Most of the growth in driver pay likely came in the past year to 18 months as freight demand picked up, says American Trucking Associations’ chief economist Bob Costello. Most of the growth in driver pay likely came in the past year to 18 months as freight demand picked up, says American Trucking Associations’ chief economist Bob Costello. Photo: Bloomberg NewsWages and benefits for truck drivers are rising in the U.S. as tight freight-hauling capacity falls short of surging demand. The gains don’t show signs of slowing down as a strong rebound in trucking demand that began last year continues into 2018, said Bob Costello, chief economist for ATA. Greg Eddy, president of Venture Logistics in Indianapolis, said he’s working to reduce driver turnover after more truck drivers starting jumping between companies in search of higher pay.

Source: Wall Street Journal March 28, 2018 16:19 UTC