As it becomes increasingly difficult to keep truck drivers, companies have begun to raise the pay for drivers by the mile. The trucking industry has experienced a large shortage in drivers recently, and is looking to secure their current drivers by making this move. However, many in the trucking business are asking for more. Some insist on raising the maximum speed for a truck driver as well as offering a guaranteed hourly wage, rather than offering payment by the mile.
With all these changes, large trucking company Transport America says they are “invested in their drivers' careers as much as they are.” This is why companies, like Transport America, across the nation continue to raise trucker salaries. However, the exact "best" way to increase truckers' pay is still under debate.
While increased wages can help many truck drivers, some still struggle to make ends meet. Fortunately, freight factoring services can help indpendent truckers and trucking companies alike with cash flow problems stemming from unpaid invoices. The team at TBS Factoring Service has over 50 years of experience and is well-equipped to help your trucking business grow. Call us today at (800) 207-7661 to learn more about how we can help grow your business.