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Karrie Grundy, director of recruiting for Sisu Energy, speaking to NPR s Planet Money
I think I can safely say that Grundy wasn t talking about my own podcast interview with frac sand hauler Sisu Energy s President Jim Grundy when she told National Public Radio s Planet Money that news stories highlighting astoundingly high pay for drivers at Sisu
a potential $730K annually! ignored the difference between revenue and net income for owner-operators.
Hear
Overdrive s podcast interview with Sisu Energy owner Jim Grundy about growth the company s experienced with a percentage-pay model for dry-bulk frac sand hauling via this link. Or catch it in the player at the bottom of this post.Most every Sisu driver is in fact a contracting owner-operator or small fleet; you ll find some drivers employed by those small fleets, but not raking in $14K/weekly in W2 wages. Over the weeks since our podcast aired with Sisu, Grundy s story and his efforts to attract owner-operators to
It was the perfect anecdote to whiz around the internet. A number of outlets, including
Newsweek, recently reported that a trucking company in Texas, Sisu Energy, is offering to pay truck drivers 14,000 a week $728,000 a year because of a nationwide shortage of truckers. All you ve got to do is go down to Texas and drive a truck for a couple of years, and you ll be a millionaire!
There s just one problem: Those news stories flying around out there are very misleading and inaccurate, says Karrie Grundy, the director of recruiting for the company. For one thing, Sisu Energy does not pay salaries to its truckers. Its truckers are independent contractors who get paid by the load, which means to earn anything, drivers first have to get their own trucks and acquire the skills and certifications to haul frac sand, a valuable sand used by fracking companies to blast oil and gas out of the ground. The most productive drivers, the company says, can bring in up to $14,000 a week.
After decades of breathless coverage of claims of a never ending driver shortage, a few mainstream outlets break through with labor shortage realism. More here.