Next week Pittsburgh Pennsylvania welcomes the National Truck Driving Championships (NTDC). The competition is each year by the American Trucking Association (ATA) and is slated to take place 8/14-8/17 at the David L. Lawrence Convention Center. As stated by the ATA, this long standing competition “has a long history – dating back to 1937 when it was known as the National Truck Roadeo”.
Trucking companies across the country have experienced a rough first half of 2019. Coming off a profitable and robust 2018, the transportation industry has taken a one step forward, two steps back, which is causing many trucking companies to shutter their doors and leave thousands of drivers unemployed. There are many factors that have led to a shaky 2019 for trucking. Let’s take a look at a few.
Within the last year, we have witnessed very tight truck capacity. Shippers have engaged the Spot Market to find scarce capacity at budget straining prices. The absence of transparency in the market, along with sourcing and pricing, also results in a lack of operational flexibility which leads new market opportunity service failure. With the technology we have in 2019, this attracts new market opportunity unlocking potential for real-time freight.
This week things are shifting in the E Commerce world where FedEx has decided not to renew its U.S. air delivery contract with Amazon. E Commerce is expected to grow from 50 – 100 million packages a day in the United States by 2026.
The American Trucking Associations (ATA) estimated that there are roughly 500,000 over-the-road for-hire truckload drivers in the U.S. The ATA also estimated that segment of the industry is currently over 50,000 drivers short, and that number is projected to balloon as high as 175,000 by 2026.