Bruce Andrew Peters for TT
Driver turnover at large truckload carriers fell to 90% in the fourth quarter, matching the 2012 low rate of the first quarter, American Trucking Associations said Wednesday.
Turnover at large truckload fleets with more than $30 million in annual revenue fell from an annualized 104% rate in the third quarter. The second-quarter rate was 106%.
For the full year, driver turnover averaged 98%, the highest since 2007, when the churn rate averaged 117%, ATA said.
Turnover at smaller truckload fleets fell to 76% from 94% in the previous quarter. Small-fleet turnover averaged 82% last year — the highest since the 2007 average of 90%.
ATA Chief Economist Bob Costello told Transport Topics the less-than-truckload turnover rate was 10% in the fourth quarter, up from 7% in the comparable 2011 period.