What’s next for driver wages after a 5-year rollercoaster ride?

In our 2023 Driver Market Forecast, NTI explores in-depth the critical themes and trends impacting driver supply and availability and the factors influencing driver wages in 2023, as well as how driver pay structures could evolve in the coming decade. We also provided our forecast for wage growth in 2023, offering our expectations for where the recent rollercoaster ride goes next.  

Fleets responding to newer drivers’ expectations for wage growth momentum

The “earn your stripes” mentality is quickly becoming an ideal of the past. While per-mile and hourly pay for drivers of all experience levels has shown strong and steady growth over the past two years, the momentum of wage growth among drivers at the lower end of the experience scale has been the most pronounced.

3 highlights from this quarter’s driver wages data

Survey data compiled by The National Transportation Institute on driver compensation and benefits programs for the most recent quarter shows that driver wages across segments, applications, trailer type, and fleet type continued their streak of quarter-to-quarter gains that started in the back half of 2020. Here are three highlights from this quarter’s wage data.