Freight companies that provide the leases argue that they are cultivating small-business ownership and that many drivers successfully complete the typical four-year contract to own the truck.

Wholesaling and couriers, linked to e-commerce, sustained freight without pulling drivers. Manufacturing: Generating 60% of for-hire trucking ton-miles, manufacturing sustains freight demand.

The report noted that 71% of LTL respondents raised driver pay last year, compared with 100% in 2021. LTL carriers increased employee driver pay by 3.5% on average last year, from 2.6% in 2021.

With one driver effectively operating two trucks, the system extends fleet capacity without doubling headcount. Along with addressing the nation’s persistent truck driver shortage, It can also ...

[Stay on top of transportation news: Get TTNews in your inbox.] The demand for professional truck drivers continued to show signs of activity this year despite an overall slowdown in the freight ...

Driver Optimism Conversion reported 56.1% of drivers responded “yes,” they were optimistic about the impending end of the freight recession.

Freight Carriers Cheat Drivers With Rent-to-Own Deals Lease-purchase agreements for trucks are often a trap that gives cargo companies too much control. January 30, 2025 at 4:30 AM PST By Thomas Black ...