According to the current Driver Labor Market Indicators Report published monthly by FTR Associates, the number of people available to be hired into the trucking industry fell slightly in June.
The reading was propelled by only a small number of people entering the workforce, with the limited growth confined primarily to the service-providing sector. The lower driver labor index alongside a steady freight demand index continues to create a driver shortage in the range of 140,000. While FTR Associates is now forecasting 2005 to end with the driver shortage shrinking to 60,000, monthly indicators continue to increase.
The Driver Labor Market Indicators report looks at supply and demand issues as well as how freight and broader labor markets all affect the pool of available drivers. The ability to put drivers in vehicles has a major impact on individual fleet and industry expansion plans.
FTR Associates, Nashville, Ind., collects and analyzes data likely to impact freight movement including specific characteristics for over 200 commodity groups.
For more information about FTR Associates, go to www.ftrassociates.net.
Pool of Available Drivers Shrinks Slightly in June
According to the current Driver Labor Market Indicators Report published monthly by FTR Associates, the number of people available to be hired into the trucking industry fell slightly in June
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