According to a recent report issued by the American Trucking Associations, truck driver pay is on par with the U.S. median and the industry generally offers what are deemed competitive benefits, such as matching 401(k) contributions and paid holidays off.
Driver pay ‘wage race’ under way?
Bloomberg says a “wage race” is on among carriers, but survey results show not all company drivers and leased owner-operators are seeing the benefits:
- Median truck driver pay in 2013 for national truckload van drivers was $46,000 — $7,000 lower than the U.S. median household income of $53,000, ATA says.
- Private fleet drivers, however, pull in about 60 percent more than that: Their 2013 average was $73,000, ATA’s report says.
- ATA surveyed more than 115,000 company truck drivers and about 17,000 owner-operators, spanning 130 fleets.
- Truckload van drivers were at the bottom of the pay scale. Flatbed drivers surveyed reported earning right at $50,000 last year, while dedicated van drivers pulled in slightly more than $50,000.
Report: Higher truck driver pay, more expensive equipment drive up trucking costs
- The average cost per mile for fleets rose 5 cents a mile in 2013 to $1.68. Retention and recruiting efforts by fleets to mitigate a …
- Tank truck operators and reefer haulers made about $55,000, while LTL over-the-road drivers made more than $60,000.
- Drivers at private fleets led the pay scale, however, with non-van drivers making about $65,000 and private van operators making more than $70,000.
- ATA also notes in its report that pay packages for drivers may be changing, as carriers more frequently are moving away from mileage-based pay.
- Three out of the four fleets in its survey indicated they pay truck drivers using more than one method, with the most common being a mix of mileage and hourly pay.
- Forty-two percent of the carriers included in the study used two types of base pay methods, ATA says, and 35 percent said they used three or more.
- Twenty-three percent reported using just one base pay method.
Also according to the study, nearly 80 percent of carriers offer paid holidays off and match employee contributions to a 401(k) plan. Nearly half of all carriers offer sign-on bonuses.
As long as there are goods to consume, there will be a need to deliver those goods and truck drivers ensure that delivery. Employers still want drivers to have qualified, hands-on training and attending leading schools like the Truck Driver Institute provides the beginning for a very successful, secure trucking career.
In an economy where many job holders don’t know if they’ll still have their job tomorrow, drivers enrolled at Truck Driver Institute are often recruited (and hired!) for truck driving jobs before they’ve even completed the CDL classes!
Wondering About Truck Driver Pay? Learn More About the Benefits of Becoming a CDL Driver!