Trucker pay increasing as driver shortage grows, industry capacity tightens

From Transport Topics.

As capacity tightens in the trucking industry, some carriers are beginning to announce pay hikes. While the frequency of these increases are not yet nearing the rapid pace of hikes the industry saw during the busy year of 2018, some industry watchers said they would not be surprised to see more jumps.

“I’ve seen a number of companies over the last couple of weeks make statements that they are raising their driver pay,” said Jeremy Reymer, CEO of Indianapolis-based driver recruiting firm DriverReach, in an interview with Transport Topics. “I think we’ve lost a ton of drivers this year, because of COVID.”

Green Bay, Wis.-based Schneider National in an Oct. 6 statement provided to TT that it is raising pay for its team drivers. Those with one year or more of experience will receive 4 cents per mile more, while inexperienced team drivers, zero to one year, will receive an additional 2 cents per mile in pay.

See the complete article from Transport Topics online.