Other New Stats: Rentention, Compensation, Trade Cycles
Driver retention is a big problem in the industry, so it’s worth taking a look at the new numbers relating to this area of focus. First, the survey found that the average age for all drivers polled had remained at just under 50 years old — 49.4 for 2024, to be exact.
Interestingly, though, driver turnover dropped last year, falling to 18.4% from 20.2% in 2023.
Average driver compensation ticked up just a tad, reaching $91,081 in 2024, up from $89,900 the year prior, a 1.31% increase. (Just for comparison, the inflation rate in 2024 was 2.9%).
Trucks are getting older: Trade cycles for Class 8 trucks averaged 6.6 years overall, up from 6.1.
