The presentations given at the Commercial Vehicle Outlook Conference on the economic outlook and industry health all showed that we are in for a period of steady growth. Freight is moving again. Most of the fundamentals are looking on the black side rather than the red side of the scale.
However, several speakers pointed out that the major issue facing this industry is a looming driver shortage. Go figure. With nearly 10 percent unemployment in this country, we have an employment sector that is looking at a supply/demand crisis in the next year with drivers.
That bodes well for anyone considering making the move to the honorable profession of truck driving. Low supply/high demand causes the price to go up. That is an unbreakable law of economics.
Driver recruiting and training should be the first priority for our elected officials. What’s that? You say they don’t have anyone in the government that knows anything about that subject? Has that ever stopped them before?
All in all, for the more than 350 people that attended the first of many Commercial Vehicle Outlook Conferences, everyone went away more optimistic and informed than when they entered the meeting room.
Tim Kraus is Executive Director of the Heavy Duty Manufacturers Association. Prior to joining HDMA, he served as director of sales and marketing at Triseal Corp. The Heavy Duty Manufacturers Association (HDMA) is the heavy duty market segment association of the Motor & Equipment Manufacturers Associations (MEMA). HDMA exclusively represents the interests and serves heavy duty product manufacturers.