Swift Transportation Company (NYSE:SWFT) recently announced its next step to becoming “Best in Class” by awarding its ranked company drivers with a new Quarterly Performance Pay bonus.
This new incentive program is designed to retain and reward drivers on their level of excellence. Swift company drivers are ranked based on their safety, service, and productivity level. This new program began July 1, 2012, and bonuses will be paid at the end of each fiscal quarter to ranked drivers employed the entire quarter.
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 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.
“As you can see from this new plan, we are serious about retaining and rewarding the best drivers in America,” said Richard Stocking, president and chief operating officer.
For full details, visit www.joinswift.com.
Phoenix AZ-based Swift operates a tractor fleet of about 15,600 units comprised of 11,600 tractors driven by company drivers and 4,000 owner-operator tractors, a fleet of 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.