The turnover rate of truck drivers at large truckload fleets rose three percentage points to 87 percent in 2015’s second quarter, according to the American Trucking Associations’ quarterly report.
Turnover at smaller truckload fleets fell to 76 percent in the quarter, its lowest point in nearly two years. ATA classifies large truckload carriers as those with $30 million or more in revenue a year and smaller carriers as those with less than $30 million in annual revenue.
ATA Chief Economist Bob Costello says though the turnover rate is lower than in recent years, the driver market is still tight. “While below recent averages, driver turnover is still high and a sign of a very competitive market for qualified drivers,” Costello said. “We repeatedly hear from carriers that they are unable to find enough qualified drivers, leading to fears of a growing driver shortage and these numbers reflect that.”