U.S. Xpress Enterprises debuted a tuition assistance program two years ago that recently celebrated its first graduate, and the experiment is starting to pay off big: The freight shipping company scored a 25% reduction in turnover this year.
The company started the program in September 2018, and the recent landmark is notable because the freight driving industry has one of the highest turnover rates of any employee group, and keeping talent is an especially big headache for the transportation and trucking sectors. Indeed, the turnover rate has reached an annualized figure of 96%, according to the American Trucking Associations. To combat this issue employers have had to get creative with their benefits and offer options that will keep drivers with the company.
