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There are about 3.7 million jobs that require a CDL of some sort to do.

Currently there are approximately 10 million people in the US with a CDL.

I'll let you determine if that's a situation where you're likely to make excellent money. Supply and demand side.

Transportation is currently struggling bad. First time in 6 months, the number of trucking jobs declined MoM.

JB Hunt - one of THE best run companies out there (intermodal rates with BNSF help them so much) - brokerage unit reported a $17.5 million operating loss as loads declined 22% y/y, with revenue per load down just 5%. The unit lost $15 million in the fourth quarter (Christmas Freight last year) Intermodal revenue fell 9% year over year (y/y) as revenue per load was off by a same amount (down 5% from the fourth quarter). Total loads were flat y/y but 9% lower than in the fourth quarter. Truckload barely made money.

Knight-Swift - cut earnings expectations by 58% for H1 2024. 58%!!!!

PAM Transportation - operating loss 2nd quarter in a row. Truckload segment fell 19% y/y as loaded miles dropped 14% and revenue per loaded mile was off 5%. The company operated 7% fewer tractors in the quarter, with revenue per truck per week declining 9%. Truckload is at a 104.2% operating ratio.

Marten - OTR is showing 1/2 a percent profit margin right now. Truckload revenue at Marten was $111.6 million, down 7.5% from the year-ago period.

Heartland Express - another company that used to be run VERY well. Operating ratio is now 105.6% and $15.1 million net loss in the 2024 first quarter. Revenue fell 18% y/y to $270 million but was down just 2% from the fourth quarter.

Schneider National - cut their full-year earnings outlook by nearly 25%.

Arnold Transportation out of Texas. Been in business 92 years - survived depressions, deregulation - bankrupt last week. They had 341 truck drivers and 402 power units.
Raven out of Florida, founded in 86. Bankrupt last week. They did dedicated and OTR work. Had 340 power units and 352 drivers.


Intermodal providers like Hub Group - hurting because capacity just isn't leaving the marketplace in Truckload. It should be but isn't.
LTL companies like Old Dominion, SAIA etc - didn't see normal March up-ticks. Volume and weights are off in LTL, even with Yellow closing. T-Force wants more density. ArcBest - Tonnage per day was down 17% while revenue per hundredweight, or yield, increased 16%. The tonnage decline was the combination of a 6% decline in daily shipments and an 11% decline in weight per shipment.

I only mention those because they're large companies, more likely to hire a guy with low recent experience. Self insured so they get to be gate keeper compared to smaller mom/pop places whose insurance dictates the rules more.