The Future of Trucking

Often referred to as the backbone of America’s economy, the trucking industry still prevails, and the forecast predicts a strong future. Of course, overcoming challenges and hurdles is just a part of the game, as with any industry. Since the pandemic that began in 2020 is still affecting everything from worker shortage to the supply chain, the trucking industry continues to find solutions to problems.

Even when businesses were closed because of COVID-19, truckers continued to make deliveries–finding workarounds to the lack of motels, public restrooms, and restaurants, as well as taking on extra deliveries in an effort to make up for the driver shortage. By having the attitude of “How can I?” rather than “I can’t,” store shelves continued to be restocked, medical supplies were consistently delivered, and consumers have continued to receive deliveries on their doorstep.

Without question, the shortages and delays over the past 18 months have affected everyone at some level and has opened the eyes of many as to how important the trucking industry is. However, despite challenges, the trucking industry continues to evolve with the new technology–and regulations. So, what exactly does the future of trucking look like? Keep reading to find out.

Driver Shortage Prompts Increased Pay and Benefits

According to Bob Costello, Chief Economist of the American Trucking Association, the driver shortage is at its highest of 80,000 and is predicted to surpass 160,000 by 2030. While the lack of qualified truck drivers has steadily grown for the past several years, recent events like the pandemic, driver pay rate decreases in 2019, a growing number of new businesses, and increased freight demand all mean that companies are working diligently to attract new drivers.

In order to acquire new truckers, these companies are expanding their marketing strategies to appeal to younger people, women, veterans, and minorities. Costello reports that “the industry is raising pay at five times the historic average.” However, that is just the tip of the iceberg. In an effort to make a career in truck driving appealing to a more diverse group of people, these businesses are also offering more benefits, revamping schedules that promote a healthier work-life balance, as well as making truck driver training affordable and more accessible.

Keeping Up with Logistics and Technology Trends

To keep up with consumer demands, the industry must continue adopting advanced technology at a faster rate than ever before. This technology not only makes it easier for truckers to find the best delivery routes, it also gives them real-time updates on weather and road conditions, as well as offer tools for TMS (transportation management systems) for easier delivery tracking, improved customer satisfaction, and carrier management.

Additionally, with the use of AI software, logistics services can easily make adjustments to accommodate supply chain demands, reduce human error, manage and plan warehouse processes, and pinpoint spot trends, all of which makes it easier to prevent traffic congestion, reduce risk, product delays, and manage assets.

eCommerce Depends on the Trucking Industry

In recent years, our world has shifted to one where people prefer to shop online rather than in stores. As such, the eCommerce industry continues to experience tremendous growth. In fact, it has become one of the most successful industries today due to the wide variety of products available. However, the eCommerce industry cannot operate effectively without the trucking industry.

Being largely dependent on truckers for the transportation of goods from point A to point B, the growth and improvements among eCommerce businesses will likely lead to more improvements within the trucking industry to meet consumer demands. This growth is good news for eCommerce and trucking alike, giving way for new technology to aid faster, more trackable deliveries.

Environmental Regulations and Increased Focus on Electric Vehicles

In August 2021, the EPA stated their plans to enforce a series of new rules that will focus on reducing the harmful air pollutants and greenhouse gas emissions caused by heavy-duty trucks. The first law is scheduled to be finalized in 2022, which will affect all new large trucks manufactured in 2027. These new standards will focus on substantially reducing oil usage, Co2 emissions, and fuel costs.

With new regulations in mind, the use of electric vehicles (EVs) has become increasingly popular. Besides the fact that EVs are better for the environment, rising fuel costs, EPA regulations, and pressure from investors, shareholders, and the public all mean that transitioning to electric vehicles is crucial for future growth.

According to the Environmental Defense Fund, several fleet companies across America have plans to purchase electric medium and heavy-duty trucks over the next few years. In fact, the use of specialty trucks and electric terminal tractorsare already being used by companies like TCI.

Let the Experts Help You

The future of trucking consists of a mixed bag of positives and negatives. From the driver shortage, supply chain challenges, rising fuel costs, and impending environmental EPA regulations, the year 2022 and beyond will bring about many changes. However, the opportunity for growth is undeniable and there is great potential for the industry to make improvements that will benefit the environment and people alike.

As a leader in the trucking industry, TCI Transportation is proud to report on the changes that are sure to come throughout the new year and beyond. Founded in 1978, TCI has grown to house 15 locations and offer a wide variety of services including specialized equipment, truckload transportation logistics, intermodal and brokerage services, with a fleet of more than 2,000 trucks. We’re also constantly striving to implement the most advanced technologies available.