60+ CPM THE NEW STANDARD?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by dogtrucker, Jul 19, 2019.

  1. Last Time Around

    Last Time Around Medium Load Member

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    Yes it Has.... Those two dimes are worth $2.45 as of Today
    ==================================================

    Silver Coin Melt Value Calculation
    Submitted on August 9, 2019.

    [​IMG]
    Values Entered:

    Quantity: lvetica" size="2" color="#000000">2
    Coin Type: 1946-1964 Roosevelt Silver Dime
    Silver Price: $16.95 / troy ounce


    Answer:

    Total silver value is $2.45.
     
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  3. dogtrucker

    dogtrucker Road Train Member

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    It seems to me that wages in trucking have risen at roughly 4 to 5 times the rate of inflation.

    Inflation for last 6 years is a total of about 8%
    Wages for rookies in the same period is up about 42%
    For experienced non specialized, at least 30%

    Those wage increases are, admittedly, only my own estimate based on observation of very many companies then and now.
    For instance, I observed most companies were paying rookies only about 35,000 first year whereas now many companies promise well over 50,000 the first year.

    Moreover, these estimates do not even include benefits which also seem better than 6 years ago - I see a lot more 401k matching and I now see companies offering to match, at hire, your vacation time based on previous employer or to offer as much as 4 weeks paid vacation within the first year (that was either Marten or Celedon - maybe both?)

    We should bear in mind that the sharp rise in insurance premiums was the result of Obama Care, not inflation.
     
    Last edited: Aug 10, 2019
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  4. dogtrucker

    dogtrucker Road Train Member

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    We have more things and better things than in our grand parents day. We have better medical, a lot more access to air travel, and the incalculably valuable access to information, education and entertainment.

    All of these are forms of wealth - true riches - that tend to get left out the inflation calculation. We also have a lot more options and opportunities to create wealth.
     
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  5. dogtrucker

    dogtrucker Road Train Member

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    Bar Nun has no cost medical
    Experior is a bit expensive, 80/150 per week - when I spoke with them 6 months ago
    Roehl, about the same
    Van Eerden is low cost, 30/week last I looked - I forget family.
     
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  6. PE_T

    PE_T Road Train Member

    I’m going to guess it had to do with compensating for the Great Recession (2007-2009), where the cpm probably didn’t rise much for years during and after the recession as trucking companies were going out of business left and right, and there was no need to raise the cpm. Many drivers just wanted a job and not become another driver losing their job to massive layoffs nationwide.

    Then there is the recent changes to HOS rules and especially the ELD requirement that likely caused a spike on freight rates as the same amount of loads could no longer be hauled by the same amount of drivers.

    Finally, we have the recent change on per diem where company drivers could no longer use it. Companies either increased their cpm or added it separately to the cpm, so drivers’ income wouldn’t lower.
     
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  7. Gambosa

    Gambosa Light Load Member

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    That’s intriguing. Thank you for that info :)
     
  8. LateNightCable

    LateNightCable Light Load Member

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    We definitely have more things to spend our money on today, diversions if you will, maybe not better. Medicine has advanced, but is generally exorbitant, so the less one has to deal with that the better. Air travel is most definitely cheaper and more accessible than ever before.

    Access to education is a bit of a gray area, as we have the internet - a world of information literally at our fingertips. Yet four year college is more costly and than at any other time after World War II, and probably not as useful.

    Basically all the incalculable things get left out of the inflation calculation because as you say, they are mostly incalculable. But housing, food, basic items purchased regularly by most people, these are the costs of living, and are easier to place a comparative value to in regards to monetary value and quality of life at various points in time.
     
  9. MGE Dawn

    MGE Dawn Road Train Member

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    Isn't Celadon 6 feet under, though? o_O
     
  10. Last Time Around

    Last Time Around Medium Load Member

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    The case for the $100,000 a year trucker

    From 2016 I think this was.... It covers 1975
    I recall in mid 1978, learning that my father was at $40,000 a year as a Truck Driver, and rarely was he gone
    for weeks on end, or days. He drove long haul, but it was more linehaul type. After 1980 or 81....his pay never went up, and he started hating driving
    This was a bad economy in 78 , interest rates were about 17% that year +/-..... I vaguely recall that because my parents bought a house in Fall of that year, a new built house.
    Imagine 17% interest today? How many homes would sell???? Or Cars? Or who would be tossing plastic around?

    When I bought my first house in 1990, interest was around 10.25%.... and that was with 20% down.... house was a post WW2 built bungalow.....$47000
     
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  11. scott180

    scott180 Road Train Member

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    So in 1978 your dad made enough that he could buy your 1990 house in two years. A driver today would need to make about $150,000 a year or more to do the same.
     
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