Topic
employee ownership
Logistics Rail & Road #trucking#esop
Employee Stock Ownership Drives Industry-Low 35% Turnover at Nussbaum Transportation
Nussbaum Transportation credits its 2018 employee stock ownership plan (ESOP) for an industry-low 35% driver turnover rate. The 600-truck carrier uses equity stakes, safety performance bonuses, and CEO outreach to retain drivers. It plans a second ESOP sale next year and is scaling at double its historic growth rate.
Jul 30, 2026 1 source
Business Economy #retirement#business owners
As More US Business Owners Retire, Many Are Selling Up to Their Staff in Employee Ownership Deals
A wave of baby boomer retirements is prompting US business owners to sell their companies to employees, rather than to outside buyers. The trend is supported by rising investment funds and research showing employee-owned firms are more productive and pay higher wages. Examples include Softstar Shoes in Oregon and Stockwell Elastomerics in Philadelphia.
Jun 15, 2026 1 source