ATA: Large-truckload turnover barely ticked up in Q1
The American Trucking Assns. (ATA) reported today that the driver-turnover rate at “large” truckload carriers increased by a mere one percentage point to 92% (annualized rate) in this year’s first quarter and held above 90% for the ninth consecutive quarter.
Meanwhile, ATA said turnover at “small” truckload fleets dropped one percentage point in Q1 to 78%. That marks the second- lowest rate during the past year. In 2005 and 2006, turnover averaged 96% and 109%, respectively, for this group of carriers.
Turnover for the less-than-truckload (LTL) sector also slipped one percentage point to land at just 10% in Q1. That’s the lowest mark hit since Q2 of 2013.
Read more here.