Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Biden touts importance of U.S. trucking

Published 04/04/2022, 05:01 AM
Updated 04/04/2022, 04:00 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden takes a question after announcing the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, at the Wh

By David Shepardson and Nandita Bose

WASHINGTON (Reuters) -President Joe Biden on Monday touted the importance of the U.S. trucking industry especially during the COVID-19 pandemic as the administration has worked to boost the number of truck drivers by drawing in more women and veterans.

The White House touted the surge in hiring of truck drivers and commercial driver licenses issued. It said 100 major employers in recent months have launched apprentice programs to help train new drivers.

Biden said U.S. agencies and companies are doing more to draw women drivers, but said more needs to be done to improve trucking jobs.

Biden called for changes "so we can draw more Americans to work jobs with increased wages, reduced wait times and improved safety and so much more."

The White House touted actions underway to make it easier to be a truck driver, including making it easier to find a place to park and doing more to strengthen workplace safety and workers' rights for drivers.

Biden was joined by Transportation Secretary Pete Buttigieg in outlining efforts to remedy long-standing weaknesses stemming from workforce challenges in the trucking industry.

The moves are part of a year-long drive to stiffen U.S. supply chains against climate shocks and geopolitical tension, so as to ensure that China or other nations cannot weaponize the supply of goods.

Biden has focused on rebuilding U.S. supply chains after acute shortages of personal protective equipment, including masks and gloves, at the start of the COVID-19 pandemic, and a dearth of semiconductors that made cars costlier and helped push inflation to 40-year highs.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Biden, speaking in front of three large trucks on the White House lawn, noted truckers move about 70% of all goods in the United States. He noted that average trucker wages have dropped nearly 30% in inflation-adjusted dollars since 1978.

"In this iconic American industry it's getting harder and harder to raise a family with dignity and pride," Biden said.

Some carriers must replace 90% of their workers each year, White House figures showed. "It's no surprise that so many drivers left their jobs," Biden said.

The American Trucking Associations said last week that weekly driver earnings were up more than 25% for long-haul, truckload drivers since the beginning of 2019.

The plan to boost the numbers of truck drivers, launched in 2021, has swelled hiring, with more commercial driver licenses available in the first two months of this year versus last year's corresponding period, the statement said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.