The most polarizing term in trucking is the “driver shortage.”
To drivers, the term often gets them fired up and angry – it makes them feel as if they are a commodity.
The trucking industry is one of the most cyclical industries on the planet; it goes through booms and busts.
Until just a few weeks ago, the industry was dealing with a significant capacity shortage. This occurs when there aren’t enough trucks available for dispatch to match all of the freight in the market. In 2021, there was a massive capacity shortage. In the first half of 2018, there was a massive capacity shortage.
From the looks of things, we are headed for a capacity glut. In other words, there will be too many trucks available for dispatch compared to the total amount of freight available. In the last week, I have written twice about the industry’s pending capacity glut. (You can read those articles here and here.)
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