Diesel and Truck Driver Shortages Are Only the Latest in a “Highly Inefficient Transportation System”

 

The trucking industry is under consistent pressure from multiple fronts. On one end, news continues to spiral about a looming diesel shortage as prices remain high and U.S. diesel supplies reach their lowest since 2008, sparking panic and debate about when the U.S. would “run out” of diesel. On the other end, the trucking industry is still in desperate need of labor; the ATA’s most recent October report on truck driver shortages places projections at the “second highest level on record after 81,258 in 2021.”

Can these issues be viewed in a bubble, though, even just within the context of issues facing truckers? And do these issues speak to a larger deficiency that’s been plaguing the trucking industry for years? Myron Manuirirangi, the founder of Truckonomics, seems to think so. A long-time trucker himself, Manuirirangi says it’s time to give players in the larger transportation and logistics industry a wake-up call. Diesel shortages and truck driver shortages are only an update to existing problems with transportation industry operations, ones that have been on decision-makers radars for far too long.

Myron’s Thoughts

“My take on the looming diesel shortage and its compounding effect on an already worsening driver shortage and supply chain blockage? First, the diesel shortage is overstated. As I understand inventory supply is lower than normal, giving 25 days of diesel versus 35 to 40 days, which to me means there is no imminent supply threat.

Follow us on social media for the latest updates in B2B!

Latest

clean energy wind turbines
Clean Energy Sets $1.1 Trillion Record That’s Bound to Be Broken
January 26, 2023

(Bloomberg) — Last year was a double milestone for decarbonizing the world’s energy system. It was the first year when investment in the energy transition equaled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments of oil and gas, and […]

Read More
American Airlines airplane in terminal
American Airlines Sees Profit Above Estimates on Steady Demand
January 26, 2023

(Bloomberg) — American Airlines Group Inc. expects profit this year to exceed estimates following a slow start, as steady demand for air travel keeps an industry recovery going into 2023. Full-year adjusted earnings will be $2.50 to $3.50 a share, the Fort Worth, Texas-based carrier said in a statement Thursday that also detailed fourth-quarter results. […]

Read More
Chipotle workers making burrito
Chipotle Seeks to Hire 15,000 Workers Amid Tech Layoffs
January 26, 2023

(Bloomberg) — Chipotle Mexican Grill Inc. is adding 15,000 jobs across its North American locations — a sign that demand for restaurant food is robust despite high inflation and economic uncertainty. The burrito chain’s hiring push is meant to ensure its more than 3,000 US restaurants are fully staffed for the company’s busiest season, which […]

Read More