Changing Lanes: How a tight labor market affects the commercial auto industry and the how the right data can help

TransUnion research indicates that many commercial drivers are leaving their current employers for other opportunities, and coupled with retirements, this trend is creating labor churn in the industry. As a company’s driver hiring rate increases, the resulting driver population becomes younger, less experienced and potentially riskier. That has big implications for commercial auto insurers as they attempt to appropriately price policies.