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 – Come January 1, 2023, as many as 80,000 trucks could be banned from running in the state of California.
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Numbers at a Glance
|Spot Rates (Including Fuel)|
|WOW: ▼ 1.5¢ per Mile|
|Spot Rates (Excluding Fuel)|
|WOW: ▼ 13¢ per Mile|
|Spot Rates by Segment (Including Fuel)|
|WoW: Dry Van ▼ 7¢ per Mile|
|WoW: Refrigerated ▼ 3¢ per Mile|
|WoW: Flatbed ▲ 1¢ per Mile|
|Spot Rates by Segment (Excluding Fuel)|
|WoW: Dry Van ▼ 19¢ per Mile|
|WoW: Refrigerated ▼ 15¢ per Mile|
|WoW: Flatbed ▼ 10¢ per Mile|
|Load Posting Volume|
|WOW: ▼ 7%|
|Load Volume by Segment|
|WoW: Dry Van ▼ 8%|
|WoW: Refrigerated ▲ 1%|
|WoW: Flatbed ▼ 8%|
|WOW: ▲ 15%|
|Truck Driver Searches|
|WOW: ▲ 4%|
|MoM: ▼ 5%|
|YoY: ▲ 26%|
|Clicks on Truck Driver Postings|
|WOW: ▼ 7%|
|MoM: ▼ 12%|
|YoY: ▲ 65%|
April 13, 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 April 13, 2022, is available for your convenience in PDF form below. Click the image to view and download your copy of the Weekly Trucking Insight.
Weekly Report Transcript – April 13, 2022
Hello everyone and welcome to another edition of the Weekly Report. For Randall Reilly, I’m Joshua Miller. If you like our content, please subscribe to our channel, smash that like button, and hey go ahead and share the content while you’re at it.
Don’t forget that we have a brand-new Digging Deeper premiering this week. The online debut will be followed by a live Q&A session with Dave and his guests. The episode premieres tomorrow afternoon, Thursday, April 14th at 2 pm CST. More info and a link to sign up is included below.
But enough that, let’s get to this week’s report!
THIS WEEK IN JOB BOARD SEARCHES AND CLICKS
Driver searches up 4% WoW, down 5% MoM, and up 26% YoY. For clicks we saw a drop of 7% WoW and 12% MoM, but an 65% increase YoY.
THIS WEEK IN FREIGHT
Total load postings fell by 7% WoW. That comes in 18% lower than the same week in 2021 but 83% higher than the five-year average for the week.
The only segment to see an increase was refrigerated which ticked up by just 1% while both dry van and flatbed both fell by 8% WoW.
Regionally the load availability rose slightly in the Southeast, while remaining flat in the South Central region, and falling sharply in pretty much all other regions.
Overall truck availability was up by 15% WoW as the overall load-to-truck ratio fell to its lowest since December of 2020.
When including fuel, spot rates fell nearly 1.5¢ WoW with dry van rates falling by 7¢ and refrigerated declining by 3¢, but flatbed rates increased by 1¢ per mile WoW.
Excluding fuel the overall spot rates fell by 13¢ WoW and all three segments saw a decline in rates. Dry van fell 19¢, refrigerated 15¢, and flatbed was down 10¢ per mile WoW.
STORY OF THE WEEK
If nothing changes there could be as many as 80,000 trucks on the road right now banned from operating in California. Beginning in January of 2023, trucks with pre-2010 emission-spec engines may not be able to operate in the state.
Why? The California Air Resources Board (CARB) passed the rule and originally imposed the deadline some fourteen years ago. If allowed to stand as written and actually enforced, the use of all 2008-2009 emission-spec engines will be strictly prohibited.
RigDig Business Intelligence identified around 76,000 unique VINs tied to trucks in the 2007-2009 model years that have worked in California within the past five years. This number equates to 17% of California’s commercial motor vehicle fleet.
For owners in California, the trucks will be blocked from registering after January 1st. Out-of-state owners with older engines could face steep fines or even truck impoundment if found to be running the newly banned vehicles.
As you can imagine, there has been pushback on the impending standards. Various trucking groups have appealed to CARB in an attempt to delay the implementation of the new rules. They cite manufacturing challenges which have caused shortages to both new and used trucks, and argue that the new rule would decrease efficiency at California ports at a time when they are already struggling with port congestion. If implemented as planned as much as one third of the drayage fleet would be banned from terminals under the new rule.
So far CARB has yet to issue an official response.
That does it for this week’s report. Thanks so much for joining us. Sign up for that Digging Deeper and join us tomorrow for the premiere and Q&A session. I’ll be back next week with updated figures and an all- new story of the week. Until then, have a great week everybody.