Truckers Fear Job Security After Yellow Corp.’s Shutdown

A long-standing titan in the industry, Yellow, a prominent transportation company specializing in trucking services, has unexpectedly ceased operations. This unexpected shutdown has left many employees without work and others worried about how this event will affect them and others. We surveyed 332 truckers to delve into their emotional and mental well-being, job security fears, and potential career shifts in the wake of the shutdown. Step into the world of truckers’ concerns as we unveil the profound impact of Yellow’s closure on the trucking community.

Key Takeaways

• 83% of truckers are aware of Yellow’s shutdown.
• Emotions truckers report feeling because of the shutdown:
  • Sadness: 44%
  • Shock: 42%
  • Confusion: 41%
  • Empathy: 40%
  • Disappointment: 40%
  • Hopefulness: 40%
  • Uncertainty: 39%
  • Anxiety: 39%
  • Gratitude: 37%
  • Anger: 37%
  • Optimism: 37%
  • Fear: 36%
• 72% of truckers say Yellow’s shutdown impacts their mental health.
• 69% of truckers worry about job security because of the shutdown.
• Nearly 1 in 4 truckers say their companies have not addressed Yellow’s shutdown at all.
• 86% of truckers expect their companies to hire new drivers before the holiday rush.

Key Takeaways

• Truckers think the shutdown will affect impact the trucking industry in the following ways:
  • Potential instability in the trucking sector: 54%
  • Increase competition for available jobs: 53%
  • A possible ripple effect on related industries: 51%
  • Disruption of the supply chain: 47%
  • Opportunities for local trucking companies: 47%
  • Increase demand for other carriers: 45%
  • Possibly better working conditions and benefits for drivers: 40%
  • Potential new job openings: 38%
  • Possible disruptions in the trucking market, routes, and shipping schedules: 34%
  • Possibly higher shipping costs for businesses and consumers: 32%
• 54% of truckers believe Yellow’s shutdown will have a moderate to major impact on the supply chain, and 83% think the average consumer will feel the effects.
• 1 in 6 truckers are worried about their company’s fate.

• Due to Yellow’s shutdown, 37% of truckers are actively seeking new jobs - 3 in 4 are considering shifting industries entirely.
• Most truckers (87%) are seeking a pay increase this year, wanting a 42% raise on average.

Lessons Learned from Yellow’s Shutdown

An astonishing 72% of truckers reported that the shutdown had impacted their mental health, indicating the need for support and resources to address their emotional well-being at this time. Additionally, 69% expressed concerns about their job security, with 1 in 6 truckers anxious about their company’s future. This unsettling situation has also prompted more than a third of truckers to seek new employment opportunities, and 75% would even consider shifting to a different industry.

These findings highlight the urgency for industry leaders and policymakers to address the challenges and uncertainties faced by the trucking workforce in the aftermath of Yellow’s shutdown. Providing mental health support, fostering open communication, and exploring strategies to retain experienced drivers can contribute to a more resilient and sustainable future for the trucking community.

Methodology 

For this campaign, we surveyed 332 truckers. Among them, 76% were men, and 24% were women. 

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Fair Use Statement

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