Heavy Duty Trucking

AUG 2014

The Fleet Business Authority

Issue link: https://heavydutytrucking.epubxp.com/i/364502

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Page 85 of 109

84 HDT • AUGUST 2014 www.truckinginfo.com Drivers Steps Taken to Retain Drivers Increasing pay 39% Upgrading equipment 38% Offering various incentive programs 36% Improving benefits 22% Providing flexible work arrangements 18% Offering owner program 16% Appointing a driver liaison 12% Not sure 12% 9% 5% 4% Not taking steps, retention is solid Not taking steps, but need to Offering career advancement planning SOURCE: HIRERIGHT SURVEY OF ABOUT 2,800 TRANSPORTATION COMPANIES $55,917 $51,839 $47,544 Dry van driver yearly pay SOURCE: NATIONAL SURVEY OF DRIVER WAGES AS OF THE END OF 2013. $ $ $ 50 percentile 75 percentile 90 percentile 51% 26% 23% Have at least 2 years of experience Have little or no experience Have less than 2 years of experience Experience of driver applicants SOURCE: CDL CAREER NOW Driver Benefits at Successful Companies Driver Recognition Bonus-Pay for Accident-Free Driving Health Care Insurance Longevity Bonus Commissions on Sales Fuel Surcharge Pay Signing Bonuses 401(k) Retirement Plan 70% 60% 50% 40% 30% 20% 10% 0% A 2012 survey of 300 trucking companies in Texas found that "highly successful" companies differed from their peers in driver benefits. To qualify as "highly successful," a company had to report revenue growth, a net profit margin of at least 10% and a minimum of 11 drivers. Highly Successful Companies Other Companies

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