ARLINGTON, Va. -- Turnover at large US truckload fleets continued to increase in the second quarter, according to The American Trucking Associations’ Trucking Activity Report.
Turnover in the second quarter rose two percentage points to 99%.
“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.”
Driver turnover now stands at its highest point since the third quarter of 2012, and is just slightly higher than the annual rate of 98% reported last year.
Turnover at LTL fleets dropped 9% to just 6%, the lowest level in two years, while turnover at truckload fleets with less than $30 million in annual revenue remained flat at 82%.
“A tight market for drivers will push costs higher for fleets as they work to recruit or retain quality drivers,” Costello noted.