In 1976, leased on with Bekins Van Lines, I grossed just over $120,000. In today's rate, (1=3.80)that would be about $460,000. After paying for insurance, taxes, fuel and maintenance and a $600 truck payment, I netted around 31,000 bucks. And the rent and groceries and other personal expenses came out of that. With a wife and five kids, it didn't go very far.
According to the Owner Operator and Independent Driver's Association, the average owner-operator in 2008 had a gross income of $158,005, with expenses of $117,458, for an average profit of $49,711. A company truck driver can make well over $50,000 a year, especially on a dedicated account. So when compared side by side, being an owner operator is not as lucrative as it sounds.
Fuel, insurance, maintenance and truck payment.
Here's your answer. There's 3 different categories of drivers. 1. Company driver. This is a driver that is hired by a company to drive a company owned truck. This type of driver must do the loads that is given to him/her. The driver only has to pay for food and personal expenses. The company pays for fuel and all expenses and costs of the truck . Including fuel, tires, etc. 2. Independent Contractor/ Owner Operator. This is a driver that owns his/ her truck. The owner of the truck pays for all expenses, personal and truck expenses. The owner must pay for fuel and tires as well. The company the owner "leases" onto helps find loads for the driver/owner. Although the owner can refuse loads, he/she can only pull loads for the company that the owner leases to. The company has rules that the owner must comply with but mostly the owner of the truck is his/her own boss. A lot of owners of trucks are owner operators and most lease onto a company. It makes things easier, but still you are not totally a independent owner. You still, basically, are a company employee. Your paid more than a company driver, but you have more responsibilities and expenses. 3. Independent Owner Operator. This is a person that owns from one to several hundred trucks, even thousands. This person usually does not drive or operate a truck, but some do. An Independent Owner Operator is classified as a Motor Carrier. He/she usually has more than one truck. Even though an Independent Owner Operator can be in business with one truck and one trailer, or just one trailer. The independent owner operator can lease on a driver to pull his/her trailer. The independent owner usually has company drivers that drive for him/her and has at least two trucks and trailers, or at least two trailers. The owner has a lot of responsibilities and must find all loads himself. The owner also is responsible all bills that come to the trucking company he/she owns.
$90-$140 after fuel, truck payment, insurance and wear and tear
Average truck driver makes about 45k depending how long you are at the company and your ranking with the company, hope this helps :)
Yes, depending on the city.
Buy a tow truck
A HGV Driver
owner of trruck
Truck Driver (oil) = $66,000 = $0.60 per mile x 110,000 miles. See truckers cost per mile calculation below. (Owner operator trucking jobs typically pay more than just being a truck driver.)
Only if the truck driver was at fault.
They own their own truck. Some lease on with companies, and run under the operating authority of those companies, and some are true independents who run under their own authority.