HOME
Our Sponsors:
Healthy Trucking Kiosks Offer Innovative Advertising Opportunities
According to some studies, "work-life balance" is now the single most important key to job selection for young (21- to 30-year-old) employees, ranking ahead of compensation. Can the trucking industry still attract drivers among this group?
Quote of the Day
"A good manager is a man who isn't worried about his own career but rather the careers of those who work for him. My advice: Don't worry about yourself. Take care of those who work for you and you'll float to greatness on their achievements. "
-- H.S.M. Burns, American businessman, president of Shell Oil
Driver Turnover Up in First Quarter of 2007
The driver turnover rate for large truckload and less-than-truckload carriers increased during the first quarter of 2007, marking their highest turnover rates since the end of 2005.
America Trucking Associations (ATA), which began collecting driver turnover statistics in 1995, reported that turnover for large truckload carriers was at a 127 percent annualized rate for the first three months of the year. This figure was 6 percentage points higher than during the last three months of 2006. The group ended the quarter with 1.8 percent fewer drivers than it had at the start.
Large TL driver turnover posted a 116 percent annualized rate for the 2006 first quarter. Turnover peaked at 136 percent for large TL carriers during the 2005 fourth quarter.
“The softer freight demand contributed to the increase in large TL driver turnover,” says ATA Chief Economist Bob Costello. “Nearly 80 percent of the large carriers in our sample saw their number of employee drivers fall during the period. In some cases, the drivers that left were not replaced, due to soft and choppy freight levels.”
Small TL carriers saw the average annualized turnover rate drop to 102 percent from 112 percent during the first three months of the year. The small carrier turnover rate has been at least 100 percent for six consecutive quarters.
Small carriers added 3.5 percent to their driver ranks, marking the second consecutive quarterly gain in the number of drivers.
The LTL market, by comparison, reduced overall employment during the 2007 first quarter by 1.6 percent.
