This episode of FreightWaves NOW: Community Spotlight dives into the latest data on driver pay. Host Kaylee sits down with Thomas Wasson of Loaded & Rolling to discuss:
How driver pay has increased significantly over the past two years, with median pay up 10% for over-the-road drivers.
The shift in focus for carriers towards retaining experienced drivers rather than attracting new ones.
The impact of inflation on driver pay and how it might affect future increases.
The difference between gross and net pay for independent contractors.
What the future holds for driver pay as we head into 2025, including potential changes in carrier strategies.
Thomas Wasson also shares his thoughts on the current state of the freight market and what he expects to see in Q3.
Stay tuned to Loaded & Rolling for more industry insights!
Subscribe to the FreightWaves NOW channel for more trucking news and content.
Timestamps:
00:00:00 Introduction
00:00:30 Driver Pay Data & Trends
00:03:11 The Impact of Inflation
00:04:25 The Future of Driver Pay
00:05:05 Independent Contractor Pay (Net vs. Gross)
00:06:33 Predatory Lease Purchases
00:08:28 Retention Strategies for Carriers
00:08:55 The State of the Freight Market in Q3
00:09:11 Where to Find Loaded & Rolling
Links:
Loaded & Rolling: https://www.freightwaves.com/loaded-and-rolling
FreightWaves NOW: https://www.freightwaves.com/
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