Driver Pay Package Gets Raise at Con-way Freight
Con-way Inc. (NYSE:CNW) announced that its compensation package for drivers at its less-than-truckload (LTL) carrier, Con-way Freight will now features increases in current pay rates while reducing the time it takes for drivers to reach top pay scale.
The enhancements, which will take effect on January 4, 2015.
With respect to the change in progression to top scale, all locations will be aligned to a common schedule in which drivers will reach top scale at three years from date of hire.
On January 4, all eligible drivers will be adjusted to the applicable new pay rate commensurate with their service time. The company has emphasized that the moves is designed to strengthen its ongoing efforts to attract and retain quality drivers.
This announcement follows the announcement last month of an enhanced driver pay package at sister company Con-way Truckload, which provides nationwide dry-van full-truckload services.
The rationale for the move is quite clear. “Our LTL company, along with Con-way Truckload, is facing the most pronounced driver shortage weve ever seen,” noted Douglas W. Stotlar, president and CEO of parent company Con-way Inc.
Category: General Update, Management
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