Large TL driver turnover down 11% in 2Q, ATA says
etrucker-continuesThe line-haul driver turnover rate among large for-hire truckload carriers -- fleets with at least $30 million in annual revenue -- experienced its first quarterly decrease in a year during the 2007 second quarter, the American Trucking Associations reported Tuesday, Sept. 18. Driver turnover is for employee, over-the-road, line-haul drivers only and does not include local drivers such as for port operations.
ATA, which began collecting driver turnover statistics in 1995, reported that turnover for large TL carriers was at a 116 percent annual rate during the quarter, down from a rate of 127 percent in the first quarter of the year. “Soft freight volumes and looser capacity during the quarter likely helped lower the rate of turnover,” says ATA Chief Economist Bob Costello. “However, the rate still remains high and hasn't been below 100 percent since the fourth quarter of 2002.”