2022 trucking labor shortage woes dampening, but likely to rear head in 2023

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With the trucking sector now short about 78,000 drivers, this is an improvement of approximately 4% to the 80,000-person estimate implied in 2021. Over the next ten years, the industry will need to replace drivers leaving the industry to the tune of 1.2 million individuals. It’s expected that the driver shortage pitfalls will increase the need for an additional 160,000 drivers by the year 2031.

American Trucking Associations Chief Economist Bob Costello spoke on the final day of the ATA Management Conference & Exhibition at the San Diego Convention Center. He advised that more than 90% of carriers increased pay for drivers, but the vacancies still remain - the second-largest amount of vacancies on record. The average truckload driver takes home about $69,000 including benefits and bonuses. This is an 18% increase compared to 2019.

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