Second quarter driver turnover rises at large truckload carriers

Oct. 13, 2015
Despite rise to 87%, figure still at below recent average

Turnover at large truckload fleets rose three percentage points in the second quarter of the year to an annualized rate of 87%, according to American Trucking Assns.’ Chief Economist Bob Costello.

“While below recent averages, driver turnover is still high and a sign of a very competitive market for qualified drivers,” Costello said “We repeatedly hear from carriers that they are unable to find enough qualified drivers, leading to fears of a growing driver shortage and these numbers reflect that.”

Turnover at smaller truckload fleets, those with less than $30 million revenue fell seven points to 76%, its lowest mark since the third quarter of 2013. Turnover at large fleets is at its lowest point since the second quarter of 2011 and below the 2014 average of 95%.

Last week, ATA released a report pegging the driver shortage at 48,000 by the end of this year.

 “America’s trucking industry moves nearly 70% of the country’s freight and we need drivers to do it,” Costello said. “While turnover is not at historic highs, it is still high enough to merit concern. Fleets need to hire 89,000 a drivers a year to keep pace with retirements and projected growth, so ensuring an adequate pool of qualified drivers is critical.”

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...