Capacity crisis for Trucking industry
A huge shortage has been reported in regards to truck drivers. As drivers are gone away from their homes for long periods of time, it is not a lifestyle for all. The largest shortage was reported in 2017 as per Fortune.com (article link below). This is not good for supply chain of freight transportation in general. The demand of long haul trucks is increasing however, trucking companies are in search for qualified truck drivers who can haul for long periods of time and this has created a huge demand for truck driving jobs.
It is difficult for drivers to maintain their lifestyle specially after changes in rules and regulations by FMCSA in U.S in regard to limitation on driving hours. The implementation of electronic log books (ELOGS) have also made a huge impact on the industry. It seems like it will take some time for the industry to adapt and overcome these changes.
Here are some links of articles on the same topic.
http://fortune.com/2018/06/27/americas-trucker-shortage/
Disclaimer- The rules and regulations are subject to change any time. Readers must verify with the authority, FMCSA/MTO and must not rely on the contents of this blog.
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