In 2018’s third quarter, the turnover rate at large truckload fleets fell 11 percentage points to 87 percent on an annualized basis, according to the American Trucking Associations. That’s the lowest rate of turnover since the first quarter of 2017’s 74 percent.
Large truckload fleets are those with more than $30 million in annual revenue.
Turnover rates had surged since mid-2017, running up to 98 percent in the second quarter of 2018. ATA Chief Economist Bob Costello says there are several possible explanations forRead the rest of this article by one of our favorite contributors who provide some of the best supply chain content in the industry.