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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.
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FTR’s Trucking Conditions Index increased to 9.10 in August, an upward trend that reflects a tight capacity situation for the freight market.
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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.
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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.
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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.
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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.
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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.
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CEVA Ground announced increased rates for its owner-operator independent drivers operating in the U.S.
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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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The Federal Motor Carrier Safety Administration has begun a study of the relationship between safety and driver pay. The agency is asking for comments on a plan to see if there is a connection between industry pay practices and safe driving.
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