Companies paying atleast $1700 net a week ?

Yes but you probably ran big miles to get that pay. It's basically the same formula. 36 cpm at about 3500 miles back then is probably like 55 cpm at 2700 miles now.

 

I guess. Real talk, every industry is failing. The problem is that everything is expensive, so it makes trucking pay look like peanuts.

 

Delete

 

I was thinking the exact same thing. If you are running a truck and don’t like the money, then you can’t afford to put an average driver in it and pay him average money and profit what you do when you run the truck. Bad idea.

 

Been dead a while now

 

28 months now and counting longest trucking slow down in trucking history. The average trucking slow down usually only last 8 to 9 months that is average. And we have no relief in sight. I can net 2000 a week easily with the company I’m at the problem is the government Takes about 700 of that every time I do. Then I got my weekly deductions on top of it for health insurance and retirement and all that. If my check is 2000 what usually gets put in my account is usually around 1150 to 1200. Ridiculous.

 

Grossing $2000 per week you should take home at least 75% or $1500.00. Something doesn’t add up. Longest Trucking recession lasted 6 yrs. Roughly from 2006 through 2012. Tonnage dropped year over year.

 

You would need to gross around $2,100 per week to net $1,700. Divide the gross by 60 hours a week equals $35.00 per hour. Same numbers divided by 50 hours a week you would need to make $42.00 per hour. Mileage pay @ 3,000 miles per week is .70 cents a mile. Running linehaul for one of the legacy LTL carriers would be a good starting point, along with Walmart, UPS or a specialized carrier. Next tier would be private fleets like Tyson food, Perdue chicken, DOT foods and grocery store chains.

I would definitely NOT put a driver in your truck - that's a nightmare you do not need right now or ever!

 

Single and no dependents, and a hefty state tax. I did forget I do get a few pennies of per diem so I should’ve added that to my take-home total. I carry both added short term and long-term disability, 401 K which is my money I guess, vision, dental and medical insurance. So if it’s 2000 net, my printed check is usually around $1200. Add maybe 120 to that for per diem that I forgot about. And that’s it.

As for the trucking recession, there were many ups and downs between 2006 and 2012. This one has been a steady straight graph downward.

 

Compliments of the government and their SBA EIDL loans issued to every little guy having FEIN and whatever truck. That's what prolonged the agony. The charge off rate of EIDL SBA accounts is at 37%. Let's not forget that in 2019 and first months of 2020 before lock downs, we were in the middle of the low rate cycle. Yellow should have died at the time too.