Why The Truck Driver Shortage Could Impact Your Wallet

The Truck Driver Shortage Could Impact Consumers

More than 70 percent of the goods we consume are carried on the nation's highways, but a new report says the industry needs to hire roughly 90,000 new truckers each year to keep up with demand.

"The American trucker carries our country," says recruiter Greg Koepel. And LinkedIn's managing editor Chip Cutter says, "Nothing we get isn't touched by a truck."

They say truckers drive the American economy. If that's the case, we could be in trouble. Fifty-thousand more drivers are needed by the end of 2017 and that number could more than triple in 10 years, reports CBS News correspondent Kris Van Cleave.

"When we're buying more stuff out there, whether that's cars, refrigerators, you name it, we're putting that in trucks, and that's gonna exacerbate the shortage that we have," said Bob Costello, the chief economist for American Trucking Associations, an industry trade group.

"Once we hit that 100,000 mark, I think that's where we start to see problems throughout the economy," Costello said.

Problems like product shortages, delivery delays and higher prices. Demographics are largely behind the shortfall, but the lifestyle, including extended periods away from home, can also be a major deterrent.

North Carolina Truck Driving Schools:

Carolina Truck Driving School (5 Stars on Google)

Crosscountry Truck Driving School (4.4 Stars on Google)

Future Truckers of America (4.7 Stars on Google)

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