PewPew
I came from nothing
I couldn't fit it in the thread title but thats not an encouraging number
I can answer this. I’m in business development for one of the largest 3rd party logistics companies in America.
My job is to call different companies across the US, including Canada and Mexico, and try to convince the shipping managers to ship their full truck load and LTL shipments with us.
The reason why turnover is so high is because there’s a crazy high demand for drivers. So what drivers do is get their own Motor Carrier number, also known as a MC number, and go work for a major Corp or trucking company too.
They also usually own a power unit, aka the truck without the trailer, or they have their own truck and trailer. These are called owner ops.
The reason why the turnover is so high is because most of these owner ops would prefer working for themselves making good money, but with your own truck & trailer, costs are high. They have to factor food, fuel, and the deadhead mileage it takes to get to the next load. Truckers only get paid when the wheels are spinning.
Sooo, when they get low on money or their trucks break down and need costly repairs, they simply park their trucks and go to work for a major Corp or driving company like XPO, Warner, ABF Freight, Walmart, Publix, etc etc. Since they have their CDLs they know they’re in demand. So they work for another company just long enough to get their own shyt back up and running, then they simply quit and go back to driving their trucks.
The demand is so high that they know they can go work for another company TOMORROW if they wanted.
Having said that, there’s actually a ton of new truckers and trucks entering the market next year. My company is predicting that rates for dry can and refrigerated trucks will be slightly slower from the high we saw this year. Flatbeds will continue to make great money.
Hope that helps. To all my trucking breh with MCs in good authority, hit me up. I got full truck load shipments for days across the US
