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:
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How driver pay has increased significantly over the past two years, with median pay up 10% for over-the-road drivers.
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The shift in focus for carriers towards retaining experienced drivers rather than attracting new ones.
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The impact of inflation on driver pay and how it might affect future increases.
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The difference between gross and net pay for independent contractors.
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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!
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Timestamps:
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00:00:00 Introduction
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00:00:30 Driver Pay Data & Trends
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00:03:11 The Impact of Inflation
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00:04:25 The Future of Driver Pay
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00:05:05 Independent Contractor Pay (Net vs. Gross)
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00:06:33 Predatory Lease Purchases
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00:08:28 Retention Strategies for Carriers
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00:08:55 The State of the Freight Market in Q3
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00:09:11 Where to Find Loaded & Rolling
Links:
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Loaded & Rolling: https://www.freightwaves.com/loaded-and-rolling
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FreightWaves NOW: https://www.freightwaves.com/
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