September 14, 2017

Storms Damage The Labor Market

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There will be fewer truck drivers and warehouse workers available once storm cleanup gets underway.  There is already a perceived shortage of construction workers in the South.

It will only get worse as skilled and unskilled labor pours in to fix the damage. Coincident will be:

    • a large increase in recycling (250,000 cars to be junked in Texas alone)
    • an influx of building materials – and a lot is going to areas from which backhauls are scarce
    • shortages of fuel for a while

Add to that the relatively strong pricing of fuel and more warnings that there really is a shortage of drivers, and shippers can expect higher costs.

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