The need for more truck drivers has become well-known in recent years, resulting in increased career opportunities and earnings potential for new and experienced drivers alike.
But did you know there is also a shortage of trucks for hauling goods, which is also creating challenges throughout the industry?
According to one recent estimate, in May 2018 there were 6.6 loads to be shipped for every one truck available, down from a 10:1 ratio in January. With trucks accounting for 70% of all U.S. freight volume by weight, carriers and shippers alike are feeling the pressure.
Let’s take a look at what’s driving the shortage and how a fleet management strategy can help ensure that you have enough trucks to meet your customers’ needs.