Increasing driver shortage rates are predicted to continue if preventative measures are not taken. It is estimated that by 2021 there will be a shortage of 100,000 drivers in the industry. The shortage will continue to be a big challenge for fleet managers and shipping companies.
Driver shortage is impacting almost all industries. In the past, the industry average for on-time delivery was between 92%-96%. The current industry average for on-time delivery is between 85%-89%. This means that business efficiency and productivity is decreasing, leading to lost business and making driver retention even more critical.
Driver turnover has also become a huge issue having a negative impact on trucking industry companies. For every driver that leaves the company, it is estimated to cost up to $11,500 to replace a departing driver – making replacing a driver in a tight market not only difficult but expensive.
Each of these statistics demonstrates how the driver shortage and driver retention can harm your business. SuperVision has the tools and resources to help combat these obstacles for your trucking services.