Update 2016 – Truck driver Supply and Demand Gap CPCS Final Report
Canada could experience a shortage of 25,000 to 33,000 for-hire truck drivers by 2020, disrupting not only the trucking industry, but the Canadian economy and ultimately affecting the well-being of consumers as well.
The findings reflect what the industry has been warning for years – that Canada is on the cusp of a serious shortage of truck driver capacity, which, considering all goods produced are delivered in part by truck, could hamper the Canadian supply chain and drive up prices on store shelves.
The report quantifies the magnitude of the emerging gap between the supply and demand for professional truck drivers – a looming shortage which could be 14-per cent or more of the entire truck driver population in Canada. With $17 billion in GDP directly tied to the for-hire trucking industry and the indirect impact being far greater, there’s little question a driver shortage of this size is a threat to the health and competiveness of the Canadian economy and this issue is something we as a nation should start thinking about.