Freight Slowdown Could Hinder Driver Wage Increases

Driver wage increases may be limited by slowdown in freight in the fourth quarter of 2015, according to a carrier survey by Transport Capital Partners. Volume expectations were also lowered for 2016 due to the industry slowdown at the end of last year, though some carriers were cautiously optimistic for growth. In the survey, 70% of carriers expected wage increases of 1% to 5%, while 22% of carriers expected to see no increases at all.