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FREQUENTLY ASKED QUESTIONS

An owner-operator is a commercial truck driver who is self-employed or it is a small business operating trucks for main transportation of products and goods over the highway for its various customers. A vast majority of owner-operators become drivers themselves for the sole purpose of gaining a lot of experience for them to be able to decide whether the career is suitable for them.
The main feature of being an owner-operator is that they purchase and own their vehicles. For owner-operators to own their truck can be stressful but there are lots of benefits that come with being your boss. There is a lot to consider when it comes to truck and trailer financing because this particular purchase can determine the difference between personal bankruptcy and a stress-free profitable business. This is a very important consideration in being an owner-operator.
This article is presenting data coming from the analytics of 70,000 trucks represented by over 230 truckload for-hire fleets. For companies to be able to achieve a higher than the average rate per mile is very difficult and fleets of all sizes are capable of adding capacity very easily to the market due to low barriers to market entry and as a result of this, shippers make lots of profits due to these hyper-competitive effects with various rates which don’t correspond with trucking realities.
The total trucking cost for every mile ranges from $1.16 to $3.05 per mile. This cost is excluding the very specialized operating models. In real terms, no company would be able to achieve an average of the total operating cost per mile of $1.16, they would also not be able to achieve that of $3.05 per mile.

Being an owner-operator comes with a lot of responsibilities and it can be lucrative. There are various things to consider before you can profit a lot from this business. It requires being smart with your money and the need to develop a stronger reputation. Here are a few tips on how you can make the most money as an owner-operator:

  • Place yourself as a reliable trucker
  • Sign up for loyalty programs and fuel cards
  • Try to avoid deadhead miles
  • Make use of load boards and connections
  • Familiarize yourself with truck repair to save money
If a truck driver adheres to federal and laws (dependent on state and interstate), they will average about 55 to 60 miles per hour; this means that most truck drivers average around 705 to 750 miles per working day—although mileage varies depending on the route, traffic, and weather conditions. Even though all of our clients are truck drivers, their average net income ranges anywhere from $40,000 to $1,000,000 depending on a multitude of factors.
Company drivers can generally earn anywhere from $35,000 to $65,000 a year depending on experience, licenses and certificates, driving record, and the type of fleet they drive for. Of the career stages, company drivers generally have the lowest revenue potential, although there are certainly exceptions to that. Generally, a company driver’s revenue is limited by the salary they are paid by their company. Each year, a company driver knows about how much money they are going to make and their potential to earn bonuses.
The average USA Truck salary ranges from approximately $36,411 per year for Company Driver to $174,928 per year for Owner Operator Driver. Average USA Truck weekly pay ranges from approximately $713 per week for Truck Driver to $926 per week for Company Driver. Salary information comes from 18,548 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Trucking companies pay around $0.28 and $0.40 cents per mile according to the U.S Bureau of Labor Statistics. But few companies do pay up to $0.45 to $0.50 cents per mile. Those types of jobs require huge skills and are for drivers with many years of experience in this industry.
If you are professionally skilled and very much efficient in your duty then you can get a good amount of salary. A CDL driver earns more than a regular driver. The average salary for a CDL Driver is $50,000-$55,000 in the United States. Salary estimates are based on the experience and skills of the driver. A professional truck driver has the opportunity to discover more through traveling. If you are a CDL driver with the required skills then you can make a good amount of money from trucking.

General Inquiries

An owner-operator is a commercial truck driver who is self-employed or it is a small business operating trucks for main transportation of products and goods over the highway for its various customers. A vast majority of owner-operators become drivers themselves for the sole purpose of gaining a lot of experience for them to be able to decide whether the career is suitable for them.
The main feature of being an owner-operator is that they purchase and own their vehicles. For owner-operators to own their truck can be stressful but there are lots of benefits that come with being your boss. There is a lot to consider when it comes to truck and trailer financing because this particular purchase can determine the difference between personal bankruptcy and a stress-free profitable business. This is a very important consideration in being an owner-operator.
This article is presenting data coming from the analytics of 70,000 trucks represented by over 230 truckload for-hire fleets. For companies to be able to achieve a higher than the average rate per mile is very difficult and fleets of all sizes are capable of adding capacity very easily to the market due to low barriers to market entry and as a result of this, shippers make lots of profits due to these hyper-competitive effects with various rates which don’t correspond with trucking realities.
The total trucking cost for every mile ranges from $1.16 to $3.05 per mile. This cost is excluding the very specialized operating models. In real terms, no company would be able to achieve an average of the total operating cost per mile of $1.16, they would also not be able to achieve that of $3.05 per mile.

Being an owner-operator comes with a lot of responsibilities and it can be lucrative. There are various things to consider before you can profit a lot from this business. It requires being smart with your money and the need to develop a stronger reputation. Here are a few tips on how you can make the most money as an owner-operator:

  • Place yourself as a reliable trucker
  • Sign up for loyalty programs and fuel cards
  • Try to avoid deadhead miles
  • Make use of load boards and connections
  • Familiarize yourself with truck repair to save money
If a truck driver adheres to federal and laws (dependent on state and interstate), they will average about 55 to 60 miles per hour; this means that most truck drivers average around 705 to 750 miles per working day—although mileage varies depending on the route, traffic, and weather conditions. Even though all of our clients are truck drivers, their average net income ranges anywhere from $40,000 to $1,000,000 depending on a multitude of factors.