According to data tracking by the聽American Trucking Associations聽(ATA), the turnover rate for drivers at U.S. TL fleets increased slightly in the first quarter this year while remaining at what the group called 鈥渉istorically low levels.鈥�
In the first three months of the year, the trade group said the annualized turnover rate at large TL fleets 鈥� those with annual revenues greater than $30 million 鈥� rose three percentage points to 74%.
Despite the increase, it remains at near-historic lows and is 15 points lower compared to the same time period in 2016, noted Bob Costello, ATA鈥檚 chief economist, in a statement.
鈥淭he slight uptick in turnover, despite weak freight volumes in the first quarter, may be indicative of a tightening in the driver market,鈥� he said. 鈥淭he situation bears watching because if the freight economy picks up significantly, turnover will surely accelerate 鈥� as will concerns about the driver shortage.鈥�
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