Press Release — MILAN Supply Chain Solutions, Inc. is pleased to announce a substantial pay increase for our regional over the road drivers, local drivers and our independent contractors.
Effective February 3rd, an experienced company driver will be paid $0.44 to $0.53 per mile, resulting with annual earnings of $66,560 to $78,260 based on 2,500 miles per week. Our company teams will make $0.534 to $0.564, with annual earnings of $148,200 to $156,000 for 5,000 miles per week. In addition to our base pay per mile, we also offer up to $ 0.04 per mile in incentive bonus for safety, fuel efficiency and productivity attainment.
MILAN continues to provide outstanding benefits for all company employees, including low cost healthcare and 401K. For the 4th year in a row, we have not increased employee premiums for medical and dental insurance and we continue to offer 100% 401(k) match on the first 3%! We listen to our driver community and this year MILAN added voluntary life insurance and voluntary short term disability to our employee options.
MILAN also increased the pay for independent contractors, both owner operators and lease purchase. Our owner operators now make $1.11 per mile with FSC on loaded miles, realizing annual earnings of $183,300 for 2,500 miles per week. Lease purchase operators make $1.08 per mile with FSC on loaded miles for 2,500 miles per week, grossing $180,000. We have very attractive lease purchase options for our business partners that include maintenance and low weekly payments.
MILAN continues to see unsurpassed customer demand in 2019 and want to reward our current drivers for their hard work and sacrifice as well as create increased capacity for our customer.