TruckRight Insight

Growing Pains: Increasing Your Fleet Size During the COVID-19 Pandemic

As the number of COVID-19 cases continues to climb in the U.S., it's clear the pandemic isn't lessening its deadly grasp anytime soon. Numbers are rising in nearly half the states, according to the Associated Press.

Where does this leave carriers hopeful to expand the size of their fleets at a time when driver numbers are already at a critical all-time low? It goes without saying: the stakes are higher than ever. Are you ready?

Embracing Tech When It Matters the Most

More than ever, implementing digital technology is critical; it allows office staff to hire drivers faster with simple applications that can be done from literally anywhere, while at the same time, keeping everyone’s health and safety top of mind.

According to the CDC, limiting face-to-face contact with others is the best way to reduce the spread of the disease; it recommends limiting close contact with others outside one's household in both indoor and outdoor spaces since people can spread the virus before they even know they're sick. With that said, it's crucial to stay away from others whenever possible to help mitigate the spread of the virus.

Aside from the health aspect, applicant tracking systems offer a plethora of additional benefits, including simple driver applications that are mobile-friendly. They also reduce orientation time, provide leads to better-qualified candidates, and provide industry-leading analytics.

Making a Case for Recruiters

Driver recruiters are already tasked with an overwhelming workload.

They have to make quick, critical decisions regularly, manage complex hiring processes, uphold consistent communication with recruits, and maintain files and documents so they’re always up-to-date.

Aside from this, they have to organize and lead interviews and arrange – perhaps even host – orientation and training. Why make an already stressful and overwhelming process even more complicated?

An automatic tracking system provides a seamless workflow; one that, in the end, helps to find the best drivers out there, and dramatically reduces overall onboarding time.

Getting Ahead of the Rest

For carriers hoping to attract top talent – even during this global pandemic – the adoption of digital technology is what's going to give them a distinct advantage; drivers need and want easy-to-navigate software that makes applying for a job simple, convenient and fast.

Gone are the days when drivers could physically submit paper applications; given current circumstances, it's no longer safe, and for the most part, it poses an inconvenience.

Intuitive software makes it easier than ever to find quality drivers and begin building relationships right from the start.

Want to learn how TruckRight’s intuitive software could benefit your fleet, even during this global crisis? We’re here for you. Book a free demo today.

Want to communicate directly with another human being?

We're here for you:   1.855.932.9323 | sales@truckright.com


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Associations

TruckRight Packages
Recruiting ROI Comparison

Number of Trucks


TruckRight Enterprise $6.50

- TruckRight Pro $3.90

Truck Revenue/Mile
Maintenance/mile
Driver wage/mile
Benefits/burden cost %
Truck fuel usage mpg.
Fuel cost/mile
Profit/mile
Profit Loss from One Parked Truck
Average miles/day
Day cost of truck parked
Profit Loss from All Parked Trucks
Number of trucks parked/day
Total cost of parked trucks/day
Average parked truck savings (in days) from using TruckRight

TRUCKRIGHT ENTERPRISE MONTHLY SAVINGS
$1,087.11

TRUCKRIGHT PRO MONTHLY SAVINGS
$1,087.11

*Based on averages/month

Paper-based Filing
How much do you spend on paper-based filing?

Number of Trucks


Staffing
Benefit/burden cost %
Staffing cost/hour
Minutes/hour
Staffing cost/minute
Retrieving
Number of files reviewed/day
Time to review each file (minutes)
Average work days/month
Staffing cost/minute
Cost to review employee files
Handling
Preparing and filing time/document (minutes)
Number of documents/file
Staffing cost/minute
Staffing cost/month
Misfiled
Time spent finding a file that has been misfiled
Staffing cost/minute
Retrieving misfiled files
Storage
Floor space in sq/ft needed for one filing cabinet
Building occupancy price/square foot
File storage costs
Offsite storage cost
Storage cost
Faxing and Courier
Time to fax and retrieve documents (minutes)
Staffing cost/minute
Daily courier usage
Cost of courier usage
Work days/month
Faxing and courier costs/month

PAPER-BASED FILING IS VERY COSTLY $1,087.11

*Based on averages/month

Screening ROI
How much do you spend on screening drivers per hire?

ROI: $1,087.11
Total Annual Savings*


D.A.D Services
Total number of drivers in your fleet
Turnover %
Number of drivers screened per hire
Cost/month
Company Costings
Staffing hourly rate
Benefit/burden cost %
Total number of drivers in your fleet
Turnover %
Number of drivers screened per hire
Cost/month
Faxing and Courier
Time to fax and retrieve documents (minutes)
Staffing cost/minute
Daily courier usage
Cost of courier usage
Work days/month
Faxing and courier costs/month

TOTAL ANNUAL SAVINGS $1,087.11

*Based on averages/month

Compliance
How much do you spend on non-compliance?

Litigation Calculator


HOW MUCH ARE YOU WILLING TO RISK?

The true cost of an accident can be staggering. Besides direct costs, indirect costs like poor publicity, lost clients and lost productivity can take a toll. The average cost for a truck accident is $148,279, not including litigation. It would take an additional revenue of $7,413,950 to pay the accident costs, assuming an average profit margin of 2%. A study of over one million lines of data on truck violations discovered that over 28,000 trucking companies, representing over 200,000 trucks, operated with safety violations. The Federal Motor Carrier Safety Association’s (FMSCA) settlement for non-compliance was $36,262,097 in 2014 with an average fine of over $7,000 per case.