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re: Truck driver shortage getting worse, potentially will increase consumer prices
Posted on 7/1/18 at 9:10 pm to HailHailtoMichigan!
Posted on 7/1/18 at 9:10 pm to HailHailtoMichigan!
My brother in law works for a major IOC in the Permian. Says truckers hauling tankers there are making doctor salaries.
1
Posted on 7/1/18 at 9:11 pm to Robin Masters
It's not coming anytime soon. Machines break down. Just that alone is a huge obstacle to fully automated trucks.
Posted on 7/1/18 at 9:13 pm to cokebottleag
quote:
My brother in law works for a major IOC in the Permian. Says truckers hauling tankers there are making doctor salaries.
Yes. And drivers who own their trucks make considerably more than that with the right freight. I just haul refrigerated and gross at $228K. Other guys who haul more sensitive things make considerably more.
Posted on 7/1/18 at 9:17 pm to Suck Out West
There is a shortage of truckers because of drug testing. The moment insurance companies sign off on weed being ok, there will be no shortage of truckers
This has been the case for at least 25 years
This has been the case for at least 25 years
Posted on 7/1/18 at 9:20 pm to LSUBadger
quote:
The moment insurance companies sign off on weed being ok, there will be no shortage of truckers
Dont see that happening.
Posted on 7/1/18 at 9:24 pm to TigerDat
Hence the supply of truck drivers will continue to be an issue.
Weed legalization nationally and the insurance industry are going to have a reckoning one day. Libs On the state level are going to pressure carriers to exclude weed
Weed legalization nationally and the insurance industry are going to have a reckoning one day. Libs On the state level are going to pressure carriers to exclude weed
Posted on 7/1/18 at 9:27 pm to LSUBadger
quote:
There is a shortage of truckers because of drug testing. The moment insurance companies sign off on weed being ok, there will be no shortage of truckers
This has been the case for at least 25 years
Insurance companies aren't going to sign off on that. It's too much of a liability and a safety issue.
The biggest reason there's a shortage is because of stagnant pay for drivers. All other costs in the industry have gone up but driver pay is lagging behind.
The increased regulations and shitty treatment are also driving people away. Many see the pay flat lining and just don't think it's worth it anymore.
Posted on 7/1/18 at 9:41 pm to Suck Out West
quote:
Yes. And drivers who own their trucks make considerably more than that with the right freight. I just haul refrigerated and gross at $228K. Other guys who haul more sensitive things make considerably more.
What do you net?
Posted on 7/1/18 at 9:51 pm to wickowick
quote:Teamsters will still demand a 4 hour minimum to back it up to the dock at Chicago's McCormick Place Convention Center.
Self driving trucks will be here in less than 10 years
Posted on 7/1/18 at 9:53 pm to HailHailtoMichigan!
There is no shortage of truck drivers in Mississippi.
Posted on 7/1/18 at 10:19 pm to HailHailtoMichigan!
Also the new electronic logging requirements that just took effect, passed under Obama, are fricking ridiculous and will cause a massive hike in shipping rates and backlog due to truckers having to stop for 10 consecutive hours for rest.
Posted on 7/1/18 at 10:48 pm to HailHailtoMichigan!
It is bad right now. Worst I have ever seen in 22 years in my industry. Hire 10 a month and retain 2 after 3-4 months. Net gain of 8-10 over four months when we need 40. Everybody up and down the supply chain is in the same boat.
Posted on 7/1/18 at 11:12 pm to HailHailtoMichigan!
I’m a flatbed truck driver, 28 (millennial) and no there won’t be self driving trucks in 10 years. Maybe 25-30 years from now...
Even then, you’ll still need a driver inside the truck in case shite hits the fan.
I make around 75k a year, pay is on the up swing for sure.
Even then, you’ll still need a driver inside the truck in case shite hits the fan.
I make around 75k a year, pay is on the up swing for sure.
Posted on 7/1/18 at 11:15 pm to GetCocky11
I net about 55% after all expenses and taxes.
Posted on 7/1/18 at 11:17 pm to Salmon
quote:
You definitely need high levels of testosterone to sit behind the wheel of a truck all day. Definitely.
And if they continue to raise wages, they will become more competitive.
This is a non story.
Clearly you haven't seen "Over the Top"
Posted on 7/1/18 at 11:18 pm to HailHailtoMichigan!
"Increasing consumer pricing" is such an odd way to view the economy. Things should be worth what they are worth relative to other goods and services. This constantly changes.
Posted on 7/1/18 at 11:24 pm to HailHailtoMichigan!
(no message)
This post was edited on 8/14/19 at 1:14 am
Posted on 7/1/18 at 11:28 pm to Dick Leverage
quote:
It is bad right now. Worst I have ever seen in 22 years in my industry. Hire 10 a month and retain 2 after 3-4 months. Net gain of 8-10 over four months when we need 40. Everybody up and down the supply chain is in the same boat.
If you are unable to hire quality applicants and retain them there is one and only one reason, the pay is not adequate.
Pay one dollar an hour over roughneck wages and all the drivers one could ever need would be at the doorstep the next morning, how do you think the oilfield crews up so fast?
It is all about the money today, pensions are a thing of the past and 401k's are transferable meaning no more loyalty from either side, employers who do not grasp that will never keep good employees.
Posted on 7/1/18 at 11:41 pm to cave canem
quote:
Pay one dollar an hour over roughneck wages and all the drivers one could ever need would be at the doorstep the next morning, how do you think the oilfield crews up so fast?
Yup. And when oil prices are high, the value of a roughneck increases. When oil prices are low, it decreases. The trucking industry's inability to adapt to the laws of supply and demand is no one's fault except the trucking companies.
Posted on 7/1/18 at 11:55 pm to cave canem
quote:
If you are unable to hire quality applicants and retain them there is one and only one reason, the pay is not adequate. Pay one dollar an hour over roughneck wages and all the drivers one could ever need would be at the doorstep the next morning, how do you think the oilfield crews up so fast? It is all about the money today, pensions are a thing of the past and 401k's are transferable meaning no more loyalty from either side, employers who do not grasp that will never keep good employees.
There is a little bit more to it with drivers.
First of all, the industry operates by the mile and drivers get paid by the mile
. The work isn't hard (Flat bed can be a little bit), but it requires discipline and time management. Young people aren't good at either one.
Also, it requires a person to be away from home a lot, and problems with wives, girlfriends, kids eat at them.
When they get home, they want to stay there instead of getting back to work.
Then some, they just aren't focused, end up in an accident quickly, or get too many violations.
More pay, doesn't really fix those problems in fact, sometimes, it makes them worse.
When young undisciplined people have too much money in their pockets, they want to go spend it.
That's why the truck stops and casinos are so connected.
This post was edited on 7/1/18 at 11:59 pm
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