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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.
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The Truckload Carriers Association has named FTC Transportation and Bison Transport the overall winners of its Fleet Safety and Best Fleets to Drive For awards.
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With a subdued economy, high turnover at large carriers and looming regulations, there is unlikely to be a single solution to the driver shortage problem.
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The annualized turnover rate at large truckload carriers rose 13 points to 100% in the third quarter of 2015, the highest it has been in three years.
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Driver turnover at large truckload fleets rose to an annualized rate of 87% in the second quarter of 2015. Despite the increase it is below recent averages.
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Whatever the reason for their discontent, the driver turnover rate for 2014 wound up at over 95%. Perhaps a newer, better mattress would help them sleep better at night or an on-board satellite TV system or a more comfortable seat?
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Turnover rates at large and small truckload fleets fell by 12 percentage points in the first quarter of 2015, though it is uncertain if this trend will continue in the months ahead.
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Turnover at truckload fleets remained high in the fourth quarter of 2014, but the gap narrowed between small and large carriers.
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Driver turnover rose slightly for large carriers in the third quarter, but LTL and smaller fleet numbers showed some surprises.
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Don't hold your breath waiting for someone or some group to come along with a way of solving trucking's labor crisis. It won't happen that way. The only real way to solve this problem is one fleet at a time.
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