HOW MUCH DO TRUCK DRIVERS MAKE DECEMBER 2022 – EARNINGS & SALARY
ALL YOU NEED TO KNOW ABOUT TANKER ENDORSEMENT
Have you ever wondered how much money you would make working an OTR truck driving job? This profession has been growing exponentially every year, and more and more people are opting for it due to the various flexible options it entails. As a truck driver recruiting agency we have a great insight into what rewards could one reap working as a truck driver. So let’s see what salary do truck drivers make. Updated in December 2022.
Let’s take a look at the numbers overall.
How Much Exactly Does a CDL Class A Truck Driver Make?
Over The Road or OTR Drivers usually make money through a Cent Per Mile model – so for example, if you drive the truck for 3000 miles in a week and get 75 cents per mile, that would approximately make your salary $2,250 per week. This is solid money, considering how CPM rates have been lower in the past.
Nonetheless, there is a little more technicality to it; for instance, experienced Class A CDL drivers earn more than fresh out of school drivers. To get to that 75 CPM bracket you’d have to have at least 2 years of OTR experience. Drivers who are just starting their career fresh out of school might be offered as little as 40 cents per mile for the first few months. Then gradually move to 50 CPM and so on. Similarly, it also depends on the industry a truck driver is working for – a driver working for an aeronautical sector will likely get paid more than one working with general dry van freight.
Other Impacts on How Much Money Truck Drivers Make Include
Type of trailer you pull – Dry van and reefer are usually on par in terms of salary, tho in most instances reefer will be paid 0.05 cents per mile more than a dry van. However, flatbed and tanker drivers will of course earn more money ie. Flatbed driver can make 85-90 cents per mile in the climate where dry van driver makes 65 cents per mile.
Endorsements you have – Having endorsements on your CDL will improve your salary potential anywhere from 0.05 CPM to 0.20 CPM. If you want to learn more about endorsements here are a couple of links: TANKER endorsement, HAZMAT endorsement.
Area you live in – truck drivers from the west coast will usually have a tougher time finding high CPM jobs because of the fact that the company will make less money when he goes on home time and gets back on the road due to the west coast not having high paying loads.
Additionally, drivers who have to bear harsher conditions are paid higher than drivers working on convenient and hassle-free routes.
Cent Per Mile Rates [DECEMBER 2022]
There is no limitation to the cent per mile rates – we keept witnessing an increment year on year; the CPM rate for Dry Van Trailers from January to March 2020 was 60, then it increased to 65 in April till June, and sat at 70 CPM till the end o 2021. In December of 2022 average CPM for dry van is 65 cents per mile.
In comparison, for reefer trailers, the CPM rates are slightly higher. It was 65 cents from January to March, then it got bumped to 70 CPM in April, and it remained as so till June, and has now been increased to 75 CPM. Reefer in December 2022 stands at 70 CPM
Let’s give you a statistical perspective ranging from 2500 miles to 3500 miles for both dry van drivers and reefer trailer drivers.
If you start working as a dry van driver and bring in 2500 miles at 65 cents, which is the current allotted rate, you will earn $1,625 in a week. In comparison, if you pull reefer and run 3500 miles at 70 cents, you will make approximately $2,625 per week.
THE BOTTOM LINE!
CDL Class A Truck Drivers can earn a decent living working this tough job, whether by working for private fleets or significant sectors, and truck driver recruiting agencies like Employal ensure that they provide solid staffing solutions to the people they have on board. The CPM system implemented works in favor of these truck drivers who, on average, weigh in $70,000 to $80,000 per year.
