Turnover at large truckload fleets falls to lowest point in five years
Sept. 2, 2016
Churn rate at large fleets dropped to 83% in the second quarter
American Trucking Assns. reports the turnover rate at truckload fleets with more than $30 million in annual revenue fell six points to 83% in the second quarter – the lowest point since the second quarter of 2011.
“The continued decline in the turnover rate reflects the continued choppiness in the freight economy,” said ATA Chief Economist Bob Costello. “As we hopefully approach the end of this period of elevated inventories later this year, freight demand will pick back up leading to increased demand for drivers and higher turnover rates in the future.”
The turnover rate at smaller truckload fleets fell nine points to 79%, its lowest point since the third quarter of 2015. Turnover at less-than-truckload carriers rose four points to 12%.
“Though the turnover rate continues to fall at truckload carriers, finding enough qualified drivers remains a concern for many carriers,” Costello said.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...
Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...
Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.