The average FedEx driver salary depends on the position of the driver. The salary will obviously be different than what you would expect for a delivery driver or a long haul driver.
We’re going to take a look at the different salary ranges for a variety of positions within FedEx to answer the question: how much does FedEx pay compared to other companies?
Before we jump into the pay section, it’s important to have a thorough understanding of the benefits to working for FedEx. As an employee, you will be able to take advantage of several industry-leading benefit packages, including:
- 401(k) – At one time, the company did match your contribution, but they suspended the match due to the company facing hardship. This will depend on where you are located within the company, and the contribution may already be active once again. The 401(k) is set up through Vanguard investments, and even part-time employees qualify after working with the company for one year. The company may match contributions up to 6%, and a pension plan is offered by the company itself.
- Employee discount – Employees will receive discounts for shipping rates, phone service and many stores.
- Life insurance – All drivers will be enrolled in a life insurance plan at the company.
- Early benefits – Benefits start to kick in after just three months of employment with FedEx.
- Healthcare – You will be able to receive health care, dental and vision benefits through the company.
- Stock options – The company offers great stock options to employees, and this is a smart choice as an investment.
- Vacation – If you work for the company for one year, you will receive two weeks of vacation time. Anyone that works at the company for five years will receive three weeks of vacation. Working 10 years at the company allows you to receive four weeks of vacation time, and if you’re with the company for 20 years, you will receive five weeks of vacation per year.
- Tuition assistance – The company offers tuition assistance up to $2,500 per year.
FedEx Salary Guide
Driving for FedEx requires you to have a CDL license as well as a clean driving record. All drivers for the company will have ample time at home as well as the great benefits discussed above.
Let’s take a look at the salaries for different positions in the company.
FedEx Delivery Driver Salary
A typical delivery driver earns approximately $21-$27 per hour.
These drivers earn an average pay of $24 per hour, or $48,000 per year.
You’ll also find that there are cash bonuses up to $5,600 a year as well as stock bonuses when working as a delivery driver. City drivers earn about $23.56 an hour, according to Glassdoor.com.
FedEx does not divulge their rates on their website, and you will need to talk to your local FedEx office to determine how much they pay in your city.
Typically, people that work in highly populated cities, such as Knoxville or New York, will earn a much higher salary due to the rigorous driving conditions.
FedEx Driver Salary (Long Haul)
Long-haul drivers for FedEx will work for the company’s tractor trailer division.
This position is considered a ground position, and drivers are given guaranteed mileage per week. This position, according to company employees, is meant for only owner-operators, but I cannot verify or deny this claim because the company’s website gives rather sparse information about the careers available.
The information provided by employees states that FedEx guarantees drivers at least 2,400 miles per week. But the rate per mile ($.93 in 2011) is definitely on the low-end in the field.
We did a lot of digging, and came up with a wide range of pay per mile:
- .93 cents
PayScale states that these employees earn an hourly rate of $17 – $28.61, with a total salary of $39,934 and $71,300.
We have concluded that the low-end figure could not be expected of a long haul driver, especially if the driver owns his or her own vehicle.
The eligibility requirements for this position are as follows:
- No record of preventable accidents
- No records or citations in the last year
- In the last three years, you may not have:
- More than three moving violations
- More than one preventable accident
- Reckless, aggressive or careless driving
- Driving a vehicle that was found to have drugs or alcohol
- Violating out of service order issues
- Transporting unauthorized passengers
- In the last five years, you may not have:
- Any alcohol- or drug-related issues that pertains to driving
- Failures to submit drug tests
- Failures to stop at the scene of an accident
- Failures to yield to school buses
You must have an unrestricted class A CDL license. Experience of six months or more in tractor-trailer commercial driving is required. A criminal background check will be conducted on all drivers, and you may not have had a felony in the previous seven years, a DUI in the last five years, or a misdemeanor in the last three years to be employed with FedEx.
FedEx Freight Jobs
If you’re looking for a FedEx Freight Career, you’ll be surprised to know that these drivers make an average base pay of $24 per hour, and total compensation of between $41,000 and $71,000 a year, with an average pay of $48,000 annually.
Cash bonuses are provided to employees, with the minimum being $200 and the highest being $23,000. Stock bonuses are offered, but the little information provided shows that $10 worth of stock was given.
This information pertains to freight city drivers.
FedEx LTL Driver Pay
How much does FedEx pay LTL drivers?
The average salary, according to Glassdoor.com, indicates that drivers in this division of FedEx earn between $72,000 and $79,000 per year, with a base salary totaling $75,770 per year.
This information is based off of one user’s input, so it is very difficult to verify.
If FedEx does pay their LTL drivers this amount, this would indicate that FedEx pays their LTL drivers 4% more than the national average.
Working for FedEx
Many drivers seem to love working for FedEx, and the company does provide more than enough mileage for long-haul drivers. If the company does pay a low rate of $.93 per mile for an owner operator, this would be on the low-end, according to other truck drivers.
Prior to 2015, the company did offer matching for 401(k) benefits up to 6%, but recent reports indicate that the company no longer matches these benefits due to company hardships. This can change at any moment, and it is uncertain if this only affected certain divisions of the company.
FedEx has many great career opportunities for drivers, and you will have more than enough home time available. Long-haul drivers will need to own their own truck, while drivers in other divisions will utilize trucks within FedEx’s lineup. Medical benefits are very affordable, according to current employees, and the deductible for most plans is just $2,000.
FedEx is one of the leading carriers in the United States, and the company operates in the entire United States.
The company also has 300,000 employees, as estimated in 2012, with total revenues for 2015 reaching $47.45 billion and profits of $4.6 billion. The company currently owns several divisions, including: FedEx Express, FedEx Ground, FedEx Same Day City and FedEx Freight.