FTR: Driver supply held back by drop-off in hiring
According to FTR Associates’ Driver Supply Update for May, fleets needing truck drivers will be constrained by their own ability to hire and train candidates from the available labor pool
May 25, 2010
According to FTR Associates’Driver Supply Update for May, fleets needing truck drivers will be constrained by their own ability to hire and train candidates from the available labor pool.
The report shows that “while there are sufficient numbers of experienced drivers looking for work, fleets have pared down their hiring and training departments so severely during the recent downturn that most will be challenged to process a sufficient number of drivers to fill previously parked trucks.”
FTR estimates trucking’s overall ability to hire drivers has been cut by one-third.
The forecasting firm noted that its Driver Supply Update consolidates and reports data affecting driver supply and is part of FTR’s Freight Focus Series, a new suite of data and business strategy-orientated publications. Also available in this series are the Trucking Update, Intermodal Update, Rail Update and a soon to be launched Shippers Update. For more details on each report, contact FTR Associates at 888-988-1699, ext. 45.
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