GP Transco Raises Driver Pay 5 Cents a Mile as Truckload Capacity Tightens
Updated
Updated · FreightWaves · Jun 16
GP Transco Raises Driver Pay 5 Cents a Mile as Truckload Capacity Tightens
1 articles · Updated · FreightWaves · Jun 16
Summary
GP Transco lifted pay for all company drivers by 5 cents per mile, taking the top end of its scale to 72 cents and giving first-year drivers a path to nearly $100,000.
The Joliet, Illinois-based carrier tied the increase to improving freight conditions and a supply-led recovery that is making it harder to keep trucks seated.
Regulatory crackdowns since last fall have thinned driver capacity through tighter CDL and English-proficiency enforcement, scrutiny of driver schools and ELD providers, and stricter cabotage and visa actions.
That shrinking supply is already pushing pricing higher, with public carriers warning that earlier contract rates no longer hold and some signaling double-digit rate increases this year and next.
Hirschbach is moving the same way, announcing a 10-cent-per-mile increase for over-the-road company and lease drivers, suggesting pay pressure is spreading across trucking.