FOR IMMEDIATE RELEASE
Chief Executive Officer
THE NATIONAL TRANSPORTATION INSTITUTE NAMES LAWRENCE TRANSPORTATION AS TOP PAY CARRIER
Company announces increase to owner operator compensation program
July 7, 2015 (Roanoke, Va.) – The company was recently named a Top Pay Carrier for 2014 by the National Transportation Institute. In conjunction with this distinguished achievement, Lawrence Transportation announced significant pay increases for its owner operators.
Effective July 1, 2015 the standard owner operator mileage rate will increase to $1.03 per mile and the northeast mileage rate to $1.07. The performance rate will increase up to 4 cents per mile in addition to those rates. The deadhead rate will also increase to $1.03 per mile.
“It is a privilege to be selected by The National Transportation Institute as a Top Pay Carrier for 2014,” said Ron Spangler, CEO for Lawrence Transportation Systems Inc. “Our ability to attract and retain quality drivers is based on providing high mileage and weekends at home. This, combined with the Top Pay Carrier recognition, has allowed us to achieve this continued success.”
To earn this prestigious award, carriers need to qualify in three categories: top-tier pay, health and retirement benefits, and carrier stability. NTI considers these categories to be the most influential in making professional driving a rewarding and secure career choice. The organization ranks these evaluation results against other carriers in the industry, thereby creating a select group of top-paying carriers.
“We are excited to welcome Lawrence Transportation Inc. to the elite ranks of those fleets designated as a Top Pay Carrier by The National Transportation Institute,” said Gordon Klemp, principal of NTI. “While some carriers may have high performance pay, benefits or a retirement program, only the best of the best offer exceptional industry-leading plans in all three categories. The result of our three-phased evaluation is drivers can match themselves with a certified Top Pay Carrier who offers more than a job; they offer a secure career choice. Drivers working for or considering working for Lawrence can be assured that NTI has performed an exhaustive review of their driver pay, driver benefits and retirement programs and determined them to be exceptional.”
In addition to the pay increases, owner-operators at Lawrence will receive competitive occupational accident insurance with no administrative cost and weekly pay. Driver benefits include excellent home time, advances on loads, 50 % drop and hook, 100 % fuel surcharge, performance bonus, 98 % no touch and a 24/7 breakdown line. For more information about the driving opportunities at Lawrence, please visit www.driveforlts.com or call 877-433-3401.
About Lawrence Transportation Systems
Lawrence Transportation Systems Inc. is one of the largest regional truckload freight carriers on the East Coast. The company, founded in 1932 under the name Lawrence Transfer and Storage, got its start as a leading moving and storage company. It has a longstanding relationship with United Van Lines and is regularly honored as one of its Top Producers and Top Hauling agents. Lawrence established an employee stock ownership plan in 1998 and is currently 100 % employee-owned. For more information about Lawrence Transportation Systems Inc, please call 877-433-3401 or visit www.driveforlts.com.
About The National Transportation Institute
The National Transportation Institute was founded in 1995 with a goal of providing accurate and authoritative mission-critical benchmarks to truckload carriers on company driver and owner-operator compensation history and changes. The National Transportation Institute’s publications are used by insurers, consultants, carriers, shippers and nearly every equity analyst who follow transportation sector stocks. NTI’s largest subscriber base remains in the transportation sectors for-hire and truckload fleets where they are widely used as a tool for fleet executives to understand the direction and velocity of the Class A CDL market wages and emerging pay strategies. To lean more, call 800-678-1614 or e-mail firstname.lastname@example.org.