Luke Sharrett/Bloomberg News
Turnover at large truckload carriers rose slightly to 92% in the first quarter, holding above 90% for the ninth straight quarter, American Trucking Associations reported July 9.
Over-the-road truckload turnover rates were largely unchanged from the fourth quarter, but they were down 5 percentage points from 97% in the same period last year, ATA said in its quarterly report.
“While high, turnover at large truckload carriers is lower than other years when the driver shortage was as acute,” ATA Chief Economist Bob Costello said. “In 2005, turnover averaged 130%, while in 2006, another year with a tight driver market, it averaged 117%.”
While churn at large truckload fleets with annual revenue of at least $30 million was 92%, turnover at truckload fleets with revenue below that level slipped 1% from the previous quarter to 78%.