Bus driver shortage plagues schools as districts plead for more support

Published On Aug 27, 2024, 2:00 AM

The article discusses the current bus driver shortage affecting school districts in the U.S., particularly highlighting the struggles of various districts, including those in Florida and Illinois. These districts are facing challenges due to an insufficient number of qualified drivers, resulting in doubled routes, prioritization of vulnerable students, and increased stress on families and logistics. The Economic Policy Institute reports a significant drop in bus driver employment since 2019, primarily due to low wages and inadequate benefits, which contribute to difficulties in recruitment and retention. School officials urge for long-term solutions, including competitive salaries, to resolve this ongoing crisis.

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Stock Forecasts

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Given the ongoing challenges in the school transportation industry largely due to bus driver shortages, companies involved in student transportation may experience increased demand for their services, particularly if they are positioned to offer better compensation and support to attract and retain drivers.

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Conversely, districts that are unable to secure sufficient funding to increase salaries for drivers may continue to struggle, which could lead to decreased student enrollment in public schools, impacting related local economies.

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