With turnover at truckload fleets ranging from 69% to 90% and the cost to replace a single driver sitting anywhere from $8,234- $20,729, addressing driver turnover should be top of mind for most fleets.
July 1, 2021driver turnover
Business
Retaining Drivers for the Long Haul: 4 Strategies to Implement at Your Fleet
Many fleet professionals think high driver turnover is an inherent, time-consuming challenge of the trucking industry, but—though it may sound hard to believe—any fleet can reduce their driver turnover with a few key steps. There are four proven strategies for engaging drivers and increasing retention any fleet can implement today.
June 1, 2021
Business, Technology, Logistics
CFI President Greg Orr with CFI trucks. (CFI)
Industry Trends, Driver Preference Pave Way for Hub-to-Hub Routes
CFI President Greg Orr with CFI trucks. (CFI)
Some motor carrier executives, freight brokerages and others in the industry are using hub-to-hub business models that address the problems of driver turnover, deadhead miles and long waits at loading docks by reshaping how cargo is shipped.
June 15, 2020
Business, Technology
Opinion: Manage Driver Turnover by Avoiding the ‘Threats to Retention’
As everyone in the trucking industry knows, the driver shortage persists. With bonuses and incentives tempting drivers to come and go between motor carriers, retention can be a challenge. However, carriers can better manage this turnover by avoiding what Norris Beren calls “threats to retention.”
February 12, 2019
Business, Logistics
Terrence Antonio James/Chicago Tribune
Driver Turnover Falls at Large TL Carriers
Terrence Antonio James/Chicago Tribune
The third-quarter turnover rate at large truckload carriers fell 11 percentage points to 87%, marking its lowest point since the first quarter of 2017 when it was 74%, American Trucking Associations reported.
January 3, 2019
Government, Business
Aaron Showalter/Bloomberg News
Fleets Hunt for Strategies to Lower Driver Turnover
Aaron Showalter/Bloomberg News
Driver turnover is on pace to hit the highest annual rate in five years, but experts point to several ways carriers can limit the churn, including better hiring interviews, bonuses, expanded benefits, use of mobile freight apps and empathy when drivers are confronting hardship.
October 11, 2018
Government, Business
Terrence Antonio James/Chicago Tribune
Driver Turnover Rises 4% at Large Truckload Fleets, ATA Reports
Terrence Antonio James/Chicago Tribune
The annualized rate of driver turnover at large truckload fleets in the second quarter jumped 4 percentage points year-over-year to 98%, according to American Trucking Associations’ Trucking Activity Report.
October 3, 2018
Business
Getty Images
Stay Metrics Analysis Finds New Drivers Spur Higher Turnover Rates
Getty Images
More than 70% of driver turnover occurs in the first year of employment, and 36% of drivers leave a firm within their first three months on the job, according to an analysis from Stay Metrics, the South Bend, Ind.-based driver turnover and retention consultant to carriers.
July 16, 2018
Government, Business, Technology, Equipment, Safety, Editorial
Editorial: King Sisyphus, Driver Manager
A parallel can be drawn between Greek mythology and the predicament trucking managers face in recruiting and retaining drivers.
September 21, 2017
Business
Terrence Antonio James/Chicago Tribune/MCT
Turnover Surges in Second Quarter
Terrence Antonio James/Chicago Tribune/MCT
Driver turnover at both large and small truckload carriers surged in the second quarter and could go higher in the months ahead, according to data released by American Trucking Associations.
September 18, 2017