Driver Shortage OR Job Shortage?

Topic 33412 | Page 1

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BK's Comment
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I heard a interview with the CEO and co-founder of Aurora, the company building tech for self driving, autonomous trucks. He claims that driverless trucks are necessary for one reason because of a driver shortage. However, it seems that the current problem is a shortage of jobs.

What is the real situation? Driver shortage OR job shortage? Or neither? Or both?

With about 20,000 ex-Yellow drivers now out of a job and looking for new jobs, how will that impact the driver market?

G-Town's Comment
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It’s a self serving proclamation. Of course he’s going to make a claim like that.

Davy A.'s Comment
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It's pretty clear as to the reality of it. We see it all around us. I think at least my work is learning how to deal with state of the freight markets and respond to it. They seem to be trying different things with us in response.

Some work for me, some don't. It's been very erratic schedules, very few pre plans, lots of sitting and lots of very strange loads, but they're doing what they can.

I saw a little info graphic that said for every 10 drivers there was only 6 loads. Way over capacity in trucks and drivers in both the spot market and contract.

BK's Comment
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So I just read that Yellow had about 7% of the LTL freight. But the LTL market is currently about 7% overserved. Then Yellow’s demise is somewhat of a “market correction”.

I still wonder how as many as 20,000 Yellow drivers will find new jobs.


Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier
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