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Thread: Making 100,000 per year?

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    Anne Marie is offline Rookie
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    Default Making 100,000 per year?

    can you take home 80,000 to 100,000 per year after taxes driving truck? Some of these companies say you can. I want to know what you all think. 8)
    Anne Marie

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    Rawlco is offline Senior Board Member
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    The first year driving a truck a new driver will probably take home $30,000 to $35,000. The second year an ambitious driver may earn up to $50,000.

    $80,000 to $100,000 may be possible for a team. To earn that much each driver will be working at least 70 hours a week.
    (EDIT: These figures are before taxes. This is your gross pay)

    Rule #1: Recruiters for companies LIE.
    Rule #2: If a recruiter seems to be telling the truth, refer to rule #1.

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    Smooth is offline Board Regular
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    If your an o/o you can make 200k a year , just with the expenses taken out it will still probably be well under 100k . There are rare exceptions but you can make 100k a year , my friends dad works for Wayne Dalton Corp and takes garage doors up to Nova Scotia and back to Ohio every week and is home weekends and makes around 105k a year , of course he has 26 years with this same private company . Wal-Mart drivers can make close to 100k , same with Yellow,ABF and UPS drivers . I was in Nashville the otehr day and a guy with 7 years with Yellow showed me his pay stub , he runs very hard , but has made 46k this year , that puts him on pace for around 90k . Other guys with bids make anywhere from 60k to 80k a year . But any common carrier you can't make 100k a year . Let's do the quick math 40cpm at 150,000 miles a year is 60k , and that is running hard .


    Oh yea you said 80k to 100k a year after taxes , noway , nohow . The more you make the more they take .

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    4roses is offline Senior Board Member
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    I agree Rawlco ... the first year will be closer to $30,000. ... and that will depend on how many miles your dispatcher gives you and if your on time with you loads and many other factors. .... Most newbies DON'T start out at 40cents a mile .... closer to 28-32 cents a mile .... your first couple of years will be the time your proving yourself. If your serious about being a truck driver... anything is possible .
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    Default Re: Making 100,000 per year?

    Quote Originally Posted by Anne Marie
    can you take home 80,000 to 100,000 per year after taxes driving truck? Some of these companies say you can. I want to know what you all think. 8)
    Anne Marie

    Not likely, Anne Marie. For you to net that much after taxes you will need to gross $120-140M per year. That is not likely to happen driving a truck. If you are in a niche' area of the business it may be possible, if you own the truck. I have known of drivers who have grossed over $120M/yr before taxes, but those were in niche' markets and are not the norm. Most will be around $40-65M/year with a few years experience. I would be interested in knowing which companies are telling you that you can earn that much money after taxes.

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    Anne Marie is offline Rookie
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    Well two of the companies are Forward Air. They said gross 140,000 to 180,000 and take home 80,000 to 100,000, thats as an owner operator. And Quality Carriers said gross 200,000 take home half as an owner operator. But my husband has driven for 17 years. I dont know, just not sure what to believe.

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    Rawlco is offline Senior Board Member
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    Ooh, as an owner operator that changes the situation a little. GMAN gave good advice on that aspect.

    I seriously doubt that you will clear $100,000 if you only gross $140,000 to $200,000 and taking fuel, truck payment, insurance, maintenance, misc expenses, taxes and such out of that. For leasing to a company like those a better estimate would be 25% to 35% of your gross. If you are really sharp and have good luck you could do better. If you aren't a business person it may be better to stay a company driver.

    A good tool to use is the ooida cost per mile spreadsheet available at:
    http://ooida.com/trucking_tools/CPM/cost_per_mile.htm
    to figure your costs and such. There is a lot of information available on this forum in the Owner Operator section about how to estimate costs.

    Nothing is foolproof to a talented fool.
    --------------------------------------------
    The Road goes ever on and on
    Down from the door where it began.
    Now far ahead the Road has gone,
    And I must follow, if I can,
    Pursuing it with eager feet,
    Until it joins some larger way
    Where many paths and errands meet.
    And whither then? I cannot say.

    -- J R R Tolkien

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    Quote Originally Posted by Anne Marie
    Well two of the companies are Forward Air. They said gross 140,000 to 180,000 and take home 80,000 to 100,000, thats as an owner operator. And Quality Carriers said gross 200,000 take home half as an owner operator. But my husband has driven for 17 years. I dont know, just not sure what to believe.

    Forward Air advertises paying $0.93/ on their website. For your husband to gross $180,000 he would have to run almost 200,000 miles a year. Quality advertises $1.15-2.92. I am sorry to disappoint you, but I seriously doubt if you will clear 50% after expenses and taxes. Fuel expense alone will run $50-60M for every 100M miles driven. Then you have insurance expense, maintenance expense, equipment payments, etc., 8)

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    Highwayman is offline Senior Board Member
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    Default Re: Making 100,000 per year?

    Quote Originally Posted by Anne Marie
    can you take home 80,000 to 100,000 per year after taxes driving truck? Some of these companies say you can. I want to know what you all think. 8)
    Anne Marie
    An owner/operator might gross that much, but net income could be less than that of a company driver.

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    Smooth is offline Board Regular
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    Those morons at Forward Air are full of it , the comapny drivers at Forward Air are with Landair , they advertise in newspapers that they make 70k a year , so full of it , makes me physically ill .

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    GMAN's Avatar
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    Quote Originally Posted by Smooth
    Those morons at Forward Air are full of it , the comapny drivers at Forward Air are with Landair , they advertise in newspapers that they make 70k a year , so full of it , makes me physically ill .

    Both companies are owned by the same guy, or was. From the low pay they offer owner operators, I seriously doubt that they would pay their company drivers that much money. At Landair, they only do oil changes every 50,000 miles. If they cannot or won't do proper maintenance on their equipment, they certainly are not going to be willing or able to pay their drivers that much money.

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    dollarshort is offline Guest Senior Board Member
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    Default $$$$$$

    The only way you would make anywhere close to that kind of money is to be hauling white powder in the trailer. And I'm not talking about flour.

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    Sheepdancer is offline Senior Board Member
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    Most likely it would be pretty tough to make 100 grand a year as a company driver......but it can be done. We have a few of them here.
    Not only do they drive they actively recruit. Like most companies we pay drivers 500 bucks for anyone they recruit. So do the math. Say a driver in ohio is making 44 cpm and getting only our average miles, 2700 a week. .44 x 2700 x 52 weeks is 61 grand a year. If he recruited 1.5 drivers a week (yes it could be done easiely for a go getter) that would mean hiring 78 drivers a year....78 drivers x500 = 39,000.
    39,000 + 61,000= 100,000 a year.
    Now with that said.....Can it be done? Yes.....Is it done? very rarely

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    Is it possible? Yes! Is it common? No!
    And it's absolutly impossible, with the companys you've mentioned! :sad:
    Pessimist,- is just well informed optimist!

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    BIG JEEP on 44's is offline Senior Board Member
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    This kind of reminds me of the movie with jonh candy ( Armed an dangerous) when they are going through new hire orientation , and the Hippe inquires about the pay-scale.....you would have had to see the movie to understand this association , But it fits real nice with what most comanies , and their earning potential promises....

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    I know some o/o in the fuel business grossing 200,000 plus...but that's hauling Ethonal. I, myself, haul fuel and ethonal for a local company, and I'm a company driver making about 52,000. Not bad, considering before I worked for them, I was OTR with JB Hunt....glad those days are over, as short as they were. Talk about imposible. :roll:
    Anyone can learn to drive a truck. Few become truck drivers.

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    driverboy is offline Member
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    Dragging up old threads learning all sorts of info from many in the know, good reading.

    That said I am lucky enough to earn well over a 100K a year as a company driver on a dedicated 5 days a week, under 500 miles round trip per day. Surely some will say that's impossible, most likely the sames names that state the excellent living they are making in the industry but you will not if you attempt it. Regardless I consider myself blessed to have my position and it is not typically what the industry pays people to drive a truck.

    While not the norm, others I know make the same. Our company has not hired in years and with the influx of new drivers willing to work for peanuts the future may not be as bright, time will tell. Our company is still winning bids on lanes however as others dry up so employment levels have been relatively flat for years.

    For the newbies out there reading start turning the wheels to gain some experience and then settle in for more cash once your over the hump!

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    USMC Vet is offline Member
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    I think your stretching the truth a bit driverboy.What are you hauling ?

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    Useless is online now Senior Board Member
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    Default Re: $$$$$$

    Quote Originally Posted by dollarshort
    The only way you would make anywhere close to that kind of money is to be hauling white powder in the trailer. And I'm not talking about flour.
    No, NOT the ONLY way!!! You could make that much money hauling reefers around the country too!!.....ooopps!! diffferent kind of reefer, though!!

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    Quote Originally Posted by driverboy
    Dragging up old threads learning all sorts of info from many in the know, good reading.

    That said I am lucky enough to earn well over a 100K a year as a company driver on a dedicated 5 days a week, under 500 miles round trip per day. Surely some will say that's impossible, most likely the sames names that state the excellent living they are making in the industry but you will not if you attempt it. Regardless I consider myself blessed to have my position and it is not typically what the industry pays people to drive a truck.

    While not the norm, others I know make the same. Our company has not hired in years and with the influx of new drivers willing to work for peanuts the future may not be as bright, time will tell. Our company is still winning bids on lanes however as others dry up so employment levels have been relatively flat for years.

    For the newbies out there reading start turning the wheels to gain some experience and then settle in for more cash once your over the hump!
    Thank you for the laugh!!! I needed it. :lol: :lol: :lol: :lol: :lol:

    I call BU%#&@*T !!

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