Trucking giant Schneider hikes driver pay amid hiring battle - Business Insider

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A trucking giant is paying over $90,000 a year and giving drivers $10,000 signing bonuses to prepare for a record-breaking holiday season

that team truck drivers, the term for those who drive with one other person, received a pay bump of two to four cents per mile last month. It may seem puny, but Schneider says its drivers average 5,000 to 6,000 miles a week — so it works out to a pay increase of up to $12,480 a year.Team truck drivers ensure the truck — and the goods they're moving across the country — is always moving.

Schneider, which is partnered with some of the country's biggest retailers, including Walmart, is responding to that. Along with the permanent pay increases, it's offering bonuses around the holiday season for drivers to team up.its solo drivers $5,000 to team up with another driver. Team drivers new to Schneider can snag bonuses of up to $10,000 per person. Through mid-January, the company's offering team drivers an $200 extra per month.

"The trucking industry had a slow period for a while — then, all the sudden, boom," Cathy Roberson, the founder of research firm Logistics Trends & Insights,

 

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