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 – A new dispatch service aimed at helping smaller carriers and owner-operators has launched.
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Numbers at a Glance
|Spot Rates (Including Fuel)|
|WOW: ▲ 3¢ per Mile|
|Spot Rates (Excluding Fuel)|
|WOW: ▼ 9¢ per Mile|
|Spot Rates by Segment (Including Fuel)|
|WoW: Dry Van ▼ 4¢ per Mile|
|WoW: Refrigerated ▼ 6¢ per Mile|
|WoW: Flatbed ▲ 6¢ per Mile|
|Spot Rates by Segment (Excluding Fuel)|
|WoW: Dry Van ▼ 16¢ per Mile|
|WoW: Refrigerated ▼ 17¢ per Mile|
|WoW: Flatbed ▼ 5¢ per Mile|
|Load Posting Volume|
|WOW: ■ Flat|
|Load Volume by Segment|
|WoW: Dry Van ▲ 2%|
|WoW: Refrigerated ■ Flat|
|WoW: Flatbed ▼ 1%|
|WOW: ▲ 7%|
|Truck Driver Searches|
|WOW: ▼ 9%|
|MoM: ■ Flat|
|YoY: ▲ 19%|
|Clicks on Truck Driver Postings|
|WOW: ▲ 14%|
|MoM: ▼ 2%|
|YoY: ▲ 94%|
April 6, 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 6, 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 6, 2022
Hello everyone and welcome to the Weekly Report. Before we jump into this week’s numbers, I wanted to let you know that registration for this month’s Digging Deeper is now open. Our latest episode features Senior VP, Talent Intelligence, Emily Gordon and Director, Talent Solutions, Steve Squier. They sit down and talk with Dave about how fleets … just like yours, can overcome hiring barriers.
If you’d like to view the live premiere of the episode followed by a live Q&A session with Dave and his guests on Thursday, April 14th at 2 PM CST, follow the link provided below to sign up. The episode will be made available on our YouTube channel and Talent Resource page, however, that live Q&A is as always only for the premiere attendees.
Alright now on to this week’s numbers.
THIS WEEK IN JOB BOARD SEARCHES AND CLICKS
Truck driver searches were down 9% WoW, Flat MoM, and up 19% YoY. Clicks were up 14% WoW, down 2% MoM, and up 94% YoY.
THIS WEEK IN FREIGHT
Total load postings remained flat WoW. Meanwhile postings for dry van increased by 2%, refrigerated remained flat, and flatbed postings dipped by 1% WoW.
The posting volume came in 8% lower than the same week in 2021, but … it was nearly 90% ABOVE the five-year average for that week. It is likely that we’ll continue to see similar YoY decreases through at least mid-May.
The load availability was up by a significant amount in the South Central and Southeast regions, while simultaneously seeing a significant drop on the West Coast and Northeast.
Truck availability increased by 7% WoW. This increase comes as the overall load-to-truck ratio fell to its lowest level since mid-December. The load-to-truck ratio increased ever so slightly for both refrigerated and flatbed, while falling to its lowest level since January of 2021 for dry van.
Spot rates including fuel rose by 3¢ per mile WoW, with dry van and refrigerated rates falling, by 4¢ and 6¢ respectively, while flatbed rates increased by 6¢ per mile WoW.
When excluding fuel rates, however, the overall rate actually fell by 9¢ and all three segments saw drops. Dry van was down 16¢, refrigerated fell by 17¢, and flatbed decreased by 5¢ per mile WoW.
STORY OF THE WEEK
In an effort to give a competitive advantage to smaller carriers and owner-operators, the mobile application Trucker Path has launched a new personalized dispatch service.
The features for the new offering include:
- Load sourcing and negotiating
- Finding profitable loads matching driver preferences
- Truck-specific navigation for the quickest and safest routes
- Timing windows and special instructions sent directly to the driver
- Status reporting
- Suggestions of places for drivers to shut down for rest when approaching hours of service limits
- Digital paperwork
- Fuel optimization suggestions
Drivers choosing to use the service will pay 5% per booked load and need to sign a Service Legal Agreement to begin sharing their load and lane preferences with a personal dispatcher.
Trucker Path CEO, Joe Chen had this to say –
“Trucker Path Dispatch is a tech-enhanced, highly-efficient, full-service dispatch service designed specifically to serve the back-office needs of the hundreds of thousands of small carriers and owner-operators who rely on the suite of driver-focused features Trucker Path provides.”
This initial launch is said to include the top features requested by Trucker Path users, though the company plans to add additional features moving into the future.
That’s it for this week’s report. Thanks so much for joining us. Don’t forget to sign up for that Digging Deeper premiere, link and information included below. The live premiere and Q&A session will be on Thursday, April 14th, 2 PM CST. We hope to see you there. If you haven’t already don’t forget to like, share, and subscribe. Until next report, have a great week everybody.