some are merging with existing trucking companies to pool their resources together to withstand the market. Others are uniting with companies from other sectors to expand the range of services they can provide. These allow them to continue their operations and expand to newer territories. It will also help them stay afloat until the market is favorable. Additionally, it adds new efficiencies and eliminates inefficiencies throughout the industry.

INFLUENCE OF URBANIZATION

The growth of urbanization is one of the developments the trucking industry benefited from over the past years. Rural areas are experiencing wide-scale development into urban landscapes, making it easier for trucks to travel through paths they could not. These have widened trucking companies’ customer base and helped them generate more business.

SUBSTANTIAL GROWTH WITH E-COMMERCE INFLUENCE

The e-commerce industry has grown tremendously after the pandemic. Many people prefer to order online from the comfort of their homes instead of visiting a store or showroom. These have made this industry bloom and have helped it become one of the most successful. However, the industry cannot function without the help of the trucking industry. They depend on truckers to get their goods from one place to another. Therefore, the continuous growth in the e-commerce industry is also improving the trucking industry.

With this growth comes both opportunity and challenges. Trucking companies will have ample ability to expand their services. But they will face high fuel costs, a strained supply of fleets, and driver shortages. To deal with the situation, they must be willing to be innovative in their approach to increasing hauls while addressing ongoing supply chain issues.

DRIVER SHORTAGE

The trucking industry has struggled with driver shortages for many years. Many older drivers are retiring without replacement. The hiring pool for specialized drivers is dwindling, and many drivers now prioritize quick, thorough, and well-paid carriers. The lack of better pay and long hours on the road every time is now discouraging as many drivers miss spending valuable time with their friends and family. The job also has a high risk of accidents and strict regulations.

HIGHER FREIGHT VOLUME

The demand for trucking services is not likely to slow down anytime soon. According to reports from the American Trucking Association, the national trucking freight volume has increased by more than 60% in 2022. Industry revenue and efficiency have also increased due to new technologies.


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Over the past decade, the trucking industry in the United States has struggled with the shortage of driers. These have affected the entire economy, as more than 60% of all freight is moved on United States highways. It has also affected the supplier costs, consumer pricing, increased shipping delays, and shortages at stores.

The trucking industry has emerged as one of the most acute bottlenecks in a supply chain that has unraveled amid the pandemic. The lockdowns made it difficult for new drivers to access commercial-trucking schools and get licensed. These have worsened supply shortages across industries, further fanning inflation and threatening a broader economic recovery.

Drivers’ shortage across the United States has become so severe that many trucking companies are now trying to bring in drivers from abroad like seemingly never before. The industry has been grappling with a chronic lack of drivers for years. But the pandemic made it worse as demand for shipped goods soared.

WHAT IS DRIVER SHORTAGE?

Driver shortage indicates the shortage of qualified professional truck drivers. Truck drivers are leaving the industry and searching for jobs that offer better pay, benefits, and working conditions. According to reports, many of them are not satisfied with the lifestyle it provides. Continue reading as we will discuss the factors affecting the shortage of truck drivers in the trucking industry and what the industry can do to fix the problem.

THE CAUSES OF DRIVER SHORTAGE

INCREASE IN DRIVER TURNOVER

One of the main contributions to the astounding rate of driver shortage in the United States is the turnover rate. According to research, many potential drivers are interested in having a career in truck driving. But they often abandon the idea when they discover the lack of respect, poor working conditions, and the job demand.

LOW DRIVER WAGES

There was a time when truck drivers made decent money for their hard work, but an increase in the cost of living has changed everything. The wages of many truck drivers do not match their cost of living. The wags of some trucking companies are also no longer worth the sacrifices the drivers make for the job, making the drivers feel underappreciated and underpaid. These make them leave their jobs to look for something that offers better pay, benefits, and working conditions.

DEMOGRAPHIC PROBLEM

One of the most extensive issues influencing the driver shortage is the demographic of the current workforce. These include age and gender. According to statistics, the average age of a commercial truck driver in the United States is 55 years old. These drivers will be retiring within the next 10-20 years, and there are not enough young drivers to fill the gap, putting the industry on a dangerous cliff.

The Federal requirement to hold an Interstate Commercial Divers License has also left three years post-high school gap, where possible employees become distracted by new employment opportunities. These have contributed significantly to the shortage experienced today.

Another significant demographic issue is stereotyping truck driving as a macho job for macho men has also worsened the situation. According to statistics, women makeup 47% of the nation’s workforce but only account for 6% of commercial truck drivers. Therefore, convincing women that they are welcome and needed in the truck driver career pool can bridge the gap.

TRUCK DRIVERS’ LIFESTYLE

The lifestyle of a truck driver is not ideal and steers people away from even considering a career as a truck driver. They live on the road for days, spending a lot of time away from their homes, loved ones, and friends. Being on the road non-stop also limits their nutritional options. Their high-calorie, high sugar diet can lead to health problems such as diabetes, high blood pressure, and digestive issues.

Sleep deprivation is another chronic problem faced by truck drivers. The pressure to get to their destination quickly makes them skip sleep breaks. These lead to mental fogginess, poor judgment, and forgetfulness, making them more prone to accidents. These lifestyles with poor wages make many drivers walk away and look for a new career.

HIGH LEVEL OF RISK

Truck driving is a risky profession, and truck drivers face more difficulties than smaller vehicles. They must be alert and know how to handle their trucks. They drive for long hours to make deadlines on bad roads and weather. Some drivers also haul hazardous chemicals and other dangerous substances. All these put drivers and their health in risky situations.

INCREASE IN TRUCKING REGULATION

The United States Department of Motor Vehicles and the Federal Motor Carrier Safety Administration imposes regulations on the trucking industry. Changes like stricter anti-drug enforcement, drug and alcohol testing, state-to-state rules, and proposed changes to working hours for drivers have contributed to a shrink in driver capacity. It also has significant impacts on the trucking capacity.

PANDEMIC PROBLEM

The trucking industry in the United States has felt the effects of global disruption with the pandemic. The lockdowns and restrictions made many drivers stay home with financial support from stimulus payments. It also caused partial or complete closures of many driving schools and testing facilities, leading to a backlog in getting new drivers qualified. Additionally, a surge in demand due to the pandemic is also causing a ripple effect in the trucking industry.

THE BOTTOM LINE 

The trucking industry has been grappling with a chronic lack of drivers because of the pandemic. It also raises the demand for shipped goods. The consequences have also been dire and far-reaching.

Global Multi Services is a truck permit provider that operates across the United States. We have the expertise you need for all your trucking permits and license needs. Contact us for your truck permits and license.