2022 Forecast for the Trucking Industry and the Safety Implications of More Large Trucks on the Road
As backlogged supply chains generate shortages in materials and parts, demand for moving freight across the U.S. is high. From retailers keeping shelves stocked to manufacturers sourcing raw materials, businesses are currently paying a premium to get products where they need to go. Rather than shipping goods by train, which is more fuel-efficient and economical, companies are “booking trucks on the spot.” As a result, large truck capacity is tight and expected to remain so through 2022. Adding to the situation are e-commerce sales, truck equipment shortages, and a struggling labor market. Finding enough drivers to meet demand has been difficult for already under-pressure trucking companies. Rising freight volume translates to an increase in the number of large trucks on