Retaining drivers — not increasing the driver pool — is the way to address supply chain disruption, OOIDA asserts.
Dedicated carrier Cowan Systems is offering sign-on bonuses as high as $20,000 for newly hired drivers.
“Our logistics segment has been thriving and growing, including contract logistics and port services, with the largest contributor being brokerage,” says Schneider CEO.
Knight-Swift Transportation beat second-quarter estimates and raised its full-year guidance to include the favorable operating environment in addition to accretion from recent acquisitions. However, the improved outlook includes the expectation for continued cost headwinds around labor.
Getting shippers to pay for drivers’ wait time could boost driver retention and improve safety, according to a trucking economics expert.
Heartland Express records its best consolidated operating ratio since its last acquisition was fully integrated.
Leased owner-operators and company drivers could be looking to strike gold on their own in a strong trucking market, Vise says.
Signs of hope are seen in driver recruitment, according to Tenstreet, as “historic” pay increases continue.
Asset-light trucking and logistics provider Forward Air’s new pay plan incentivizes operators to haul into the country’s more challenging markets.
Carriers are hoping to attract drivers with more pay and improved benefits.
Another trucking company responds to the strong freight market by increasing truck driver pay.
On today’s episode, Jeremy Reymer, founder and CEO of DriverReach, speaks with Carter Express Director of Recruiting Dave Chesterman about the unique challenges the driver shortage brings.
With the pay boost, the company’s more experienced drivers will bring in 63 cents per mile.
Government Agency
Seeks Long-haul Truckers
for Nuclear Materials
Carriers continue to push driver pay higher amid a capacity-constrained market to keep their equipment seated and on the road.
Schneider National’s first quarter comes in ahead of analysts’ expectations and the company raises its full-year outlook by 8% at the midpoint of the range.
Driver surveys examining turnover rates have consistently shown that drivers value three things: pay, time and respect.
First-quarter earnings reports from truckload carriers highlight a booming freight market. A strong consumer, tight truck capacity and elevated rates appear the likely dynamics for the remainder of the year.
Roehl Transport announced its second driver pay increase of the year.
GP Transco is the latest carrier to raise driver pay. Base pay alone for company drivers moves 15% higher.
