Among the freight transport companies that held their earnings calls over the last week, the shortage of professional truck drivers was a frequent topic. “The unrelenting national shortage of qualified drivers is a long-term double-edged sword for our industry, simultaneously tightening the freight market while...
Demand for freight transportation is slowing as consumers cope with rising inflation, executives at Knight-Swift Transportation Holdings said Wednesday (July 20) during the company’s quarterly earnings call. “We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in...
As the U.S. emerges from the COVID-19 crisis, a surge in truck traffic has shippers boosting drivers’ pay. In a press release, Knight-Swift Transportation Holdings announced it is increasing both driver pay and contractor rates. For example, Knight-Swift said that its “over-the-road company drivers” have seen...
April 14, 2021
As the U.S. emerges from the COVID-19 crisis, a surge in truck traffic has shippers boosting drivers’ pay. In a press release, Knight-Swift Transportation Holdings announced it is increasing both driver pay and contractor rates. For example, Knight-Swift said that its “over-the-road company drivers” have seen their per-mile pay boosted. That’s part of the “pay increases […]
