According to data from the 2018 HDT Fact Book, in 2017, private fleets reported that turnover dropped to 15.2% after surpassing the 18% barrier for the first time in the history of the survey last year.
One effective strategy private fleets continue to employ to help improve their productivity is the deployment of on-board technology — combined with better data aggregation and analysis — to track and improve various elements of their performance.
According to CK Commercial Vehicle Research, 59% of fleets believe the driver situation has gotten worse.
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.
Heavy-duty truck driver and tractor-trailer driver wages and employment rates vary greatly by state.
Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June.
While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
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