Fleet Management

Turnover Rose at Large Truckload Fleets in the Second Quarter

October 07, 2013

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According to the latest edition of American Trucking Associations’ Trucking Activity Report, the annualized turnover rate at large truckload fleets rose two percentage points to 99% in the second quarter of 2013.
 
“Continued high turnover shows that the market for qualified, experienced drivers remains extremely tight,” ATA Chief Economist Bob Costello said. “The continued improvement in the freight economy, coupled with regulatory challenges from the changing hours-of-service rule and CSA will only serve to put a further squeeze on the market for drivers.”
 
The increase in turnover at large fleets pushed the rate to its highest point since the third quarter of 2012 and just above the annual rate of 98% in 2012.
 
Turnover at truckload fleets with less than $30 million in annual revenue remained unchanged at 82% while turnover at less-than-truckload fleets plummeted nine percentage points to 6% - the lowest level in two years.
 
“A tight market for drivers will push costs higher for fleets as they work to recruit or retain quality drivers,” Costello said.

Comments

  1. 1. Robert Lindholm [ October 07, 2013 @ 10:00AM ]

    I see all the companies offering cash for new drivers and it doesn't seem to work. As a driver with 15 years with my current company I would not think about leaving for a cash sign on bonus. A cash sign on bonus will not replace my 4 weeks of vacation or my full vesting with my 401K.

    Don't offer cash as a sign on bonus offer to match a drivers current vacation and vest them from day one in the 401K. Make the medical from day one.
    I currently get 4 weeks vacation, 9 paid holidays,4 personal days, company match 401K and would start all over again if I switched to a new company. Does anybody really expect a long term driver to give all that up for even a $5,000 sign on bonus?

  2. 2. Kurt [ October 08, 2013 @ 03:25PM ]

    Continued high turnover shows the failure of trucking companies to keep their employees! In no other industry would this kind of turnover be considered anything other than disastrous.

  3. 3. Kevin J. Reidy [ October 09, 2013 @ 05:43AM ]

    As long as the large carriers pay crap for wages, treat their drivers like numbers, keep them away from their loved ones for weeks and months and months at a time, and see driving schools as a profit center and could care less that the driver drops out or quits, they made money off of him, the high turnover rate will continue.

    Carriers that whine about it make me laugh, they know how to fix it, but refuse to do so.

 

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