For the third year in a row, the trucking industry says that the nation’s economy is their top concern.
The American Transportation Research Institute recently released its 21st annual Top Industry Issues report that identifies the trucking industry’s leading issues. This year’s list includes the economy, lawsuit abuse reform, insurance cost and availability, and truck parking. The list also debuts four first-time issues including English language proficiency for drivers and artificial intelligence in trucking.
“We’re in the third year of this extended freight recession and the pain is real,” said Andy Owens, A&M Transport president. “Operating costs climbed to their highest ever at the same time that freight pricing has bottomed out. ATRI’s annual analysis is so critical for our industry to not only quantify the issues, but more importantly, to understand what we can collectively do as an industry to address each.”
While the economy retained its No. 1 spot, lawsuit abuse reform and insurance cost and availability each rose one spot, to be the No. 2 and No. 3 top concerns, respectively. The lack of available truck parking dropped two spots this year to fourth and driver compensation held on to its fifth position.
Driver training standard had been on the list of truck driver concerns since 2019, but this year garnered enough votes across all respondents to become the No. 9 overall top concern. Among truck driver respondents, it was seventh.
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Tags: economy, shutdown, Small Business, truckers, trucking industry
