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Who Does Driver Turnover Cost?

Who Does Driver Turnover Cost?

In my last article, I talked about Driver Turnover and gave some reasons as to why it is so high. In today’s article, I want to talk about what — and who — driver turnover costs. Effects on Drivers The trucking industry is notorious for having a high turnover...
Why is Driver Turnover so Bad?

Why is Driver Turnover so Bad?

The American Trucking Association, in 2015, published a study that said the rate of driver turnover was 102%.  Let’s say that a company has a fleet of 200 drivers.  If their turnover rate is 102%, they are hiring 204 drivers every year. This means that any...
Why Companies Use Trucks for Moving Oil

Why Companies Use Trucks for Moving Oil

There is no question that trucking is the least efficient way of moving oil. Nevertheless, the oil trucking industry employs well over a million people.  Pipelines can move hundreds of thousands of barrels at a time.  Trains can move tens of thousands. ...
Making Money in Oil Trucking (Company Edition)

Making Money in Oil Trucking (Company Edition)

I’ve talked to drivers in these articles before about how much it costs to maintain trucks as an owner/operator. Companies shell out $170,000 just to buy the initial truck. Thenthey shell out another $180,000 just to keep it going.  This price can be as high as...
Trucking Job Troubles

Trucking Job Troubles

Not every trucking job is created equally. Anyone who has spent time in the industry can tell you that.  In addition to differing responsibilities, the pay also differs.  While there may be a shortage in the trucking industry at this point, many truckers...
The Great Driver Shortage

The Great Driver Shortage

There has never been a better time for crude drivers.  The continued expansion of the Permian Basin (the oilfields out in Midland, Odessa, San Angelo, etc.) has driven the demand for drivers up.  In fact, the shortage of drivers has all but stopped the oil...