Overall truckload fleets have seen turnover rates jump to 98 percent, and while much of the focus of higher turnover rates revolves around full truckload, the guarded less-than-truckload (LTL) fleets are starting to see a shift in turnover as well.
Understanding industrywide turnover rates for trucking is essential to reducing freight spend for shippers.
High driver turnover in full truckload can have a compounding effect of eliciting higher turnover rates in LTL carriers.
LTL fuel surcharges and price hikes are not going away any time soon, and shippers need to know that surcharges may not be included with initial freight quotes.
LTL pricing models are evolving, and US LTL carriers must abandon their antiquated deficit rating models.
In addition to making more money on lower weight shipments, LTL carriers can reduce the amount of work necessary to rating a shipment.
Think about it; current practices require double the work in determining the rate for the shipment.