Driver turnover remains above 100 percent

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For the second month in a row, driver turnover at truckload fleets reporting more than $30 million in annual revenue was above 100 percent, said the American Trucking Associations’ Trucking Activity Report. 

The number did drop two percentage points — from 106 percent to 104 percent — marking the first time since the fourth quarter of 2007 and the first quarter of 2008 that turnover has remained above 100 percent for two consecutive months. 

Moreover, turnover at smaller fleets jumped to a near-six-year high, ATA says, to 94 percent – the highest since the first quarter of 2007. 

“Increasing competition for quality drivers, coupled with gradual, albiet choppy, growth in demand for trucking services continues to put pressure on the driver market,” says ATA’s Bob Costello. “These numbers continue to reflect a tight driver market and an actual shortage for drivers.”