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
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
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As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
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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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As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
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As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.
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As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.
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As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty.
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As of June 1, 2020, all truck classes continued to experience a drop in resale values for 2015-2017 model-year units. This is the second month of decreases following the rise in all values in April 2020.
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As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month.
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Likely one of the most important tasks a fleet manager must handle is vehicle maintenance. A truck that isn’t working can’t accomplish its job; it’s a simple fact.
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As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
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