Turnover at For-Hire Carriers Largely Unchanged During the First Quarter - KMPH FOX 26 | Central San Joaquin Valley News Source

Turnover at For-Hire Carriers Largely Unchanged During the First Quarter

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE American Trucking Associations

ARLINGTON, Va., July 9, 2014 /PRNewswire-USNewswire/ -- The turnover rate at large truckload carriers rose just one percentage point to 92% (annualized rate) in the first quarter of 2014, but held above 90% for the ninth consecutive quarter.

American Trucking Associations logo.

While turnover is well above the low of 39% four years ago, ATA Chief Economist Bob Costello said it is far from the worst the industry has seen.

"While high, turnover at large truckload carriers is lower than other years when the driver shortage was as acute," Costello said. "In 2005, turnover averaged 130%. In 2006, another year with a tight driver market, turnover averaged 117% for this group of carriers."

Turnover at small truckload fleets slipped 1 point in the first quarter of the year to 78%, which was the second lowest rate during the past year. In 2005 and 2006, turnover averaged 96% and 109%, respectively, for this group.

Turnover in the less-than-truckload sector fell 1 point to just 10% in the first quarter, which was the lowest mark since the second quarter 2013.

Costello noted that poor weather during the first quarter could have kept a lid on turnover and it could still rise as improved economic growth and healthier freight volumes put more pressure on the driver market and the driver shortage.

"Today, the industry has in the range of 30,000 to 35,000 unfilled truck driver jobs," Costello said. "As the industry starts to haul more because demand goes up, we'll need to add more drivers – nearly 100,000 annually over the next decade – in order to keep pace."

American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA on Twitter or on FacebookTrucking Moves America Forward. 

Logo - http://photos.prnewswire.com/prnh/20100129/ATALOGO 

©2012 PR Newswire. All Rights Reserved.

  • Local NewsLocal NewsMore>>

  • Woman Ejected In Morning Crash In Southwest Fresno

    Woman Ejected In Morning Crash In Southwest Fresno

    A woman, not wearing a seat belt, was ejected when two cars crashed at Jensen and Brawley in Southwest Fresno early Wednesday morning.More >>
    A woman, not wearing a seat belt, was ejected when two cars crashed at Jensen and Brawley in Southwest Fresno early Wednesday morning.
    More >>
  • Police Arrest Woman They Say Set Home On Fire

    Police Arrest Woman They Say Set Home On Fire

    A woman has now been arrested for a fire that was set on purpose in the area of First Street and Tulare Avenue in Fresno.More >>
    A woman has now been arrested for a fire that was set on purpose in the area of First Street and Tulare Avenue in Fresno.More >>
  • Yosemite National Park Fire Continues To Spread

    Yosemite National Park Fire Continues To Spread

    Right now, firefighters are still trying to gain control of two wildfires in the Sierra Nevada.The French Fire is burning in the steep terrain of Madera County, just east of Coarsegold near Mammoth Pool Reservoir.People living in the Kinsman Flat and Mammoth Pool areas are being told to be packed and ready to leave if the fire becomes a threat.So far some 2,000 acres have burned.The other fire is burning near the communities of El Portal and Foresta, right on the edge of Yosemite National Pa...More >>
    Right now, firefighters are still trying to gain control of two wildfires in the Sierra Nevada.The French Fire is burning in the steep terrain of Madera County, just east of Coarsegold near Mammoth Pool Reservoir.People living in the Kinsman Flat and Mammoth Pool areas are being told to be packed and ready to leave if the fire becomes a threat.So far some 2,000 acres have burned.The other fire is burning near the communities of El Portal and Foresta, right on the edge of Yosemite National Pa...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.