According to the American Trucking Associations and carrier U.S. Xpress, there are a number of factors affecting how the trucking industry will pull out of 2020 and the COVID-19 pandemic.
According to the American Trucking Associations, COVID-19 has severely impacted the annualized turnover rate at large and small truckload carriers, which experienced double digit declines in the second quarter of 2020.
According to a recent report from Stay Metrics, while driver turnover rates spiked early in the first quarter of 2020, they soon began trending down and dropped to all-time lows in March.
The turnover rate at large truckload fleets – those with more than $30 million in annual revenue – jumped nine points-- marking the largest quarterly increase since the second quarter of 2016-- to an annualized rate of 96%.
The driver shortage is a touchy subject. Some say it's just the turnover of truckers finding better jobs at other fleets. Contributing Editor Rolf Lockwood thinks there may be more to it than that.
A government official expert at analyzing labor trends contends that trucking is not experiencing a driver shortage, rather she sees the problem as one of painful turnover in one segment of the industry.
Turnover rates at large and small truckload carriers remain at lower levels despite a soft freight environment, according to the latest numbers tracked by American Trucking Associations.
Cargo Transporters has launched a new driver recruiting and retention initiative called the Acres of Diamonds… Focus on Home Program that will allow drivers to be closer to home when they finish a shift or have downtime in their schedules.
While the turnover rate at large fleets sank to a two-year low, turnover at small carriers jumped a bit, according to American Trucking Associations' latest numbers.
With an industry-wide shortage of new truck drivers, it's tempting to just find and hire CDL holders as fast as they can be found. But one good way to hire better drivers, who stay longer, is to avoid hiring your turnover.