CPM (Cents Per Mile)
The standard pay rate metric for truck drivers.
Definition
Cents Per Mile is the most common pay structure in trucking. Drivers are paid a set rate for each mile driven as recorded by the truck's odometer or the carrier's dispatched miles (which may differ). Typical CPM rates range from $0.28-$0.40 for new drivers to $0.55-$0.75+ for experienced drivers in specialized equipment. Some carriers use practical miles (shortest route) while others use hub miles (household goods industry standard).
FAQ
What does CPM (Cents Per Mile) mean?
The standard pay rate metric for truck drivers.
Why is CPM (Cents Per Mile) important for truck drivers?
Understanding cpm (cents per mile) is essential for truck drivers because it directly impacts your daily operations, pay, or compliance. Cents Per Mile is the most common pay structure in trucking. Drivers are paid a set rate for each mile driven as recorded by the truck's odometer or the carrier's dispatched miles (which may differ).