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September 30, 2004 12:00 AM, EDT

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he driver turnover rate at large truckload carriers hit 116% on an annualized basis in the second quarter of 2004, just three percentage points below the all-time high of 119%, as the competition for scarce drivers intensified, American Trucking Associations said.

The turnover rate at small TL carriers rose to an annualized 94%, ATA said, citing its quarterly survey covering “tens of thousands” of owner-operators and company drivers at truckload and less-than-truckload operations.

The increases reflected “simply the fierce competition for drivers,” ATA Chief Economist Bob Costello told Transport Topics Sept. 22.

For the full story, see the Sept. 27 edition of Transport Topics. Subscribe today.

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