Quarterly report: Shippers want a neutral reporting of movement indicative of the market and not just individual fleet activity whereas motor carriers look to justify the increase in costs related to labor with their customers. Subscribers report the index as invaluable for neutral reporting of driver wage movement in an index format, suitable for use as a contract language benchmark and ideal for negotiations related to committed capacity.
The National Driver Wage Index is available by trailer type for historical and ongoing quarterly and annual truckload For-Hire driver wage activity. Shippers and carriers both benefit from the use of an accurate third-party index with which to adjust contact freight rates for labor costs. Whether your contracts adjust only once or multiple times a year, along with recent history you’ll stay informed of industry changes as they occur.