Trucking industry experts predict a surge in the requirement for truck drivers over the next eight years. This information must be carefully analyzed to determine the impact on businesses supporting this critical industry. The successful small business must monitor trends to take advantage of their agility and flexibility to respond immediately to changing market conditions.
November 28, 2006
Culver, IN - In October, a study was completed by the American Transportation Research Institute (ATRI) that outlines critical issues confronting the US trucking industry. The number one concern was the shortage of skilled truck drivers to meet the growing transportation demand over the next decade. Fuel issues were next, followed by concerns over high driver turn over and retention issues. At a cost of $4000-$8000 for driver recruiting and training it is an obvious concern.
Jim McCormack, owner of TruckerToTrucker.com is one of the many small businessmen that are attempting to assess the impact of this study on their livelihood. While the news that an increased demand for truck drivers probably means that there will be an accompanying increase in demand for trucks, parts and services is promising, it may not necessarily be the case. Other industry trends and economic news needs to be carefully monitored to determine the full impact of this forecast.
McCormack, whose Internet business specializes in introducing truck buyers and sellers on-line, as well as providing a source for trailers, parts and specialized trucking equipment reports that he has experienced phenomenal growth since launching business just four years ago and views this report as a possible harbinger of things to come. While he is optimistic and is in fact expanding his business to include construction equipment, he remains well-grounded and continues to insure that he is offering the same high value service that has resulted in steady growth. He reports that he has experienced a 35% increase in visitors to his site in just the last three months.
However, he states that it is hard to ignore the fact that the ATRI study reports the driver shortage by 2014 is expected to be over 110,000. Additionally, according to industry experts, driver compensation has increased to historic levels and in some cases companies have had to turn down freight transportation orders because of driver shortages.
The meaning of this information is clear. Independent truck drivers as well as company drivers should continue to be in demand with concomitant increases in benefits and compensation. This will in turn sustain and increase the demand for trucks, parts, services and equipment associated with the trucking industry and Jim McCormack feels that TruckerToTrucker.com.com is well positioned to provide the necessary sales, service and support.
Contact:
Jim McCormack
Trucker To Trucker LLC
800-240-5811
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