Skip to content
Search AI Powered

Latest Stories

Truck driver shortage eased in 2023 in Europe and the U.S.

But IRU report predicts global shortage will double by 2028 as age gap widens

IRU Screen Shot 2023-11-20 at 11.12.20 AM.jpg

A global truck driver shortage is expected to double by 2028 as age and gender gaps continue to grow ever wider, with only 12% of drivers aged below 25 and just 6% being women, according to a report from Geneva, Switzerland-based International Road Transport Union (IRU).

IRU found that truck driver shortages increased globally in 2023, with two notable exceptions: shortages eased slightly in 2023 in Europe and the United States, due to softer transport demand as a result of inflation and tighter monetary policy limiting consumption and investment.


Without action to attract and retain drivers, over 7 million truck driver positions could be unfilled by 2028 in the surveyed countries, including 4.9 million in China (20% of total positions), 745,000 in Europe (17% of total positions), and 200,000 in Türkiye (28% of total positions). The results came from a survey of over 4,700 trucking companies in the Americas, Asia, and Europe, representing 72% of global GDP.

The condition is already impacting businesses, as at least 50% of road transport operators said they have serious problems hiring skilled drivers, in most countries studied. Many are also unable to expand their business and are losing existing clients and revenues.

“The structural issues behind truck driver shortages are continuing to impact transport services. With the rate of newcomers being significantly lower than drivers retiring every year, urgent action is needed now,” IRU Secretary General Umberto de Pretto said in a release.

“The consequences of such a shortage are already harming the communities, supply chains, and economies that depend on our industry. We cannot allow driver shortages to get any worse. Operators are doing their part, but governments and authorities need to increase efforts to improve working conditions and access to the profession,” de Pretto said.

To address the gulf, governments need to facilitate access to the profession by lowering the minimum driving age and by subsidizing qualification costs, IRU said. That’s because the “school-to-wheel” gap is a key challenge facing the industry, with the minimum driving age for international freight transport stuck between 21 and 26 in some countries. Also, high training, license, and insurance costs make it expensive to become a truck driver, the study said.

 


 
 

Recent

More Stories

A photo of brown paper packages tied up with shiny red ribbons.

SMEs hopeful ahead of holiday peak

Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.

That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.

Keep ReadingShow less

Featured

screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less
holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less
chart of sectors leasing warehouse space

3PLs claim growing share of large industrial leases, CBRE says

Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.

Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.

Keep ReadingShow less
chart of global supply chain capacity

Suppliers report spare capacity for fourth straight month

Factory demand weakened across global economies in October, resulting in one of the highest levels of spare capacity at suppliers in over a year, according to a report from the New Jersey-based procurement and supply chain solutions provider GEP.

That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.

Keep ReadingShow less