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Freight Market Boom: Driver Shortage Causes Recruitment War
Description
The freight market is thriving, but its causing a driver shortage, leading to a recruitment war. Van and flatbed volumes are surging, but major carriers are struggling to retain drivers due to better pay and working conditions elsewhere. The transportation job market is booming, with over 4,000 new roles added in April 2022, the biggest spike in nearly three years. This shift in leverage is forcing companies to pay a premium to maintain their current headcount. The logistics industry must adapt to this new power dynamic to avoid being left behind.
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