Trends within the trucking industry are continually shifting with time. Here are 2019’s top new trucking trends.
Top Trucking Trends 2019
1. Continuation of Truck Driver Shortage
The trucking industry has been experiencing a truck driver shortage for the past several years – and will continue to throughout 2019. According to the American Trucking Association, the US will be short 175,000 truck drivers by 2026. ATA says more than 70 percent of goods consumed in the U.S. is moved by truck. To meet the growing demand, the industry would need to hire close to one million drivers.
2. The Increase of Truck Driver Pay
Over the last few years, companies have been paying truck drivers more than ever. Trucking companies had begun to increase wages hoping to close the gap for driver supply and demand. With this, trucking companies hope this overall increase of truck driver pay will appeal to younger drivers. The average American truck driver is 45 years old.
3. The Implementation of New Technology
Technology is constantly being incorporated into our lives, our jobs and our society and trucking is no exception.
Truckers rely heavily on dashboard cameras to ensure the safety of themselves, their goods and other drivers on the road. In addition to providing better on-road safety, it also saves owner-operators and trucking alike money when it comes to insurance claims.
Electronic logging devices have also created waves in the trucking community. By law, truck drivers must have an ELD in their semi to monitor their drive time, speed and work hours. While this technology has given trucking companies better insight into what their drivers are doing at all hours of their day, it also has sparked outrage.
ELDs and cameras are two hot trucking trends you will hear a lot of in the year to come.
4. Autonomous Trucks
Autonomous vehicles have been on everyone’s mind for the last decade, but in 2019, driverless cars and trucks are coming onto the consumer market. Autonomous trucks have been created and adopted by companies like Uber with the goal of increasing speed and effectiveness while enhancing safety and decreasing the driver shortage by removing drivers entirely.
Despite all of the money and research going into self-driving trucks, there are still questions and concerns that need to be answered regarding the safety of this technology. While this trend is definitely on the minds of many, it is still too early to tell if truck driver jobs will be in danger due to vehicle autonomy.
5. Factoring for Truck Drivers
Trucking invoice factoring is the hot funding trend of 2019 for those in the transportation industry. Also known as accounts receivable factoring, invoice factoring is a simple funding solution used by many drivers to bridge the gap between load payments, acquire fuel cards and fuel advances and balance uneven cash flow.
By utilizing invoice factoring, you reap many benefits like has many benefits such as easy approval, fast funding, unbelievably low rates and no contracts.
Factoring can be even more simple with our help. It can take weeks to find a factoring company that provides the services you want. We can find you the perfect factoring company for your business in minutes!