The domestic trucking industry\u00a0transports nearly 75% of U.S.\u00a0freight by tonnage, and now it is grappling with\u00a0challenges contributing to ongoing supply chain instability, according to Antenna’s news release.<\/p>\n
The trucking industry is facing labor and\u00a0retention complications due to various factors, including:<\/p>\n
- \n
- Truck drivers spend approximately\u00a0an hour a day trying to locate parking,<\/li>\n
- The median age of labor in the sector is 5 years above average at 46.6 years old, and<\/li>\n
- Women make up only 6.9% of the labor force in the sector, significantly lower than the 47.5% average across all industries<\/li>\n<\/ul>\n
Another takeaway\u00a0from the report is that, in order to\u00a0meet ESG goals, the industry is shifting to electric vehicle<\/a> (EV) trucking. This\u00a0could subsequently help bolster the labor force, according to Newmark.\u00a0In coming years, EV trucks will likely have an average range near 250 miles. The\u00a0charging and mileage limitations could appeal to younger workers, who have a preference for shorter hauls.<\/p>\n
The other trend impacting supply chain and industrial development is spending.\u00a0Two years of elevated consumer spending has led to higher demand for truckers, which\u00a0exacerbated industry churn. The\u00a0turnover dramatically increased as drivers took advantage of increased pay, signing bonuses, or established their own businesses, according to Newmark’s report.<\/p>\n
Originally posted on Work Truck Online<\/a><\/p>\n
By Work Truck Staff<\/a><\/p>\n
![\"\"](\"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2021\/07\/AFMC4000-300x150.jpg\")
<\/a><\/p>\n![\"\"](\"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2022\/03\/AFMT4000-scaled.jpg\")
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"