Tag: wages

Analyst: Driver pay gains to continue into 2019 as carriers struggle to attract drivers

“The thing we’re going to have to confront as an industry is we have a driver supply that’s inelastic,” says Gordon Klemp. Raising pay is necessary, but it will take years, not months, “until we get to a wage number that starts to draw people in who wouldn’t have considered driving in the past,” he says.

November 28, 2018

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Overdrive Extra

The chicken-little tactics behind the ‘driver shortage’

Here is a breakdown of how and why the trucking industry continuously responds to the shortage of truck drivers. Some aren't taking the bait anymore.

August 2, 2018

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Driver pay hikes on the horizon, analyst says

Of note from a conference call with pay analyst Gordon Klemp, driver wages are in effect just half of what they were in 1979, before deregulation.

November 8, 2017

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ASECTT group presses ahead on CSA, safety rating reform and other issues

In addition to its chief concern over reliance on CSA SMS scores in safety assessment, ASECTT now turns attention to reform of the safety-audit system and federal preemption of state wage/hour laws and independent contractor classification, among other issues.

June 23, 2017

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Favor for minimum wage hike growing among truckers

Since Overdrive queried readers in 2014 about prospects for the $7.25/hour minimum wage, more truckers today believe it’s time to raise the wage, following a series of states and localities that have raised their own minimums.

April 19, 2016

POLL: Should the federal minimum wage be raised?

With California moving toward a phased-in $15/hr minimum wage over the next several years, and other states eyeing similar proposals, should the $7.25/hr minimum wage be hiked?

April 5, 2016

State of freight: Market pressure on driver pay stalled?

Though recent years have shown better trends, with pay rising fairly sharply for company drivers and independents alike, there’s evidence from carrier surveys that such increases have now lulled. Lower volume expectations indicate increases in driver pay could be limited in 2016.

February 11, 2016

The above could represent what Perry considers a “reasonable forecast for the year, but at the same time, you better be cautious” of downside risks, of which anyone paying attention to the stock markets around the world will be well aware. A significant global slowdown could bring the U.S. along for the ride. 2017, he added, shows much weaker in the graph given downside risks becoming more prominent in the wider global economy. The 2017 picture is what this year could look like if downside pressures build enough, he added, in which case “we’re talking down to 1 percent growth, not three percent.”

Overdrive Radio

Podcast: Highway bill effort to resolve federal/state legal conflict over carrier services, driver wages

New court interpretations of the FAAAA introduce contradictions between federal and state law (particularly in CA) that challenge incentive-based compensation.

November 2, 2015

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ATA: Driver pay generally exceeds U.S. average, carriers diversifying pay methods

How does driver pay stack up to pay in other industries? According to ATA, drivers fare well, especially those at private fleets.

December 15, 2014

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POLL: Should the federal minimum wage be raised?

With many states going well above the current federal minimum of $7.25 per hour, is it time the U.S. government raised its own minimum? Weigh in on the subject via this poll and in comments.

January 15, 2014

Data analysis: Ten years isn’t a lifetime…for Yoda

“As much as I’d like to be able to write a happy ending for the hours of service story, I can’t. The HOS are just the tip of the iceberg.”

November 24, 2013

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Driver shortage: Countdown to a capacity crunch, and a boost in rates?

Is higher driver compensation just around the corner? This series — part 1 available here — looks at the tightening of the employment market for drivers, and the potential for a rate boost.

August 29, 2013

The American Trucking Associations, assuming a current shortage of more than 20,000 truck drivers compared to available jobs, projects the gap to grow annually over the next 10 years.

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