Truck Driver Turnover Rate Dips in 4Q


4/11/2012 1:00:00 PM
Write a Letter to the Editor



Print This
 


Larry Smith/Trans Pixs

After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped 1% to an annualized rate of 88%, American Trucking Associations said Wednesday.

The turnover rate for less-than-truckload fleets fell to just 7%, from 10% in the third quarter, the group said.

“This reprieve, while surprising, is likely temporary,� ATA Chief Economist Bob Costello said in a statement.

“As the economy continues to recover, freight volumes should continue to grow, which along with regulatory challenges related to hours-of-service and the government’s [Compliance, Safety, Accountability] fleet oversight program, will continue to cause the driver market to tighten and the turnover rate to rise,� he said.

Turnover among large truckload fleets had risen to 89% in last year’s third quarter, after bottoming out at 39% in the first quarter of 2010.

For all of 2011, the large truckload turnover rate averaged 83% — the highest average since 2007, when driver churn averaged 117%.

At small truckload firms — those with less than $30 million in annual revenue — the turnover rate dipped to 55%, from 57% in the previous quarter, ATA said.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Brenny Wins 2012 Award From Women in Trucking (3/12/2012 10:15:00 AM)
Rising Freight Rates Should Help Push Pay for Drivers Higher, Execs Tell Conference (2/27/2012 6:00:00 AM)
Carriers Offer Drivers Pay Raises, Guarantees (2/20/2012 6:00:00 AM)
Highway Funding Is Urgently Needed, CEOs of Two Top Trucking Fleets Say (2/6/2012 2:00:00 AM)
Anti-Crash Systems Proliferate as Fleets See Safety Benefits (1/23/2012 3:30:00 AM)
Opinion: For 2012, Invest in Teamwork (1/16/2012 8:00:00 AM)
 

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.