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Driver pay increases
Daily Infographic: Walmart takes driver pay to the executive level
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https://www.freightwaves.com/news/daily-infographic-walmart-takes-driver-pay-to-the-executive-level
United Road Services battles inefficiency while moving 4M cars a year
PLYMOUTH, Mich. — Mark Anderson draws a triangle on a piece of paper and labels the three points A, B and C, illustrating how his company choreographs the movement of 4 million cars and trucks a year.
But the pandemic and the supply chain crisis played havoc with the model, creating a huge efficiency problem for the president and CEO of United Road Services.
“We go from point A and we have a plant here and we send trucks this way to point B where there’s a port. And we get trucks there and we go...
Roadrunner ups driver pay, incentives
Less-than-truckload provider Roadrunner (OTC: RRTS) announced Tuesday a second pay increase for drivers in 2022 as well as a new incentive program.
Under the new terms, driver teams will see a 20-cent-per-mile bonus, a 4-cent-per-mile increase in network minimum pay and a 25-cent-per-mile hike to deadhead rates. Drivers will also see a 10-cent-per-gallon improvement in fuel discounts with Roadrunner’s preferred partners.
The changes went into effect Monday.
Roadrunner runs an asset-light LTL...
https://www.freightwaves.com/news/roadrunner-ups-driver-pay-incentives
Cargo Transporters raises driver pay again
A heightened freight demand environment and a declining pool of drivers has carriers raising pay to keep their equipment moving. Driver wages have been climbing for roughly a year and a half now and will likely continue to step higher for an industry that struggles to recruit and retain labor in both good and bad markets.
Dry van truckload carrier Cargo Transporters announced its largest-ever pay increase for over-the-road drivers. Beginning Sunday, the North Carolina-based hauler will pay solo...
https://www.freightwaves.com/news/cargo-transporters-raises-driver-pay-again
Driver pay hikes continue to roll in
High demand and a lack of qualified drivers has pushed truckload carriers to raise pay substantially over the past year and a half. Wage increases have helped fleets maintain size through the pandemic, but few have been able to grow organically. Following a round of large pay increases in 2021, it appears the industry will continue to push pay rates higher to address a labor shortfall.
Two more fleets announced pay hikes this week.
Kaukauna, Wisconsin-based Midwest Carriers announced a 9% pay...
https://www.freightwaves.com/news/driver-pay-hikes-continue-to-roll-in
Economics 101: Driver pay will keep moving higher
Truckload carriers started raising driver pay nearly a year and a half ago as demand skyrocketed. Following the initial COVID outbreak, consumers changed their spending habits to ready themselves for a prolonged period of at-home living, which meant more trucks would be needed to bring more household and durable goods to market. The need for additional capacity has been tough to meet for an industry that perpetually struggles to recruit and retain drivers.
The pandemic exacerbated a shortfall on...
https://www.freightwaves.com/news/economics-101-trucker-pay-will-keep-moving-higher
Refrigerated hauler KLLM announces largest pay hike for drivers
Temperature-controlled truckload carrier KLLM Transport Services announced Tuesday its largest pay increase for drivers in the company’s more than 55 years in service. Over-the-road company drivers will see an increase of almost 33% to per-mile pay while regional company drivers and independent contractors leasing with KLLM will see a pay increase of 10% to 16%.
Jackson, Mississippi-based KLLM’s driver academy students finishing training will also see pay move up to 33% higher as they become...
https://www.freightwaves.com/news/refrigerated-hauler-kllm-announces-largest-pay-hike-for-drivers
Lawrence Freight ups driver pay as much as 40%
Employee-owned carrier Lawrence Freight announced a 2022 pay increase of as much as 40% for company drivers. The new pay scale, which tops out at 70 cents per mile, started Saturday and includes over-the-road and flatbed drivers.
The Roanoke, Virginia-based truckload carrier will also pay drivers another 2.5 cents per mile, up to $3,000 annually, in the form of quarterly safety bonuses. The total comp plan now allows TL drivers to earn up to $88,000 annually, with flatbed operators seeing as...
https://www.freightwaves.com/news/lawrence-freight-ups-driver-pay-as-much-as-40
Forward Air announces its largest pay increase for independent contractors
Forward Air announced Thursday its biggest pay hike for independent contractors hauling freight in the company’s less-than-truckload and truckload units. Per-mile pay was raised 15 cents for independent contractor fleet partners. The pay increase also includes its independent contractor teams and solo drivers.
The pay increase is the third of the year for the asset-light trucking provider and its sixth in the last five years. In June, Forward (NASDAQ: FWRD) raised pay as high as 25 cents per...