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Batts Quoted in DC Velocity Article

TCP Partner Lana Batts is quoted in a recent article by DC Velocity about the problems that truckload carriers are currently experiencing. Fleets are aging and the costs of labor, fuel, and insurance are escalating. Batts points out that shippers are “holding the line on rate increases” making it difficult for carriers to recoup costs. Read the full article about cost pressures in the trucking industry here.

Carriers Expecting an Increase in Driver Wages Over the Next Year

Carriers are expecting an increase in driver wages over the next year, but a majority of carriers expect the increase to be less than 5% reports Today’s Trucking. This slight increase, however, will not be enough to attract news drivers to a career in trucking, says TCP Partner Lana Batts, in conversations about the data from TCP’s second quarter Business Expectations Survey. Read more here.

Carriers Anticipate Small Increase in Driver Wages

Bulk Transporter discusses the recent TCP Business Expectations Survey which found that while 93% of carriers anticipate an increase in driver wages, that 71% expect these increases to be under 5%. For more information about the survey findings, read the full article here.

Impact of Driver Shortage on Driver Wages

A recent article by DC Velocity discusses the concerns of carriers that a shortage of qualified truck drivers will lead to a large increase in driver wages. The article bases the information on findings from TCP’s second quarter Business Expectations Survey. For more information about carriers’ expectations for driver wages, read the full article here.

Small Increases in Driver Wages Likely to Exacerbate Driver Turnover highlights how small increases in driver wages will likely exacerbate driver turnover and deter possible new long-term drivers. The full article also discusses that while fuel prices have decreased slightly, carriers are still working on a variety of strategies to improve their full economy. Results from TCP’s recent industry survey are cited. Read the full artlcle here.

Driver Turnover Reaches Highest Mark Since 2008

FleetOwner reports on the “Slow Climb of Driver Wages Pressuring Turnover Rate” and discusses findings of TCP’s recent industry survey. While driver wages are climbing slowly, growth in other industries such as construction could prevent potential drivers from re-entering the industry. Additionally, driver turnover reached its highest mark since the first quarter of 2008 with 90% turnover in the first quarter of this year. Read the full article here.