* Missouri - Private fleet pay still well-surpasses for-hire pay
-- Driver pay scales are rapidly becoming complicated as fleets across the trucking spectrum – from for-hire to private – seek to reduce turnover and bring in new blood... Driver pay among private fleets in 2015 averaged $66,000 to $82,000 versus $54,000 in the for-hire segment – a gap made worse on the for-hire side by what Gordon Klemp - founder and president of the National Transportation Institute - calls “lumpy pay” and driver-paid living expenses... The “glut” Klemp referred to is the growing problem of finding drivers with the right qualifications and safe records to hire... “A lot of driver applications are ‘abysmal’ in the words of one fleet we talked to; one that rejected 2,300 driver applications,” he stressed. “So while there may be a lot of driver applications, there are not a lot fleets want to put on the payroll. This still remains a problem ” ... Perhaps the greatest problem is that driver pay, tracked in parallel with inflation, remains far below what the industry used to offer over three decades ago.... “If you take 1980 average [driver] pay of $38,618 and index it to inflation, it normalizes at $111,455 today,” Klemp said. “And volatility of income per driver is much greater than what U.S. household income has been”...
(Photo by Sean Kilcarr/Fleet Owner: For-hire driver pay averaged $54,000 in 2015, while private fleet driver pay averaged between $66,000 and $82,000) -- St. Louis, MO, USA - Fleet Owner, by Sean Kilcarr - Feb 26, 2016Labels: trucking industry news USA, trucks' drivers payment
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