(Erica E. Phillips – Wall Street Journal)
Wages and benefits for truck drivers are rising in the U.S. as tight freight-hauling capacity falls short of surging demand.
The American Trucking Associations, a trade group that represents fleet owners, said annual truck-driver salaries rose between 15% and 18% from 2013 to 2017, with growth varying based on the type of fleet and the nature of the routes.
Some private-fleet drivers earned as much as $86,000 annually in 2017, up from $73,000 in the group’s 2013 survey, on top of benefits packages that included new paid leave offers and more-generous retirement plans. The survey showed the median salary for a truckload driver working a national, irregular route—essentially an entry-level driving position—was $53,000, up $7,000 or 15% from 2013.
The gains don’t show signs of slowing down as a strong rebound in trucking demand that began last year continues into 2018, said Bob Costello, chief economist for ATA. Click here to read more.