Content Sponsored by GP Transco
A Midwest-based carrier already recognized as an industry leader in terms of driver pay and benefits has upped the ante once again with a major base pay bump for company drivers.
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.
“The freight market is doing well, and our contracted customers are extremely happy with the way our drivers are performing” said Marija Jamontas, GP Transco’s VP of Safety and Administrative Services.. “Increasing the base pay will allow us to continue having some of the safest, most motivated and skilled drivers in the industry work for the company. The high pay combined with full benefits and 401k with a 5% match will also allow us to be even more selective in terms of recruiting incoming drivers”
GP Trancso is currently sitting at the number 3 slot on the website truckdriverssalary.com‘s list of Top Trucking Company Pay Rankings, sitting only behind Walmart and Sysco — making GP Transco the highest paying non-private fleet trucking company on this list. Earlier this year, the company was named as the “Best Trucking Company to Work For in 2021” by Smart-Trucking.
GP Transco has provided elite transportation services to customers throughout the U.S. and Canada for over 15 years. To learn how you can kick start your trucking career with one of the fastest growing companies in the industry, please click here.
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