How much would a one cpm raise cost yearly?

At one cent per mile, 3000 miles per week, 52 weeks a year, total of 10,000 drivers. That totals $15,600,600.

Now your mileage, of course will vary. As will how many days a year you are driving.

Here are some financial numbers for you. All numbers are net income (not revenue) after taxes, and for year ending 2006.

JB Hunt: $220,000,000
Swift: $141,000,000
Knight: $713,000
USA Truck: $12,441 (yep, twelve thousand)
US Xpress: $20,000,000

These are all publicly traded cos. I would like to get info for Schneider, but being private it isn't easy to get financial info for them. I have heard, through hearsay of course, that Schneider has over $3B in revenue yearly.

So, put these numbers in prospecitve for yourself and the company you work for. Could your co. afford to pay you 1 or 2 cpm extra? A 2 cpm raise is about $3000 yearly with 3000 miles per week.

 

I got all the numbers from the internet. Easy to google. Are they accurate? Who knows if the companies are truthful in reporting.

Well, I could say greed, but the companies would probably say someting like this: these profits are returned to the share holders in the form of dividends, and employees through profit sharing.

Has any one ever seen/held/cashed a profit share check from an OTR company?