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
Spot rates were all about the old adage “what goes up must come down.” After strong growth in 2017 and 2018, rates in 2019 were sharply negative through mid-year before firming.
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
How has COVID-19 impacting truck fleets related to their business and overall number of loads? How might it have actually improved things?
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