Driver pay highlights in early 2024: Per-mile incentives swell while base pay gains remain moderate

Current data from NTI’s National Survey of Driver Wages reveals fleets have been active in adjusting incentives paid to professional drivers that promote cost savings while also giving drivers the opportunity to boost their paychecks absent the aggressive base pay increases seen from late 2020 through the middle of 2022. While base pay gains have moderated and stabilized, current data published this month in NTI’s National Survey of Driver Wages shows year-over-year changes do persist for drivers’ base hourly and mileage pay.

Looking for new approaches to driver pay in 2024? Consider these 4 driver pay resolutions this new year

Looking for new strategies or new approaches to your driver compensation programs this year? With a challenging freight environment persisting amid a still-strong labor market, fleets often are walking a tightrope the past 18 months, trying to balance the need to attract and retain their most valuable asset — professional drivers — with the need to maintain profitability while waiting for the freight market to rebound. With that backdrop in mind, NTI’s team of experts has assembled this list of four driver pay resolutions for your fleet to consider this new year and beyond.