Nearly 70 percent of the freight shipped throughout the United States travels by truck at some point in its journey. Understanding how the trucking industry is performing and where it is forecast to go can make a big difference for trucking companies and those who use them for their shipping needs. Planning is vital for the industry's continued success and it is also valuable to be able to anticipate changes and challenges so strategies to address and combat them can be developed. In order to better understand the trucking industry forecast and expectations for 2018, information and opinions from experts have been consolidated here. That provides a breakdown of what to expect in the coming months and throughout the next year.
With driver capacity being a top issue in the trucking industry, carriers are investing in recruiting techniques to employ and retain drivers. In a brief interview, Freight Transportation Research Associates’ Managing Director & Senior Consultant Noel Perry explained that over the past three or four years, the industry experienced a driver shortage of 150,000, but that number has drastically increased, and will continue to do so, in the upcoming years. “Now we are at somewhere around 220,000 and we’ll stay in that neighborhood for another year and then it gets much worse.”