CFI Announces 2022 Fleet Purchase Plans, Driver Pay Increase
Company to take delivery 770 new Kenworth T-680 Next Gen tractors, 250 new trailers in 2022
Increases and aligns driver pay across operating units
JOPLIN, MO – February 2, 2022– CFI, an operating company of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced its plans for fleet equipment upgrades and driver pay increases in 2022.
The company is acquiring 770 Kenworth T-680 Next Gen tractors, equipped with safety technologies and driver conveniences most in demand by today’s professional truck drivers. The company also is purchasing 250 new 53-foot trailers, including 100 dry-van general freight trailers, and 150 refrigerated trailers supporting the growth of CFI Temp-Control.
The company also announced a streamlined driver compensation program to align driver pay for consistency across its trucking operations. Under this plan, drivers for CFI Truckload and CFI Temp-Control will receive an increase of 2 cents per mile. Driver personnel can also qualify for extra earnings from incentive bonuses based on safety and productivity performance, retention and years of service, as well as recruiting referrals.
“We continue to invest in our people with modern, fuel-efficient equipment, including options and accessories most in demand by professional drivers supporting safe operations and driver comfort,” said Greg Orr, president of CFI. “With these new units, the average age of CFI’s tractor fleet will be less than two years.”
Features on the new tractors include 110-volt power inverters, engine block heater, refrigerator, ergonomic driver’s seat, LED headlights, an in-cab sliding fifth wheel release, cab-extender rear-facing cargo lights, digital dash and electronic power-assist “Smartwheel” steering wheel. CFI is investing an additional $5,000 per tractor for the new enhancements, adding up to nearly $3.75 million in upgrades across the entire fleet.
“We recognize our professional drivers as the ‘captain of their ship’ who pick up and deliver on-time and safely, as promised to our customers,” Orr added. “As such, we are implementing driver pay increases that align pay across our services with an attractive compensation package.” CFI professional drivers also receive a competitive benefits plan including health care options, a retirement plan with a company match and other extras.
“Our drivers persevered through another challenging year, providing consistent, superior service,” Orr noted. “Our fleet investments and compensation increases reflect their excellent performance and our goal of supporting them as one of industry’s safest carriers and the preferred destination for professional drivers.”