Company Introduces Two Attractive Driver Programs
JOPLIN, Mo. – February 09, 2012 – Con-way Truckload, a full-truckload carrier and subsidiary of Con-way Inc. (NYSE:CNW), today unveiled two programs designed to meet the needs of individual and team drivers. The carrier has developed and successfully piloted Destination Ownership and Guaranteed Team Pay, which will provide effective solutions for drivers seeking greater independence and steady, reliable compensation while supporting the company’s driver retention and recruitment efforts.
Through Destination Ownership, qualified company drivers will have an easier means of securing profitable owner-operator careers. The program allows drivers to purchase a Con-way Truckload trade truck at a low outright cost or through an affordable leasing program. Trucks purchased through Destination Ownership include an extended warranty to cover most engine issues. A transmission warranty is also available at an additional cost.
The new ownership program is open to Con-way drivers in good standing with a minimum of one year of service with the carrier. Lease approval will be based upon work and credit history. Once lease applications are completed and reviewed, interested drivers will be notified of eligibility within 24 hours. Approved drivers will be able to examine the truck of their choice at the carrier’s Joplin, Mo., terminal prior to final detailing and paperwork.
A second initiative, Guaranteed Team Pay is designed to prevent week-to-week disparities in team drivers’ available miles. Intended to minimize the negative impact of dwell time and inconsistent miles, the program guarantees team drivers reliable pay periods. Eligible drivers who adhere to the program guidelines will receive payment for a minimum of 5,000 miles per week, even if their miles don’t hit that benchmark. Guaranteed Team Pay will be officially implemented March 4 following a 10-week pilot study.
“We are happy to work with our drivers to generate solutions and address specific needs,” says Bert Johnson, vice president, human resources and driver recruitment, Con-way Truckload. “Through exploring new programs, we sustain a fair environment where drivers can set and attain personal career goals. We are confident Destination Ownership and Guaranteed Team Pay will bring owner-operators and team drivers the success and peace of mind they need and deserve.”
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About Con-way Truckload
Joplin, Mo.-based Con-way Truckload is an operating company of Con-way Inc. (NYSE:CNW) and a leading provider of expedited, time-definite full-truckload transportation services across North America. Formerly Contract Freighters, Inc. (CFI), Con-way Truckload today employs over 3,000 drivers with a fleet of more than 2,700 tractors and 8,600 trailers operating throughout the United States as well as internationally in Mexico and Canada. The company provides full-truckload transportation serving the transcontinental shipping needs of commercial and industrial businesses as well as sister company Con-way Freight. For more about Con-way Truckload, visit us on the Web at www.con-way.com/truckload or call (800) 641-4747.
Con-way Inc. (NYSE:CNW) is a $5.3 billion diversified freight transportation and global logistics company.