Drive a tractortrailer combination or a truck with a capacity of at least 26,000 pounds gross vehicle weight gvw. Cost of operation spreadsheet tools ooida foundation. What is the average mileage rate for a owner operator. This example used total annual figures to calculate your operating trucking cost per mile. Based on recent job postings on ziprecruiter, the truck driver job market in both and the surrounding area is very active. Getting paid by the mile is the way of the road for most truck drivers in the us. Freight rates for truck loads paid per mile fluctuate daily. Freight rates are expected to remain strong for the next. May 30, 2018 chad boblettowner and driver of boblett brothers trucking.
Walmart needs hundreds of truck drivers and will pay them. While the average owneroperator made more money per mile last year, the same drivers. Long distance truck driver owner operator trucking where. Drivers that are just starting out can expect to see starting wages. Comparing permile rates with perhour wages data from the us bureau of labor statistics indicates that most companies pay between 28 and 40 cents per mile. Loadtotruck ratios are strongest in the middle of the country and southeast. The 680mile trip will take about 11 hours 680 60 11. Most drivers complete between 2,000 and 3,000 miles per week. Unlike other careers with a set salary, truck drivers are usually paid a rate per mile they travel, not for how long they work. However, now you need to find a load to pull back to your original point of departure. This means for an experienced independent truck driver traveling an average of 70 miles an hour on the interstate can make an average of 42 dollars an hour. The real cost of trucking per mile operating cost of a. In order to maximize your earnings, youll benefit from hauling loads with the best freight rate as often as possible. It helps identify spending patterns and areas where you can cut back.
Truck drivers are usually paid a rate per mile they travel, not for how long they work. Multiply the truck driver s hourly rate by the length of time needed to complete the trip. The most fundamental cost for any trucking company is the cost of the truck, trailer and the. The report breaks down the cost per mile in five regions of the country. Aug 22, 2017 in order to maximize your earnings, youll benefit from hauling loads with the best freight rate as often as possible. Typically, the best freight rate is for flatbed loads but this is not necessarily always the case. You can also calculate an annual average cost per mile. There are additional expenses that are harder to quantify on a per mile basis, such as the expense of finding loads, either by paying commission or salary to a dispatcher, or using freight matching services. What is the average cost per mile for a dump truck answers. Hourly rate of pay for truck drivers, by canadian province. Their earnings are structured around a mileage rate with some jobs paying extra. The lowstress way to find your next cdl a truck driver up to 60 cents per mile job opportunity is on simplyhired. To calculate the cost per mile, divide the cost by the number of miles you drove that month.
How to calculate cost per mile for your trucking company. The cost per mile for a garbage truck varies somewhat with the price of diesel fuel and the age and condition of the truck. However, use the formula the same way if you wish to determine the costing for. That rate varies depending on the years of experience the driver has, the region where they drive and the company they drive for. Current freight rates april 2020 tci business capital.
All fees, rates, schedules and routes are issues between the shipper and. Comparing per mile rates with per hour wages data from the us bureau of labor statistics indicates that most companies pay between 28 and 40 cents per mile. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Oct 04, 2018 the report breaks down the cost per mile in five regions of the country. All fees, rates, schedules and routes are issues between the shipper and carrier. So what is the average going rate that could be charged to a venue by a owner operator that has his own.
Add each cost per mile amount together, then divide by the total number of trucks to get average cost per mile for trucking. How much does a truck driver make in united states. I was playing around with the cost it takes to run a truck at 5. Next 18 months are a great time to be a trucker american. The average truck driver is expected to travel between 2,000 and 3,000 miles per week, based on the 70 hour maximum hour restriction over eight days.
Get the average pay per mile divide the pay by the total number of miles average the pay per mile of the 10 loads. Here is the total cost per mile for the fictional chucks trucks in the month of august. New cdl a truck driver up to 60 cents per mile careers are added daily on. Most drivers will get between 2,000 and 3,000 miles per week. Finding actual pay per mile and average miles a week for a solo has been difficult. Knowing your trucking companys cost per mile benefits you in many ways. Most overtheroad otr longhaul truck drivers will get paid by the mile. If you have more than one truck, consider calculating the cost per mile for each truck first.
How much do truck drivers make per mile careers in gear. Company drivers are paid on a cents per mile basis. For an experienced independent truck driver, the rate per mile could be as high as 60 cents a mile. Loadto truck ratios are strongest in the middle of the country and southeast. Rates are market averages derived from dat rateview, an innovative service that provides realtime reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. The solo driver averages 2500 miles per week and the team driver averages 5000 miles per week. Dons owner operator trucking job is based in enid, ok truck driver salary. Average truck driver pay per mile is between 28 and 40 cents per mile.
Thats why its so important to look at the entire pay package with each driving job you explore. Chad boblett is the owner and driver of boblett brothers trucking of lexington, ky. Increases are given once a driver proves themselves. Add the per mile cost for each of the last 12 months together, then. One important detail to notice is that because your fixed costs dont. Trucker 6196 link 092917 fleetowner highmileage web.
Calculating the real cost of trucking per mile quick. To determine the total monthly cost per mile, simply add the fixed, variable and salary costs. So how does this average weekly mileage add up for both solo and team drivers. According to the truckload carrier associations tpp fleet data available to tpp members and sonar subscribers, a forhire truckload carrier will average between 1,7001,900 miles per truck per week throughout the year, except for december average operating expenses for a carrier on a per mile basis. Chad also founded the rate per mile masters group on facebook, a communications hub for more than 18,000 members, including owneroperators, truck drivers, and other transportation and logistics pros. Freight rates for loads paid per mile increased 5 percent on average from 2016, however, average miles driven went down by half a percent.
The 680 mile trip will take about 11 hours 680 60 11. Chad also founded the rate per mile masters group on facebook, a communications hub for more than 20,000 members, including owneroperators, truck drivers, and other transportation and logistics pros i love trucking, but lets be honest. Factors include equipmenttrailer type,number of drops, weight, etc. Even if youre already in the business, you may want to find out if your pay rate is fair, or below average. What is total cost per mile for truckload carriers. Get the average paypermile divide the pay by the total number of miles average the paypermile of the 10 loads. In the us, the average truck drivers are making between 28 and 40 cents per mile. Owner operator truck driver consistent freight above market rate per mile. To determine pay per hour, take the number of miles per trip times the pay rate. With an average of 2,7003,000 miles per driver per week and a competitive benefits. There are over 27 cdl a truck driver up to 60 cents per mile. Class a cdl truck drivers are typically paid by the mile and average a. How to calculate owner operator trucking cost per mile.
Nov 02, 2017 company drivers are paid on a cents per mile basis. Jun 19, 2019 average truck driver salary canada by province. Most drivers can average 2,0003,000 in a 70hour work week. According to the truckload carrier associations tpp fleet data available to tpp members and sonar subscribers, a forhire truckload carrier will average between 1,7001,900 miles per truck per week throughout the year, except for december. There arent a lot of people stepping up looking to become truck drivers.