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I own a recruiting tech company, and we have more than a few trucking companies that use our P2P chat system. In general (yes, there are exceptions): 1. Insura

I own a recruiting tech company, and we have more than a few trucking companies that use our P2P chat system. In general (yes, there are exceptions): 1. Insurance rates dictate the minimum age... which is often around 26. 2. Average age of a truck driver is 56. So 4 years from retirement. 3. Federal laws are now much stricter on disclosure, so drivers who would have just moved from company to company after an accident... are now not able to get jobs nearly as easily. This is for the best, but the short term effect is there are many drivers who will have to find a new profession. 4. Wages are going up quickly and many drivers are changing jobs once per year (sometimes more)

syshum 5y ago
>>Insurance rates dictate the minimum age... which is often around 26. Many of the larger trucking companies are self insured, so this really does not apply to them >>Average age of a truck driver is 56. So 4 years from retirement. Where do you get that drivers will retire @ 60? For most of them their Social Security will not kick in until 67, and I do not know many drivers that have a fully funded individual retirement account. >>Federal laws are now much stricter on disclosure, so drivers who would have just moved from company to company after an accident.. This is really not due to Federal laws, there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency Edit: DAX/DAC System I believe, or something like that >>Wages are going up quickly and many drivers are changing jobs once per year (sometimes more) They are still using the flawed Per Mile pay scheme which means drivers will still end up being screwed in the end. Further more companies are adopting the "Owner Operator" model where by the driver is leasing the truck from the company at an obscene rate far more than the truck is actually worth, and the driver then bares all the costs and if they do not get enough work the company takes back the truck, leases to a new sucker, and send the original driver into collections bankrupting him/her
- walleeee 5y ago
  > there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency You may be thinking of AAMVA?
- indymike 5y ago
  > Many of the larger trucking companies are self insured, so this really does not apply to them Yes, and those in-house insurance policies dictate hiring practices, not the other way around. > This is really not due to Federal laws, there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency Yes, and last year the DOT (federal agency) rolled out required background checks. Was a really big deal from January to March, as companies large and small had to say no to a lot of applicants. Most of the data came from state BMV records that were "linked" and surfaced a lot of surprises when companies background checked their existing employees. > They are still using the flawed Per Mile pay scheme which means drivers will still end up being screwed in the end. Further more companies are adopting the "Owner Operator" model where by the driver is leasing the truck from the company This practice has always been a bad thing.
pc86 5y ago
I would be shocked if the average truck driver is retiring at 60.
fidesomnes 5y ago
> 2. Average age of a truck driver is 56. So 4 years from retirement. things that will never happen in our lifetime.

syshum 5y ago

>>Insurance rates dictate the minimum age... which is often around 26. Many of the larger trucking companies are self insured, so this really does not apply to them >>Average age of a truck driver is 56. So 4 years from retirement. Where do you get that drivers will retire @ 60? For most of them their Social Security will not kick in until 67, and I do not know many drivers that have a fully funded individual retirement account. >>Federal laws are now much stricter on disclosure, so drivers who would have just moved from company to company after an accident.. This is really not due to Federal laws, there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency Edit: DAX/DAC System I believe, or something like that >>Wages are going up quickly and many drivers are changing jobs once per year (sometimes more) They are still using the flawed Per Mile pay scheme which means drivers will still end up being screwed in the end. Further more companies are adopting the "Owner Operator" model where by the driver is leasing the truck from the company at an obscene rate far more than the truck is actually worth, and the driver then bares all the costs and if they do not get enough work the company takes back the truck, leases to a new sucker, and send the original driver into collections bankrupting him/her

walleeee 5y ago
> there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency You may be thinking of AAMVA?
indymike 5y ago
> Many of the larger trucking companies are self insured, so this really does not apply to them Yes, and those in-house insurance policies dictate hiring practices, not the other way around. > This is really not due to Federal laws, there is a company the name escapes me right now that is similar to Consumer Credit Agency that tracks all driver activity, companies self report accident, and other adverse load events to this reporting agency Yes, and last year the DOT (federal agency) rolled out required background checks. Was a really big deal from January to March, as companies large and small had to say no to a lot of applicants. Most of the data came from state BMV records that were "linked" and surfaced a lot of surprises when companies background checked their existing employees. > They are still using the flawed Per Mile pay scheme which means drivers will still end up being screwed in the end. Further more companies are adopting the "Owner Operator" model where by the driver is leasing the truck from the company This practice has always been a bad thing.

pc86 5y ago

I would be shocked if the average truck driver is retiring at 60.

fidesomnes 5y ago

> 2. Average age of a truck driver is 56. So 4 years from retirement. things that will never happen in our lifetime.