Energy Boom Intensifies Trucker Shortage
Challenge: Energy Boom Intensifies Trucker Shortage - Rising demand for drivers in the energy sector is exacerbating a perennial challenge for the trucking industry: hiring and retaining qualified employees. The movement of crude oil by truck has increased significantly in the US during recent years as producers have tapped into shale formations in Texas and North Dakota. The trend has amplified demand for drivers, particularly those licensed to transport oil and chemicals, creating additional competition among trucking companies. Working conditions that include long hours and time away from family make it difficult to attract new workers to the industry, which currently faces the additional challenge of a large portion of its workforce reaching retirement age. Industry Impact - Trucking companies outside the energy sector may have to raise wages or offer other benefits to effectively compete for drivers.