Con-way Sets Driver Pay Package
Con-way Truckload said Tuesday it has instituted new driver pay structures and programs aimed at attracting qualified team drivers.
The carrier said it unveiled the package to its drivers in the first quarter.
“Our drivers form the foundation of the company, and Con-way Truckload is committed to ensuring that they have modern, safe equipment, a good working environment and excellent, competitive compensation,” said Clay Halla, president of Con-way Truckload, which is a unit of Con-Way Inc.
The improvements include both compensation- and non-compensation-related benefits, including:
• A $3,000 sign-on bonus for new, qualified team drivers;
• Payment based on “practical miles” — closer to actual miles driven rather than industry-standard “shortest-route” compensation, enabling drivers to earn more;
• An annual incentive compensation plan of up to 7% of annual pay for eligible drivers if the company meets its financial goals
• Referral pay for successful recommendations of new and qualified driver teams;
• Increased vacation pay; and
• Voluntary “per-diem” pay.
The company also said the benefits include “more comfortable” equipment provided by Volvo, more home time, wellness coaches to assist with things like smoking cessation, and ergonomically correct seating.
Con-way Inc. is ranked No. 6 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
