Trucking companies play a critical role in the U.S. economy but face many challenges. The trucking industry’s greatest challenge may be the persistent driver turnover problem. Trucking companies regularly report turnover rates exceeding 100%. Each driver costs between $2200-$21,000 to replace...

The US trucking industry trade press often portrays the US labor market for truck drivers as not working, citing persistent driver shortages and high levels of firm‐level turnover, and predicting significant resulting constraints on the supply of motor freight services. We investigate the...