Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues.
(The latest American Trucking Associations turnover figures released, from the third quarter of 2019, showed turnover at large truckload fleets at an annualized rate of 96%, and 73% for smaller fleets.)
However, driver turnover continued to creep up, this year reaching close to an all-time high of 18.5%. For comparison purposes, last year, private fleets reported turnover of 16.9%, up a point and a half over the previous year’s 15.4% average turnover.
By Heavy Duty Trucking
As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
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As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.
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As of Feb. 1, 2020, all 2015-2017 model-year truck classes experienced an increase in resale values. Class 8, heavy-duty trucks experienced the biggest dip in January 2020 and experienced the biggest rebound in February.
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As of Jan. 1, 2020, all 2015-2017 model-year truck classes except Class 7 medium-duty units experienced a decrease in resale values.
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As of Dec. 1, 2019, pickup truck values continued their downward trend a bit more steeply between November and December 2019 since a peak in June.
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As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019.
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For U.S. Class 8, orders averaged 40,800 units per month in 2018, but for the first half of 2019, just 14,600 per month.
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As of October 1, 2019, pickup truck values have remained relatively stable compared to the drop experienced in August 2019.
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As of September 1, 2019, pickup truck values rose from the drop experienced in August 2019, while Class 4-8 trucks all decreased on value compared to the same time last month.
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As of August 1, 2019, pickup truck values are continuing to drop from their peaks in May and June.
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As of July 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks started to shake up a little.
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As of June 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks continued to decline since same time last year.
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