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NAICS Code 561330-05 Description (8-Digit)

Truck Driver-Leasing is a subdivision of the Professional Employer Organizations industry that involves providing temporary or long-term truck drivers to companies in need of transportation services. This industry is responsible for recruiting, hiring, and managing truck drivers on behalf of their clients. Truck Driver-Leasing companies take on the responsibility of ensuring that their drivers are properly licensed, insured, and trained to operate commercial vehicles. They also handle payroll, benefits, and other administrative tasks related to employment.

Hierarchy Navigation for NAICS Code 561330-05

Tools

Tools commonly used in the Truck Driver-Leasing industry for day-to-day tasks and operations.

  • Electronic Logging Devices (ELDs)
  • GPS tracking systems
  • Load boards
  • Freight management software
  • Fuel cards
  • Onboard cameras
  • Tire pressure monitoring systems
  • Route planning software
  • Dispatch software
  • Truck maintenance software

Industry Examples of Truck Driver-Leasing

Common products and services typical of NAICS Code 561330-05, illustrating the main business activities and contributions to the market.

  • Local delivery services
  • Freight transportation companies
  • Moving companies
  • Construction companies
  • Waste management companies
  • Retail distribution centers
  • Food and beverage distributors
  • Manufacturing companies
  • Agriculture and farming businesses
  • Oil and gas companies

Certifications, Compliance and Licenses for NAICS Code 561330-05 - Truck Driver-Leasing

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Commercial Driver's License (CDL): A CDL is required for all truck drivers operating vehicles with a gross weight of 26,001 pounds or more, or vehicles designed to transport 16 or more passengers. The Federal Motor Carrier Safety Administration (FMCSA) provides information on obtaining a CDL.
  • Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. The Transportation Security Administration (TSA) provides information on obtaining an HME.
  • Medical Examiner's Certificate: All commercial drivers must have a valid medical examiner's certificate to operate a commercial vehicle. The FMCSA provides information on medical certification requirements.
  • Hours Of Service (HOS) Regulations: HOS regulations limit the amount of time a driver can spend on the road and require drivers to take rest breaks. The FMCSA provides information on HOS regulations.
  • Electronic Logging Device (ELD) Mandate: The ELD mandate requires drivers to use electronic logging devices to record their hours of service. The FMCSA provides information on the ELD mandate.

History

A concise historical narrative of NAICS Code 561330-05 covering global milestones and recent developments within the United States.

  • The "Truck Driver-Leasing" industry has a long history dating back to the early 1900s when trucking companies began leasing their trucks to other businesses. However, the industry really took off in the 1960s when the Interstate Highway System was built, allowing for faster and more efficient transportation of goods across the country. In recent years, the industry has seen significant growth due to the shortage of qualified truck drivers in the United States. This has led to an increase in demand for truck driver-leasing services, as companies look to outsource their driver needs to specialized firms. Notable advancements in the industry include the use of technology to track driver performance and improve safety, as well as the development of specialized training programs to address the driver shortage.

Future Outlook for Truck Driver-Leasing

The anticipated future trajectory of the NAICS 561330-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Truck Driver-Leasing industry in the USA is positive. The industry is expected to grow due to the increasing demand for truck drivers in the transportation sector. The industry is also expected to benefit from the growing trend of outsourcing non-core business functions, such as driver recruitment and management, to specialized service providers. Additionally, the industry is expected to benefit from the increasing adoption of technology, such as telematics and fleet management software, which can help improve the efficiency and safety of trucking operations. However, the industry may face challenges such as increasing competition and regulatory changes, which may impact the profitability of industry players.

Industry Innovations for NAICS Code 561330-05

Recent groundbreaking advancements and milestones in the Truck Driver-Leasing industry, reflecting notable innovations that have reshaped its landscape.

  • Driverless Trucks: Several companies are developing autonomous trucks that can operate without a human driver, which could help address the driver shortage and improve safety.
  • Electronic Logging Devices: The Federal Motor Carrier Safety Administration (FMCSA) has mandated the use of electronic logging devices (ELDs) to track drivers' hours of service, which can help improve compliance and safety.
  • Predictive Maintenance: Some companies are using predictive maintenance technology to monitor the condition of trucks and identify potential issues before they become major problems, which can help reduce downtime and maintenance costs.
  • Mobile Apps: Some companies are developing mobile apps that can help drivers manage their schedules, find parking, and access other resources, which can help improve efficiency and reduce stress.
  • Alternative Fuels: Some companies are exploring the use of alternative fuels, such as natural gas and electric power, to reduce emissions and operating costs.

NAICS Code 561330-05 - Truck Driver-Leasing

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