driver pay increase Archives - Maritime Shipping News

How does the Fair Labor Standards Act affect truck driver pay?

10 July 2021

Included in the Fair Labor Standards Act (FLSA) is an exemption that applies to interstate trucking allowing employers to avoid paying drivers for overtime work.

The exemption was established in 1935 with the intent of preventing drivers from taking on too many hours, but some in the industry believe the law has evolved into an excuse for keeping driver pay low.

“Simply put, the FLSA exemption makes it the law that a driver’s time is less valued than other professions,” according to Lewie Pugh,...

https://www.freightwaves.com/news/how-does-the-fair-labor-standards-act-affect-truck-driver-pay

GP Transco hikes pay in ‘major’ way for company drivers

21 April 2021

Trucking company GP Transco announced Wednesday a “major base pay increase” for w-2 drivers. Solo company drivers will see 60 cents per mile in base pay, roughly 66 cents per mile in total when including accessorial pay for layovers and extra stops. Team drivers will earn a base rate of 75 cents per mile, nearly 80 cents all in.

Solo drivers who opt out of using driver-facing cameras will earn a base rate of 58 cents per mile as well as accessorial pay.

The increase in base pay, roughly 5 cents...

https://www.freightwaves.com/news/gp-transco-hikes-pay-in-major-way-for-company-drivers

Truck transportation job growth — cause for celebration or concern?

15 April 2021

March’s truck transportation employment figures can be viewed as a glass half full or half empty — both perspectives have merit.

According to the U.S. Bureau of Labor Statistics (BLS), total jobs in March were recorded at 1,482,700, up 3,300 from February’s tally — a sign that things are headed in the right direction.

On the other hand, March’s figures totaled 33,500 fewer truck transportation jobs than last March, just as the industry was on the precipice of the pandemic — a sign that we may...

https://s29755.pcdn.co/news/truck-transportation-job-growth-cause-for-celebration-or-concern

Averitt announces pay bump for new truckload drivers

2 March 2021

Trucking company Averitt Express has announced a pay increase for its newly hired regional truckload and flatbed drivers.

Regional drivers will now start at a rate of 50 cents per mile, $1,200 assuming a five-day week, the carrier announced on Monday. Flatbed associates will start at 52 cents per mile, $1,375 for the full week. Both regional and flatbed drivers will see a 2-cent-per-mile increase after a year if they have received their hazmat endorsement.

The Cookeville, Tennessee-based carrier...

https://s29755.pcdn.co/news/averitt-announces-pay-bump-for-new-truckload-drivers

Nagle Toledo raises driver salaries 17%

12 January 2021

Nagle Toledo announced a 17% pay increase for its drivers, the biggest in the company’s 36-year history. The Toledo, Ohio-based truckload carrier raised starting salaries for drivers from $1,200 to $1,400 per week effective Jan. 1. The company’s top pay plan tops out at $1,700 a week.

Ed Nagle, the president of the fleet of 50 trucks running temperature-controlled loads from Ohio and Michigan to the mid-Atlantic and Northeast, told FreightWaves that it was one of the first TL carriers to start...

https://s29755.pcdn.co/news/nagle-toledo-raises-driver-salaries-17

More carriers increasing driver pay

28 December 2020

A couple of truckload carriers have raised driver pay heading into 2021. Beacon Transport announced Monday a 3-cents-per-mile pay increase for new drivers effective Jan. 1.

The La Vergne, Tennessee-based truckload carrier said the increase is one of the largest in its 20-year history and places pay for all new drivers at 50 cents per mile or higher.

“We’ve truly been blessed these past 20 years and there’s no doubt the success of our company is based on the consistent and committed work of our...

https://s29755.pcdn.co/news/more-carriers-increasing-driver-pay

Schneider National to raise drivers’ per-mile pay by 4 cents

16 December 2020

Schneider National (NYSE: SNDR) announced late Wednesday that it will raise driver pay next year. The press release said many of the company’s drivers will earn up to an additional 4 cents per mile starting Jan. 24. The pay increase applies to driver associates in both the company’s solo and team fleets.

The Green Bay, Wisconsin-based transportation and logistics provider said the increase follows several initiatives totaling nearly $15 million made on behalf of its drivers in 2020. Those...

https://www.freightwaves.com/news/schneider-national-to-raise-drivers-per-mile-pay-by-4-cents

The Daily Dash: Boyle’s expertise aids vaccine delivery; Another fleet boosts driver pay

15 December 2020

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Pfizer has started shipping its COVID vaccine and UPS and FedEx are heavily involved, but another trucking company played a central role in the first doses reaching their destinations. Plus, Frozen Food Express is the latest carrier to boost driver pay, and Forward Air continues its less-than-truckload terminal expansion.

A helping hand

Boyle Transportation knows a thing or two about transporting...

https://www.freightwaves.com/news/the-daily-dash-boyles-expertise-aids-vaccine-delivery-another-fleet-boosts-driver-pay

TuSimple sets sights on autonomous truck goal — Midday Market Update (with video)

1 December 2020

Michael Vincent and Andrew Cox discuss what a deal with TRATON Group means for self-driving truck technology

Andrew cox fills in for Kevin Hill to talk autonomous vehicles and todays latest headlines

Headlines

KLLM announced a pay raise for drivers, bumping the earning potential by over 9%. KLLM follows Werner, Heartland and others hiking wages and sign-on bonuses for drivers to try and keep up with growing demand and a continued driver shortage.

Data from Wall Street shows shipping stocks...

https://www.freightwaves.com/news/tusimple-sets-sights-on-autonomous-truck-goal-midday-market-update-with-video

KLLM rolls out ‘one of the largest’ driver pay hikes in company history

1 December 2020

North America’s second-largest temperature-controlled truckload (TL) carrier, KLLM Transport Services, announced Tuesday “one of the largest” increases to drive pay in the company’s history.

The Jackson, Mississippi-based carrier’s new monthly pay package will raise earning potential for over-the-road and regional independent contractors by more than 9%. Fuel surcharges will now cover all paid miles, both loaded and empty. The new plan will push average pay per compensated mile to more than...

https://www.freightwaves.com/news/kllm-to-roll-out-one-of-the-largest-driver-pay-increases-in-company-history