WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- Wages for American truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent, according to the results of a new industry survey released today.
"The data supports what industry sources have been saying for some time – the driver shortage has been great for drivers who saw their salaries rise last year," said ATA Chief Economist Bob Costello. "Pay increases were broad based across the industry, for example between salary increases and bonuses, the average truckload driver saw a wage increase of 10.9% last year."
As part of the 2022 ATA Driver Compensation Study, fleets with more than 135,000 employee drivers, and nearly 20,000 independent contractors were queried about their compensation, including pay rates, bonuses and benefits.
- The median truckload driver earned more than $69,000 in 2021 – an 18% increase from the previous survey.
- More than 90% of truckload fleets raised pay in 2021, with the average increase hitting 10.9%. Ninety-six percent of fleets offered referral bonuses for new drivers, and 54% offered sign-on bonuses.
- Every less-than-truckload fleet surveyed raised pay in 2021, with the median wage hitting 73,000.
- The median salary for a driver at a private fleet was $85,000.
- Non-drayage owner-operators that responded to the survey saw estimated median gross revenues of $235,000 in 2021, while owner-operators in the drayage sector saw median gross revenues of $164,000.
"The driver shortage, coupled with increased demand for goods in the post-pandemic economy, really drove driver salaries," Costello said. "These pay increases should put to lie the myths about the nature of this job – trucking is a path that can provide a well-paid career for Americans looking for one."
ATA Chief Economist Bob Costello will hold a media briefing about the 2022 ATA Driver Compensation Study at 11:30 AM EDT on Wednesday, August 10. For more information, contact Sean McNally at firstname.lastname@example.org.
The full 2022 ATA Driver Compensation Study is available for purchase at ATABusinessSolutions.com
American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA on Twitter or Facebook. Trucking Moves America Forward
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SOURCE American Trucking Associations