ARLINGTON, VA – The second quarter of 2017 saw the highest employment turnover at large truckload carriers since the last quarter of 2010.
The American Trucking Associations (ATA) reports turnover was higher throughout the truckload market, amid tight labor conditions, with a 16-point jump over last year at large truckload carriers to 90%.
Turnover reached new heights at small fleets as well, with a 19% increase to a rate of 85%, the highest in that group since the first quarter of 2016.
Less Than Truckload (LTL) local carriers also saw an increase in turnover with a two-point climb from quarter one to 14%, the highest rate in three years.
The turnover rates at LTL fleets wasn’t all negative, with over-the-road LTL showing a one-point drop to 9% from the first quarter.
ATA chief economist Bob Costello says the stable and low turnover rates from last year were short-lived due to the market’s recovery from 2016’s freight recession.
“We may be seeing the beginnings of a significant tightening of the driver market and acceleration of the driver shortage,” he said.
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