Half of Carriers Offer Sign-On Bonuses, says ATA Study
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 ATA report also includes detailed information on base salary packages and bonuses to benefits like paid time off.
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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