The CEO of Overland Park, Kan.-based YRC Worldwide Inc. said during a speech that the trucking industry badly needs drivers, new equipment, more technology, less regulation and a fuel tax. James Welch also said freight movers — whether they drive trucks, fly planes or captain ships — should benefit from an improving U.S. economy.
More business, however, means added strains on the network that delivers supplies and goods at every stage of commerce. And Welch points out that a truck gets involved at some point in every operation’s supply chain. The nation needs more than 96,000 new drivers a year for the next decade, he said, but recruiting is getting more difficult. The industry has to look at 12 applicants to find one person it can train or who is qualified to put in a cab.