How much would a one cpm raise cost yearly?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by burnedoutnewbie, Sep 9, 2007.

  1. burnedoutnewbie

    burnedoutnewbie Bobtail Member

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    Aug 1, 2007
    San Diego, CA
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    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.
     
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  3. perry_411

    perry_411 Light Load Member

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    6
    Mar 30, 2007
    0
    I believe you on your numbers, they have to be legal, but how does JB Hunt not offer drastically better wages, benefits, and miles to crush every company that isn't a moving company?[North American, Allied, etc]
     
  4. burnedoutnewbie

    burnedoutnewbie Bobtail Member

    16
    18
    Aug 1, 2007
    San Diego, CA
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    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 :laughing7: through profit sharing.

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

    Hammster Bobtail Member

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    0
    Sep 9, 2007
    New Haven, MO
    0
    The real fact of the matter is that trucking companies, like any other company, are in business to make money, not to give us jobs. We have jobs, and we agree to the wages/salaries prior to starting. Nobody makes us join the companies we work for.

    So while I agree that it would be nice to make more money, it is really up to the companies to decide what to pay us. If they decide that they cannot keep drivers based on what they pay, then they will raise their rates, or lose trucks. But if there is nothing beneficial for the company, there is no reason for them to raise rates. It is simple business practice.
     
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