How Much Do Monster Truck Drivers Make A Year
Unlike other careers with a set salary, Truck Drivers are typically paid a set rate per mile that they travel, not for how long they work. That rate varies depending on the years of experience the driver has, the region where they drive and the company they drive for. According to the BLS†, most trucking companies pay drivers between $0.27 to $0.40 cents per mile. You may find some companies paying more because of the high demand for Class A licensed Truck Drivers due to the ongoing truck driver shortage. Werner Enterprises for example invested more that $30 million dollars in 2018 alone on driver pay increases. That investment increased their truck driver’s pay per mile by 11.8%. So even if you start out at a certain rate per mile, your performance and the industry demands can cause that to change over time.On average, a Class A CDL holding Truck Driver can expect to drive between 2000 and 3000 miles per week.
When you get paid by the mile, your odometer counts your money for you as the miles fly. This makes it easier to track your expected pay. Truck Drivers that are paid by the mile do tend to make more than hourly or salary paid drivers. Types of Truck Driving Jobs.
Orientation and Training pay – Typically when you begin with a carrier, you’ll undergo specialized training with a company driver. Some carriers set a standard pay rate while you train.
For example, Covenant pays $450-$525 a week for the first 35 days for their new Hazmat drivers.2 After that, their rate is calculated per mile. Solo OTR Truck Driver– Solo truck drivers make up a large percentage of the workforce. Their earnings vary depending on the available bonuses offered by their carrier. That’s why having the option to choose your carrier is such a great benefit! These drivers average up to $45,000 or more their first year! 3.
Team OTR Truck Driver– Driving with a fellow truck driver means you can log more miles together. With two drivers, the truck never stops moving. While you take your rest period your partner is driving. Because the drivers split the total combined mileage, there is typically more money to be made. Teams can split an average up to$100,000-$150,000a year! 3.
Dedicated Truck Driver– A truck driver who makes runs and deliveries for a single company (such as Walmart or Home Depot) is called a dedicated driver. They have a specified run or route for their dedicated company where they transport only the company’s materials. These drivers typically get a bit more home time than standard cross country truck drivers. The trade-off is that these positions typically require you to handle the freight you are delivering. These positions can sometimes pay less than truck drivers who log more miles driving cross country.
Dedicated drivers typically average$45,000 to $65,000! 3. Truck Driver Trainer– After you’ve spent a few years on the road, you can use your knowledge and experience to train new truck drivers entering the industry. Carriers typically require their new drivers to ride with a trainer until they feel comfortable with the driver going solo.
Truck Driver Trainer pay and can average$60,000-$80,000a year! 3 Gaining enough knowledge and experience to train new drivers can really make a difference in pay!.
Owner-Operator– If you like the idea of running your own business instead of working for an employer, consider becoming an owner-operator once you have adequate experience working for a carrier. Owner-operators can earn a greater rate-per-mile by cutting out the middleman and signing contracts directly with companies. As an owner-operator, you could eventually have your own fleet of drivers! Owner-operators can earn$100,000 plus a year! 3How does the average salary of the different types of truck driving jobs stack up?.
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If you’re considering a career as a truck driver, one of the biggest questions on your mind is probably “How much money do truck drivers make a year?”The short answer to that question is, “It depends.”While truck driving does provide a great opportunity to earn competitive pay and benefits, there are many factors that will influence how much you will make as a truck driver.To help answer your question of how much truck drivers make, we’ll break it down into three more questions:. How do truck drivers get paid?.
How Much Do Monster Truck Drivers Make A Year Video
How much do truck drivers make at Prime?. What things influence truck driver pay?
How Do Truck Drivers Get Paid?According to the Bureau of Labor Statistics, the for truck drivers in 2014 was $39,520. The bottom 10% of truck drivers earned a median of $25,740, while the top 10% brought home a median of $61,150.It’s important to note, however, that truck drivers are typically not paid an annual salary or hourly wage, as with many other careers.Company drivers are paid on a basis. Average truck driver pay per mile is between 28 and 40 cents per mile. Most drivers complete between 2,000 and 3,000 miles per week. That translates into average weekly pay ranging from $560 to $1,200. If you drove all 52 weeks in a year at those rates, you would earn between $29,120 and $62,400. How Much Money Do Truck Drivers Make at Prime?At Prime, truck driver pay is above the industry average and depends on which you become and the type of truck you drive.Driver pay varies for company solo drivers, company team drivers and independent contractors.
Driving divisions, which represent the type of truck you drive, include refrigerated (reefer), flatbed or tanker. Refrigerated solo company drivers earn 44- 49 cents per mile. A company refrigerated driver typically logs between 2,400 and 2,800 miles in a week and would earn between $1,128 and $1,316. If he or she drove the same distance for the entire 52-week year, total earnings would range between $58,656 and $68,432. Flatbed solo company drivers earn 46 cents per mile. Similar to the example above, a flatbed driver typically drives between 2,200 and 2,600 miles in a week and would earn $968 to $1,144. Over 52 weeks, earnings would reach $50,336 to $59,488.
Tanker solo company drivers earn 51 cents per mile. Drivers who get paid by the mile only make money when the truck is moving forward.
The greatest opportunity to maximize earnings as a truck driver is to become an independent contractor, also called an owner-operator.enjoy greater control over the routes they run, when they run and how much they bring home. Unlike company drivers, Prime independent contractors earn a share of the freight bill for the loads they haul, rather than a rate per mile. Independent contractors who drive a refrigerated truck earn 72% of the freight bill. Flatbed contractors also earn 72%. Tanker contractors earn 71% of the freight bill.Drivers with at least 6 months of driving experience will earn a guaranteed $1,000 per week for their first 3 weeks as an owner-operator.Prime also gives drivers the opportunity to lease a truck through. That gives the aspiring entrepreneur the freedom to start his or her own business with no money down and no credit check.
How Much Does A Monster Truck Driver Make A Year
Prime offers a choice of state-of-the-art trucks equipped with advanced technologies to boost safety, including sensor tracs and lane deviation warning systems.Do you have more questions about how much truck drivers get paid at Prime?online or call our Recruiting Hotline at 877-491-1112 to speak to one of our recruiters. We’ll answer your questions and give you helpful information about how to start your own driving career with Prime.