The highest paying companies for truck drivers are W. R. Grace & Co and Walmart according to our most recent salary estimates. Federal regulations do not allow people to become truck drivers if they have a medical condition, such as high blood pressure or epilepsy, which may interfere with their ability to operate a truck. The used-truck market may also see increased activity. Most people assume that owner-operators earn more money per year, and in most cases, they would be right. Most drivers can average 2,000-3,000 miles in a 70-hour workweek. Salaries below this are outliers. Federal government websites often end in .gov or .mil. Just in case you need a simple salary calculator, that works out to be approximately $116.74 an hour. Water transportation workers operate and maintain vessels that take cargo and people over water. In the trucking . How else would new cars get to dealerships without tacking on, Read More How Much Do Car Hauling Jobs Pay?Continue, The median tow truck driver salary varies greatly due to company, location, industry, experience and benefits. The average for that is.48 to.75 cents a mile, up to 6,000 miles per week. The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised. Also, awarded Top Driver Recruiting Office in the country. Some companies pay more. That translates into average weekly pay ranging from $560 to $1,200. This comprehensive guide analyzes what you can make as truck driver in North America and how you can increase your income. Includes base and annual incentives. Based on the averages above, pay per week can range anywhere from $800 to $1,350. Drivers also are limited to driving no more than 60 hours within 7 days or 70 hours within 8 days; then drivers must take 34 hours off before starting another 7- or 8-day run. The Midwest has the highest average flatbed rates at $3.11 per mile; the lowest rates are in the West, with an average of $2.41 per mile. Between working periods, drivers must have at least 10 hours off duty. Carriers are betting on widespread vaccine distribution to give way to a stronger 2021, particularly for the transport sectors sluggish in 2020, such as food service and industrial. Railroad workers ensure that passenger and freight trains operate safely. While many market factors are outside of fleets' control, firms can monitor and benchmark operational costs against industry averages. "We are committed to rewarding company drivers for the safe and professional work they do to excite our customers," said Dave Geyer, EVP and Group President of Transportation and Logistics at Schneider. Driver bonuses are not part of the wages or benefits calculation, but ATRI's data does indicate all types of bonuses (safety, starting and retention) increased from 2018 to 2019, with retention bonus values up more than 80%. 10.1K subscribers In this episode of Trucking Business, we provide you the best way to calculate your Cost Per Mile for a Box Truck and stay profitable choosing the right load. The lowest 10 percent earned less than $30,710, and the highest 10 percent earned more than $72,730. Average yearly earnings for a semi-truck driver in 2020 were about $47,130, which was a slight increase from $43,590 four years earlier. If the drivers workweek is 70 hours long, they will make roughly $10 per hour. Most tractor-trailer drivers are long-haul drivers and operate trucks with a total weight exceeding 26,000 pounds for the vehicle, passengers, and cargo. Some truckers say that in a 70-hour work cycle, as much as 10 of those hours may be unpaid because the truck just isnt moving. What Is the Average Local Truck Driver Salary by State How Much Do Local Truck Driver Jobs Pay per Year? Some long-haul truck drivers, also called owner-operators, buy or lease trucks and go into business for themselves. Nuest gave examples of cameras for coaching drivers, along with strong safety culture at trucking firms. The average salary for truck drivers in Missouri is around $47,130 per year. Fleets' lease and purchase costs declined 2.3% in 2019 after a strong year of truck purchases in 2018. Costs are down with lower diesel prices mostly contributing to the drop, ATRI said. Some heavy truck drivers who transport hazardous materials, such as chemical waste, must take special precautions when driving and may carry specialized safety equipment in case of an accident. But they dont necessarily earn a significant amount more. Truck drivers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $40,000 a year, while the top 10% makes $90,000. However, that doesnt take into account drivers who might not work full-time or compare the differences between independent drivers and company drivers. JK Moving Services has.. About the Job Monday to Saturday working week. "The growing cost differential between for-hire and private fleets may move more private fleet trips to for-hire carriers in the future," ATRI wrote in its report. Unlike other industries, truckers are paid by the mile not hourly, or on a salary basis. If you drove all 52 weeks in a year at those rates, you would earn between $29,120 and $62,400. Trucking companies are boosting pay to keep drivers on their payrolls. BRAND NEW trucks. Oversized load drivers: Oversized load drivers definitely make a comfortable living. ATRI expects the driver shortage "to worsen in the coming decade," with estimates of a shortage reaching 160,000 drivers by 2028. When planning routes, drivers must take into account any road restrictions that prohibit large trucks. Owner-operators may take in over $260,000 in gross revenue, but once you deduct expenses, maintenance and all of the costs that go along with running a truck, many dont earn much more than experienced company drivers. In addition to their driving tasks, owner-operators have business tasks, including finding and keeping clients and doing administrative work. All long-haul truck drivers must have a commercial drivers license (CDL). The average Commercial Truck Driver salary in Tennessee is $51,890 as of February 27, 2023, but the range typically falls between $45,890 and $59,490. The base salary for OTR Truck Driver ranges from $51,026 to $66,237 with the average base salary . Since its founding in the 1950s, Schwans has grown from a humble ice cream delivery service to one of the nations largest food delivery company. Some long-distance drivers, especially owner-operators, are paid a share of the revenue from shipping. Average truck driver pay per mile is between 28 and 40 cents per mile . If youre just getting started, you can expect to be paid less than someone with a few years of experience, but many companies will offer pay raises every 4-6 months as you progress through your first year as a driver. Load ratios are highest in the northern plains and Gulf Coast states. Most drivers complete between 2,000 and 3,000 miles per week. Coronavirus-related safety measures didn't impact insurance premiums much, Nuest said. May be required to unload truck. The average truck driver's pay per mile is between 28 and 40 cents per mile. Interested? 2-time, consecutive Agent of the Year Award in Landstar history. Operating costs in the trucking industry are about $1.38 per mile. If you drove all 52 weeks in a year at those rates, you would earn between $29,120 and $62,400. What Is The Highest-paying Trucking Company. When negotiating rates with a company, stick to the facts. Realize that you will not make top rates if you just graduated from trucking school. Note that to make an even comparison between time-based and mileage-based rates, you must compare gross pay with gross pay or net pay with net pay. Those who succeed have reported bringing home earnings of $60,000-$80,000 or more. According to The Bureau of Labor Statistics, the government agency that publishes employment figures, the 2021 median heavy and tractor-trailer truck driver pay was $48,310 per year or $23.23 per houramong 1,951,600 drivers. Truck drivers must be able to pass vision tests. Driver pay became the responsibility of the Interstate Commerce Commission (ICC). A flourishing spot market lured smaller carriers and owner operators into the industry, and these fleets often buy used equipment. Companies sometimes use two drivers, known as teams, on long runs to minimize downtime. Most drivers complete between 2,000 and 3,000 miles per week. Divide this amount by the number of hours in the workweek. The average for drivers with their careers in full swing is around $45,000 to $60,000 annually. FreightWaves estimates the total cost of operating a truck at about $210,000 annually (or about $1.76 per mile) based on the average truck driver driving 120,000 miles per year (400 miles per day, 6 days a week, 50 weeks per year). "Motor carriers are redesigning how theyre distributing work so that drivers can have consistent miles, but also have the ability to be home in bed every night," Farrell said, pointing to trends in more regional routes versus over-the-road and more drop-and-hook locations all part of "creating a more desirable job experience.". . Despite the insurance cost trend, ATRI's data shows a drop in insurance costs from 2018 to 2019, which the institute described as "the most surprising cost center decrease.". The bottom 10% of truck drivers earned a median of $25,740, while the top 10% brought home a median of $61,150. Heavy and tractor-trailer truck drivers held about 2.1 million jobs in 2021. How do you do it? Therefore, the scale can generally range as low as $28,160 annual income all the way to as high as $65,260, according to BLS. J.B. Hunt said in November 2020 that it is targeting private fleet conversion as one of its largest growth opportunities. Although you might not be able to make $100,000/year off the bat, but given the truck driver demand, and with experience, specialization, CDL training and the right company, you can make $80,000+ on a trucker salary. The Federal Motor Carrier Safety Administration website has a full list of medical conditions that disqualify someone from driving a long-haul truck. Comparing Per-Mile Rates with Per-Hour Wages Don't go less than that if you're brand new with no experience. For an experienced independent truck driver, the rate per mile could be as high as 80 cents a mile. These are all normal factors that play into the pay rates of truck driving. While moving across state lines isnt achievable for everyone, it could make a huge difference in how much youre paid, as well as how far that money goes.