For IC driver:
What is your personal net?
Setting aside truck payment, all maintenance and operating cost and any cost involved in the business...how much do you pay yourself? Do you pay for your own medical and dental?
IC yearly net?
Discussion in 'Schneider' started by Little Eddy, Apr 9, 2016.
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Not going to get a specific answer, Eddy. Too vague, too many variables, everybody does it their own way per their own lights. Plus a lot depends on your gross income, how hard you work...variables are many. You'll have to pay your own insurance in most places. Many I/C's pay themselves what's left after fuel, truck maintenance, road expenses, so on. I met an I/C who didn't have a maintenance escrow account ($.10 - $.20/mile most cases) he just paid stuff out of his checking account. I like a maintenance escrow, I use $.15/mile, works pretty good. As for what you can make out of it? Work hard, mind your business, you should be fine.
One last thing, you might start getting better at it after a year or so, but be sure to tell your truck that it's going to keep running.drvrtech77 Thanks this. -
Yes, I understand that there are variables. I am asking IC drivers to give a ballpark number for their personal net.
The question is attempting to compare a company driver (driving for whomever) who does not have the exposure related to running their own business and an IC driving for Schneider. -
I've looked at Schneider but stayed with Conway/XPO. So far. Come on, Eddy, be out front with some facts. How hard do you want to work? How many miles will you run if you don't have to run any more than you want to? How are you with money? Are you a good trip planner? Money manager? Take care of your truck first? Like to eat at fast food places? Check your air pressures, lights, brakes, all that mechanical stuff?
There just isn't a silver bullet available, one answer for so many I/C's, O/O's.
Being independent is worth a lot of time and effort, and it's so much better than driving forced dispatch for some truck company it's hard to describe. But it only works if you're insanely lucky or if you work hard and pay attention to your business. And if you don't wind up with a POS truck! Best!
I'd say, if you're a good enough money manager to have a reasonable down payment with some cash left over (at least one month's worth of expenses) go for it, but really, it all depends on you and your work ethic. -
OMG...
As I stated, I am interested in the comparison between what a company driver makes vs what an IC has as personal income.
If an IC pulls in 70k a year but has the responsibility and debt associated with being an IC then driving for Walmart would be a more profitable avenue; this is about a comparison, not about ME trying to make any kind of decison on becoming an IC. -
Lol. I'd take it as a bad sign if none of the Schneider choice drivers were willing to post any #'s. Maybe seek your answers from a different company if that happens?
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Many of us posted our numbers before.
We all work less than company drivers.
If i wanted to bust my ### and drive 120000 miles a year like a company driver I'd surely clear over $100,000 after expenses.
I don't want to live like that. I like working 2 weeks hard and then taking a week off.
Guys solely running the Northeast earned $80k+ working 2/3s of the year and thats with a big flease payment.
Main thing that gets you is the $40,000 a year in truck payments. Even paying half of that would make a big difference.viper822004 and Starboyjim Thank this. -
I netted 48k last year.
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You took over 100 days off right?Starboyjim Thanks this.
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I worked 217 and drove 86k mi. Look like I'm on the same pace for work this year. I'm taking 2 weeks off in May, 2 weeks in June and 2 weeks in July.
Starboyjim, drvrtech77 and freightwipper Thank this.
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