“Certain Pay” For Drivers?
Posted on April 19, 2006
With driver retention remaining a critical issue in the U.S. trucking industry – in some areas, driver turnover is averaging 130% - one large fleet announced that it has taken a significant step to hang onto its drivers. Schneider National Inc., the nation's largest privately held truckload carrier, announced the introduction of a “Pay Certainty Program” for its fleet of company drivers. Effective immediately, the program locks in a weekly minimum pay for drivers if Schneider is unable to offer a guaranteed minimum number of miles and the driver's earnings fall short of expected pay levels.
Schneider's Pay Certainty Program is based on a comparison of the number of miles offered to the driver and the resulting earnings, plus per diem reimbursements, against a four-week minimum pay level. Guaranteed pay ranges from $600 to $900 per week based on a driver's experience.
"Schneider is dedicated to delivering programs that make a difference in our drivers' lives," said Todd Jadin, senior vice president, operations at Schneider National, headquartered in Green Bay, Wis. "Though we offer our drivers the most miles in the industry, there are times when the market works against us. With this program, Schneider eases the financial burden for drivers and ensures their financial success."