Truck driver demand remains high, leading to high turnover rates and increased wages
PORTLAND, OR, June 12, 2018 (RISI) -American Trucking Associations Chief Economist Bob Costello said the driver turnover rate at large truckload carriers rose in the first quarter of 2018.
“The uptick in turnover is consistent with continued tightness in the market for drivers,” Costello said. “Anecdotally, carriers continue to struggle both recruiting and retaining quality drivers – leading to increasing wages. The tight driver market should continue and will be a source of concern for carriers in the months ahead.”
According to ATA’s Trucking Activity Report, the annualized turnover rate at large truckload carriers – fleets with more than $30 million in ...