Volatility in the industry presents a challenge for recruitment strategies.
The freight transportation industry experienced a recession last year due to the economic situation in the United States, which particularly affected hiring and retention rates. Earlier this year, the Bureau of Labor Statistics recorded an increase in sector hirings; however, the possibility of future decreases was not ruled out.
Despite being a constant in the flow of goods and services, the transportation industry faces challenges from current advancements and policy changes, potentially leading to future problems. Kameel Gaines, Founder, CEO, and Hiring Director of Rig On Wheels Broker & Recruitment Services, in a recent article (Forbes, 2024), shares insights into the trucking industry’s influencing factors and provides strategies for a future-ready workforce.
Gaines explains that during economic growth periods, demand increases, whereas recessions lead to contractions, posing a challenge for hiring strategies.
Key factors affecting the trucking industry.
Age, Health, and Lifestyle: Driver shortages are largely attributed to aging. The retirement of experienced drivers creates a critical deficit in qualified personnel and vital knowledge for safe and efficient operations. Younger drivers entering the sector seek flexible schedules and healthier work cultures. Additionally, the lifestyle associated with trucking poses health challenges that not everyone is willing to face, necessitating programs to balance work and prioritize health.
Technology: Rapid technological advancements create a shortage of suitable skills. Drivers now require competency in both traditional driving and modern technological systems like telematics and automated logistics systems, complicating the hiring process.
Economic Stability and Job Security: Economic fluctuations influence driver demand, affecting the perceived job security among potential candidates.
Inclusion and the Industry’s Future: The industry’s male-dominated workforce necessitates recognition of the importance of workforce diversity, attracting women, young people, and individuals from diverse backgrounds. The sector also faces scrutiny for its environmental impact, driving the transition to eco-friendly options like electric trucks, requiring drivers to acquire new skills and adaptability.
To address these challenges, hiring strategies must adapt to meet the needs of workers and prospective industry entrants.
1. Enhanced Compensation: Competitive salaries, improved benefits, and flexible working conditions are crucial for attracting and retaining talent.
2. Technology: Implementing data analysis technology in hiring processes streamlines candidate selection, enabling the recruitment of drivers aligned with industry needs more efficiently.
3. Training and Development: Investing in comprehensive training programs covering driving skills, technological proficiency, and soft skills development.
4. Diversity Promotion: Proactively hiring diverse talent, including women and young drivers, can help alleviate driver shortages, fostering spaces for new ideas.
5. Improving Public Perception: Eliminating industry-related stigmas is essential for attracting new drivers.
Gaines emphasizes that proactive adaptation of hiring strategies, prioritization of workforce development, and fostering sector collaboration are key to overcoming economic fluctuations. By doing so, the sector can strengthen and become more resilient, harnessing potential in these dynamic times.
The role of insurance: financial protection and saving money
Taking out insurance reduces the direct financial burden on the insured’s pocket and is an essential back-up for the insured In most states, it is
High costs and safety risks of truck detention
A new report published by the American Transportation Research Institute highlights the impact of truck detention A new report published by the American Transportation Research
Texas unveils $148 billion transportation investment plan for mobility and safety
The investment includes the implementation of a 10-year Transportation Plan An ambitious $148 billion investment plan for Texas transportation infrastructure has been announced by Governor
Supporting truck drivers’ mental health
The elevated anxiety and depression levels among drivers highlight the urgent need for mental health support and attention September is Suicide Prevention Awareness Month, a
NHTSA forecasts reduction in traffic fatalities in the first half of 2024
According to NHTSA, traffic deaths have decreased for the ninth consecutive quarter The National Highway Traffic Safety Administration (NHTSA) has released its preliminary estimates of
Year after Yellow Corp.’s collapse: stagnation in trucking employment
The employment report shows a difference of 400 more jobs compared to last year The closure of Yellow Corp. in 2023 marked a milestone in