“The shipping infrastructure is facing a tight capacity crunch this year, and the small- to-mid-sized business shipper will feel the upward pressure in raised rates due to the lack of drivers and trucks available,” said Tim Story, EVP of freight operations at Unishippers. “The new mandate could result in a 4-8 percent loss in capacity (available trucks on the road).
And the workers prized by many of these companies aren’t getting any younger.
“The average age of commercial truck drivers is 55 and rising rapidly,” said Jon Gilbert of PLG Consulting. “The concern is that older, qualified truck drivers are retiring, and we are not getting adequate replacement drivers.”