After graduation from the CDL training program, drivers will pay for the CDL training over the course of a 52 week period (approximately). There will be a deduction of $22.50 per week until a total of $1,200 has been paid. At that point, the driver will have no further obligations.
If a driver leaves before the $1,200 amount is paid in full, the individual will owe $3,000 for the CDL training program minus what has already been paid through payroll deduction. It is very important to dedicate a full year to this company in order to take advantage of the financial savings through their CDL program.
Once a driver is issued a truck, there is a $280 deposit which is payroll deducted at $40 per week for 7 weeks. This deposit is for any recovery fees endured by Central Refrigerated in case the truck is abandoned (never abandon a truck, it's a career killer!). The deposit may also be used if the truck is returned with damage. However, when the truck is returned to Central Refrigerated and isn't damaged, the full amount of the deposit is returned to the driver.
Drivers must purchase company approved security locks which includes a heavy duty padlock and a kingpin lock. The cost for the lock kit is $100.00 which is payroll deducted at $10 per week for 10 weeks. At that time, the locks are fully paid for and the driver owns the locks. If you ever decide to leave Central Refrigerated, they will repurchase the locks at market value, or you may keep them.
Drivers are required to purchase a minimum of 2 load locks (load securing bars) at a one time cost of $40.00. This cost is payroll deducted from one single paycheck. Load locks become the property of the driver, but may be resold back to Central Refrigerated.
During CDL training, there are no costs other than permit fees (about $100) and basic living expenses. Upon graduating from the CDL training program, you will be considered an employee receiving a weekly paycheck. At that time, payroll deductions will take place.
TOTAL DEDUCTIONS: $22.50 per paycheck
TOTAL DEDUCTIONS: $112.50
TOTAL DEDUCTIONS: $72.50 (per paycheck)
TOTAL DEDUCTIONS: $32.50 (per paycheck)
TOTAL DEDUCTIONS: $22.50 (per paycheck)
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