The nation’s largest refrigerated truckload carrier is raising pay for company drivers and owner-operators following a “stronger fiscal performance.”
Prime, the seventh-largest truckload carrier, according to SJ Consulting Group, bumped up pay for over-the-road company drivers by 1 cent per mile this month.
Owner-operator line-haul revenue increased 4 cents per mile over the past year as freight demand rose, the Springfield, Mo., company said in a statement.
Prime is one of nine truckload carriers with more than $1 billion in annual revenue in the list of Top 50 Truckload Carriers prepared by SJ Consulting for the JOC. Prime ranks 14th among the Top 50 Trucking Companies.
Last year, the trucking company increased revenue 13.8 percent to $1.37 billion, following an 18.3 percent increase in 2011 and 15.7 percent increase in 2010.
The carrier has more than 6,000 company drivers and owner-operators, according to data filed with the Federal Motor Carrier Safety Administration.
The average truck driver pay in 2012 was $40,360, according to the Bureau of Labor Statistics. Median annual pay was $38,200 last year.