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Turnover Increases at Large Truckload Fleets

The annualized turnover rate for large truckload fleets measured 102% in the fourth quarter of 2015, increasing by two percentage points, according to the American Trucking Associations.

by Staff
April 25, 2016
Turnover Increases at Large Truckload Fleets

 

1 min to read


The annualized turnover rate for large truckload fleets measured 102% in the fourth quarter of 2015, increasing by two percentage points, according to American Trucking Associations.

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It was the second straight quarter that turnover at large TL fleets was at least at 100%. The last time turnover maintained this percentage rate was in 2012.

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“This elevated turnover rate shows that the driver market remains a challenge for truckload fleets,” said Bob Costello, ATA chief economist. “Obviously, attracting and retaining drivers remains a top concern for the industry.”

Small truckload carriers fared slightly better, with a turnover rate of 89% in the final quarter of 2015. The rate increased during this period but it is still six points lower than it was at the end of 2014 and averaged only 79% for the year.

The turnover rate at less-than-truckload carriers rose one point to 11% in the final quarter and averaged 11% for all of 2015.

“The rising turnover rate, coupled with anecdotal reports from carriers, shows what a premium there is on experienced, safe drivers,” said Costello. “And those drivers have and will continue to benefit from rising wages and benefits.”

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