From Todd Dills, Overdrive:
Speaking as part of the analysis firm’s “State of Freight” series of webinars, FTR Transportation Intelligence Vice President of Research Avery Vise outlined a series of marketplace conditions that point to strong leverage for drivers looking to increase pay substantially.
Evidence of some ballooning sign-on bonuses have been seen, and rising driver wages Vise dubbed perhaps the most significant “cost pressure” for motor carriers, given continued expectation of growth in pay. In reporting by Overdrive‘s James Jaillet in November, longtime analyst of carrier pay packages Gordon Klemp told the Stifel investment firm that “for-hire drivers have lost effective purchasing power over the past 10 years or so and have had to adjust lifestyles accordingly.”
The “stage is set” at this point, Klemp told Stifel, “for drivers to realize driver pay increases over the foreseeable future.”
We’ll see. We’ve heard this kind of talk before without it becoming a reality.