Before the COVID-19 Pandemic, many companies were faced with a shortage of CDL drivers. With layoffs and unemployment at a record high, it is logical to think that there would be a lot more people stepping in to fill the truck driver shortage. However, going into 2021 that is not the case and the industry is still hurting for drivers.
After unprecedented gains in 2020, which were overshadowed by COVID-19, many in the trucking industry are excited about the outlook for 2021. The trucking industry expects to see an increase in sectors such as final-mile delivery, contracting, home improvement, and overall E-commerce. The American Trucking Associations, Chief Economist Bob Costello says, “I think freight will remain decent in 2021. On the good side, the vaccine will help return to ‘normal,’ which means sectors that are currently hurting like services and manufacturing can bounce back”. This is great news for an industry that at the start of this pandemic in 2020 saw sales of Class 8 trucks fall by 24.3% in the first quarter, and 51.2% in the second quarter.
The National Tank Truck Carriers (NTTC) recently teamed up with other trucking leaders to discuss concerns of the Biden-Harris U.S. Department of Transportation (DOT) team. The virtual meeting included Presidents and CEO’s of trucking federations across the United States.
How many of us started today thinking it was Monday? It is Tuesday and here is some Trucking News
Since reaching the middle of May, without surprise the past two months have been extremely challenging during the 2020 pandemic. With multiple industries across the board being affected, businesses everywhere are seeking relief. The trucking industry has been no stranger to hard times, and the past two months have just added to the struggle. However, there may be some light at the end of the tunnel. As the country prepares to reopen, congress has a bipartisan opportunity through an infrastructure bill.