Final Thought

G.O.A.T

We tend to categorize, label and rank everything around us. Being human is to analyze and keep records of the best, the worst, the most, and the least, to assign order to all things.

Superlatives sell. That is why you see billboards for the biggest steak, the highest rollercoaster, and the fastest car. Later this summer, millions will tune in as the Olympic Games deliver some of the most impressive superlatives in the world. Athletes will earn titles like fastest runner, strongest weightlifter, highest jumper, best gymnast.

In trucking, I’ve seen another superlative making recent headlines, declaring the driver shortage is the worst it’s ever been. In July 2019, months before the global pandemic, American Trucking Associations released numbers on the shortage, urging the industry to hire 1.1 million new drivers over the next decade, an average of 110,000 drivers each year.

American Trucking Association’s’ Chief Economist Bob Costello cautioned, “The increase in the driver’s shortage should be a warning to carriers, shippers and policy makers because if conditions don’t change substantively, our industry could be short just over 100,000 drivers in five years and 160,000 drivers in 2028.”

Of course, conditions did change substantively, and not necessarily for the better. The sequence of events you know by now. The pandemic strained the trucking’s workforce by making a difficult job more difficult, and many near retirement used the opportunity to make an early exit.

At the same time, the risk of the virus compelled large parts of the population to stay home and shift their spending from services to goods. Service sector employers furloughed and laid off workers to compensate for lower demand. Government assistance helped citizens keep spending and buying products to balance the economic crisis hovering behind the public health crisis. When vaccines arrived, demand for services returned, but the employees to do the serving were gone. Restaurants couldn’t staff their dining rooms. Flights were canceled without enough people to operate commercial airlines.

Normally the trucking industry has high turnover and workforce competition from each other and from all of the other trade industries like construction and manufacturing.

But now, carriers are competing with literally everyone. “Now Hiring” signs are hanging in all the windows. Standing interviews, sign on and referral bonuses are rampant among all employers. These challenging circumstances seem to warrant the title – the greatest of all time.

Call me optimistic, but relatively, it is a good problem to have: to be wanted and in demand. Even though the driver shortage is demonstrably the worst it’s ever been, it’s not the worst challenge to face.

Trucking companies know what it’s like to operate with a labor shortage. This industry links America to all the things it needs. The cargo may change, but the necessity doesn’t. For other employers, they may be learning for the first time how to manage and industry wide talent deficit. But we have been there. We have done this.

Even if this is the greatest challenge of all time, I still trust trucking to deliver. Our track record is superlative.

Shannon Newton, President Arkansas Trucking Association

*Reprinted with permission from Arkansas Trucking Report, Vol. 26/Issue 3 2021