Compensation continues to improve in our profession; I see many regional and even OTR companies offering 60cpm or more. It might be helpful if we start listing companies that not only have the high CPM but the miles to go with it and good benefits to boot.
I am considering doing a true OTR job for the next 2 or 3 years because it is the quickest way to get high pay while having a more or less easy, scenic, low stress experience. 60cpm x 3000 miles = $1800/week base wage. Add in the bonuses and accessorials and it is not IMO an unreasonable goal to make that number an average. Potentially, over $93k/ year for simple, meat-and-potatos OTR. Some of these big carriers you might think would not get you the miles but big carriers have a lot of different routes and accounts and likely there is a fast-lane or two available if we just ask for it.
Here are a few:
Forward Freight Systems - based in Chicagoland 70CPM regional flat beds
Van Eerden - based in Byron Center, Mi
One of their gigs is a big loop taking office furniture to Ca and bringing produce back - at least 1700 miles each way. they don't quite offer 60 (57 or 58 to start) but they got great benefits including cheap medical, 401k match, generous safety and other bonuses and $7500 sign on.
Roehl - yeah, I know, a mega-carrier but they advertise 61+ CPM (probably including safety bonus), they have a $10,000 sign on bonus, profit sharing and if you ever get feeling burnt out, you can take 7 days at a time in home time - you can even do 7 out and 7 off.
They advertise average mileage of 2300 to 2600 per week but surely, a company that size will have some truly long haul accounts.
Experior Transport - Bases in Illinois, New Jersey, California and (I believe) Michigan. CPM is only about 55 but they have $50-$100 stop pay for every stop including pick up. If you are willing to run 70% North East you will make $100k at Experior. They don't say much on the website but I had a long talk with the General Manager. Benefits however are thin.
I'd like to focus here on regular, no endorsement, van, reefer and maybe flat bed companies - the kind of job anyone can get with a couple years experience.
I also see very good offers for teams now-a-days. Experienced teams are being offered upward of $180k/year. Bar Nun is offering 71-73 CPM for OTR and 82 CPM ! for regional.
I think it is a great time to look for greener grass if your company has not kept up with current wage standards.
60+ CPM THE NEW STANDARD?
Discussion in 'Motor Carrier Questions - The Inside Scoop' started by dogtrucker, Jul 19, 2019.
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Swanson6075, alds, HD_Renegade and 5 others Thank this.
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Swanson6075, LtlAnonymous, D.Tibbitt and 7 others Thank this.
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HD_Renegade and Intothesunset Thank this.
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Watch out for the hidden "Ifs and Buts". .60 cpm loaded, "but" .45 cpm empty... first 2 hours demurrage not paid... etc, etc et tal.
Not everything advertised pans out to be true come time for the interview.
I am seeing this right now as I'm looking for a job puling tankers -
Don't forget that that 60CMP it not necessary mean 3000+ miles, and you have 0 clue how thier layover , detention, medical payments etc work.
59EX, PE_T, Intothesunset and 3 others Thank this. -
Or 22 cents of it is actually per diem so what you’re really getting is .38 cpmPE_T, Intothesunset, DTP and 2 others Thank this. -
If it is only an option, there is no reason to worry about it.jammer910Z, Aamcotrans and Intothesunset Thank this. -
As I mentioned in the OP I am looking at companies that have the mileage to go with it. I also wrote in the OP the average mileage for Roehl, the high mileage on a particular Van Eerden gig and the extraordinary stop pay of Experior. I know less about Forward Freight.
If you have any facts to contribute please do - its the reason I started the thread. Its also helpful to read carefully.HD_Renegade, Intothesunset and CorsairFanboy Thank this. -
Under the new tax rules a company driver can no longer deduct per diem to reduce their tax burden so (aside from the possible reduction of social security benefits due to the appearance of a lower earned income) the bigger the "split" of your cpm a company pays as per deim, the better. Bearing in mind that companies are limited to a maximum amount they can "expense" in this way, I think it works out to somewhere in the .10 to .12 cpm range but I'm not sure. For drivers this change has been a good thing because prior to this change there were several carriers that were paying way to large a percentage of their drivers compensation as per diem so as to reduce the company's tax burden, mostly in FICA match. Then those drivers that PROPERLY filed their taxes, and by properly I mean including the per diem form, often found they had greatly underpaid their taxes and had to send the government a check and those that didn't properly file well, if they were ever audited it was really ugly.
Now that the per diem deduction has been disallowed for drivers subject to DOT regs what the carriers are paying (even though many still refer to it as "per diem") is actually considered a reimbursement for uncompensated expenses and doesn't require filing any seperate forms justifying the untaxed incime.PE_T, stuckinthemud, jammer910Z and 2 others Thank this. -
Plus you based your numbers on doing 3,000 miles a week...yet life is what happens while we are busy making other plans.FoolsErrand, Intothesunset, Gambosa and 1 other person Thank this.
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