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2023 projected to be a 'good year' for the trucking industry

The trucking industry is an essential cog in the economy, hauling goods across states and countries and keeping store shelves stocked with items of all kinds. However, the last few years have seen significant changes in the industry, with new technology being implemented and the number of drivers projected to decline. With the future uncertain, let's take a look at what has been said about trucking next year in 2023.

For starters, North America’s economies are projected to remain resilient even in the face of continued pandemic-related headwinds. The E-commerce market is expected to continue growing rapidly as well; with more online orders for delivery across different states and countries, there will be an increased demand for truckers in order to meet these needs. Additionally, 2019 marked the start of automation of shipping centers and warehouses.

With the ongoing pandemic continuing to impact the global economy, many industries have been challenged to shift and adapt in order to stay afloat. The trucking industry is no exception. In 2023, we can expect to see the increasing trend of remote or online-based employment opportunities for truckers, as well as a greater emphasis on using technology to streamline the freight transportation process. With technology such as predictive analytics becoming more commonplace, companies should be able to predict changes in demand and make adjustments in their labor force accordingly. We can also expect tighter regulations and stricter requirements when it comes to driver safety, including stricter enforcement of log book rules and hours of service limits. These measures are already being implemented by some states, and could be rolled out in other areas next year.

Finally, consolidation among smaller, regional carriers is likely to continue in 2023 due to rising costs for fuel and equipment. Though these factors may present some challenges for the industry, overall this means that businesses across all sectors will benefit from better logistics planning and improved freight pricing with more competition among larger companies.

Although some trucking companies suffered during the pandemic of 2021, most operators anticipate a rebound in the coming year. For example, there is likely to be increased demand for shipping services due to improved economic conditions. Furthermore, freight carriers are expecting fewer delays thanks to higher emphasis on safety procedures since last year. On top of that, hiring trends point towards an increase of 10% or more in truckers over the next 12 months. Overall projections for 2023 suggest that there will be an increase in total jobs for truck drivers, however more than half of those jobs are expected to be part-time rather than full-time positions. Innovation such as autonomous vehicle technology means that some parts of a driver's job can potentially be automated, such as navigating through city streets and highways.

Certain roles however will still require human expertise; most notably durable goods transportation like food and petroleum products may still need actual operators since those materials can spoil if not transported correctly. Additionally, self-driving trucks will likely be limited on American roads for now due to regulatory obstacles and public perception hurdles - meaning that demand for truck drivers are projected to remain steady over time even with advancements in tech nonetheless potential disruption in certain sectors can not go unmentioned or ignored as a place significant emphasis must be placed on safety and accountability when it comes to applying this innovation into society.

This could lead to further job opportunities but these projections right now are far from certain until things begin occurring physically on the ground. On a positive note many workers can look forward to increases in wages (as well as health benefits) due increased competition in a lucrative business where an experienced hire is valued highly amongst its peers within companies or private operations.

With all these factors taken into account, 2023 looks to be a promising year for the trucking industry. Companies are optimistic about increasing profits as demand for their services grows and infrastructures become more efficient. Moreover, with improved safety protocols in place and driver shortages being addressed across the nation, drivers should anticipate better working conditions over the next few years as well. All in all, it seems like 2023 will be a great year for anyone involved in the trucking industry!

Want to learn about hiring a new driver? check out our other blog How to Hire an Independent Box Truck or Cargo Van Delivery Driver for Your Business.


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