The American Trucking Association (ATA) reported yesterday that the turnover rate for on-road drivers rose to an astonishing 79% for the second quarter. According to the ATA, this marks the third straight quarter of churn increase.
This means that, even in a today’s economic landscape, fleets are competing over a shrinking number of qualified drivers. If turnover rate remains high, driver shortages will become an even larger problem as the economy recovers. “The slowdown of the economic recovery has affected the turnover rate, but if the economy continues to improve we’ll see further tightening in the driver market and a renewed risk of a severe driver shortage,” explained Bob Costello, ATA chief economist in an ATA press release.
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