The turnover rate for truckload drivers at large fleets rose to 89% in the third quarter of 2011, the fourth straight quarterly increase, an indication of increased demand and competition for drivers, according to the American Trucking Associations.
“Clearly, due to the economic recovery, as well as regulatory factors like CSA, we are seeing the market for good, quality drivers tighten,” said ATA Chief Economist Bob Cost Costello. “Freight continues to rise, so we expect the need for quality drivers to become more acute going forward, particularly if regulations either force current drivers out of the industry or force fleets to put more trucks on the road.”
The third-quarter increase follows a previously reported turnover rate of 79% in the second quarter of the year and sets the benchmark rate at its highest level since the first quarter of 2008.
Since bottoming out in the first quarter of 2010, the turnover rate has risen 50 percentage points and has averaged 81% so far this year.
The turnover rate at small truckload fleets jumped 10 points to 57%, the highest level since the third quarter of 2008, and less-than-truckload turnover remained extremely low at just 10%.
Industry : Related News
12/13/2011 – Truckload Turnover Rises for Fourth Straight Quarter
The turnover rate for truckload drivers at large fleets rose to 89% in the third quarter of 2011, the fourth straight quarterly increase, an indication of increased demand and competition for drivers, according to the American Trucking Associations….
12/12/2011 – TCA Encourages Industry to View, Share New Highway Angel Video
The Truckload Carriers Association is asking everyone in trucking to help change the public’s perception of trucking by watching Lindsay Lawler’s brand new “Highway Angel” music video on YouTube….
12/8/2011 – Correction: All Modes Not Responsible in SC Johnson Kickback Case
On Nov. 28, Truckinginfo.com, in the article “Jury Awards SC Johnson $157 Million in Freight Fraud Case,” inadvertently reported outdated and incorrect information regarding All Modes Inc., David Eggleston and Bay Darnell….
11/28/2011 – Two Sentenced in SC Johnson Transportation Kickback Case
[CORRECTED] The former transportation director of SC Johnson Son Inc. has been sentenced to eight years in prison for defrauding the company of millions of dollars in inflated transportation charges….
11/21/2011 – Hoffa Easily Wins Another Term as Teamsters Head
James P. Hoffa easily won a fourth five-year term a president of the International Brotherhood of Teamsters last week, winning 60% of the 230,000-plus votes….