Overdrive Radio

The 'driver shortage' is dead? And: Inside the broker-carrier scrum at last week's summit


Listen Later

"The driver shortage is dead, long live the driver shortage."
That’s sort of the message you might get digging into a recent truck driver compensation study and the "driver shortage" narrative’s longest proponent’s response to it. That compensation study was conducted by the National Academies of Sciences, Engineering and Medicine at the request of FMCSA. FMCSA itself was tasked to commission the study by Congress in the 2021 Infrastrucutre Investment and Jobs Act, the early Biden-era highway infrastructure legislation. The report examined truck driver compensation and compensation methods and their impacts on retention and safety, and along the way called the American Trucking Associations’ and others’ long-posited notion of a driver shortage "spurious." Fundamental labor economics principles cast doubt on what the ATA has long held out as persistent shortages, as reported Friday by Overdrive News Editor Matt Cole: https://www.overdriveonline.com/regulations/article/15706801/does-trucking-have-a-driver-shortage
ATA, though, dug in its heels in response, noting in Cole's reporting that the NAS study report's authors “fail to account for several important points and distinctions that are critical to understanding the market for professional truck drivers.”
Of course, plenty others around trucking, including Overdrive's own reporting back in early 2016, have cast doubts around persistent shortages similar to those in the National Academies' study. The Owner-Operator Independent Drivers Association in particular has long-pointed to high turnover rates in truckload as a kind of bellwether statistic that belied any existence of a true "shortage."
Today on the podcast, Cole’s conversation about the conclusions with OOIDA President Todd Spencer, who reiterated the association’s long-held view about persistent driver shortages now underscored.
On the driver-retention front, Spencer felt putting real value on a driver’s time, furthermore, could well be the single biggest improvement truckload carriers could make to build a base of longer-tenured pros over-the-road where delay at shipper or receiver docks or via an on-highway emergency "certainly isn't predictable," he said. "You can't plan for it and again the common thread with detention time is that the prevailing rate for that is zero" dollars.
Our own Executive Editor Alex Lockie, too, joins the podcast to break down last week's Broker-Carrier Summit conference in Texas, where fraud prevention in brokered-freight markets was front and center. Also, too, plenty subjects that played directly to carriers in attendance, offering insights into opportunities that just don’t exist for brokers, as it were.
As Lockie quipped, "Carriers ... had this lab on how to land direct feright, which is essentially how to cut brokers out of your life. Of course, you could not have a panel on how brokers could cut out carriers."
More of Lockie's dry sense of humor here, likewise a highlight moment near the end of a fraud-prevention panel discussion with with Anchor Reliable Transport’s Brian Woodring.
As mentioned in the podcast:
**Owner-operator Ilya Denisenko's thoughts on value in the BCS event: https://www.overdriveonline.com/overdrive-radio/podcast/15684505/sweetness-of-low-price-v-the-sour-of-bad-service
**Lockie's reporting on changes to Carrier411's FreightGuard system: https://www.overdriveonline.com/business/article/15705912/carrier411-makes-big-changes-to-its-freightguard-carrier-reports
**Email contact for the Truckstop load board's look into potentially building a broker-vetting service for carriers: [email protected]
...more
View all episodesView all episodes
Download on the App Store

Overdrive RadioBy Overdrive

  • 3.8
  • 3.8
  • 3.8
  • 3.8
  • 3.8

3.8

27 ratings


More shows like Overdrive Radio

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,030 Listeners

THE SAVAGE NATION by Michael Savage

THE SAVAGE NATION

12,040 Listeners

Red Eye Radio by Cumulus Podcast Network

Red Eye Radio

1,268 Listeners

The Way I Heard It with Mike Rowe by The Way I Heard It with Mike Rowe

The Way I Heard It with Mike Rowe

41,168 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,418 Listeners

20/20 by ABC News

20/20

11,793 Listeners

48 Hours by CBS News

48 Hours

10,774 Listeners

Crime Junkie by Audiochuck

Crime Junkie

369,072 Listeners

Dateline NBC by NBC News

Dateline NBC

47,413 Listeners

The Dr. John Delony Show by Ramsey Network

The Dr. John Delony Show

7,536 Listeners

Dark Downeast by Audiochuck

Dark Downeast

4,445 Listeners

FreightWaves NOW by FreightWaves

FreightWaves NOW

2 Listeners

Trucking Business & Beyond by Kevin Rutherford

Trucking Business & Beyond

37 Listeners

The Oakley Podcast by Oakley Trucking

The Oakley Podcast

70 Listeners

Trucking Technology & Efficiency by Kevin Rutherford

Trucking Technology & Efficiency

4 Listeners