Driver turnover rate rises in first quarter

933

ARLINGTON, Va. — Today, American Trucking Associations Chief Economist Bob Costello said the driver turnover rate at large truckload carriers rose in the first quarter of 2018.

“The uptick in turnover is consistent with continued tightness in the market for drivers,” Costello said. “Anecdotally, carriers continue to struggle both recruiting and retaining quality drivers – leading to increasing wages. The tight driver market should continue and will be a source of concern for carriers in the months ahead.”

According to ATA’s Trucking Activity Report, the annualized turnover rate at large truckload carriers – fleets with more than $30 million in annual revenue – jumped six points to 94 percent. The increase set turnover at these carriers 20 percentage points higher than in the first quarter of 2017.

The turnover rate at less-than-truckload carriers rose two points to 10 percent.

At smaller truckload carriers, the turnover rate sunk to 73 percent, but was still seven points higher than for the same period the previous year.

“Turnover is not a measure of the driver shortage, but rather of demand for drivers,” Costello said. “We know that as freight demand continues to rise, demand for drivers to move those goods will also rise, which often results in more driver churn or turnover. Finding enough qualified drivers remains a tremendous challenge for the trucking industry and one that if not solved will threaten the entire supply chain.”

Click here to watch this weeks TheTrucker news show!

2 COMMENTS

  1. If it was not for the breakdowns,driver managers,fleet managers pushing instead of helping plus headache’s in road work,loading and unloading then having to get back to one of those with little hos left to drive and get pushed to do so plus worrying about finding parking for ten hour break after I do not park on interstate or side of road like many drivers who do not know the hazard s but it is company policy so keep moving but be courteous,safe and happy with a fake smile

COMMENT ON THIS ARTICLE

Please enter your comment!
Please enter your name here