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2021 Trucking Industry Outlook

What You Can Expect in the Coming Year

The 2021 year is being forecasted as a transitional year for the trucking industry. The economy and truck driver demand are expected to bounce back throughout 2021 from the negative impacts the pandemic and have an upward trend going into the 2022 year. Anyone looking to become a professional truck driver should strongly consider starting your training as we move toward 2021!

Economic Rebound

Even though the economy took a hit in 2020, the need for truckers hauling freight is still high. E-commerce and online shopping sales have never been higher, and they are only expected to increase in the coming years. This means America will continue to need drivers to move more and more freight. FTR Transportation Intelligence forecasts that truck freight will grow 6% in 2021, which should be considered strong growth when looking at year-over-year comparisons.

The trucking industry will need to hire more drivers to meet the growing freight demands. Currently, the trucking industry has a shortage of drivers. Unfortunately, if this trend continues, the trucking industry could have a shortage of over 100,000 drivers by 2023. Even though this number is high, it is good news for new drivers. New drivers will have a variety of jobs to choose from after obtaining their CDL.

Increase Pay Rates

Another reason to get a career in the trucking industry is the increased pay rates that companies are currently implementing to beginner drivers. Spot rates are increasing compared to earlier in 2020 due to the high demand. Drivers are seeing new rates that are much more incentivizing to them. The average salary for a truck driver right now is between $55,000-$60,000 with an entry-level driver making between $40,000-$50,000. The more experience drivers gain, the more their pay can increase. Pay rates can also increase with different certifications and licenses, such as hazmat or oversized loads.

Fast Training

Fortunately, CDL training does not take long, meaning individuals who want to obtain their CDL can be driving into their new career in as little as 4 weeks. Truck driving does not require years of training and learning like other careers, so students can get out and start making money quickly.

The trucking industry is always changing, so more forecasts and insights may become available as we get closer to 2021. But right now, a job in the trucking industry could give you a long successful career! If you would like to get your CDL and start your trucking career, contact DriveCo CDL Learning Center today and see which campus is closest to you!