Fleets needing additional drivers will be constrained in their ability to hire and train prospects from the available labor pool, according to FTR Associates’ Driver Supply Update for May.
The report shows that while there are sufficient numbers of experienced drivers looking for work, the fleets have pared down their hiring and training departments so severely during the recent downturn that most will be challenged to process a sufficient number of drivers to fill previously parked trucks. FTR estimates that the industry’s hiring ability has been cut by 33%.
The Driver Supply Update consolidates and reports data affecting driver supply and is part of FTR’s Freight Focus Series, a new suite of data and business strategy-orientated publications. Also available in this series are the Trucking Update, Intermodal Update, Rail Update and soon to be launched Shippers Update.
For more details on each report, please contact FTR Associates at 888-988-1699 – Ext. 45.