A new report says better pay could help freight companies maintain a stable workforce of truck drivers, despite industry officials’ arguments to the contrary. The report, published last month in the U.S. Bureau of Labor Statistics’ Monthly Labor Review, argues that trends in the industry — including turnover rates, unemployment and pay — are comparable to other blue-collar jobs and represent a tight labor market, rather than an industrywide shortage. “The overall picture is consistent with a market in which labor supply responds to increasing labor demand over time, and a deeper look does not find evidence of a secular shortage,” according to the report, written by Stephen Burks, professor of economics and management at the University of Minnesota, Morris, and Kristen Monaco, associate commissioner in the Office of Compensation and Working Conditions at the U.S.

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