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Potential CDL Independent Contractor Team
Weekly Truck Lease Income

 

Below figures are only projections; actual income will vary based on individual performance. Projections do not include quarterly income taxes or health insurance.

Weekly Mileage 5,000
Annual Mileage 260,000
REVENUES
Base @ $0.87   $4350.00 weekly
Safety Bonus of $1,500 per quarter

$115.00 weekly

Performance based bonus of $1,600* $30.77 weekly
Total Revenue $4395.77 weekly
EXPENSES
Truck Payment (26)   $614.00 weekly
Fuel @6.3 paid mpg Fuel Cap of $1.25**   $992.06 weekly
Maintenance @ $0.05 mile ***   $250.00 weekly
Variable Mileage Payment @ $ 0.03 mile****   $150.00 weekly
Insurance   $138.04 weekly
License /Permits / FHUT   $56.26 weekly
Qualcomm   $15.00 weekly
Admin. Fees   $8.46 weekly
Fuel/Road Tax @ 0.015 per mile *****   $75.00 weekly
Workers Compensation   $80.77 weekly
Total $2379.59 weekly

Weekly Income
Annual Income

 

$2116.18 weekly
$110,041.18 annually

 

* The $1600 performance based bonus is paid over four 28 day periods @ $400 per period. To be eligible, a mileage threshold of 18,000 must be met per period.

** Independent Contractors pay for their own fuel with a company fuel card and never pay more than $1.25 with the Fuel Cap program.

*** This includes money going into the maintenance reserve. 5 centers per mile enter the maintenance reserve until it caps at $10,000-it is used to pay for maintenance charges over $500. Unused reserve is refunded upon completion.

**** 1 cents per mile of the variable mileage payment is refunded as a completion incentive at lease end.

***** 1.5 cents per mile for all dispatched miles will be collected for fuel/road tax payments.

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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