US Truck Driver Shortage Strains Supply Chain Amid High Turnover
American Trucking Associations data reveals driver turnover rates at large truckload carriers surged to a three-year high, while smaller fleets remained relatively stable. LTL transportation maintained its strength. The growing driver shortage is potentially caused by industry growth, driver retirements, and regulatory pressures. Addressing the crisis requires a multi-pronged approach, including improving driver compensation and benefits, optimizing work schedules, and enhancing technological applications. This comprehensive strategy is crucial to mitigate the impact of the driver shortage on the logistics and transportation sector.
