Every industry has its ups and downs when it comes to employment. However, the trucking industry has been hit particularly hard by high turnover rates. In fact, driver turnover rates have soared as high as 106 percent in recent years. As one report states, truck driver turnover rates have remained at 90 percent or higher since 2012.
According to the chief economist for the American Trucking Association, “The driver shortage — which we now estimate to be between 35,000 to 40,000 drivers — is getting more pervasive in the truckload sector.”
Reports also state that “high turnover also makes it difficult for fleets to operate efficiently, maximize utilization of tractors and trailers and meet customers’ service expectations.”
A shortage of truck drivers like this also means more dangers could be lurking on the roads.
If trucking companies can’t find drivers that meet their qualifications, there is a real risk that they’ll accept poorly qualified or unqualified candidates in an effort to fill their fleet and keep their businesses afloat. And this is a very real and dangerous practice for drivers.