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

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

WiseTech buys New Hampshire drayage and trucking visibility software firm for $230 million

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

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • Five levers to build a resilient supply chain

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

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