New Student Trucker PAM/DriverSolution

Discussion in 'PAM' started by wrongwaycharlie, Aug 27, 2014.

  1. Graverly

    Graverly Light Load Member

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    Sep 30, 2014
    Richmond VA.
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    Looking forward to hearing more. I to am looking at PAM and so far it has gone well for you. I am concerned about the amount of people with bad things to say but in 47 years I have learned things are what you make them. I do find it hard to believe that you get 300 a week to train and then people say they make less when driving. My career in boating ended when the economy crashed and I'm tired of living check to check at a crappie paying job so I do need the money. For less then 1200 a month i just assume keep my crappie job and have my weekends free. What is this 25 bucks people speak of for truck escrow. Is that standard industry wide. I have so many questions and no one to ask so in desperate need of advice, tips and friends.
     
    Chinatown Thanks this.
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  3. wrongwaycharlie

    wrongwaycharlie Bobtail Member

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    Aug 12, 2014
    Oklahoma City, Oklahoma
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    Pam is not bad I am in day 3 of Orientation and things are doing well. I can say that from what my family has told me a truck escrow is standard across many companies (think of it like a deposit on your new mobile apartment). Without going into detail Most companies will offer you a minimum payment for X amount of months that you first work for the company. Second most companies will offer you an ADVANCE of X amount of $ and charge you a fee for using them for example:

    lets say they offer a $100, a $50, and another $50. that you can pull each week, but they charge you 10 per ADVANCE that you pull.

    So lets say you take all 3, that $200+$30= $230

    lets say you are a SOLO driver making .25 a mile and your average is 2000 miles a week

    So 2000 x .25 = $500.00

    Okay now you made $500.00 in one week before taxes

    Now uncle same wants his 20%

    so $500.00 x .20 = $100

    $500 - $100 = $400 after taxes

    but you took $200 in advances and then was charged a $30 fee

    so $400 - $230 = $170

    but now you still have to take out your 401K - INSURANCE - ESCROW (if you have not maxed it out) and School contract (if you have one)

    lets say say that 401K is 2% so 2% of $500 is $10
    lets say INSURANCE is $25
    ESCROW is $25
    and SCHOOL is $45

    TOTAL 10 + 25 +25 + 45 = $105

    Now we take $170 - $105 = $65.00

    After the ADVANCES + 401k + INSURANCE + ESCROW + SCHOOL PAYMENT+ TAXES your total check = $65 for the week but in all you got $200+ $65 that = $265 NET that you got all week had you not taken the ADVANCES your check would have been $265 + 30 = $295 NET (After 401k + INSURANCE + ESCROW + SCHOOL PAYMENT+ TAXES)

    *NOTE THESE NUMBERS ARE JUST FOR SHOW*******
     
  4. BallC74

    BallC74 Bobtail Member

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    Sep 13, 2014
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    And lesson of the day.....use 3 points of contact getting out of the truck on the range. ;)
     
  5. wrongwaycharlie

    wrongwaycharlie Bobtail Member

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    Aug 12, 2014
    Oklahoma City, Oklahoma
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    Some learned that the hard way!
     
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  6. wrongwaycharlie

    wrongwaycharlie Bobtail Member

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    Aug 12, 2014
    Oklahoma City, Oklahoma
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    Hey everyone just giving an update I am currently in North Little Rock, AR waiting for my Mentor to pick me up today. Then I will be out on the Road for 2 weeks here goes nothing!!
     
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  7. Skydivedavec

    Skydivedavec Medium Load Member

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    Sep 12, 2013
    Mid-Atlantic
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    Now the fun begins! And the application process and where you get to apply all that you've learned. Good luck man and if you find time to post let us know how it's going for ya!
     
    Last edited: Oct 6, 2014
    wrongwaycharlie Thanks this.
  8. wrongwaycharlie

    wrongwaycharlie Bobtail Member

    21
    8
    Aug 12, 2014
    Oklahoma City, Oklahoma
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    With the Trainer on the Truck Sitting in the N. Little Rock Yard waiting on first dispatch, did my 34 hour reset the anticipation on where we will be going is killing me. Its going to be a fun 2 weeks The trainer and I are getting along just fine!
     
  9. Skydivedavec

    Skydivedavec Medium Load Member

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    Sep 12, 2013
    Mid-Atlantic
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    What's his first name, your trainer?
     
  10. spectacle13

    spectacle13 Light Load Member

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    Oct 19, 2013
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    no posts in over a month? did WWC go the wrong way?
     
  11. Skydivedavec

    Skydivedavec Medium Load Member

    640
    534
    Sep 12, 2013
    Mid-Atlantic
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    Don't know. I was looking forward to following his progress.
     
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