Wholesale distribution market trends are pointing upwards in 2023, as inflation rates tick down, unemployment stays steady, consumer spending remains strong and U.S. inventories-to-sales ratios revive. Throughout the country, scores of the 24-foot box trucks typically driven by employees of midsize wholesalers and distributors offer evidence of the upbeat conditions, as consumers rediscover the joy of retail shopping.
Every business upside has a downside, however. A significant dearth in the number of experienced truck drivers has generated the need across industries to hire less-experienced drivers. Lack of truck driving experience is a greater predictor of being involved in a crash than a driver's age, according to a study funded by the National Surface Transportation Safety Center for Excellence.
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