Turnover at large truckload fleets fell one percentage point to an annualized rate of 96 percent in the fourth quarter, while turnover at smaller truckload carriers — those with less than $30 million in annual revenue — rose one percentage point to a rate of 95 percent in the fourth quarter.
An ATA spokesman later said new information shows the nation is now short more than 35,000 truck drivers.
“These figures show us that the driver shortage — which we now estimate to be between 35,000 to 40,000 drivers — is getting more pervasive in the truckload sector,” Costello said. “Due to growing freight volumes, regulatory pressures and normal attrition, we expect the problem to get worse in the near term as the industry works to find solutions to the shortage.
The turnover rate at less-than-truckload fleets was 10 percent in the fourth quarter, down from 13 percent in the previous quarter. For all of 2014, the turnover rate was 11 percent, unchanged from the year before.