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.
July 11, 2012 -
Carriers Expecting an Increase in Driver Wages Over the Next Year
July 11, 2012 -
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.
July 11, 2012 -
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.
July 10, 2012 -
Small Increases in Driver Wages Likely to Exacerbate Driver Turnover
TheTrucker.com 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.
July 10, 2012 -
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.
June 27, 2012 -
Dedicated Services a Win for Both Carriers and Shippers in Long-Term
Carriers are reluctant to add capacity, says TheTrucker.com in a recent article citing TCP’s Second Quarter 2012 Business Expectations Survey. Mikes is cited in the article discussing how, in the long run, dedicated services will be a win for both carriers and shippers. To read the full article and findings from the survey, click here.
June 27, 2012 -
Shippers Also Worried about CSA Scores
Steelhead Finance reports on the TCP’s recent industry survey that found that shippers are also worried about the CSA scores of carriers. Over 72% of surveyed carriers say that some of their customers are concerned about CSA scores. For more information on carriers future expectations for CSA scores, read the full article here.
June 27, 2012 -
Carriers Are Still Hesitant to Add Capacity
Carriers are still hesitant to add capacity reports Today’s Trucking. Results from TCP’s second quarter Business Expectations Survey show the 71% of carriers expect to add little or no capacity in the coming year. Mikes, TCP Partner, states that this is due to an increase in regulation and the challenges of finding qualified drivers. Read more about the survey results here.
June 25, 2012 -
Shippers Starting to Pay More Attention to CSA Scores
A recent article by Transport Topics highlights that shippers are starting to pay more attention to the CSA scores of carriers. More than 72% of surveyed carriers state that some of their customers are concerned about CSA scores, and might even fire a carrier with low CSA scores. The article also discusses CSA’s approach to whose accountable for accidents as well the disparity in use of elogs between large and small carriers. Click here to download the article.
June 20, 2012 -
Trucking Capacity Shrinking Due to Driver Shortage
Is a shortage of drivers hampering the trucking industry? In a speech made by Rosalyn Wilson, author of the 2012 Annual State of Logistics Report prepared by the Council of Supply Chain Management Professionals, predictions are made that trucking capacity is shrinking due to a shortage of drivers. Wilson references findings from TCP’s quarterly Business Expectations Surveys. Read the Charleston Business Journal’s review of the speech here.
