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Cargo Transporters instituted its third, and largest, driver pay and compensation increase for 2021, the carrier announced Oct. 27.
The pay raise will be effective for local, shorthaul and over-the-road drivers Nov. 7.
Along with the increase, maximum wait time, layover and breakdown pay have been adjusted upward. All employees also will get an additional week of paid time off beginning next year.
In this episode, host Michael Freeze asks, how are companies saving money by leasing trucks rather than owning? For answers, we speak with Jim Lager of Penske Truck Leasing and Al Barner of strategic fleet solutions at Fleet Advantage. Hear a snippet above, and get the full program by going to RoadSigns.TTNews.com.
“During the last 18 months, our drivers have continued to make sure that our customers received their products, uninterrupted,” Chairman John Pope said. “Whether it was medical supplies, groceries, raw materials or other retail goods, our drivers were first to place themselves at risk with COVID-19 to make sure all these items got to their destinations.”
Cargo Transporters will increase solo driver pay 2 cents per dispatched mile for a starting base pay of 54 cents per mile, team driver pay will increase 1 cent per mile, and local and shorthaul pay also will increase. The company said its drivers are compensated more for miles driven anyway since it calculates pay based on practical route miles instead of the industry standard.
“Without truck drivers, and those that support them, the ability for our nation to begin recovery would have been set back months, if not years,” Pope said. “Our announcement today is to show our appreciation to the professional drivers who have dedicated themselves to making sure our economy and lives continue on.” — Transport Topics
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