Wavestalk: The driver wages rollercoaster
For-hire truck drivers are mostly staying with their employers at current pay during the coronavirus pandemic. They are eager for stability in an uncertain time.\nThat is the finding of the National Transportation Institute, which tracks driver pay and retention through surveys of hundreds of fleets.\n\u201cTurnover is at record lows at most fleets we survey,\u201d Leah Shaver, CEO of the Institute, said during a WavesTalk on the second day of the virtual FreightWaves Carrier Summit on Thursday.\nUnlike 2018, a banner year for driver pay as spot rates soared amid super-heated freight demand, 2020 shows \u201cno meaningful upward movement\u201d in driver pay. Sign-on bonuses are unnecessary because fleets aren\u2019t doing a lot of recruiting. Two years ago, many drivers jumped from carrier to carrier to collect the cash. Driver turnover reached 100%.\n\xa0\nArticle\nFreightWaves virtual events\nApple Podcasts\nSpotify\nMore FreightWaves Podcasts\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices