Truckload turnover surges in second quarter
According to ATA’s quarterly report, the turnover rate at large truckload carriers jumped 16 percentage points to 90% – the highest it has been since the final quarter of 2015. The 16-point increase is the largest quarterly jump since the fourth quarter of 2010.
At smaller carriers, fleets with less than $30 million in annual revenue, the turnover rate swelled by 19 percentage points to 85%, the highest it has been since the first quarter of 2016.
The turnover picture at less-than-truckload fleets was more muddled, with over-the-road LTL turnover dipping one point to 9%, but the rate for local LTL drivers was 14%, up two percentage points from the previous quarter and the highest rate in three years. ■