Talent Shortage Will Drive Gas Prices Higher, Reduce Supply, in Summer 2020 - According to reporting from CNN, an ongoing lack of drivers in the trucking industry has become exponentially worse due to the pandemic. One particular concern is the impact on the gas supply with summer driving looming in the United States and elsewhere. "According to the National Tank Truck Carriers, the industry's trade group, somewhere between 20% to 25% of tank trucks in the fleet are parked heading into this summer due to a paucityof qualified drivers. At this point in 2019, only 10% of trucks were sitting idle for that reason. "We've been dealing with a driver shortage for a while, but the pandemic took that issue and metastasized it," said Ryan Streblow, the executive vice president of the NTTC. "It certainly has grown exponentially."" [CNN]
ZipRecruiter Has Filed for their IPO - Online job marketplace ZipRecruiter Inc has filed to go public through a direct listing on the New York Stock Exchange, the company said on Friday. Founded in 2010, it is a developer of an online marketplace for employers and job seekers and competes with Indeed and Microsoft-owned LinkedIn. The listing plan will look to cash in on the booming market for new offerings as seen by the robust debuts of gaming firm Roblox Corp and South Korean e-commerce firm Coupang Inc. The stock will trade under the symbol "zip". [ZipRecruiter]
UK Employers Get Bullish 0n Graduates - While nearly half, or 48%, of student employers are recruiting the same number of graduates as last year, 36% are hiring more with 18% increasing their intake by at least 10%, according to a survey from the Institute of Student Employers. [SIA]
How to Increase the Number of Women Truckers - Ellen Voie, president, CEO and founder of the Women in Trucking Association, joined DriverReach founder and CEO Jeremy Reymer on this week’s episode of Taking the Hire Road to discuss strategies for steering more women to the trucking industry. Women in Trucking is a nonprofit organization that encourages the employment of women in trucking, celebrates their accomplishments and minimizes the obstacles women face in industry. [FreightWaves]
Raymond James CEO Vows Enhanced Recruiting Deals Will Pay Off - “The enhancements we made to the recruiting packages on the employee side of the business have been very well received by prospective advisors, and that pipeline has recovered nicely,” Reilly said on the firm’s earnings call for its second fiscal quarter. “It’s going to reflect in the numbers, and with a lot of very, very high quality teams—probably the largest number of large teams that we’ve had.” His remarks came as the St. Petersburg, Fla.-based company reported that its advisor roster across its private client group, which includes around 5,000 independent contractors, grew by a net 94 advisors over the quarter to 8,327 and was up 197 year-over-year. But its employee headcount of 3,375 employee advisors was flat sequentially and down by a net 11 year-over-year. [AdvisorHub]
