COMPETITION WATCH Schneider announces largest pay increase ever
GREEN BAY, Wisc. — Schneider National today announced plans to introduce the largest pay increase for drivers and O/Os in 70 years.
The new package is slated to kick in Feb. 6, 2005 and will more than double the company’s 2004 pay increase, according to company officials. In addition to increasing pay, the company’s new compensation plan aims to provide company drivers and owner/operators with more time-at-home opportunities and improved quality of work/life.
Under the new plan, Schneider will increase the annual W-2 earnings of drivers and revenues of owner/operators. To achieve this, pay will focus on both driving and non-driving work to ensure that drivers and owner/operators are compensated more appropriately for their time. Both drivers and owner/operators will see significant mileage rate increases and new programs to compensate for customer delays and short-hauls.
Specifically, company drivers will receive an average increase of $4,000 per year, new short-haul premiums and increased non-driving provisions, such as detention pay.
The new contract for owner/operators increases linehaul rates to $.90 (US) per mile plus fuel surcharge and provides savings opportunities on business expenses. Along with offering the most available miles in the industry, these changes will help drivers and owner-operators earn significantly more money in 2005.
Work/life improvements are equally as important as the pay increase under the 2005 compensation plan. Some of the improvements for drivers and owner/operators will include more predictable work schedules, better time-at-home options, more Home Run program opportunities, trailer tracking and street level directions. Additional changes in work assignment communication through existing satellite technology aims to improve efficiency and accuracy of data sent and received.
"Schneider is 100 percent committed to providing the most rewarding driving careers in the industry," said Scott Arves, president of transportation for Schneider National Inc. "This investment lets our more than 15,000 drivers and owner-operators know that we’ve listened carefully to their concerns and are making investments that will impact their paychecks, careers and quality of life both at home and on the road."
For info call 1-800-44-PRIDE or visit www.schneiderjobs.com.
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