By: Andrew Petracca
These are certainly difficult times, however, there has never been a better time for entrepreneurs to prosper in the courier last mile and trucking industry. There is an increased demand for consumer goods from workforce shortages and supply chain logjams created by the Covid-19 pandemic. The result is that drivers are wanted! The trucking industry has an 80,000 driver shortage, emphatically calling drivers “to work” to meet the demand. (CNN Business “Wanted: 80,000 truck drivers to help fix the supply chain” (Oct. 19, 2021)).
Subcontracting Concepts, LLC (“SCI”) is the premier 3rd party administrator in the courier and transportation industry, supporting owner operators for over twenty-five (25) years. As a third-party administrator with a national scope, SCI has a real time vantage point for identifying exactly when profits are on the rise for entrepreneurial drivers. Specifically, SCI’s data reveals the average weekly payment in October 2021 for last mile couriers was $1042 / week, 3.5% higher than the same period in 2020 and 10.2% higher than the same period in 2019; For box truck operators, the average weekly payment for October was $3497 / week, 15.6% higher than the same period in 2020 and 11.6% higher than the same period in 2019; For power unit trucks (GVWR 26,000 and up) the average weekly payment for October 2021 was $3647 / week, 11.8% higher than the same period in 2020 and 12.6% higher than the same period in 2019.
Whether you are entering the last mile market for the first time or operate an established logistics company, Subcontracting Concepts, LLC’s (“SCI”) products and services will enhance your business and position it for growth. SCI’s long-lasting partnerships with innovative companies make SCI your primary support during these opportunistic times. (https://sciadmin.com / SCI Admin – The Premier 3PA in the Logistics Industry).