What is the Average CPM for Truck Drivers?
The average CPM (cost per mile) for truck drivers depends on the drivers’ experience, the region they work in, and the company they work for. On average, trucking companies pay between $0.28 and $0.40 cents per mile according to the U.S Bureau of Labor Statistics.
Pros & Cons of being paid per mile:
Pay per mile is the most common way that truck drivers are paid because it is the easiest to track. In addition to being the easiest to track, being paid per mile typically averages out to a decent hourly wage, and many companies offer incentives and bonuses for top mileage producers.
The downside of being paid per mile is that traffic delays, as well as driving on city streets at a slower pace can impede the number of miles that a driver can complete. Another con comes from inclement weather which can cause slower travel, and sometimes cause breakdowns.
Weighing out the pros and cons of being paid per mile as a truck driver shows that there are more positives than negatives. Drivers being paid per mile do tend to make more than hourly or salary-paid drivers. The ability to earn more per year as a paid per mile driver is often what keeps truck drivers in the driver’s seat.
How much does a truck driver make a week?
Average truck driver pay per mile is between 28 and 40 cents per mile. Most drivers complete between 2,000 and 3,000 miles per week. That translates into average weekly pay ranging from $560 to $1,200. The average CPM salary in the USA is $72,300 per year or $37.08 per hour.
What can influence CPM?
• The experience a truck driver has, typically new truck drivers will have a lower pay compared to more experienced drivers.
• The type of freight, heavy haul, and hazardous materials attract higher pay when compared to the dry van and local truckers.
• The location or your state of residence, different states in the US have different pay rates for truckers.
• Training, certificates, and qualifications, having the required certificates like the commercial driver’s license (CDL) will put you in a better pay position.
• Type of company that employs you, smaller companies tend to have limited resources, so their pay may be lower compared to larger companies.
• Base pay is another factor that affects drivers’ pay whether it be hourly, pay per mile, monthly salary, or pay per load.
Want to learn more about how other truck drivers are paid?
[form id="8639" /]