CNBC Television Why driver shortages have become an issue: XPO Logistics exec

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Matt Fassler, chief strategy officer at XPO Logistics, joins The Exchange to discuss the global truck driver shortage. His company has about 12,000 drivers and is hiring about 50 drivers a week, which still isn’t enough to meet demand. “It’s a unique time in lots of ways, obviously the freight transportation marketplace is stressed,“ Fassler tells Kelly Evans. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Hailing a ride on apps like Uber and Bolt is now almost impossible at certain times of the day in parts of the U.K. Multiple customers told CNBC that the apps failed to connect them to a driver in recent weeks, resulting in them being late for meetings or stranded at the end of a night out. Others said they’ve encountered extortionate costs as a result of “surge pricing,” which kicks in when the apps are particularly busy. The problems tend to occur late evening or at the weekend, according to customers. The issue boils down to supply and demand. In other words, there aren’t enough drivers to accept all the journeys being requested. And it has sent prices rising. Markus Villig, co-founder and CEO of mobility app Bolt, told CNBC’s “Squawk Box Europe” last week that prices for customers are “higher than ever.” Villig, whose company is valued at 4 billion euros ($4.7 billion), said post-lockdown demand for ride-hailing had rebounded stronger and faster than the company anticipated. “The supply side in terms of drivers … just haven’t been able to catch up yet,” he said. Uber is having the same problem. It told CNBC that demand has increased in the U.K. while Uber’s U.K. business returned to pre-pandemic levels in May and that many cities now have demand beyond the pre-pandemic levels. Demand is 22% higher in Birmingham, 30% higher in Sheffield and over 40% higher in Nottingham than before March 2020. “We are encouraging 20,000 new drivers to sign up in order to meet rider demand as cities get moving again,” a spokesperson for Uber’s U.K. business said. Difficulties getting a ride Robert Collings, head of finance at fintech start-up Flux, told CNBC that Uber and Bolt had let him down in London recently. “People should be able to hail a ride and be on their way within minutes, but more recently I’ve been experiencing long wait times and cancellations, to the point where I start looking at alternatives,” he said. He shared a recent example of trying to get an Uber at 1 a.m. on a weekday. Multiple drivers accepted and then canceled the ride, he said, with the quoted price rising from £11 to £28 in the meantime. He then switched to Bolt and faced the similar cancellation issues before a driver eventually turned up. “I was probably only waiting for about 15-20 minutes between first opening the app and getting in the car, but that feels much longer when you just want to get home and sleep,” Collings said. Elsewhere, London-based Dave Thomson, chief product officer at video conferencing platform Whereby, told CNBC that he and his wife now check Uber, Bolt and FreeNow to increase their chances of finding a ride. ″[We] open all three apps at the same time and see who can get a cab first,” he said. “The level of admin involved in leaving the house is growing.” The issues aren’t confined to the U.K., with customers in cities like Lisbon, Paris, Warsaw and Melbourne also complaining. Drivers move into food delivery The longer waits come as many drivers stopped working for apps like Uber and Bolt during the pandemic, with some moving on to new jobs where they qualify for employee benefits such as sick pay and holiday pay but less flexibility. “There’s a big shortage of drivers right now,” ride-hailing expert Harry Campbell told CNBC, highlighting that the decline in ride-hailing early in the pandemic coincided with a huge rise in demand for food-delivery services. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5