Mike
Well-Known Member
On April 21, Joliet, Illinois-based trucking company GP Transco announced a substantial base pay increase for company drivers across the board as a way to thank drivers for their skill and professionalism and as a means of further attracting and retaining elite driving talent.
Before the pay bump, company driver base pay was 52 cents per mile (cpm). Drivers could also earn more through a performance-based profit-sharing program. Starting today, GP Transco’s company driver base pay is increased to 60 cpm, and performance-based profit-sharing will no longer indicate the total driver pay – this offers higher pay as well as increased consistency for their current and incoming drivers.
This large increase in base pay – along with the current average accessorial pay of 5 more cpm and the company’s fuel bonus program — means that W2 company drivers can expect to earn around 66 cpm during their first year with the company. The base pay increase also means that company drivers can now expect to earn about $90,000 during their first year with GP Transco (based on 2,700 miles driven on a weekly average). Company team drivers also received the same base pay increase, going from 67 cpm to 75 cpm.
Before the pay bump, company driver base pay was 52 cents per mile (cpm). Drivers could also earn more through a performance-based profit-sharing program. Starting today, GP Transco’s company driver base pay is increased to 60 cpm, and performance-based profit-sharing will no longer indicate the total driver pay – this offers higher pay as well as increased consistency for their current and incoming drivers.
This large increase in base pay – along with the current average accessorial pay of 5 more cpm and the company’s fuel bonus program — means that W2 company drivers can expect to earn around 66 cpm during their first year with the company. The base pay increase also means that company drivers can now expect to earn about $90,000 during their first year with GP Transco (based on 2,700 miles driven on a weekly average). Company team drivers also received the same base pay increase, going from 67 cpm to 75 cpm.
Smart-Trucking’s “Best Trucking Company to Work For” just announced a major pay increase and it’s a game-changer
An Illinois-based carrier already recognized as an industry leader in terms of driver pay has upped the ante once again with a major base pay bump for company drivers.
cdllife.com