(Adriana Belmonte – Yahoo Finance)
The labor market has continued getting tighter for many industries across the U.S. in the last few years. At the end of 2017, there was a shortage of 51,000 truck drivers. That number is expected to increase by the end of 2018.
Brian Fielkow, CEO of Jetco, a Houston, Texas-based transportation and logistics company, noted low truck driver pay despite the shortage of truck drivers in today’s economy.
“I saw an article maybe about a month ago that said the average over-the-road truck driver at a for-hire carrier makes about $48,000 a year, which is kind of an unbelievably low number,” Fielkow said on Yahoo Finance’s `Midday Movers. “Because when you look at the risk that these professional men and women take to deliver our goods and the amount of time away from home, we have to start with money.” Click here to read more.
- Truck Drivers’ Salaries Vary by Almost $20,000 Across the U.S. (Business Insider)
- Truck Driver Salaries Have Fallen by as Much as 50% Since the 1970s – and Experts Say a Little-Known Law Explains Why (Business Insider)
- U.S. Truck Driver Pay to Rise ‘More Than Normal’ in 2019 (Journal of Commerce)