The Costs of Truckload Driver Turnover

This study obtained usable data from 15 companies interviewed in an effort to analyze the full cost of truckload driver turnover. Companies ranged from 32 to 9,463 trucks, and included dry van, reefer, and flatbed carriers. Some were company driver fleets and others used owner-operators. The cost of turnover was based on the costs of: (1) Entry and exit administration; (2) Fixed asset costs due to idle equipment; (3) Profit lost due to idle equipment; and (4) Other costs including safety/insurance/legal, maintenance, and productivity loss. The average cost of turnover per driver for all companies in the study was $8,234 and ranged from $2,243 to $20,729. For company driver fleets, the average was $7,923. For dry van, company driver fleets, the average was $8,612. And for reefer, company driver fleets, the average was $6,420. Individual companies varied widely from these averages, usually depending on the quality of the records that they kept.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; Figures;
  • Pagination: 18p

Subject/Index Terms

Filing Info

  • Accession Number: 01699130
  • Record Type: Publication
  • Report/Paper Numbers: SP-146
  • Files: TRIS
  • Created Date: Mar 22 2019 10:03AM