Labor Shortages Impacting Fleet Operations and Suppliers

The 116th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.

🎙Today's topics include:

• Labor shortages are occurring in many industries that support the fleet market, ranging from vehicle transport companies that are coping with an ongoing driver shortage, to national account fleet service providers who are struggling to recruit and retain qualified technicians.
• These pandemic-induced labor shortages in the fleet industry extend deep into many fleet service provider organizations. Fleet managers complain of longer vehicle turnaround due to staffing issues at maintenance and collision repair shops.
• There is also a massive shortage of drivers who operate trucks that requires a CDL (commercial driver’s licenses). Companies such as those in hauling/towing services and vehicle transport companies are having trouble retaining and recruiting CDL drivers.
• Changing age demographics is also contributing to the shortage of workers due to the large scale retirement of Baby Boomers, who are exiting the workforce.

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⌚ Timestamps ⌚
0:00 Intro
0:31 Fleet manager feedback on staffing shortage
1:30 Driver turnover impact on fleet costs
2:56 Need for skilled technicians
3:38 Job market trends in the “Great Resignation”
5:25 CDL driver shortage impacts
6:11 The shift in age demographics
8:05 Potential impact of a recession