Driver Turnover Set Record in Fourth Quarter of 2004
ALEXANDRIA, VA — Long-haul driver turnover surged to a record high in the fourth quarter of last year, according to a report from the American Trucking Associations (ATA) on March 31.
ATA’s Economics Group said in its Trucking Activity Report that both small and large truckload carriers saw their turnover rates rise to record highs, with large companies reaching an annualized rate of 136 percent and smaller ones reaching 102 percent. And with a driver shortage in the long-haul market continuing, it is unlikely the turnover rates will improve anytime soon, ATA officials said in a press release.
Large truckload companies are defined in the ATA report as those with more than $30 million in annual revenue. The report also said that truckload loads jumped 8.6 percent in January, the largest month-to-month gain in several years. Less-than-truckload tonnage jumped more than 12 percent in the same period, ATA said.