At CloudTrucks we're all about keeping things as transparent as possible, especially when it comes to your finances as deductions.
Now you can see an estimate of how much money you'll take home from any load you book and the estimated amount you stand to profit after certain costs an expenses are taken into consideration.
Please note, these are only estimates and the amount you take home may be higher or lower once the load is completed.
When can I see my estimated take home pay and profit?
You can see your estimated take home pay:
- Before you book a load (if the load price is listed)
- If you submitted an instant bid on a load (learn how here)
- Before the load is completed and payment is issued.
How to view your estimated pay and profit before the load is booked
1. Go to your CT load board and run a search
2. Tap on any load with a listed price and click 'See your estimated pay' at the top of the load details page
3. There you'll see your 'Estimated Pay Breakdown' which will show you:
- The load price: this is the load's listed price
- Fees and deductions you may owe: like your lease-on fee, insurance, trailer, etc.
- Payment: this is your take home pay, the money that will be deposited to your CT Cash balance
4. You'll also see your estimated cost and profit, which will show you:
- Estimated toll costs: along the most optimal route from pick up to delivery
- Estimated fuel costs: our estimate for how much you'll pay assuming you fill up near pick up
- Estimated profit: our estimate for how much money you'll pocket after these expenses are taken into consideration
*Please note these are estimates and may not reflect the final costs you incur on the road.*
How to view your estimated pay and profit on an in-progress job before it is delivered
1. Go to your jobs list and tap on any load labeled 'In Progress' or 'Bid Submitted'
2. Click on 'See your estimated pay' at the top of the load details page
3. There you'll see a more concrete (but still estimated) pay break down, which will show you:
- Load price
- Fees and deductions you may owe
- Pickup Pay (if requested)
- Payment
Which loads can I see my estimated pay and profit on before booking?
We will only show estimated pay before booking a load on loads that come with a listed price.
How come my estimated pay is different than the amount I actually took home?
There are a few reasons why your actual take home pay might be different from what your estimated pay break down showed earlier on. For example, you may have negotiated a higher rate with the broker before booking a load or your deduction % may have fluctuated. Please note, until a load is delivered and payment is issued, all estimated pay breakdowns are estimates and are subject to change.
How can I see my pay break down once I've completed a load?
This article covers how you can see your estimated pay before you book a load and before a load is delivered and payment is issued. To learn how to view your job statement for a load that has been delivered, please read this article: How to see your itemized deductions from each load.
How do you calculate estimated fuel and toll cost?
We use a few different tools to get the most accurate estimates possible.
- PC Miler gets us trip distance and toll costs along the most efficient route from pick up to drop off
- GasBuddy gets us estimated fuel costs near the pick up location
- We assume truck efficiency is around 7 miles per gallon and that you can complete the trip in on a single full tank of gas
Why am I seeing a positive estimated pay but negative estimated profit after costs and expenses?
You might be seeing a negative profit after costs and expenses because you're viewing a load with a low line haul revenue relative to your other expenses. After deductions, your estimated fuel and toll costs might take your estimated profit to below zero according to our estimates. Remember, these are just estimates and may not reflect the actual costs and expenses you incur on the road.
However, if this is the case we have a couple of suggestions:
- Reach out to the broker and see if they would be willing to negotiate a better price
- Use our search filters and sort functionality to find loads that will pay more
- Use your CT Cash card to get fuel discounts to decrease the cost of fuel
- Avoid tolls along your route
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