Truckload Turnover Rate Rises Slightly in Q1/17

The turnover rate at U.S. truckload fleets rose slightly in Q1/17 while remaining at historically low levels.

“The slight uptick in turnover, despite weak freight volumes in the first quarter, may be indicative of a tightening in the driver market,” said ATA Chief Economist Bob Costello. “The situation bears watching because if the freight economy picks up significantly, turnover will surely accelerate – as will concerns about the driver shortage.”

In the first three months of the year, the annualized turnover rate at large truckload fleets – those with annual revenues greater than $30 million – rose three percentage points to 74%. Despite the increase, it remains at near-historic lows and is 15 points lower than at this time last year.

The turnover rate at small truckload fleets rose two points to 66%, 22 points lower than at this time in 2016.

The turnover rate at less-than-truckload carriers, typically very low, remained so, rising two points to just 10%.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.