January 23, 2015
For 2015, as the trucking industry is dealing with the worst driver shortage and capacity crunch in its history, Heavy Duty Trucking is delving into the topic of truck drivers. A year-long series in the magazine is complemented by WebXclusive features.
"In the second half of 2010, we had zero companies offering sign-on bonuses. We've gone from zero to nearly 50 percent of the companies offering some sort of sign-on bonus or transition pay."
January 16, 2015
In what could be the worst driver shortage ever, the industry is currently short about 35,000 truck drivers, and we’ll need nearly 240,000 additional drivers by 2020. Unfortunately, fleets are finding it difficult to reverse the trend.
January 8, 2015
American Trucking Associations has released its 2014 Driver Compensation Study. Due to competition for drivers, it found, as much as 50% of truckload carriers are now offering sign-on bonuses as a way to attract new drivers.
January 6, 2015
A shortage of experienced drivers means carriers are hesitant to increase capacity, despite rising carrier costs and rates, according to the quarterly Transport Capital Partners Survey. Expect increases in driver wages this year as a result.
December 17, 2014
Dart announced increases in pay to drivers throughout the company’s network. Drivers will see anywhere from 2 cents to 10 cents per mile increases with the average increase being 5 cents per mile.
December 15, 2014
Median pay for truck drivers is on par with the national median for U.S. households, while the trucking industry offers drivers “competitive" benefits, according to a new study from the American Trucking Associations.
December 4, 2014
The Dupre Logistics Energy Distribution Services group announced that it would be giving its drivers a 5% to 9% pay increase to help it keep qualified drivers in a competitive market.
December 1, 2014
The trucking companies Crete Carrier and Shaffer Trucking announced a pay increase for their company national over the road drivers starting the first of next year.
November 19, 2014
The Arkansas-based operation will increase it three cents per mile on Dec. 2 for all company drivers. All company drivers will also be eligible for a bonus.
November 17, 2014
Nussbaum Transportation announced that it would be giving its over-the-road drivers a 6% pay increase beginning in January 2015. The pay will be increased from 42 cents to 52 cents per mile based on the length of haul, with a minimum pay guarantee of $1,050.
November 4, 2014
Forward Air Corp’s. motor carrier subsidiary, FAF Inc., is raising owner-operator pay effective Jan 4. The contractual base rate will increase by 10 cents per mile for team less-than-truckload and truckload express service, while rates for solo truckload express drivers will increase by 6 cents per mile.
October 9, 2014
FTR’s Trucking Conditions Index increased to 9.10 in August, an upward trend that reflects a tight capacity situation for the freight market.
October 8, 2014
Schneider increased compensation for van truckload company drivers, the company announced. The new pay rates are 8% - 13% higher per mile and drivers have the opportunity to earn bonus pay.
September 30, 2014
LTL carrier Con-way Freight is enhancing its compensation package for drivers, increasing current pay rates and reducing the time it takes for drivers to reach the top pay scale.
September 29, 2014
Swift Transportation has affirmed earlier expectations for a third-quarter performance of 33 cents to 37 cents adjusted earnings per share, saying its driver wage increase is having desired results.
September 24, 2014
Operating costs for trucking companies are on the rise again after falling slightly in 2012, according to a new study by ATRI, lead by significant increases in equipment and labor costs.
September 23, 2014
For truckload carriers, the number one problem is the driver shortage – but the reasons go beyond pay, said Stifel's John Larkin at TMW Systems’ annual user conference in Nashville Monday.
September 17, 2014
CEVA Ground announced increased rates for its owner-operator independent drivers operating in the U.S.
September 4, 2014
Trucking holding company Covenant Transportation Group announced this week it was hit with a sizeable judgement regarding a 2008 cargo claim while it is raising driver pay for one one of its operations.
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