Driver IQ

FreightWaves Radio’s seventh national show was broadcast on Saturday, April 6 on SiriusXM’s Road Dog Channel 146.

One-quarter of carrier respondents to a new survey believe that driver pay will need to approach $100,000 a year before it makes a dent in driver turnover.

Driver iQ’s third quarter recruitment and retention survey found that driver turnover costs the truckload industry over $10.6 billion per year, and over one-third of fleets surveyed expect turnover to increase or remain the same.

Using Driver iQ’s Q218 survey on driver recruitment and retention as a point of reference, Stifel Capital Markets hosted Lana Batts, Co-President of Driver iQ and Eric Fuller, President and CEO of U.S. Xpress, inc. to discuss driver recruitment and retention trends in 2018 and beyond.

Driver iQ’s second quarter recruitment and retention survey found that, on average, carrier’s expect driver turnover to continue to climb alongside driver pay and sign-on bonuses. When results were broken down by carrier size, however, it became clear that there is a difference between how large and small carriers think about turnover.