The Weekly Report brings you updates on the most important driver recruiting metrics each and every week. In addition to updated click, search and rates, we cover a new story of the week. This week’s story – As average wait times continue to increase, drivers are seeing less and less take-home pay.
New episodes of the Weekly Report premiere every Wednesday at 10 AM CT on our YouTube channel and blog 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 the October 27, 2021, Weekly Report below.
Numbers At A Glance – October 27, 2021
Truck Driver Searches
|WoW: ∇ Down 3%|
|MoM: ∇ Down 32%|
|YoY: ∇ Down 9%|
|WoW: ∇ Down 1%
Volume by Segment
|WoW: Dry Van Δ Up 2%|
|WoW: Refrigerated ≡ Flat|
|WoW: Flatbed ∇ Down 3%|
Clicks On Driver Postings
|WoW: Δ Up 4%|
|MoM: Δ Up 31%|
|YoY: Δ Up 68%
|WoW: Not Available|
|WoW: ∇ Down 6¢ per mile|
Rates by Segment
|WoW: Dry Van ∇ Down 1/2¢ per mile|
|WoW: Refrigerated ∇ Down 8¢ per mile|
|WoW: Flatbed ∇ Down 8¢ per mile|
October 27, 2021, 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 October 27, 2021, is available for your convenience in PDF form below.
Click the image to download October 27, 2021 Driver Recruiting Insights PDF.
Weekly Report – October 27, 2021 Transcript
It’s Wednesday October 27th, the final Weekly Report before Halloween. For Randall-Reilly, I’m Joshua Miller. Let’s get right to it.
THIS WEEK IN JOB BOARD SEARCHES AND CLICKS
The trend continues as searches decreased while clicks continued to rise. Searches were down 3% WoW, 32% MoM, and 9% YoY. Clicks on driver posts increased by 4% WoW, 31% MoM, and 68% YoY.
This marks the third straight week that clicks rose to their highest level since the beginning of the pandemic; but click volumes varied a bit depending on the driver type being hired. Postings for experienced company drivers actually dipped slightly, while team and owner-operator post clicks fell by 10%. Clicks on postings for inexperienced/trainee drivers, however, increased by 26%.
THIS WEEK IN FREIGHT
Total load postings declined slightly by 1% WoW, while the individual segment load posting volumes were a bit of a mixed bag. Dry van was up 2% WoW, refrigerated was flat, and Flatbed declined by 3% WoW.
On the truck availability side of things … well, I don’t know – unfortunately there was no truck availability data released this week, but we will hopefully be able to track down this week’s figures for you when we report back next week.
Spot rates were down by 6¢ per mile WoW with all three segments on the decline. Dry van fell by ½¢, and both refrigerated, and flatbed were down 8¢ per mile WoW.
STORY OF THE WEEK
As average wait times for drivers continue to climb they are seeing less and less of all that increased pay carriers shelled out to attract drivers. Supply chain woes continue to cause problems and after hovering around an average of 2 hours since June, wait times have recently been extending to 2 ½ hours or longer.
Drivers report that what used to take them 2 hours to load or unload is now taking them 4 or sometimes even 6 hours. This means that all those touted driver pay increases are being negated by the increased wait times.
The situation does, however, open the door for a new talking point for recruiters at fleets who provide good detention or hourly pay. With many drivers spending more time than ever waiting for loads instead of hauling them, these pay distinctions provide a vital and distinct recruiting edge in the current environment. If fleets do have lower than average wait times, however, that is also something that needs to be brought up and highlighted. Not only will this decrease driver headaches, but more time on the road of course translates to more take-home pay for the drivers.
That’s it for this week’s report. Thanks for joining us this week. We look forward to you joining us next Wednesday for an all-new report. Until then, happy Halloween, and have a great week everybody.