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Avoiding Predatory Lending

Posted on Feb 18, 2015 in Career

  The trucking industry certainly has its share of problematic issues which most often are aimed at the drivers’ ability to succeed or fail in their chosen career. On average, the beginning trucker will last only six months before calling it quits and with the ongoing regulatory process constantly working to appease various political groups, more veteran truck drivers are slowly shifting away from the over-the-road (OTR) sector. Although one would hope to see the industry step up and take responsibility for its own downfall, one of the most serious issues within the industry which is still very prevalent today and one which is largely responsible for many drivers’ financial ruin: the motor carrier truck leasing program. Although a precise and definite interpretation has yet to be established, Debt.org defines predatory lending as: “any lending practice that imposes unfair...

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Driver Search Still On

Posted on Feb 1, 2015 in Career

    Going into 2015, motor carriers continue to grapple with the problem of finding and recruiting good drivers. Employers are fighting the shortage with higher wages and decreased experience requirements. More than 90 percent of carriers reported in a recent survey by Transport Capital Partners that they will increase driver wages during the next 12 months. Some will raise pay by as much as 10 percent. “Carriers are seeing potential applicants go to other sectors, like construction, where there is more predictable home time and where extra pay is not limited by federal hours of service regulations,” said TCP Partner Steven Dutro, in the survey report. Because of those issues, even the largest wage increases may not be enough to put a dent in the shortage. “We think we’ll need to see really significant pay increases to start...

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Dry Van Carrier with Fleet of 950 Trucks Opts for Driver Retention Program

Posted on Jan 18, 2015 in Career

  Even better, during the first six months, Super Service reduced its turnover rate of the highest-risk 10 percent of drivers from 203 percent to 66 percent, retaining an average of 20 drivers per month, and saved more than $60,000. The company noted that previously, its “approach to driver retention was reactive,” according Vaughn Yow, vice president of operations at Super Service.  The new system, provided by Omnitracs, has been instrumental in the company improving driver retention by “identifying the ‘at-risk’ drivers who were most likely to quit, and then addressing their concerns based on the model’s predictions.” Yow further stated, “The results have been increased driver satisfaction and reduced churn, and in just one month, the technology paid for itself more than once.” Read...

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Super Service retains more drivers with predictive modeling

Posted on Jan 18, 2015 in Career, Finance

  Omnitracs Analytics, a business unit of Omnitracs formerly known as FleetRisk Advisors, announced that Super Service, a 950-truck privately held dry-van carrier delivering consumer products, beverages and paper, deployed Omnitracs Analytics’ Driver Retention Model across its entire fleet. During the first six months, Super Service reduced its turnover rate of the highest-risk 10 percent of drivers from 203 percent to 66 percent, retaining an average of 20 drivers per month and saving more than $60,000. “Prior to deploying the Omnitracs Analytics’ predictive analytics platform, our approach to driver retention was reactive,” said Vaughn Yow, vice president of operations at Super Service. “Omnitracs Analytics has been instrumental in helping us improve driver retention by identifying the ‘at-risk’ drivers who were most likely to quit, and then addressing their concerns based on the model’s predictions.” Yow went on to say...

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An entertaining option to truck driver retention

Posted on Dec 31, 2014 in Career, Equipment

  As more carriers seek solutions to solve the driver shortage crisis, which is now pegged at about 30,000, a new alternative is popping up. Raising pay and more home time are among the common solutions put forth, but now some fleets are turning to satellite TV. Boyd Bros. Transportation is the latest carrier to try the entertainment approach. “At Boyd Bros., we take pride in offering the best benefits to drivers, including the highest flatbed driver pay in the industry, retirement savings plans, schedules that bring drivers home weekly, late model trucks, and the latest communications technology,” said James Watkins, manager of mobile communications at Boyd Bros. “With EpicVue in a sample group of 150 vehicles, driver retention more than doubled over non-equipped vehicles. Our goal is not just to attract drivers but also to keep them, and...

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Teamsters Get First Win in Attempt to Organize FedEx Freight Drivers

Posted on Oct 15, 2014 in Career, Regulatory

  After years of attempting to organize drivers at the trucking company FedEx Freight, the Teamsters Union on Tuesday scored its first victory. A group of 47 drivers at FedEx Freight’s East Philadelphia terminal in Croydon, Pennsylvania, voted to join Teamsters Local 107 in Philadelphia. The vote was 26-18. “The drivers are fed up with FedEx Freight,” said Teamsters General President Jim Hoffa. “These workers are tired of management talking down to them at every chance, and they want decent benefits, including more affordable health insurance. They also want consistent and fair working conditions and a more hopeful future.” In a statement, FedEx said, “We believe our open and thriving work environment provides a more flexible, team-oriented and customer-focused work model than the union offers.” The company also said it is considering its options following the vote, including an...

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