The trucking press often screams about a looming driver shortage The reality? It’s a myth– and the data backs it up. According to FreightWaves (May 2025), the industry hasn’t been hemorrhaging drivers; it has been drowning in excess capacity and evaporating freight demand. Major carriers shut down or laid off drivers because freight volumes collapsed, not because there were too few drivers.
Stable employment, shrinking freight. Bureau of Labor Statistics figures cited by FreightWaves show that the number of CDL holders has remained stable since 2020. Shipments remain below 2019 benchmarks, meaning many trucks sit idle while carriers wait for loads.
Turnover, not scarcity. High churn at large trucking companies—around 90% annual turnover —creates the illusion of a shortage. Drivers leave because of low pay, long hours and poor working conditions . Retention, training and culture—not “more drivers”—are the real issues.
The freight recession’s impact. Excess trucks and collapsing freight rates squeeze margins. Carriers face surging operating costs, insurance premiums and interest rates. Many owner‑operators struggle to keep rigs on the road amid idle capacity and low rates.
Insurance Implications
Whether you operate in Florida, Georgia, Texas, North Carolina or any other state, staying profitable in a freight recession requires diligent risk management. Review your coverage for:
- Non‑Trucking Liability – covers your rig when it’s not under dispatch.
- Cargo Truck Insurance – protects against load damage or theft.
- Physical Damage Insurance – insures tractors and trailers against collision, fire or vandalism.
- Semi Truck & Rig Insurance – comprehensive protection for owner‑operators running commercial or personal vehicles.
If you’re a carrier or owner‑operator, now is the time to secure commercial truck insurance tailored to your state—be it Florida, Georgia or Texas. Keeping the right policies in place helps you weather market turbulence and protects your livelihood.
Conclusion & Call to Action
The “driver shortage myth” narrative distracts from real problems like turnover, freight volatility and retention. Focus on building a sustainable business, looking after your drivers, and making sure your insurance matches the risks you actually face.
➡ Get a free trucking insurance quote today to review your non‑trucking liability, cargo, physical damage and semi‑truck insurance options.
