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Breaking News: Schneider announces driver pay increase, viewed as first salvo in possible wage escalation

· Friday, September 25, 2020

In what appears to be the opening salvo in what could be a battle of truckload carriers seeking to hang on to and increase their driver base, truckload carrier Schneider National this week announced a pay increase.

Schneider’s disclosure was not in a press release. Rather, it was on a webpage on the company’s homepage.

“It feels to me that others will follow Schneider’s lead, but I haven’t heard or seen other similar announcements,” one source said of the move, requesting anonymity.

FreightWaves will continue to report on this story over the next several hours

John Kingston

John has an almost 50-year career as a journalist, most of them covering commodities and markets. The largest part of his career was spent at Platts, now part of S&P Global Energy. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment. He was awarded the 2020 Abdullah Bin Hamad Al-Attiyah International Energy Award for Lifetime Achievement for the Advancement of International Energy Journalism.