PS. I think you are not considering the mileage based performance bonuses that company drivers receive in your calculations.
Prime and Wilson are very similar since Wilson hauls Prime freight.
My base CPM is currently 57 CPM (52 CPM if in a condo). I’m 2 CPM higher than starting rate of 50 CPM after 2 years based upon rate increases for cumulative miles.
Weekly mileage based bonuses include fuel cost savings (largest bonus, mine ranges from 3-5 CPM), Service & Safety bonuses, health bonus, northeast region load origination bonus (I don’t get this very often).
There are other ancillary payments for stuff like detention time at customers, multi-stop pay, hazmat pay, shop downtime pay, layover pay, etc.
This week I got a $150 detention time payment. I’d rather have the miles!
So, my weekly performance bonuses + ancillary pay combine for about 6-8 CPM on top of my base CPM.
Hope this helps
Explosive, flammable, poisonous or otherwise potentially dangerous cargo. Large amounts of especially hazardous cargo are required to be placarded under HAZMAT regulations
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
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Don’t believe the Recruiter hype. They get paid by getting new people in the door.
I’m a company Reefer driver for Prime for 2+ years. I run solo in a Lightweight Cascadia (1 person truck). I get a 5 CPM premium over the full-size condo drivers, my threshold for mileage based bonuses is lower than for the Condo and I get paid vacation every 85k paid miles completed rather than every 125k miles for the Condo.
I obviously don’t train in a 1 person truck.
I grossed $74k for 2023 on ~112k paid miles.
Freight started to slow down from April 2023. It is really slowing down this year, and especially in September.
I averaged 2,498 paid miles per driving week over 2023 (home time not included).
I’ve averaged 2,281 miles per driving week this year to date. However, for September I’m at 2,105 miles per week. Have been doing a lot of sitting parked this month. Doing it again right now, dang it!
I might gross $70k for 2024, but could be less with slower freight. I had a lot of shop DT in first quarter that I can’t make-up.
My average weekly CPM with bonuses was 63 to 65. It is coming down some due to less miles.
If I was in a Condo I would be making less because my CPM would be lower.
My Fleet Manager pushes every week for drivers to start teaming or training. Claiming that we will make the “life changing extra money” of $30k+ (so $100k+ annual). I’m not convinced it’s accurate unless you trained or teamed all the time. I also don’t want to team.
Prime makes more revenue and a higher “Return On Capital Employed” or ROCE on team trucks. So it makes sense. They can sell expedited freight delivery to potential customers (important for California produce loads going east).
I’ve heard that new drivers coming on board with Prime now will not be allowed to upgrade after TNT training to a Company solo truck. Will have to team or lease. I’m sure Kearsey will correct me if I put out “misinformation”.
Fleet Manager:
Dispatcher, Fleet Manager, Driver Manager
The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.CPM:
Cents Per Mile
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
Reefer:
A refrigerated trailer.
OWI:
Operating While Intoxicated
TNT:
Trainer-N-Trainee
Prime Inc has their own CDL training program and it's divided into two phases - PSD and TNT.
The PSD (Prime Student Driver) phase is where you'll get your permit and then go on the road for 10,000 miles with a trainer. When you come back you'll get your CDL license and enter the TNT phase.
The TNT phase is the second phase of training where you'll go on the road with an experienced driver for 30,000 miles of team driving. You'll receive 14¢ per mile ($700 per week guaranteed) during this phase. Once you're finished with TNT training you will be assigned a truck to run solo.