October 1, 2020

News and Events

Truckload Turnover Plunges in
Second Quarter

The annualized turnover rate at both large and small truckload carriers experienced declines of double digit percentage points in the second quarter as the industry was roiled by the COVID-19 pandemic.

“The second quarter was a tumultuous one for trucking, and the broader economy, as restrictions imposed to slow the spread of the COVID-19 had significant impacts on the country,” said American Trucking Associations Chief Economist Bob Costello said. “The coronavirus had a profound impact on the driver market – particularly in the first part of the second quarter. By the end of the quarter, we had begun to see the market tighten again as various restrictions began to be lifted.”

In the second quarter, the turnover rate at truckload carriers with more than $30 million in annual revenue fell 12 percentage points to 82% – the lowest level since the end of 2018. The rate at smaller truckload carriers fell ten points to 60%, the lowest level since the final quarter of 2011.

“After steep drops early, the driver market began to normalize toward the end of the quarter,” Costello said. “As the economy continues to recover, we should see the market for drivers continue to tighten going forward.”

The annualized turnover rate at less-than-truckload carriers was unchanged at 12% during the second quarter.

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Poll Results

Are you in favor of lowering the Interstate CDL age to 18?

Yes - 20%

No - 73%

Not Sure - 7%

Total Replies : 179

Trucking Trade Shows Go Virtual

With the human and economic costs of the COVID-19 pandemic weighing heavily on the country and the world, 2020 has been anything but a normal year for the commercial transportation industry.

Trucking and logistics companies have implemented new sanitation and social distancing measures to help mitigate the spread of the coronavirus, while also adjusting their operations and shifting capacity amid volatile market conditions.

At the same time, this public health crisis also has greatly disrupted another facet of the transportation industry — trade shows and conferences.

These gatherings have long served as important venues for industry leaders to come together to share knowledge, exchange ideas, discuss policy and check out the latest trucking equipment and technology.

But with large, in-person meetings deemed impossible during the pandemic, many of the most prominent events on the 2020 calendar have been canceled, or have moved to an online-only format.

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Women In Trucking Association Announces
U.S. Secretary of Transportation
Elaine Chao Keynote Speaker

The Women In Trucking Association (WIT) announces today the full content line-up, with U.S. Secretary of Transportation Elaine Chao as keynote speaker of its 2020 Accelerate! Virtual Conference & Expo. The fully virtual event will take place Nov. 12-13, 2020.

“This event brings together those in the transportation and logistics industry who have a keen interest in how gender diversity can have a positive impact on businesses within our industry,” said Ellen Voie, WIT president and CEO. “It will provide knowledge, new ideas, best practices, and virtual networking that will support the overall industry’s efforts in generating more diversity as well as WIT’s overall mission: To encourage the employment of women in the trucking industry, promote their accomplishments, and minimize the obstacles they face.”

The virtual conference will feature more than 40 educational sessions on critical transportation issues and trends, along with insights from women in the industry. The education of the conference focused on five educational tracks: Leadership, Professional Development, HR/Talent Management, Operations, and Sales & Marketing. Along with the keynote by Secretary Chao, other primary sessions include:

“Futurenomics: An Economic Snapshot and What to Do Next,” by Dr. Mary Kelly, an internationally renowned author and leader

“Strategies to Turn Uncertainty to Competitive Advantage,” by Meredith Elliott Powell, who is regularly featured in Forbes, Fast Company, and Investment News

“Voice of the Professional Driver,” a panel to provide unique perspectives and an understanding of life on the road

“Becoming a Women of Influence,” a panel to provide insights and life experiences from six finalists of the 2020 WIT Influential Woman In Trucking award

“Successful Careers through Productivity and Performance” from a panel of women who have established successful careers and have been named the 2020 “Top Women To Watch in Transportation”

“Inclusive Leadership: How to Mitigate Unconscious Bias” by Melanie Miller, a professional speaker on women’s issues

“Taking Transportation Forward: The WIT Diversity and Inclusion Index,” a conversation led by Mark Murrell and Jane Jazrawy, co-founders of CarriersEdge.

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Latest Survey

The TruckDriver.com Age Matters Survey results are in.

Are you in favor of lowering the Interstate CDL age to 18?

Yes - 20%
No - 73%
Not sure - 7%

All we can say is, interesting.

Next up, the TruckDriver.com 2020 Voter Participation Survey. Cast your vote!

Don’t forget the American Trucking Associations (ATA) COVID-19 HUB provides the latest news, guidance and resources to help members and other industry stakeholders navigate the ongoing pandemic.

Visit the Hub by clicking here.

Keep on truckin’ and please drive safely.

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Your Comments are Always Welcome

We do like to hear from you and invite you to let us know how we can
improve the e-Report. Please send your ideas and suggestions to:
jobs@truckdriver.com

Truckload Turnover Plunges in Second Quarter

Truckload Turnover Plunges in
Second Quarter