Turnover for drivers at large truckload fleets falls slightly

According to research from Bob Costello, chief economist for the American Trucking Associations, the turnover rate for truck drivers at large truckload fleets fell 1 percentage point to an annualized rate of 88 percent in the fourth quarter of 2011.

Many trucking professionals are looking to get the CDL training they need to become employable members of the trucking industry, as well as to supplement the growing need for truckers throughout the United States.

"This reprieve, while surprising, is likely temporary," said Costello. "As the economy continues to recover, freight volumes should continue to grow, which along with regulatory challenges related to hours-of-service and the government's CSA fleet oversight program, will continue to cause the driver market to tighten and the turnover rate to rise."

Throughout 2011, the large truckload turnover rate averaged 83 percent, which was the highest since 2007.

Freight shipment volumes, meanwhile, increased 2.1 percent from February to March, according to industry publication Heavy Duty Trucking magazine, which cited statistics from the Cass Freight Index.

Turnover for drivers at large truckload fleets falls slightly

Friday, April 13th, 2012