Truck driver wages forecast to continue growth

US recruitment and retention survey predicts more wage growth for drivers

truck cash in pocket

It’s a great time to be a truck driver where a lack of drivers is raising rates of pay and even sign-on bonuses are on offer.

Improving economies, big infrastructure investments and growing household consumption are also factors that are fueling the added demand for skilled truck drivers.

And a new study conducted in the U.S. has found things are unlikely to change soon.

The Recruitment & Retention Survey by Driver iQ finding fleets are generally expecting to raise truck driver wages and offer more bonuses.

The report finding the fleets have vacancies for up to 10% of their total driving staff at present.

The driver shortage has been declared the most critical issue facing the industry.

Nearly 70% of fleets surveyed by Driver iQ said they were offering a sign-on bonus of up to $2,499 USD (about $3,400 AUD) just to attract new talent.

“Motor carrier executives continue to play a three-dimensional chess games when it comes to recruiting.”- Lana R. Batts, co-president of Driver iQ.

“Managing within the context of an expanding economy, recruiters need to find drivers that are already working, attract them with wages, bonuses, and benefits, and yet still grow and maintain profitability.”

And will the extra dollars and sign-on bonuses see more applications come in?

The fleets were split on this with Driver iQ finding half believed they’re unlikely to see a lift in potential candidates coming forward.

Got any feedback you’d like to share on the truck driver recruitment situation? Struggling to find quality drivers?

Or, are you a driver looking for work? Let us know your experiences in the comments section below.

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About Joel Helmes 1676 Articles
Joel is the founder and CEO of Heavy Vehicles. With more than 20 years experience in the media, including more than 10 years heading up the car publication - Behind the Wheel, Joel is passionate about bringing a fresh perspective to the Australian road transport industry. Prior to his media career Joel worked for a number of years as a bus, truck and delivery driver.

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