View original at www.logisticsmgmt.com

State of Logistics 2016: Pursue mutual benefit Driver turnover rate declines, but challenges remain firmly intact AAR reports annual gains in November for U.S. carload and intermodal volumes CEMA reports October booked orders down 19.8% from October 2015 ISM semiannual report views 2017 as a growth year for manufacturing and non-manufacturing More News The topic of driver turnover is always prevalent in trucking, and all of freight transportation and logistics to a larger extent, and it is typically viewed with a bit of apprehension, as the supporting data is almost always dire in highlighting the severity of the driver shortage. That is not to say that the driver shortage does not remain a significant issue, it does to be sure. But based on data issued by the American Trucking Associations (ATA), things don’t appear to be as bad as usual at least. According to the ATA, the turnover rate at large truckload fleets with more than $30 million in annual revenue saw a 2 percent decline to 81 percent in the third quarter for its lowest level going back to the second quarter of 2011. This marks the third decline in 2016, with the large truckload fleet turnover rate in the first quarter seeing a 13 percent decrease to 89 percent and the second quarter off 6 percent at 83 percent. And for small truckload fleets, which the ATA defines as fleets with under $30 million in annual revenue, the turnover rate saw a 1 percent increase to 80 percent, with less-than-truckload fleet carriers seeing a 3 percent decline to 9 percent (the turnover rate for less-than-truckload (LTL) carriers, which is typically much lower than the rate for truckload drivers)This follows turnover rates of 88 percent and 79 percent, respectively, for the first two quarters. ATA Chief Economist Bob […]