Drivers – The Long-Term Limiting Factor for Commercial Vehicle Freight Hauling Capacity: Much has been written in the popular press during the past several years about the persistent shortage of qualified drivers in the commercial trucking industry. That shortage, along with other factors, has led to the problem of excessive driver turnover. Aside from being terribly disruptive within the trucking company, as well as with shippers, driver turnover is very costly. Current estimates place the cost of a driver leaving somewhere between $6,500 and $12,000. Even for a well run trucking company, eliminating or reducing the cost of driver turnover would provide a significant bottom line boost and a higher profit margin. More importantly, without a sufficient supply of incoming replacement drivers, carriers will be unable to maintain their current fleet size, let alone consider expansion. This problem will only be compounded by the graying of truck drivers and the impending retirement of the truckers who are part of the baby boomer generation.
White Paper Objective and Study Methodologies: The genesis of this white paper was the desire of a large national carrier to perform a study of driver turnover. The company was interested in testing several hypothesis regarding potential causes of driver turnover, including length of haul and driver experience level. Further, it was hoped that the study would result in actionable items that could be easily implemented by fleets of any size to help reduce driver turnover.
Driver Turnover Hypotheses: The two main hypotheses to be tested was length of haul, which is considered a proxy for home time. The basic premise was that, in general, driver turnover would be lower as the length of haul decreased and the amount and predictability of home time increased. The second hypothesis was that drivers with the lowest level of work/driving experience would exhibit the highest rates of turnover. During the course of the analysis, the impact of driver compensation on turnover was also reviewed.
Users: The principal users of the Driver Turnover white paper will be those in or supporting top management at for-hire and private fleets who are charged with understanding the reasons behind driver turnover as a first step to reducing the costs and disruption associated with it. Secondary users include those companies supplying products and services to truckers, from OEMs and their suppliers to banks, the investment community, and shippers. Will tomorrow’s hauling capacity, therefore product nedd, be altered by the availability and cost of truck drivers?
Pricing:
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US$ Price |
For Hire/Private Trucker (U.S. DOT#________) |
$750 |
ACTR Subscribers/Members & Others |
$750 |
For a look at the contents of the white paper on Driver Turnover:
Table of Contents
To order the 198 page Driver Turnover white paper,print the order form below and fax it to us at 812-378-5997. The paper will be distributed by email attachment. Payment by company or personal check is requested.
Order form
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