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 – December truck orders are one of the weakest of 2021.
New episodes of the Weekly Report premiere every Wednesday at 10 AM CT on our YouTube channel and Recruiting Resources page.
We provide the Weekly Report in numerous formats every week. Which one is right for you? Watch the latest reports on our Recruiting Resources or YouTube pages, use our Numbers at a Glance section for quick visual references, download the Weekly Report PDF (available below), read the transcript, or listen to the audio version of January 19, 2022, Weekly Report below.
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Numbers at a Glance
|WOW: ▼ Down 4¢ per mile|
|Spot Rates by Segment|
|WoW: Dry Van ▼ Down 2¢ per mile|
|WoW: Refrigerated ▼ Down 11¢ per mile|
|WoW: Flatbed ▲ Up 6¢ per mile|
|Load Posting Volume|
|WOW: ▲ Up 6%|
|Load Volume by Segment|
|WoW: Dry Van ■ Flat|
|WoW: Refrigerated ▼ Down 12%|
|WoW: Flatbed ▲ Up 22%|
|WOW: ▲ Up 2%|
|Truck Driver Searches|
|WOW: ▲ Up 3%|
|MoM: ▲ Up 16%|
|YoY: ▼ Down 21%|
|Clicks on Truck Driver Postings|
|WOW: ▼ Down 10%|
|MoM: ▲ Up 33%|
|YoY: ▲ Up 50%|
January 19, 2022 Driver Recruiting Insights
Would you like to have your own copy of the trucking industry data? All of the information covered in this week’s report for January 19, 2022, is available for your convenience in PDF form below.
Weekly Report Transcript – January 19, 2022
Hello everyone, welcome to the Weekly Report. For Randall-Reilly, I’m Joshua Miller. If you’re watching us on YouTube and haven’t already … subscribe to our channel and click that bell for notifications. If you’re over on our website and you’d like to check out our YouTube channel, you can get their scrolling down the page and clicking on the subscribe button with the YouTube and show logos.
We release brand new video content every week, and we have a lot of great videos coming your way. This week the final part of Listening in with Seth’s perfect call series debuted. If you haven’t watched Seth’s show … check it out! Now on to the report.
THIS WEEK IN JOB BOARD SEARCHES AND CLICKS
Truck driver searches were up 3% WoW and 16% MoM but dropped 21% YoY. Clicks on driver searches fell 10% WoW but rose 33% MoM and 50% YoY.
This past week we saw searches tick up while clicks dropped from the previous week, but click volumes remain well above the early 2021 volumes, suggesting drivers have a much greater job search intent on job boards.
THIS WEEK IN FREIGHT
Load postings were up 6% WoW, but that’s primarily due to flatbed volumes. Dry van loads remained flat, while refrigerated fell 12%, and flatbed jumped up by 22% WoW.
Truck availability climbed by 2% WoW as the load-to-truck ratio rose to its highest level since late June.
Spot rates fell 4¢ WoW. Dry van dipped by 2¢, refrigerated rates fell by 11¢, and flatbed increased by 6¢ WoW. Overall rates were about 20% higher year over year.
One thing to note here – there was a bit of a cold snap over the weekend. That widespread winter weather could end up resulting in bigger changes to the spot metrics in the coming week.
STORY OF THE WEEK
Despite ongoing production woes, truck orders hit 365, 000 units for 2021. This order volume, however, still understates the tremendous demand for new trucks. OEMs may have fleet commitments for 2022, but they are seemingly delaying entering those orders until they know how many they will be able to build each month.
replacements. And while 2021 orders were well above historical averages, they still fell short of the record set in 2018 of 490,000 units ordered.
Order activity seemed to drop off steeply in the final two months of 2021. December orders ended up being the second weakest of the year with only November having a lower number.
That does it for this week’s report. Don’t forget to check out Randall-Reilly Recruiting Resource page on our site and YouTube channel for other great driver recruiting content, like that new episode of Listening In that I mentioned earlier. We’ll be back next Wednesday morning with another new Weekly Report covering all the important recruiting data and featuring a new story of the week. Until then, have a great week everybody.