Driver pay has been rising across the industry this year as fleets’ higher profits facilitate pay increases and driver retention efforts have accelerated. More than four of every 10 truckload fleets raised pay in the third quarter, a recent survey found.
“As a company, we have tremendous opportunities to grow. Hiring the best drivers allows us to retain our leadership in the industry,” Crete CEO Tonn Ostergard said. “This pay increase is not an expense, but an investment in our most valuable asset.”
In addition to higher pay, the statement from Crete, which owns both companies, said that miles driven have increased at both carriers, producing even greater pay for drivers. Crete ranks No. 30 on Transport Topics Top 100 For-Hire Carriers in the United States and Canada.
The statement also noted that Crete and Shaffer equipment now on average is less than two years old as part of an ongoing fleet modernization effort.