The Weekly Report brings you updated data on recruiting metrics including click, search, and spot rates, plus a new story of the week. This week’s story – The ATA urges Washington D.C. to take action.
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We provide the Weekly Report in numerous formats every week. Which one is right for you? Watch the latest reports on our Talent Intelligence Resource page or YouTube channel, 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 June 8, 2022, Weekly Report below.
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Numbers at a Glance
| Spot Rates |
| WOW: ▼ Down 1.5¢ per Mile |
| Spot Rates by Segment |
| WoW: Dry Van ▼ Down 3¢ per Mile |
| WoW: Refrigerated ▼ Down 9¢ per Mile |
| WoW: Flatbed ▲ Up 1¢ per Mile |
| Load Posting Volume |
| WOW: ▼ Down 21% |
| Load Volume by Segment |
| WoW: Dry Van ▼ Down 20% |
| WoW: Refrigerated ▼ Down 22% |
| WoW: Flatbed ▼ Down 23% |
| Truck Postings |
| WOW: ▼ Down 2% |
| Truck Driver Searches |
| WOW: ▼ Down 8% |
| MoM: ▼ Down 15% |
| YoY: ▼ Down 11% |
| Clicks on Truck Driver Postings |
| WOW: ▼ Down 6% |
| MoM: ▲ Up 5% |
| YoY: ▲ Up 6% |
June 8, 2022 Driver Recruiting Insights
Would you like to have your own copy of the trucking industry data? All of the information covered in this week’s report for June 8, 2022, is available for your convenience in PDF form below. Click the image to view and download your copy of the Weekly Trucking Insight.
Weekly Report Transcript – June 8, 2022
Hello everyone and welcome to the Weekly Report. For Randall Reilly, I’m Joshua Miller. If you like our show don’t forget to like, share, and subscribe so you never miss out on new driver recruiting content.
Speaking of driver recruiting content, an all-new Digging Deeper debuts tomorrow. In a very special episode, Dave will be welcoming his all-time favorite guest. Who? You’ll have to watch to find out.
Register to take part in the online debut followed by an exclusive Q&A session. Links below.
Now let’s get to this week’s report.
THIS WEEK IN JOB BOARD SEARCHES AND CLICKS
Searches were down across the board. We saw declines of 8% WoW, 15% MoM, and 11% YoY. Little bit of a different story with clicks as we saw clicks decline 6% WoW, but increases of 5% MoM, and 6% YoY.
THIS WEEK IN FREIGHT
Total load postings fell by 21% WoW. That is a pretty big drop but was expected because of the Memorial Day holiday. As you may be expected all three segments saw load volume drop. Dry van was down 20%, refrigerated 22%, and flatbed volume was down 23% WoW.
Load postings were also down in all regions.
Truck availability declined slightly with a 2% drop WoW as the overall load-to-truck ratio fell.
Spot rates dipped by 1.5¢ per mile WoW. Dry van rates were down 3¢, refrigerated declined 9¢, but flatbed inched up by 1¢ per mile WoW.
STORY OF THE WEEK
The ATA is calling on Washington to help ease the pain at the pump. As prices continue to rise to historic levels, the ATA points out that those hit the hardest are smaller fleets, which don’t operate at a scale to enable them to negotiate or lock in lower rates.
To help combat the skyrocketing prices, the ATA argues that Washington must rapidly expand domestic energy production. To that end, they are calling for the following actions to be taken:
- Increase offshore energy production to utilize the oil and natural gas in the Gulf of Mexico
- Fast track expanded production of onshore oil and natural gas
- Announce realistic leasing and development opportunities for onshore and offshore energy
- Expedite permitting for pipelines and other energy infrastructure
- Ensure that America remains a world leader in emission reduction by encouraging carbon capture and sequestration rule making
The ATA goes on to point out that while battery-electric and hydrogen fuel cell trucks are on the horizon, decarbonization cannot be realized overnight. America’s power grid cannot currently support the required charging infrastructure associated with these alternative options.
That does it for this week’s report. We hope this information has been useful and informative to you. As always, there’s a pdf version of all the information we covered today available in the description on YouTube and down in the main body of the page on our Randall Reilly site. Don’t forget to register and join us for the new Digging Deeper tomorrow, links for that are below as well. Until next time, have a great week everybody.
