trucking

GP Transco Raises Driver Pay as Truckload Market Strengthens

Improving freight conditions are triggering driver compensation increases across the industry as carriers compete for talent. Illinois-based GP Transco boosted pay for all company drivers by 5 cents per mile, with top compensation reaching 72 cents per mile. Top performers can earn an additional 6 cents per mile in incentive pay. First-year drivers can now earn nearly $100,000 annually, the carrier said Monday.

GP Transco also enhanced driver retention through scheduling improvements, offering 48-hour weekend breaks after two weeks on the road versus the previous three-week requirement. "Our drivers showed patience, professionalism, and commitment throughout a very challenging market, and this increase is a direct reflection of how much we value their work," said Amos Savickas, head of operations at GP Transco.

Tighter regulatory enforcement on driver licensing, language proficiency, and visa requirements has reduced available capacity, tightening supply. Multiple carriers have signaled double-digit rate increases are possible this year and next. While large carriers pursue margin recovery through asset utilization rather than broad-based pay hikes, regional operators like GP Transco use compensation as a competitive advantage. This strategy helps them attract talent amid the capacity shortage.