driver wages

Loaded and Rolling: Driver pay data highlight earnings gain

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Driver pay data highlight earnings gain
(Source: NTI)

The National Transportation Institute (NTI) rec...

https://www.freightwaves.com/news/loaded-and-rolling-driver-pay-data-highlight-earnings-gain

Canadian truckers fight to claim millions in unpaid wages

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Truckers in Canada are fighting to claim part of an estimated $9 million in wages that has been...

https://www.freightwaves.com/news/canadian-truckers-fight-to-claim-millions-in-unpaid-wages

Weak freight market has had varied impacts on driver wage trends

This fireside chat recap is from FreightWaves’ Enterprise Fleet Summit on Wednesday.

FIRESIDE CHAT TOPIC: How understanding wage data can help enterprise fleets stay competitive.

DETAILS: Two years ago, companies were dishing out driver wage increases like candy on Halloween. Leah Shaver, the president of the National Transportation Institute, which gathers huge amounts of data on driver compensation, talks about the trends she is seeing in driver pay in these tougher times.

KEY QUOTES FROM SHAVER:

https://www.freightwaves.com/news/weak-freight-market-has-had-varied-impacts-on-driver-wage-trends

The forces at play behind driver wages — Taking the Hire Road

In a constantly evolving market, accurate and up-to-date data is crucial for success in the logistics industry, especially when it comes to recruiting and retaining employees.

The goal of the National Transportation Institute is to foster growth opportunities for fleets by helping them to recruit and expand a team that is appropriately compensated, engaged and retained based on current market trends.

NTI is dedicated to helping fleets understand these compensation trends and make critical...

https://www.freightwaves.com/news/the-forces-at-play-behind-driver-wages-taking-the-hire-road

Will ‘connecting neighborhoods’ disconnect trucking?

Buried in the U.S. House and Senate versions of highway reauthorization legislation currently being negotiated are provisions that would allow billions of dollars to be spent dismantling portions of the interstate highway system without replacing the lost transportation capacity.

The provisions — “Reconnecting Neighborhoods” in the House version, “Reconnecting Communities” in the Senate — reflect the Biden administration’s goals of using infrastructure funding to address historic racial and...

https://www.freightwaves.com/news/will-connecting-neighborhoods-disconnect-trucking

Truck transportation job growth — cause for celebration or concern?

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

Driver hiring: Balancing wages and benefits — Taking The Hire Road

Are wages the most important factor driving fleet recruitment?

Yes, but there are other factors to consider. Leah Shaver, president and chief executive officer of the National Transportation Institute (NTI), explains how to effectively balance pay, benefits and other incentives when attracting new drivers with DriverReach founder and CEO Jeremy Reymer in his podcast, Taking The Hire Road.

Shaver started her 20-year career in the industry as a driver recruiter and knows that the key components...

https://www.freightwaves.com/news/driver-hiring-balancing-wages-and-benefits-taking-the-hire-road

Judge orders Western Express wage/rest-break lawsuit to continue

A Washington state district judge has denied a request by truckload carrier Western Express to dismiss a lawsuit filed by a former employee who has accused the company of failing to pay him for overtime wages as well as for meal and rest breaks.

Richard Sanders, who lives in Washington and drove for the Nashville, Tennessee-based carrier from December 2019 to August 2020, alleged in a complaint filed in September that Western Express failed to pay him and other drivers the minimum wage under the...

https://s29755.pcdn.co/news/judge-orders-western-express-wagerest-break-lawsuit-to-continue

Trucking costs fell 9.3% in 2019 with industry contraction

Slowing freight demand reduced line item costs to operate a truck in 2019, according to the American Transportation Research Institute (ATRI).

The average marginal cost per mile incurred by motor carriers in 2019 decreased by 9.3% to $1.65. But that was still 6 cents per mile higher than during the last freight softening in 2016. 

In 2019, trucking costs contracted from $1.821 to $1.652. The cost per hour fell to $65.11 from $71.78 in last year’s report. 

The economic softening, combined with...

https://www.freightwaves.com/news/trucking-operational-costs-fell-93-in-2019-with-industry-contraction

Landstar ups outlook, contends this cycle may not be different

Landstar truck on highway

Truck broker Landstar System Inc. (NASDAQ: LSTR) sees trends improving thus far in the fourth quarter, producing a new earnings expectation “slightly above” the high end of the company’s initial guidance range issued during the third-quarter report.

Appearing at the Stephens Annual Investment Conference, the Jacksonville, Florida-based company’s president, CEO and interim principal financial officer, Jim Gattoni, said improvement in fundamentals has accelerated as the quarter has progressed....

https://www.freightwaves.com/news/landstar-ups-outlook-contends-this-cycle-may-not-be-different

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