Challenges like driver shortages and driver retention, both of which result in the need for increased driver compensation, are nothing new for the transportation industry. It should come as no surprise that each features heavily into the most recent report on critical industry issues from the American Transportation Research Institute (ATRI).
While these issues have been around for years, the pandemic has placed greater demands on e-commerce andtrucking, creating more jobs to fill. Some drivers have left the industry over health concerns as part of the “Great Resignation,” creating more competition for available drivers. COVID-related closures have also created backlogs for new entrant training and licensing.
When you’re paying more to find, train and retain qualified drivers, it’s more critical than ever to offset costs and balance your spending. But how?