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If you’re thinking about breaking into the trucking industry for the very first time, one question that is undoubtedly top of mind: How much do truckers make per mile?
According to recently released Indeed.com data, the average yearly salary for truck drivers in the United States is $78,029. But whether you meet or surpass this level depends on a number of variables, many of which are under your control. Your capacity to accept specialized or specialist hauling duties, your licenses and endorsements, and the specifics of your driving position all have a significant impact on the amount of money you will make each year.
New truck drivers typically earn less than experienced ones. Beginners, with less than a year's experience, make around $18 per hour. This lower pay primarily covers training, as most drivers need to attend truck driving school before legally hitting the road. During training, schools often pay a fixed $18 per hour as their sole income source.
Once you complete training and obtain full licensing, your earnings as an owner-operator depend on your specific job duties. Experience and relevant certifications can boost your income. Consider mileage-based pay for higher annual earnings when starting your trucking career.
When considering your potential earnings as a truck driver, it's essential to factor in various elements of compensation. One crucial aspect is breakdown pay for truck drivers. If your truck experiences mechanical issues or other problems while on the road, you may be entitled to breakdown pay. This can help offset the financial impact of unexpected downtime.
In addition to breakdown pay, truck drivers can earn money through various means such as base pay, specialized pay, and bonuses. These factors, including the average per mile pay for truck drivers, contribute to your overall truck driver weekly pay and annual income.
When exploring trucking opportunities, look beyond starting pay. Consider all aspects of driver compensation, including breakdown pay and incentives, for a comprehensive income picture.
Your actual earnings depend on your chosen profession and whether you start your own business after training and licensing. Experience greatly influences a truck driver's salary, and obtaining certifications can lead to significant earnings growth. To boost your income, consider jobs with mileage-based compensation structures, especially as a beginner.
Drivers get paid, but how they get paid can vary significantly based on their experience and the type of job they take. There might not seem to be much of a difference in truck driver compensation between smaller and larger organizations at first glance. However, this apparent similarity in pay should not be allowed to obscure the significance of other considerations when choosing the best organization for your requirements.
Smaller businesses typically have fewer resources for driver benefits. They may prefer drivers to be independent contractors, shifting the tax burden to them. However, growing smaller businesses might invest more in driver development, offering opportunities to connect with industry leaders and boost personal growth.
Trucking money is a topic that depends on various factors, and choosing between small and large companies is just one of them.
On the other hand, bigger transportation companies typically have more money to spend at their discretion. Drivers may occasionally benefit from these additional resources, albeit it depends totally on the corporate culture of each organization.
Average per mile pay for truck drivers can fluctuate depending on the company's policies. Regardless of size, every trucking firm has distinctive operating procedures. In a same vein, every trucker has unique objectives and values. Before choosing to evaluate or rule out particular firms, it is essential to undertake in-depth research and prioritize what matters to you the most.
OTR (Over The Road) trucking is the most conventional form of truck driving. OTR drivers usually operate alone or in a two-person team to trek long distances on the road. These long hauls can often keep OTR drivers on the road for up to four weeks at a time. In order to become an OTR trucker, you will need to earn either a Class A, B, or C CDL license depending on the specific equipment you end up operating. OTR trucker salaries are usually based on some combination of mileage (truck driver mileage rate) and bonuses. OTR drivers that pick up a HAZMAT endorsement along the way stand to benefit from a further uptick in pay (prime inc trucking salary).
On the surface, the average OTR truck driver salary amounts to roughly $57,000. The average pay per mile for over-the-road truck drivers in their first year is between $0.44 and $0.55, which totals to a range of anywhere from $865 to $1,081 per week.
Does truck drivers make good money? Although OTR drivers usually primarily operate in the continental US, they may cross into Canada or Mexico. Although over-the-road (OTR) truck drivers have the opportunity to make a respectable living, it is still crucial to constantly account for the costs that reduce your take-home pay. First and foremost, OTR drivers need to be aware of the legally required hours-of-service laws, which put restrictions on how much driving is allowed each day or each week. Delays (also known as detentions in the trucking business), bad weather, and poor road maintenance are other variables that can have a substantial influence on OTR remuneration.
One of the best ways to earn a significant bump in annual pay as a truck driver (salary owner operator truck driver) is to become an owner-operator. In fact, the average U.S. owner-operator truck driver salary makes nearly $295,000 in annual salary — a significant bump compared to the around $57,000 earned by OTR drivers. But beware — there are some catches to consider. That’s because owner-operators’ salaries are entirely dependent on their net revenue (how much yearly revenue they bring in minus their yearly expenses), meaning that number can fluctuate significantly from one owner-operator to another and even from one year to another.
Owner-operators run their independent businesses, incurring various costs like vehicle expenses, insurance, fuel, maintenance, and taxes. They must also find and retain clients, which involves customer acquisition costs and pricing decisions.
Experienced owner-operators use strategies to boost income but need to be aware that higher earnings can mean higher taxes. The key takeaway is that you're responsible for starting and maintaining your business, and its success depends on your sales skills, determination, and operational conditions.
In theory, any trucking job requires a CDL (commercial driver's license), but some businesses may hire drivers with standard licenses. If an accident occurs, the DOT would investigate, and if you should have had a CDL, there could be serious consequences.
CDL and non-CDL drivers earn different pay, with CDL drivers making more, especially early in their careers. Getting a CDL early is a smart move if you're considering a trucking career.
Getting a CDL is simple – complete truck driving school, often without upfront tuition. With your CDL, you can pursue higher-paying, legal trucking jobs.
The decisions you make may frequently determine how successful you are as a trucker and how long you stay in the business. It is crucial to provide yourself with the tools required to maintain success once you have set your goals and chosen the best course of action.
At LAX Freight, we are here to support you by providing all the tools you need, whether you're just starting or expanding your business. LAX Freight has a large freight network in the US, ensuring that when you choose to work with us, you'll gain access to the most high-quality loads in the industry, including those offered by Landstar carriers.
LAX Freight simplifies the process of collaborating with the industry's best and most reliable business partners. Our commitment is unwavering when it comes to providing you with the necessary tools to secure the most profitable loads and negotiate competitive rates. Over the years, we've assisted numerous new truck drivers in entering the industry, and with our extensive network, marketplace, tools, and proven expertise, we have what it takes to help you launch a successful trucking career of your own!