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he driver turnover rate among large truckload carriers jumped to 121% in the third quarter from 110% in the second, American Trucking Associations said Tuesday.
Small truckload carrier turnover also rose, to 114% from 100%, ATA reported. Large truckload carriers generate at least $30 million in annual revenue, while small carriers earn less than $30 million in annual revenue.
Small truckload carrier driver turnover exceeded 100 percent during the last four consecutive quarters for the first time since ATA began collecting driver turnover statistics in 1995.
The increases followed improvements during the first and second quarters of the year, ATA said.
Less-than-truckload turnover for the third quarter was 14%, up slightly from 13% in the second quarter.
“As more and more large carriers try to get out of the long-haul market, more small carriers are filling the gap,” said ATA Chief Economist Bob Costello. “This is resulting in higher turnover rates for the segment of the industry that traditionally had a much lower turnover rate.”
Year-to-date through October, and compared with the same period in 2005, the average length-of-haul for large truckload carriers dropped 1.5%, while the small truckload carriers saw an increase of 12%, ATA said.
