According to a report released earlier this year from the National Student Clearinghouse Research Center, enrollment in transportation majors is growing at a faster rate than most other majors. As Business Management majors at four-year institutions declined by 2.1% year over year, the number of students declaring a Transportation and Materials Moving major increased by 6.9% from the previous year.
The driver shortage has been a major focus over the last few years. Yet perhaps the more critical issue that needs to be addressed is the growth in supply chain and logistics-related fields – and the available workforce to fill those jobs. The US Bureau of Statistics estimates that available jobs in the logistics field could grow by 26% between 2010 and 2020. As this sector continues to grow, qualified applicants will be in demand to fill these positions. What’s more, the TMS market is forecast to reach $30 billion by 2025. The growth is primarily driven by the demand for mobile TMS applications, intermodal transportation, and the increased popularity of SaaS-based solutions.
Exacerbating the job growth issue is the fact that a significant number of employees in supply chain-related fields are nearing or even past retirement age. Some studies put that number as high as 25 to 33 percent. If these predictions hold true, in the foreseeable future there will be no shortage of available jobs in the transportation and supply chain-related fields. Could the growing number of transportation majors help close the gap between available jobs and qualified applicants to fill them?