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Thomas Wasson Thursday, December 28, 2023

Loaded and Rolling: Driver pay data highlight earnings gain

The National Transportation Institute (NTI) recently released Q4 2023 driver pay data that shows driver earnings continue to climb in spite of the freight market undergoing a correction. Drivers’ base mileage pay brackets saw a shift, with the 40-to-50-cents-per-mile pay bracket falling 5.2% year over year as fleets raised wages to attract and retain drivers. The 50-to-60-cents-per-mile bracket saw a 6.1% y/y increase.

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Thomas Wasson Thursday, November 9, 2023

Loaded and Rolling: FreightTech 25 announced

On Thursday FreightWaves presented the FreightTech 25 awards, which were chosen independently by a panel of CEOs, industry leaders, academics and investors who scored the companies. Chattanooga, Tennessee-based accounting and auditing firm HHM administered the vote. The awards recognize the most innovative and disruptive companies in the freight technology sector.

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Thomas Wasson Thursday, April 20, 2023

Loaded and Rolling: Martin Q1 earnings, ATA truck tonnage drops

Earnings season is upon us and the freight recession lingers worse than salmonella-carrying potato salad at a tailgate party. Wisconsin-based truckload carrier Martin Transport reported its Q1 2023 earnings Tuesday. While operating revenue improved 3.7% from $287.3 million in Q1 2022 to $298 million this year, the actual operating income declined from $35.9 million to $29 million.

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Thomas Wasson Thursday, March 9, 2023

Loaded and Rolling: Knight-Swift CEO pans under-21 driver push; falling contract rates shutter North Carolina carrier

A plan to allow 18-to-20-year-old truck drivers to haul interstate cargo got a sharp rebuttal at the Truckload Carriers Association (TCA) conference by Knight-Swift President and CEO David Jackson. The plan was conceived as a way to address the driver shortage and is strongly supported by the Biden administration and the American Trucking Associations (ATA).

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Thomas Wasson Saturday, August 13, 2022

Loaded and Rolling: Costliest year in trucking; truckload drivers’ earnings up

ATRI: Costliest year ever in trucking On Wednesday, the American Transportation Research Institute (ATRI) released its annual report on the operational costs of trucking. The report, which has been published annually since 2008, is based on motor carrier financial and operations data from 2021.  Below are some highlights from the report and press release:  Total […]

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FreightWaves Staff Tuesday, February 18, 2020

A youth-driven approach to the driver shortage

Nothing fires up the trucking community like a strong opinion on the driver shortage. From its inception, FreightWaves waded into the conversation, balancing perspectives from both ends of the continuum. We considered the American Trucking Associations’ (ATA’s) perspective that there is an ever-expanding dearth of quality drivers, especially for midsize to large carriers. We considered […]

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