Prime announces new driver pay structure

May 1, 2005
Springfield MO-based refrigerated carrier Prime Inc has introduced a new compensation structure for all current and future refrigerated division company

Springfield MO-based refrigerated carrier Prime Inc has introduced a new compensation structure for all current and future refrigerated division company drivers. The new pay structure allows drivers joining Prime to start at 35.5 cents per mile, based on experience. Some current drivers are now earning up to 62.5 cents per mile, which includes all bonuses and programs such as fuel surcharge and driver training programs.

The new program recognizes and rewards drivers based on their number of years driving and credits experienced drivers with mileage driven for future pay increases. Prime's refrigerated division accounts for more than 70% of the firm's drivers.

Prime has also increased the company's contribution to employees 401K plans by 20%. All employees, including company drivers who have been with the company for one year, are eligible to participate in the 401K plan. This program not only gives associates the ability to put money toward retirement, but Prime also matches every employee dollar with a 50-cent contribution for up to 6% of the employee's gross pay.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!