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Why aren’t we getting more truck drivers?

Government data suggests that driver hiring has screeched to a halt. If the end of generous unemployment benefits doesn’t work, what will? Perhaps the market's challenge isn't really the total number of drivers anyway.


Enjoy this excerpt from our exclusive analysis produced for our SOF INSIGHTS publication - available to premium subscriber clients. Learn about becoming a subscribing client to our transportation intelligence services.


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Transportation Update | June 2021

Headlines

Rebound in auto output key to May’s strength in industrial production and manufacturing output.
• Retail sales fade slightly in May after two stimulus-fueled months of record spending.
• Housing starts stabilize with a small gain after three months of volatile activity.
• General freight truckload Producer Price Index posts its strongest gain ever in May.
• Rail carload rebounds to pre-holiday volume but intermodal still lags.

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Transportation Update | May 2021

Headlines

• U.S. economy sees a disappointingly small gain of 266,000 jobs in April. 
• ISM manufacturing index pulls back a bit on production, employment challenges.
• April soars past March’s record in grants of operating authority for new trucking firms.
• Truck spot market sets volume and rate records.
• Intermodal and rail carload volumes were little changed in the latest week.


Exclusive analysis from our SOF INSIGHTS publication - available to premium subscriber clients. Learn about subscribing to our monthly Trucking Update or Shippers Update intelligence services.


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Drivers Are Now the Key Unknown for 2021

A sharp improvement in the pandemic, surging vaccinations, and overwhelming stimulus have removed much of the uncertainty surrounding freight demand. The real truck freight market question for 2020 is how fast drivers will return.


Exclusive analysis from our SOF INSIGHTS publication - available to premium subscriber clients. Learn about subscribing to our monthly Trucking Update intelligence service.


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