ARLINGTON, Va., Sept. 1, 2016 /PRNewswire-USNewswire/ -- Today, American Trucking Associations said the turnover rate at truckload fleets with more than $30 million in annual revenue fell six points to 83% in the second quarter – the lowest point since the second quarter of 2011.
"The continued decline in the turnover rate reflects the continued choppiness in the freight economy," said ATA Chief Economist Bob Costello. "As we hopefully approach the end of this period of elevated inventories later this year, freight demand will pick back up leading to increased demand for drivers and higher turnover rates in the future."
The turnover rate at smaller truckload fleets fell nine points to 79%, its lowest point since the third quarter of 2015. Turnover at less-than-truckload carriers rose four points to 12%.
"Though the turnover rate continues to fall at truckload carriers, finding enough qualified drivers remains a concern for many carriers," Costello said.
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 Facebook. Trucking Moves America Forward
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SOURCE American Trucking Associations