Heavy Duty Trucking, July 2018

HDT JULY 2018 18 WWW TRUCKINGINFO COM Hotline TRUCKINGS MOST RESPECTED BUSINESS REPORT Driver turnover rises as study sheds light on age factors Even as driver turnover continues to rise in the face of strong freight demand a new study found younger drivers are only slightly more prone to leaving a carrier within the first six months than their middle aged counterparts The annualized turnover rate for large truckload carriers jumped by six points to 94 in the first quarter and is 20 percentage points higher than it was in the first quarter of 2017 according to the American Trucking Associations For small carriers turnover fell to 73 but that was still seven points higher than the same time period last year The turnover rate at less than truckload carriers also increased two points to 10 Driver retention consulting and analytics firm Stay Metrics reports that on average nearly 60 of all drivers in every age group will leave their carrier within the first six months and as much as 35 will leave within the first 90 days A common belief in the trucking industry according to Stay Metrics is that younger drivers are more apt to impulsive decision making and are more likely to leave a job quickly The study which sampled 103652 drivers from 140 carriers did find that drivers aged 21 40 have turnover rates higher than the average Drivers aged 26 30 had the highest turnover rate in the study at nearly 69 but aged 21 25 year old drivers were only 2 more likely to leave than drivers aged 41 45 The lower rate for younger drivers could indicate that a lack of experience reduces their options to leave keeping their turnover rate lower The 56 60 age group had the lowest turnover at just 49 U S RETAIL TRUCK SALES REPORT MAY 2018 MANUFACTURER CLASS 8 33001 LBS OVER CLASS 7 26001 33000 LBS CLASS 6 19501 26000 LBS CLASS 3 4 5 10001 19500 LBS MAY SALES YDT SALES YTD SHARE MAY SALES YDT SALES YTD SHARE MAY SALES YDT SALES YTD SHARE MAY SALES YDT SALES YTD SHARE COMPLIED BY HEAVY DUTY TRUCKING MAGAZINE SOURCE WARDS COMMUNICATIONS Chevrolet 4236 18676 1171 Chevrolet LCF 7 23 007 254 962 060 Dodge Ram 10973 59509 3732 Ford 139 683 288 1932 8063 2615 12993 61302 3844 Freightliner 6634 31496 3552 2880 12468 5251 1720 10156 3294 814 2351 147 GMC 1667 6437 404 Hino 191 723 304 715 3239 1051 334 1646 103 International 2431 11803 1331 1193 5027 2117 1354 7760 2517 2 11 001 Isuzu 136 459 149 2158 8251 517 Kenworth 3355 13039 1470 441 1754 739 241 1070 347 12 15 001 Mack 1607 6579 742 Mitsubishi Fuso 75 309 019 Peterbilt 2632 13561 1529 546 3090 1301 6 62 020 4 4 000 Volvo 2536 9903 1117 Western Star 584 2284 258 Other 9 001 Totals 19195 88674 100 5390 23745 100 6141 30832 100 36280 159437 100 Information on younger drivers and turnover is timely as recent bills would set up programs to bring younger CDL drivers into the trucking industry Analyzing Age and Driver Turnover Millennials Only Slightly More Likely to Leave Than Middle Aged Gen X Drivers SOURCE STAY METRICS DATABASE N 140 CARRIERS N 103652 DRIVERS FEBRUARY 14 2018