Driver Pay & the Future

<p>This episode of FreightWaves NOW: Community Spotlight dives into the latest data on driver pay. Host Kaylee sits down with Thomas Wasson of Loaded &amp; Rolling to discuss:</p> <ul> <li><p>How driver pay has increased significantly over the past two years, with median pay up 10% for over-the-road drivers.</p> </li> <li><p>The shift in focus for carriers towards retaining experienced drivers rather than attracting new ones.</p> </li> <li><p>The impact of inflation on driver pay and how it might affect future increases.</p> </li> <li><p>The difference between gross and net pay for independent contractors.</p> </li> <li><p>What the future holds for driver pay as we head into 2025, including potential changes in carrier strategies.</p> </li> </ul> <p><strong>Thomas Wasson</strong> also shares his thoughts on the current state of the freight market and what he expects to see in Q3.</p> <p><strong>Stay tuned</strong> to Loaded &amp; Rolling for more industry insights!</p> <p><strong>Subscribe</strong> to the FreightWaves NOW channel for more trucking news and content.</p> <p><strong>Timestamps:</strong></p> <ul> <li><p>00:00:00 Introduction</p> </li> <li><p>00:00:30 Driver Pay Data &amp; Trends</p> </li> <li><p>00:03:11 The Impact of Inflation</p> </li> <li><p>00:04:25 The Future of Driver Pay</p> </li> <li><p>00:05:05 Independent Contractor Pay (Net vs. Gross)</p> </li> <li><p>00:06:33 Predatory Lease Purchases</p> </li> <li><p>00:08:28 Retention Strategies for Carriers</p> </li> <li><p>00:08:55 The State of the Freight Market in Q3</p> </li> <li><p>00:09:11 Where to Find Loaded &amp; Rolling</p> </li> </ul> <p><strong>Links:</strong></p> <ul> <li><p>Loaded &amp; Rolling:<a href="https://www.freightwaves.com/loaded-and-rolling"> https://www.freightwaves.com/loaded-and-rolling</a></p> </li> <li><p>FreightWaves NOW:<a href="https://www.freightwaves.com/"> https://www.freightwaves.com/</a></p> </li> </ul>

An episode of the FreightWaves NOW podcast, hosted by FreightWaves, titled "Driver Pay & the Future" was published on September 11, 2024 and runs 11 minutes.

September 11, 2024 ·11m · FreightWaves NOW

Summary

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

Episode Description