American Trucking Associations has released its 2014 Driver Compensation Study, which is a comprehensive evaluation of the way fleets compensate their drivers. The study was first released in 2011.
This year’s study found that the average sign-on bonus for drivers is currently $2,300. Due to competition for drivers, as much as 50% of truckload carriers are now offering sign-on bonuses as a way to attract new drivers.
The study also found that the median driver pay in 2014 ranged from $46,000 for national, irregular route dry van truckload drivers to more than $73,000 for private fleet van drivers.
The survey covered 130 fleets and 135,000 employee drivers and independent contractors with data broken down by private, for-hire, TL, LTL and drayage carriers.
Source: Heavy Duty Trucking
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