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The driver turnover rate for truckload carriers fell in the final three months of 2017, but the rate remained 14 points higher than it was for the previous year.
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The driver turnover rate at large truckload fleets rose five percentage points in the third quarter to an annualized rate of 95%, according to American Trucking Associations Chief Economist Bob Costello.
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ORLANDO - The trucking industry could be short 50,000 drivers by the end of 2017, warned American Trucking Associations Chief Economist Bob Costello Sunday at the American Trucking Associations Management Conference & Exhibition.
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The turnover rate at truckload carriers surged in the second quarter of 2017, according to American Trucking Associations, possibly reflecting a tightening market for drivers.
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The turnover rate at U.S. truckload fleets increased during the first three months of 2017 while remaining at historically low levels, according to the American Trucking Associations.
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A turnover survey of women drivers has found that dissatisfaction with tractors topped a list of reasons why the leave a carrier.
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The American Trucking Associations has reported that the churn rate at large and small fleets dropped by double digits in the fourth quarter of 2016, thanks only to the choppiness of the freight market.
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Turnover at truckload fleets with more than $30 million in annual revenue dropped two points to 81% in the third quarter of 2016, according to American Trucking Associations.
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Omnitracs says its new ELD Driver Retention Model can analyze the data provided by electronic logs to help predict which truck drivers are most likely to quit, helping fleets pinpoint retention efforts.
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Driver turnover at large truckload fleets fell by a significant amount in the first quarter of 2016, reflecting the softer freight economy this year.
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