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TRUCKING INDUSTRY OPINION * USA - Driver turnover down, bankruptcies up
The drop in driver turnover and the increase in carrier bankruptcies reflect economic change that began in the second quarter of 2007, according to the American Trucking Associations
USA -eTrucker, by Jill Dunn -17 Oct 2008: -- ... Large truckload driver turnover dropped to 85 percent during the second quarter of this year, the lowest since the first quarter of 1998. Large TL driver turnover, which peaked at 136 percent in the fourth quarters of 2004 and 2005 when freight was strong, was 103 percent in this year’s first quarter. The lowest driver turnover for large TL carriers was 77 percent in the fourth quarter of 1997... The turnover rate refers to employee-only line-haul drivers who leave for whatever reason and rates are annualized for the year. Large truckload carriers are classified as making more than $30 million in annual revenue. Less-than-truckload turnover rates are believed to be lower because of availability of more home time. The LTL turnover rate decreased from a 14 percent annualized rate in the first quarter of this year to 6 percent in the second quarter...
Labels: trucking industry news
posted by Unknown @ 7:04 PM
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