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 – Better trailer technology aims to help alleviate driver frustration and decrease driver turnover.
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|WOW: ▲ 3¢ per Mile|
|Spot Rates by Segment|
|WoW: Dry Van ■ per Mile|
|WoW: Refrigerated ▼ 3¢ per Mile|
|WoW: Flatbed ▲ 6¢ per Mile|
|Load Posting Volume|
|WOW: ▼ 4%|
|Load Volume by Segment|
|WoW: Dry Van ▼ 5%|
|WoW: Refrigerated ▼ 8%|
|WoW: Flatbed ▼ 3%|
|WOW: ▼ Down 7%|
|Truck Driver Searches|
|WOW: ▲ Up 6%|
|MoM: ▲ Up 11%|
|YoY: ▲ Up 22%|
|Clicks on Truck Driver Postings|
|WOW: ▼ 7%|
|MoM: ▼ 16%|
|YoY: ▲ 67%|
Would you like to have your own copy of the trucking industry data? All of the information covered in this week’s report for March 23, 2022, is available for your convenience in PDF form below. Click the image to view and download your copy of the Weekly Trucking Insight.
Hello everyone and welcome to another edition of the Weekly Report. For Randall Reilly, I’m Joshua Miller. Don’t forget to like, share, and subscribe, and if you like our report check out some of the other video content. Now on with this week’s report.
Searches were up all the way around. There were increases of 6% WoW, 11% MoM, and 22% YoY. Meanwhile, clicks were down 7% WoW and 16% MoM but increased by 67% YoY.
Total load postings dropped by 4% WoW as all three segments saw declines. Dry van was down 5%, refrigerated 8%, and flatbed saw a decline of 3% WoW.
Amid these drops the strongest load posting gain was over on the West Coast. The Midwest, Northeast, and Mountain Central regions all saw double-digit percentage drops.
Overall truck availability fell by 7% as the overall load-to-truck ratio increased … but just slightly. The load-to-truck ratio for flatbed was higher while the ratio for both dry van and refrigerated was lower.
Spot rates crept up by 3¢ per mile, but again that number is including fuel. When we exclude fuel the rates actually fell by 12¢ … so, just keep that in mind.
Dry van rates remained flat, while refrigerated fell by 3¢, and flatbed rose by 6¢ per mile WoW.
Telematics providers are pushing forward with innovative technology with the goal of increasing uptime and improving driver retention. With trailer orders backlogged through the end of NEXT year, many trucking companies are looking for ways to increase trailer utilization.
In the past, most companies had a high ratio of trailers to trucks in order to move more freight and didn’t always think about how to use their assets more efficiently. However, that seems to be changing.
Several companies including SkyBitz, Phillips Connect, and Blackberry Radar have developed trailer tracking systems to help carriers improve their efficiency and reduce driver turnover.
The tracking systems now available allow fleet owners to not only boost productivity, but also improve their asset utilization, reduce costs, and improve the services provided to customers. Some systems not only have the ability to give near real-time data on location and updates on whether the trailer is currently loaded or empty, but some also provide visibility into the trailer’s health.
Meaning they provide the ability to monitor and diagnose tire anomalies, lighting outages, and brake pad conditions.
Better trailer technology helps reduce driver frustration and stress, which in turn decreases driver turnover. Accurate trailer statuses and real-time assessment of trailer health improve driver satisfaction by improving uptimes and helping to catch potential issues before they can become a problem on the road.
That does it for this week’s report. Thanks for joining us today. We hope the information has been useful to you. If you’d like a copy of all the data we covered today, as always there is an available PDF download in the YouTube description and in the main body of the post over on our Randall Reilly Talent Resources page. We look forward to you joining us for another all-new report next week as we take another look back to help you move forward. Until then, have a great week everybody.