2Q Driver Turnover Rate Drops
Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.
The rate for large fleets with at least $30 million in revenue fell to 116% from 127% in the first quarter, ATA said.
“Soft freight volumes and looser capacity during the quarter likely helped lower the rate of turnover,” said ATA Chief Economist Bob Costello. “However, the rate still remains high and hasn’t been below 100% since the fourth quarter of 2002.”
Small truckload fleets — those with less than $30 million in annual revenue —saw their average turnover rate fall to 90%, the lowest annualized rate in two years and the first time the first time the small fleet turnover rate has been below 100% since the third quarter of 2005.
The less-than-truckload line-haul turnover rate was 13%, down from 14% the previous quarter, ATA said.
