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2019 Driver Statistics: Turnover & Employment

2019 Driver Statistics: Turnover & Employment

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2019 Driver Statistics: Turnover & Employment

Although labor issues remain a significant challenge for respondents to the National Private Truck Council's annual survey, they continue to report retention and turnover performance far better than their for-hire colleagues. This year, private fleets reported turnover at 16.9%, up a point and a half over last year’s 15.4% average turnover.

The stability of trucking employment over the past 14 years provides some evidence of a tight labor market for truck drivers—the demand for drivers has remained strong while the demand for workers with low levels of education has declined substantially in other sectors.

While it appears that truck drivers are at an earnings disadvantage relative to nondriving blue-collar workers, this disadvantage is only evidence of an earnings gap between light or delivery truck drivers and driver/sales workers, on the one hand, and blue-collar workers, on the other; point estimates of the earnings of heavy truck drivers exceed those of other blue-collar workers throughout the period.

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Used-Truck Prices October 2020

Used-Truck Prices October 2020

As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.

Used-Truck Prices September 2020

Used-Truck Prices September 2020

As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.

Used-Truck Prices August 2020

Used-Truck Prices August 2020

As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.

Used-Truck Prices July 2020

Used-Truck Prices July 2020

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.

Used-Truck Prices June 2020

Used-Truck Prices June 2020

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. 

Used-Truck Prices May 2020

Used-Truck Prices May 2020

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. 

Work Truck's 2nd Maintenance Survey

Work Truck's 2nd Maintenance Survey

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.

Used-Truck Prices April 2020

Used-Truck Prices April 2020

As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units. 

Used-Truck Prices March 2020

Used-Truck Prices March 2020

As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.

2019 Global Statistics: Investments in Tech Start-Ups

2019 Global Statistics: Investments in Tech Start-Ups

The increasing maturity and stability of trucking technology start-ups is evidenced by a decline in the volume of early-stage deals in 2018.

Used-Truck Prices February 2020

Used-Truck Prices February 2020

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. 

2019 Global Statistics: Commercial Vehicle Registrations & Production

2019 Global Statistics: Commercial Vehicle Registrations & Production

New truck registrations across the European Union grew by 3.5% last year compared to 2017.