Top Trucking Trends for Truckers
2021 has been a tumultuous year for the trucking industry. With so many changes going on in the industry, here are some of the top changes that are transforming the trucking industry in 2021 and how it will affect the future of this lucrative market in the coming years.
1. Paperless Tax Filing and Operations
Owing to the ongoing situation truckers and trucking companies are adopting a digital approach to filing their 2290 online and maintaining proper records. This trend will continue to dominate over the next few years, as many companies gear up to go completely paperless.
e-Filing of tax returns is proving to be much safer and simpler, allowing truckers to file their returns and receive their IRS stamped Form 2290 schedule 1 in a matter of minutes rather than days without having to worry about their health.
2. Driver shortage will continue
The impact of the global pandemic has resulted in an abrupt halt in operations in the transportation segment. With less number of CDL issuance and few drivers being trained, driver shortage will continue to impact the industry in a major way.
Compared to 2020, trucker pay is still down by 3.5% (2) which is further contributing to driver shortage across the country, although demand for truckers is at an all time high as America looks to truckers for transportation of goods during the pandemic.
3. Surge in eCommerce
Online shopping has seen a major increase after the onset of the pandemic, with retailers turning to eCommerce platforms to sell their products. As consumers rely on eCommerce platforms to purchase goods, demand for truckers and trucking contracts are at an all-time high.
4. Change in Government regulations
Biden’s administration is expected to refresh transportation policies in 2021 and upcoming years.The Democrat-controlled Congress will reshape trucking regulations and has put the employee classification law under the FLSA on hold.
5. Automatic emergency braking: Likely
Leading automakers have agreed to implement automatic emergency braking (AEB) standards by September 1st, 2022 for new medium- and heavy-duty trucks as part of an infrastructure bill by the DOT.(1)
Trucks with gross weights between 8,501 and 10,000 pounds will be equipped with automatic emergency braking by September 1st, 2025, three years after the first deal comes into effect.
6. Truck Production Sites are Changing
Trucking companies are shifting to new locations for ease of production and operation to better meet the market demands. Ohio, Illinois and Texas are becoming the preferred locations for dry vans whereas California and Illinois are the preferred locations for reefers.
7. Fuel Prices Climb
Fuel hike has been a cause of concern for truckers and trucking operating within the trucking industry. Although options like alternative fuel trucks and electric rigs help compensate the issue, it will take more time for its mainstream adoption.
However, it has been predicted that America’s oil production will help curb the diesel and gasoline fuel prices in the future.
There’s no doubt that trucking is a major driving force in boosting America’s economy. As the world struggles to get back on track to life-as-usual, truckers and trucking businesses continue to brace themselves for positive economic growth abreast of the looming pandemic.