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.
By TruckingInfo
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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The total number of structurally deficient bridges has continued to decrease year-over-year.
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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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U.S. business logistics costs, as calculated in CSCMP’s 2019 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 11.4% in 2018 to reach $1.64 trillion, or 8% of the $20.5 trillion GDP.
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In this report, we present data on vehicle age, mileage, maintenance cost, and labor hours. Data is organized by type of vehicle, including refuse trucks, sedan and SUV police vehicles, dump trucks, pickup trucks, and fire equipment.
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The average marginal cost per mile for fleets rose 6% in 2017 to $1.69, thanks largely to increased fuel and driver costs.
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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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The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, hit an all-time high of 138.7 in November 2018.
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It's taking longer for loads to arrive, and the DOT currently projects the weight of goods moved by truck to rise by close to 34% by 2045.
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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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Annual average wages of heavy tractor-trailor truck drivers by state and employment numbers by state are shared.
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The price of crude oil has increased since last year, with regular gasoline increasing 10% and diesel only seeing an increase of 1%.
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