This article was published in the May edition of Inbound Logistics:
The annualized turnover rate for large truckload fleets rose two percentage points in the fourth quarter of 2015 to 102 percent, the second straight quarter it was at least 100 percent and the first such streak since 2012, according to the American Trucking Association (ATA).
"This elevated turnover rate shows that the driver market remains a challenge for truckload fleets, " says Bob Costello. ATA's chief economist. "Obviously, attracting and retaining drivers remains a top concern for the industry. The rising turnover rate, coupled with anecdotal reports from carriers, shows what a premium there is on experienced, safe drivers," Costello says.
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