How the driver shortage is affecting all aspects of trucking:
What happened to all the drivers?
- They're retiring (The average age of a truck driver is 49)
- Millennials don't want to take those open spots
- ELDs are pushing people out of the industry, and into others (e.g. construction work)
What does that mean for delivery times?
- 1 driver has now replaced what 3-5 drivers did before
- Less drivers on the road = more jobs for individual drivers = increased transit time for each load
>>> What once took one day, now takes two <<<
How are companies combating the increased transit times?
- Drop-and-hook services are starting to be pushed by trucking companies
- Decrease time at warehouses to try and compensate for more loads per driver
Is Drop-and-Hook going to be an issue?
- Not all warehouses have the infrastructure to handle that (wrong doors, not enough dock workers, etc.)
- Time saved at warehouses doesn't outweigh increased time on the road
- Prices increase per load, while delivery times are pushed back