Truckload carrier Transport America hopes to tackle the driver recruitment and retention problem from two angles: raising per mile pay, and increasing its speed limit to give drivers more miles.
04 Jun 2015
As trucking firms battle for qualified drivers, Covenant Transport is offering more than 1,000 team drivers on its payroll $1,000 a week in guaranteed minimum pay, perhaps the largest guarantee of its kind yet. That kind of guarantee requires strong support from shippers.
24 Apr 2015
Large, diversified truckload carriers found detours around the "soft patch" in the U.S. economy during the first quarter, with most increasing revenue and profit. A lack of drivers may have held back some companies.
18 Feb 2015
Shippers could see truck pricing 'skyrocket' as they scramble to move containers inland once the labor situation at U.S. West Coast ports is resolved, BB&T Capital Markets said.
23 Jan 2015
Higher rates, better utilization, more drivers and new holiday business meant more revenue and profit for Covenant Transportation in 2014.