The driver turnover rate at large truckload fleets dropped two percentage points to 97 percent in the third quarter of 2013, according to the latest edition of American Trucking Associations’ "Trucking Activity Report."
“Despite this dip, the market for experienced, qualified drivers remains exceptionally tight,” stated ATA's Bob Costello. “I expect, as the economy continues to pick up, we’ll see that market get even tighter.”
Dropping to its lowest level since the first quarter of 2012, turnover at truckload fleets with less than $30 million in annual revenue dropped eight percentage points to 74 percent. Turnover at less-than-truckload fleets increased by seven percentage points to 13 percent in the same quarter.
“Between increasing demand for freight services and regulatory pressures, I expect fleets to remain challenged finding enough qualified drivers, and we’ll be contending with driver shortage-related issues for the foreseeable future,” Costello stated.