A major Midwestern carrier is the latest trucking company to raise driver pay.
Joliet, Illinois-based GP Transco announced today that it is increasing pay for all company drivers currently on the CPM pay-per-mile model by 5 cents per mile, effective June 15. The increase gives GP Transco drivers the ability to earn up to 72 CPM base pay, with the opportunity to earn up to an additional 6 CPM through the company’s ELITE Driver Program based on performance.
For top-performing drivers, this brings total earning potential to up to 78 CPM, which can amount to nearly $100,000 during a driver’s first year with the company, according to a statement from the company.
The company said the pay increase reflects improving freight market conditions and GP Transco’s continued commitment to investing in its professional drivers.
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“As the freight market continues to move in the right direction, we are excited to pass that momentum on to our drivers,” said Amos Savickas, Executive Vice President of Operations at GP Transco. “Our drivers showed patience, professionalism, and commitment throughout a very challenging market, and this increase is a direct reflection of how much we value their work. We want GP Transco to continue being one of the top W2 carriers in the country for drivers who want strong pay, modern equipment, and a company that supports them.”
In addition to the pay increase, GP Transco said it is also expanding home time flexibility. Drivers who are currently out on the road for three weeks or longer will now have the option to move to a two-weeks-out schedule, if they choose. The change is not mandatory, but gives drivers more control over their time on the road and time at home, according to GP Transco’s statement.
The company will also continue working with drivers on home time flexibility in general, while maintaining reliable service for its customers.
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