The Weekly Report brings you updates on the most important driver recruiting metrics each and every week. In addition to updated click, search and spot rates, we cover a new story of the week. This week’s story – A recent survey revealed pay is no longer company drivers’ top concern.
We provide the Weekly Report in numerous formats every week. Which one is right for you? Watch the latest reports on our Recruiting Resources or YouTube pages, use our Numbers at a Glance section for quick visual references, download the Weekly Report PDF (available below), read the transcript, or listen to the audio version of the December 8, 2021, Weekly Report below.
|WOW: ▼ Down 1/2¢ per mile|
|Spot Rates by Segment|
|WoW: Dry Van ▲ Up1¢ per mile|
|WoW: Refrigerated ▲ Up 4¢ per mile|
|WoW: Flatbed ▲ Up 2¢ per mile|
|Load Posting Volume|
|WOW: ▲ Up 81%|
|Load Volume by Segment|
|WoW: Dry Van ▲ Up 80%|
|WoW: Refrigerated ▲ Up 38%|
|WoW: Flatbed ▲ Up 108%|
|WOW: ▲ Up 71%|
|Truck Driver Searches|
|WOW: ▲ Up 13%|
|MoM: ▼ Down 19%|
|YoY: ▼ Down 28%|
|Clicks on Truck Driver Postings|
|WOW: ▲ Up 37%|
|MoM: ▼ Down 6%|
|YoY: ▲ Up 15%|
Would you like to have your own copy of the trucking industry data? All of the information covered in this week’s report for December 8, 2021, is available for your convenience in PDF form below.
Hello everyone and welcome back to the show that takes a look back to help you move forward. It’s the Weekly Report. For Randall-Reilly I’m Joshua Miller.
I have all the latest on searches, clicks, rates, more for you … but before we get to that if you happen to be watching us on YouTube don’t forget to like, share, and subscribe. Go ahead and click that little bell icon for notifications while you’re at it. All right let’s get into the report.
We saw an increase of 13% WoW, and decreases of 19% MoM, and 28% YoY. For clicks we saw an increase of 37% WoW, while numbers were still down by 6% MoM, but up 15% YoY.
As expected, click activity bounced back after Thanksgiving, and all tracked driver types (those being company, owner-ops, team, inexperienced/trainee) had a minimum of a 19% increase WoW.
Though the spot market did not follow the typical seasonal pattern immediately prior to Thanksgiving, it did see the typical rebound in volume following the holiday.
Total load postings shot up by 81% compared to Thanksgiving week, and all three major segments saw large increases in load postings. Dry van shot up 80%, refrigerated increased by 38%, and flatbed saw an increase of 108% WoW.
Among those gains, the dry van load posting volume was at one of the highest levels on record, with only the weather-related spike in February and the last week of September posting higher numbers.
The load-to-truck ratio rose slightly as the overall truck availability increased by 71% WoW.
Spot rates declined slightly as the overall rates were down by 1/2¢ WoW. But all three major segments saw gains. Dry van rates increased by 1¢, refrigerated was up 4¢, and flatbed rates increased by 2¢ WoW. Now I know what you’re thinking … how did all three major segments see increases, yet the overall rates still declined? Well, that would be due to the specialized rates dropping by 3¢ WoW to drag the overall average down.
A new American Transportation Research Institute study finds that company drivers value job stability more than any other factor … including income.
The ATRI study questioned drivers on motivating factors and satisfaction levels regarding those factors. Job security/stability was the number one motivating factor cited by company drivers, followed by income and healthcare/retirement savings.
The largest gap between drivers motivating factors and satisfaction levels was healthcare/retirement savings, with 79% of drivers citing it as a key motivation while only 60% of drivers reported being satisfied with their current healthcare/retirement savings situation.
That’s it for this week’s report. Thanks so much for joining. Come on back and see us next week for an all-new report featuring all the latest recruiting data and a brand-new story of the week. Until then, have a great week everybody.