Everything you need to know about Company Drivers at Transfleet
What is a company driver?
Company drivers in trucking are employed tradespeople who operate company-owned equipment. Loads and required service for the vehicle(s) are scheduled by the company. All expenses for operating and maintaining the vehicle are usually covered by the company, as well.
Difference between an owner operator and company truck driver
A company truck driver is employed by a trucking company, receiving per diem untaxable credit and benefits while operating vehicles owned by the employer. Their responsibilities include adhering to company policies and schedules, often with less control over their routes and hours. In contrast, an owner-operator owns their own truck and runs their own business, giving them the freedom to choose loads, negotiate contracts, and manage their income. While owner-operators can enjoy higher earning potential and autonomy, they also face additional responsibilities such as maintenance costs, insurance, and regulatory compliance. Both roles play crucial parts in the logistics sector, yet they cater to different preferences and professional goals.
Company driver pay
At Transfleet, company drivers earn a percentage of the load after the fuel surcharge* is deducted from the load. We figure our fuel surcharge amount from the (variable) current market rate, which is 17%. Company drivers are paid on a percentage pay scale of 22% to 25% (after fuel surcharge). *See fuel surcharge definition below
Benefits of being a company driver at Transfleet
1) Get paid to see the country!
2) Pet and passenger policies
3) Higher control over your earning potential with % pay
4) Dedicated service department on-site with alternate vehicles
Percentage pay calculator
Every load at Transfleet is paid after fuel surcharge is deducted. For example: A load pays $1,000.00. Fuel surcharge is deducted at 17%, which leaves $830.00 left of the load. Company drivers receive 22%-25% of what’s left, and that takes us to $182.60-$207.50 to the company driver from a $1,000.00 load, before taxes.
What is fuel surcharge and why does it matter to me?
A fuel surcharge is an additional fee that transportation companies apply to cover fluctuations in fuel prices. This surcharge helps carriers manage increased operational costs resulting from rising fuel expenses. It is typically calculated as a percentage of the base transportation rate and can vary based on current market conditions. By implementing a fuel surcharge, companies aim to maintain fair pricing while ensuring the sustainability of their services during volatile fuel price periods.
We educate our drivers on fuel surcharge because of our pay structure. Company drivers see from the beginning to end of the load pay life cycle. It is important to understand that fuel surcharge does not mean our drivers are charged for the fuel bills for each load, but how this additional amount is broken out to maintain profitability.