As driving behavior gets riskier1 and younger drivers take more responsibility,2 "nuclear verdicts" have raised commercial auto insurance losses by $30 billion over a decade.3 Meanwhile, the U.S. truck driver shortage, now 78,000, could double by 2031, and 1.2 million replacement hires may be needed over this period.4 How do you compete for qualified drivers?
Discover how M&W Transportation leverages Verisk’s Transportation Employment Screening Hub to optimize its recruiting, driver management, and compliance workflows—with speed, ease, and accuracy.
1. Early Estimate of Motor Vehicle Fatalities for the First Quarter of 2023, U.S. Department of Transportation and National Highway Safety Administration, June 2023; traffic fatalities reached a 20-year high in early 2022, and although the rate per 100 million vehicle miles traveled has declined, it remains almost 20 percent higher than the pre-pandemic 2019 baseline.
2. Controversial Plan to Allow Teen Drivers Set to Begin, The Trucker, January 24, 2022
3. Social Inflation Contributed to $30B Increase in Commercial Auto Costs, Paper Finds, Insurance Information Institute, March 6, 2023.
4. Driver Shortage Update 2022, American Trucking Association, October 25, 2022.