We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Turnover at large truckload fleets in U.S. hits highest level since 2015
Forward Thinking

Turnover at large truckload fleets in U.S. hits highest level since 2015

October 9, 2018
Supply Chain Quarterly Staff
No Comments

A tight labor market continues to hit the U.S. trucking industry hard, as turnover at large truckload fleets reached its highest level since 2015 in the second quarter. The annualized turnover rate at large truckload carriers—those with more than $30 million in annual revenues—jumped four percentage points during the quarter to 98 percent, according to the American Trucking Association's most recent Trucking Activity Report.

A 98 percent turnover rate means that large carriers are replacing nearly all of their drivers annually.

"So far this year, the turnover rate at large truckload fleets is up ten percentage points," ATA Chief Economist Bob Costello said in a statement announcing the findings. "The extreme tightening of the driver market—driven by solid freight demand—will continue to challenge fleets looking for qualified drivers."

The turnover rate at smaller truckload fleets slipped one percentage point to 72 percent, the ATA said.

"There is something happening with turnover at these smaller fleets," Costello said in the statement. "The driver market remains tight across the truckload sector, but the turnover rate at these smaller carriers is down 14 points from the same time last year. Like large carriers, small truckload carriers have been aggressively raising pay this year, which has helped their turnover rate level off."

Turnover at less-than-truckload fleets also jumped four percentage points to 14 percent—the highest mark since the first quarter of 2013. The LTL market is considered to be a more stable sector of the industry, Costello said, adding that a 14 percent jump signals a struggle there as well "and suggests the industry's issues finding qualified drivers are continuing to deepen across the board."

Logistics
    • Related Articles

      Average size of U.S. warehouses has doubled since 2002, CBRE report finds

      Global air growth climbed 9 percent in 2017; best year since 2010, IATA says

      Trucking fleets seek new strategies in a turbulent age, CSCMP Edge panel says

    Recent Articles by Supply Chain Quarterly Staff

    GE Appliances unveils $450 million upgrade to manufacturing plant in KY

    Freight technology provider Loadsmart acquires computer vision platform provider

    Combilift celebrates 25 years of making lift trucks

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • How companies can lower their ESG footprint through smarter procurement

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing