Example of Schneider tanker pay

Discussion in 'Tanker, Bulk and Dump Trucking Forum' started by 19d, Apr 6, 2017.

  1. 19d

    19d Road Train Member

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    It's easy, the physical at orientation will be your hardest part.. you gotta lift a milk crate with 50lbs
     
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  3. 19d

    19d Road Train Member

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    Yea 19d cav scout
     
  4. Mortarmaggot

    Mortarmaggot Heavy Load Member

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    Hey brother, the anti rejection med Prednisone may DQ you from driving truck. Don't mean to be a downer, but check with your Doc for other medication options. My father-in-law had his kidney replaced and the anti rejection drugs caused dizziness and drowsiness. He has to be on them for life.

    Best of luck to you.
     
    Raxus Thanks this.
  5. 19d

    19d Road Train Member

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    This Chattanooga TW completely blows.. I don't leave till 5am.. grrrr
     
  6. Lifestyle

    Lifestyle Bobtail Member

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    Hey bro just wondering if u get payed fairly for the long lay overs if so how does it work
     
  7. BigTennOTR

    BigTennOTR Medium Load Member

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    Haha gotta love this job to do this job!
     
  8. Raxus

    Raxus Bobtail Member

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    @19d Easy Peasy!

    @Mortarmaggot Prednisone does not affect me in that way. Had a kidney transplant back in '99 and still qualified as an engineer with BNSF Railroad, so should be np to pass my CDL exam when I get one this time around. Thanks for your concern tho brother!

    Rax
     
  9. Mortarmaggot

    Mortarmaggot Heavy Load Member

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    That's great. Keep after it. Got a buddy doing the RR gig out of KY. He was a young Joe who I groomed into a #### fine young NCO. He got tired of deploying to Iraq and leaving his wife and kid behind with her worrying and the baby growing.
     
  10. Mortarmaggot

    Mortarmaggot Heavy Load Member

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    Not getting the per diem would lower your weekly check. If you average 2,000 miles a week, you would gain the 40 bucks a week, which now goes towards administrative costs. However, you'd now have to take the deduction at the end of the year to recoup the 48 a day per diem. The 63 dollars isn't accurate. OTR drivers are only allowed to deduct 48 bucks per full day away from home if my math is correct. I believe that is due to the sleeper birth. 48x7=336 per week of tax free income to your paycheck each week. That's also why your gross and take home are so close. That number is reduced your first day and last day out, but should be accurate for the full weeks out in the middle. Simply using 290 tax free is a safe estimate per week for planning purposes. So, you'd lose 250 a week now but claim it on taxes at the end of the year. It also lowers your overall tax bracket at the end of the year by those 40 bucks a week. This is a benefit to you to get the money up front. However, don't think Schneider is just being a good company and looking out for you.

    According to Wikipedia, they employ 11,650 company drivers. I doubt they all average those 2,000 per week, but for easier math, I'll use that. It'll come out in the wash when I do the annual.

    11,650 drivers x 40 bucks per week = 466,000 per week that Schneider takes from its drivers for the administration of the per diem program. Let's say folks drive 3 weeks per month. That's 36 week per year. 466,000 x 36 =16,776,000 annually to the company to administer the per diem program. I doubt it costs them 16 million to administer the program. lol. They are skimming a bit off the backs of the drivers, but also doing them a favor by giving them the money early. If they aren't giving the full 48, that'd be figuratively criminal.

    Now, they don't employ that many OTR drivers, so lets say it's half. 5,500x40= 220,000 per week. 220,000 x 36 = 7,920,000 annually for administrative costs. That's still steep, but not as bad.
    I used Google trying to find an accurate OTR driver count for them, but couldn't come up with it.

    I see their per diem as a win/win situation while looking at the numbers for the two sides, driver and company. Oh, forgot to mention I was a tax preparer on the side for a while, and you know us mortar maggots do math.

    Money now is worth more than money later. That's a universal truth. It is a fair enough shake and the company makes a little off it too. Should you find an accurate OTR driver count and their average miles, I'll work the numbers.

    AATW!
     
    Cuban_P Thanks this.
  11. ncdriver1

    ncdriver1 Road Train Member

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    Drop the per diem. They charge you .02/mi for administrative fees, so 100,000 miles a year is $2,000. A good tax accountant will cost you $400 and get you the same deductions.

    Also, you should up the number of exemptions you have which will lower the taxes taken out each paycheck. I did 6 for 2015, sleeper birth/per diem 255 days total and I wound up with a fed refund and only owed the state $20. I never understood why people paid the full tax rate out of each paycheck just to get a refund at the end of the year...why give the government a 0% loan?
     
    joshlilou, slim shady, Raxus and 2 others Thank this.
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