Survey Finds More Carriers Are Cutting Drivers’ Wages
The number of carriers that cut starting base pay for drivers with three years of experience rose slightly during the November-January period, according to a quarterly report of driver compensation at major truckload carriers. The National Survey of Driver Wages, conducted by SignPost Inc., Hudson, Wis., shows 4.8% more carriers reduced pay than in the previous quarter primarily to cover the higher cost of employee health insurance. The number of participating carriers that trimmed wages and benefits during the fourth quarter rose from 11.2% to 16%.
That means 84% of truckload carriers maintained pay levels at an average 31.1 cents per mile during the quarter. Driver pay has remained steady for at least seven straight quarters.
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