Our Blog

Trucking Companies Looking to Hire Young Drivers

Posted by Genie Wood on Fri, May 01, 2015 @ 09:27 AM

There is currently a national shortage of 35,000 truck drivers due to an aging workforce, stricter trucking regulations, and a lack of interest in the business from young people. The lack of interest from young persons is one of the largest problems facing the trucking industry, regardless of the projected 70 percent revenue increase predicted over the next decade.

Although the truck driving industry advertises an attractive starting salary of $35,000-$40,000, young people are still uninterested in pursuing careers as truck drivers. The commercial driver’s license director at Clark State Community College reported holding classes for only 9 to 12 students at a time.

The reasoning that most young people site for their lack of interest in truck driving is the long periods of time spent away from home. This is also a problem for current truck drivers who are leaving trucking companies for other occupations. Current drivers are also petitioning for higher pay, better benefits, and more time closer to home. Because of this, the turnover rate of truck drivers in 2014 was 90 percent.

Trucking companies are taking major steps to increase pay, improve benefits, and alter driving routes to keep their drivers closer to their homes. They are also fighting to lower the truck driving age, since most young adults are already involved in other professions by the time they're 21-23.

TBS Factoring Service has served trucking companies for over 50 years, helping them to grow their businesses and remain successful. With current job prospects suboptimal, it is important to keep business prospects in other areas lucrative. With our freight factoring, bookkeeping, and insurance services, TBS Factoring Service is capable of offering worthwhile financial assistance to independent trucking companies and truck drivers. Call (800) 207-7661 today for more information.  

Tags: TBS Factoring Service, freight factoring, Trucking Industry Concerns

ATRI Releases 10th Annual Survey of Trucking Industry Concerns

Posted by Genie Wood on Tue, Aug 19, 2014 @ 10:55 AM

The American Transportation Research Institute has issued its 10th annual survey of some of the greatest concerns in the trucking industry. This survey is released every year and trucking industry stakeholders are asked to rank some of the greatest areas of concerns within the industry. 

According to Philip Byrd Sr., chairman of American Trucking Associations, it is important to take these concerns into account now in order to address them and prepare for the future health of the industry. The American Trucking Associations commissioned the survey, and it is available to complete online by clicking here. The results of the survey will be announced at the American Trucking Associations' Management Conference and Exhibition in San Diego on October 4-7. 

Of all the difficulties facing drivers and trucking company owners, late payment, or non-payment, from clients is certainly one of the most challenging. Fortunately, the team of freight factoring specialists at TBS Factoring Service are here to provide you with the financial support you need to stay in operation. Learn more about our full range of services by calling us today at (800) 207-7661. 

Tags: TBS Factoring Service, freight factoring, Trucking Industry Concerns