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>>

  • Wildfire Destroys 33 Homes, Some Homeowners Return to Rubble

    Wildfire Destroys 33 Homes, Some Homeowners Return to Rubble

    Firefighters from as far away as San Diego are spending Monday night putting out hotspots from the fire burning between Oakhurst and Bass Lake.Monday afternoon, firefighters announced the so-called “Courtney Fire” was held to 320 acres.It is 35% contained, after destroying 33 homes. Another 4 homes were damaged.“We didn't have a full effect of what the damage was,” says Chris Christopherson, with CalFire.“Going through and seeing the aftermath, it's heart-breaking… it's gut-wrenching.”Jon Cun...More >>
    Firefighters from as far away as San Diego are spending Monday night putting out hotspots from the fire burning between Oakhurst and Bass Lake.Monday afternoon, firefighters announced the so-called “Courtney Fire” was held to 320 acres.It is 35% contained, after destroying 33 homes. Another 4 homes were damaged.“We didn't have a full effect of what the damage was,” says Chris Christopherson, with CalFire.“Going through and seeing the aftermath, it's heart-breaking… it's gut-wrenching.”Jon Cun...More >>
  • Central Valley Honor Flight - Veterans Arrive In Washington D.C.

    Central Valley Honor Flight - Veterans Arrive In Washington D.C.

    69 veterans traveling with the Central Valley Honor Flight are in Washington D.C. The World War II veterans are in the nation's capitol to see the memorial dedicated to their service.More >>
    69 veterans traveling with the Central Valley Honor Flight are in Washington D.C. The World War II veterans are in the nation's capitol to see the memorial dedicated to their service.More >>
  • Fresno Boy Becoming a Dance Star On Dance Moms

    Fresno Boy Becoming a Dance Star On Dance Moms

    Do you think you can you dance? I mean dance really well? Fresno's own 9–year–old Gavin Morales can dance and he has the medals and trophies to prove it. So how did Morales get started? Gavin says, "I watched my sister dance. I just said I really want to dance. I just kept practicing and practicing all my tricks. Tricks he's now mastered that have made Gavin a name in the dance world. KMPH Fox 26 News caught up with ...More >>
    Do you think you can you dance? I mean dance really well? Fresno's own 9–year–old Gavin Morales can dance and he has the medals and trophies to prove it. So how did Morales get started? Gavin says, "I watched my sister dance. I just said I really want to dance. I just kept practicing and practicing all my tricks. Tricks he's now mastered that have made Gavin a name in the dance world. KMPH Fox 26 News caught up with ...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.