Swift Transportation Co., the nation’s largest carrier, announced it will begin awarding its ranked company drivers with a new quarterly performance pay bonus designed to retain and reward drivers on their level of excellence.
The new quarterly performance pay is in addition to the current pay and motivates drivers to improve their ranking through focused attention to safety, on-time service and miles driven, the company said. The higher the driver’s rank, the higher the quarterly performance pay will be. Based on the driver’s performance, they can earn up to 6 bonus cents per mile.
Swift company drivers are currently ranked based on their safety, service and productivity level. The new program began July 1, and bonuses will be paid at the end of each fiscal quarter to ranked drivers who are employed the entire quarter.
“As you can see from this new plan, we are serious about retaining and rewarding the best drivers in America,” said Richard Stocking, president & COO.
For full details and more information about the new quarterly performance pay incentive visit www.joinswift.com.
Swift is based in Phoenix, AZ, and operates approximately 15,600 tractors — 11,600 tractors are driven by company drivers and 4,000 by owner-operators. The fleet operates 51,000 trailers, and 6,400 intermodal containers from 34 major terminals positioned near major freight centers and traffic lanes in the United States and Mexico.