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What is the pay?
- 1.53 cents per mile for 1st 100 miles
loaded
- 1.28 cents per mile for all miles
loaded from 101-200
- 1.13 cents per mile for all miles
loaded from 201-300
- 1.03 cents per mile for all miles
loaded from 301-400
- 0.99 cents per mile for all miles
loaded from 401-500
- 0.96 cents per mile for all miles
loaded from 501-600
- 0.93 cents per mile for all miles
loaded from 601-700
- 0.91 cents per mile for all miles
loaded from 701-1000
- 0.90 cents per mile for all miles
loaded from 1001 and up
- 0.90 cents per mile for all empty/deadhead
miles
What kind of equipment
will I be leasing?
It
depends on the company, most likely a freightliner or sentry,
which are some of the best in the industry. These trucks are equipped
with a 500 hp Detroit diesel with 3.58 rear end's, 13 speed
Eton transmissions, sliding fifth wheel, manual
dump valves and full guage package.
What are the trucks
governed at?
Depending on the company
in most cases they are governed from 70 - 75 mph.
What types of Leases
are available?
Who pays for the
fuel?
The
independent contractor is responsible for all tractor fuel charges.
Most companies provide a fuel card that authorizes discounts at
various authorized fuel stops.
Is there a fuel rebate?
Most
companies provide a fuel rebate based on the national average
determined by the Dept. of Energy.
Is there a down payment?
No
! Most companies require a $500 Performance Bond. If you do not
have the total $500 up front the company can deduct $33.33 wkly
for 15 weeks from your pay check. The Performance Bond earns interest
at the 91 day Treasury Bill rate.
Will a person's credit
rating be a major issue?
No. In fact, in many
instances, timely payments can often improve damaged credit.
What happens when
I finish my Lease?
In
most cases you receive a .01 cent per mile Lease completion bonus
paid for all dispatched miles, paid once you complete the Lease.
You will also receive any unused escrow funds and your Performance
Bond. All accounts earn interest that is based on the 91 day Treasury
Bill that is paid quarterly.
Do I receive a drop
and unload pay?
Yes.
Most companies pay Drop pay at $25.00 after the first two stops,
$30 for the 4th stop and $35 for stops 5 and above.
Do I get Health Insurance?
As a service to independent
contractors, most companies offer health insurance through an
independent contractor at a group rate.
What is the cost
of licensing, permits and FHUT?
The
amount various but the average cost is $2,400 annually. This amount
will be deducted at the rate of $62 wkly from your settlement.
You earned an incentive towards your second year licensing, permits
and FHUT. If you run 120,000 miles as a Solo, or 200,000 miles
as a Team, you can earn 0.05 cents per mile (capped at $1,000)
to be used towards your second and third year licensing, permits,
and FHUT.
QUALCOMM
Charge: The
QUALCOMM usage fee is $15.00 weekly. Typically there is no charge
for the unit itself.
No
Forced Dispath:
You are an independent contractor. You are not forced dispatched.
However, if you turn down a load you will not be paid for the
deadhead miles on the next load.
What about maintenance
concerns?
Most
companies will set up a maintenance reserve account whereby they
will deduct .05 cents per mile to go into your general reserve
account. This account caps at $10,000. This account is to be used
for major maintenance that is anything over $499. This account
earns interest, which is based on the 91-day Treasury Bill that
is paid quarterly.
Is there a variable
mileage charge?
Yes.
The variable mileage charge is .03 cents per mile, .01 of which
is refunded upon the completion of the Lease.
Is there a truck
warranty?
Yes. Depending upon
the type of Lease, the year of the truck and other factors, it
varies.
Are there any bonuses
paid?
Yes.
With most companies there is a quarterly safety bonus paid for
Solo drivers at the rate of $.05 cents per mile on all loaded
miles over 32,000 miles in a quarter, capped at $450. Team/Trainer
bonuses are $.05 cents per mile per mile on all miles than run
over 48,000 miles in a quarter, with no cap.
Contact
us today by phone or e-mail
or fill out our easy online CDL
Truck Driver Application. Once we receive your application,
we will contact you within 24 hours to discuss your application
and answer any questions before we proceed further.
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