Fleet Management News & Business Info | Commercial Carrier Journal
Issue link: http://read.uberflip.com/i/949884
commercial carrier journal | march 2018 47 private fleets scrambling to fill seats, throwing money at drivers and exac- erbating turnover rates that reached 95 percent at large carriers in the third quarter of 2017, according to ATA. In CCJ's own monthly Market- Pulse survey, nearly 90 percent of fleet executives in December cited driver availability as their biggest concern, the highest level in the sur- vey's history. (see "Top concerns for fleet executives," page 50.) "This has the makings of a perfect storm," says Klemp, whose company Driver Pay Increases Have Not Kept Up Driver W-2s Vs. Inflation and Minimum Wage, 2006-Q1 2017 A shortage of qualified drivers is nothing new. But underlying factors point to a grave situation this time around. When it comes to pay and benefits, will drivers finally be in the driver's seat? BY LINDA LONGTON For-hire Private Ination Minimum Wage 6% 17% 18% 45% Over the past decade, for-hire driver pay has increased but at nowhere near the same pace as that of drivers for private eets and nearly 40 percent less than growth in the minimum wage, according to analysis by the National Transportation Institute. In a- tion also has outpaced driver pay increases.