Press Releases
Con-way Inc. | KempGoldberg |
Con-way Truckload Unveils Improved, Wide-Ranging Driver Compensation Package
Innovative Benefit and Incentive Structure Designed to Enhance Driver Pay and Comfort
MEMPHIS, Tenn. - May 15, 2007
Con-way Truckload, a full-truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced new and innovative pay structures and programs aimed at attracting qualified team drivers to its modern, efficient fleet. The new package was unveiled to current Con-way drivers during 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, Con-way Truckload. “We are constantly reevaluating and improving our offerings for drivers as we continue to establish ourselves as the premier employer in our industry.”
Con-way Truckload’s portfolio of improvements for drivers includes both compensation- and non-compensation-related benefits. The offerings include:
- $3,000 sign-on bonus for new, qualified team drivers
- Payment based on “practical miles” — payment closer to actual miles driven rather than industry-standard “shortest-route” compensation, enabling drivers to earn more
- Annual Incentive Compensation Plan (ICP) — a company-wide reward of up to seven percent 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
- Voluntary “per-diem” pay
Other benefits at Con-way Truckload relate directly to the safety, health, comfort and satisfaction of its drivers:
- Modern, comfortable Volvo equipment known for safety excellence
- Increased home time
- Wellness coaches to assist with smoking cessation, weight, sleep and other health issues
- Ergonomically correct seating designed to enhance comfort, reduce fatigue and improve safety
- Uniquely steady freight volumes for steady miles and paychecks
- Electric landing gear to eliminate the need to manually lower dolly legs
- Installed inverters and in-cab refrigerators
- XM radio equipment with no activation fee
- Ability to travel with pets
Con-way Truckload began operations in January 2005. Qualified team drivers interested in learning more about the company’s compensation and benefit offerings or in applying for employment should call 1-866-WORK-4-US (967-5487) or visit www.con-way.com/truckload.
Con-way Truckload
Con-way Truckload provides expedited, team-based, full-truckload transportation services across the United States, primarily serving the transcontinental line-haul needs of sister company Con-way Freight. With a network of experienced team drivers and owner-operators, Con-way Truckload drivers play an integral role in the service performance of the industry’s leading less-than-truckload (LTL) company, Con-way Freight. Memphis, Tenn.-based Con-way Truckload operates a modern, efficient fleet of more than 1,200 pieces of equipment with approximately 250 driver teams and more than 50 owner-operator teams.
Con-way Truckload is a subsidiary of Con-way Inc. (NYSE: CNW), a $4.2 billion freight transportation and logistics company and FORTUNE magazine’s “Most Admired Company” in transportation and logistics for 2007. For more information, visit www.con-way.com/truckload.
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