In The News

Forward Air Announces Increased Rates for Owner Operators

Forward Air (No. 36 on the CCJ Top 250) is increasing its per-mile rate for independent owner-operators in its truckload expedited (TLX) and LTL divisions, effective Oct. 1.

Drivers in the TLX division will receive a 10-cent-per-mile boost, while contractors in the LTL division will receive a 3-cent-per-mile boost. Additionally, owner-operators operating more than one truck will receive the tenure rate, up to 5 cents-per-mile, for their entire fleet based on the contract date of their oldest truck.

The company says LTL owner-operators run trailers averaging 26,000 LBS from one Forward Air terminal to another, mostly at night, averaging 3,000 miles solo and 5,800 miles for teams each week. TLX drivers run from customer to another and average between 2,800 miles solo and 5,000 miles as teams each week.

Solo LTL owner-operators can earn between $1.01 and $1.085 per loaded mile, while team LTL owner-operators can earn between $1.11 and $1.20 per loaded mile. Solo TLX drivers can earn between $1.16 and $1.235 per loaded mile, while team TLX drivers can earn between $1.23 and $1.32 per loaded mile.

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