Indiana-based Tiger Truck Lines operates in the Midwest, hauling for businesses such as General Electric since its founding in 1979. Tiger Truck Lines has low driver turnover, with many drivers having hauled for the company for more than a decade.
Large truckload carriers, which include any organization with more than $30 million in annual revenue, have experienced an increase in turnover rate. The annualized turnover rate in 2018 climbed to 96 percent for these carriers, the highest since 2013. Smaller fleets have seen a decline in turnover rate, by comparison, due to increasing pay.
The industry as a whole faces a driver shortage, however, estimated at more than 50,000. The American Trucking Association predicts that, assuming turnover trends continue, the industry will be short 160,000 drivers in 2026. This will force trucking companies to develop solutions to driver shortages such as increasing efficiency through methods such as decreasing wait times.
