Jul 11, 2017 - Additionally, some truck drivers are finding difficult to be involved in the trucking business. As a lifestyle then you need to know the potential money earning. The response to how much do truck drivers make a year will be.
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 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. If the driver were to complete a typical 1,800 to 2,200 miles a week, earnings would range from $882 to $1,078 per week and $45,864 to $56,056 for 52 weeks.
Company drivers can also boost their earnings through various incentives offered by Prime:. Fuel mileage bonus: Earn up to 8.2 additional cents per mile for exceeding 7.75 miles per gallon (mpg). Tuition reimbursement: Up to $1,500 for CDL School graduates, if qualified.
Driver referral program: Earn money for referring new drivers to Prime. CDL Training: Become a CDL Instructor or Trainer and earn extra money. Another option is to pair up with a spouse, partner or friend and work together as team drivers. Prime team drivers earn a cents-per-mile split based on the type of truck driven:. Refrigerated team drivers: 52 cents per mile split. Flatbed team drivers: 50 cents per mile split. Tanker team drivers: 53 cents per mile split In addition, team drivers can earn an additional 22 cents per mile for each mile over 3,000 per week.
Drivers who get paid by the mile only make money when the truck is moving forward. In other words, truck driver earnings don’t include that take up your time on the road:.
Waiting at border crossings or customs. Sitting in traffic jams. Scaling and weighing a load. Performing a circle check on your trailer and truck. Waiting for DOT scales and inspections.
Waiting on delays with loading or unloading. Waiting for repairs on truck or trailer In addition, federal safety regulations limit your driving time to, within a 14-hour driving window, with some exceptions. Once you launch your driving career, it’s important to plan routes in order to maximize the distance you’re able to travel safely within the legally prescribed driving limitations, and minimize the amount of time when the truck is not moving. 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. 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.
Getting Paid By the Mile Unlike other careers with a set salary, Truck drivers are usually paid a rate per mile 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. On average, a 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. Truckers also have the opportunities to earn bonuses in addition to their regular pay. Truck Driver Pay also varies by company, location, the type of driving you do, the materials you haul, and your certifications. The best news is that new truck drivers will find competitive wages and great incentives due to the.
Types of Driving Solo OTR 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 is such a great benefit! First year drivers average $40,000-$45,000 their first year.
Team OTR Driver – Working in a pair means you can clock longer distances. When there are two truck drivers, the work can be switched off while the other driver rests or relaxes. Because both drivers are compensated for the combined mileage, there’s typically more money to be had. Teams can average up to $100,000-$150,000 a year!. Trainer – After you’ve spent a few years on the road, you can apply to positions to train new drivers. You could then earn truck driver trainer pay and can average $60,000-$80,000 a year.
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 gotten 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! Earning Potential There are many additional factors that contribute to how much money truck drivers make, such as:. Type of Driving/Specific Carrier: Professional Truck Driving isn’t limited to one style of job. Positions like Team Driving, Dedicated, or Specialized Hauling (such as flatbed, refrigerated, and hazmat) are valued differently by each carrier based on current needs. The same type of position varies in pay rate from carrier to carrier.
Mileage: Typically, drivers can increase their earnings by accepting assignments that require longer driving distances. In addition to opportunities to receive bonuses for mileage milestones, professional truck drivers can choose to make extra base-pay by driving more. Bonuses: Each position or role in professional truck driving comes with its own set of available bonuses. Drivers are typically given incentives like achieving mileage milestones, signing on with specific carriers, and referring other drivers to earn extra money.
Experience: Your effort pays off! Over time, you’ll build a reputation that could demonstrate your competency and dependability. Simply put, carriers who are impressed with exceptional drivers will pay more for their time. Eventually, you could negotiate a higher rate per-mile and improved benefits packages.
Bonuses In addition to regular pay, you may also be able to make money through various bonuses as a CDL-trained truck driver. Each carrier company is different, but could offer bonuses like: Monthly mileage – Some carriers pay extra to drivers who hit company thresholds for miles. Earn money for driving the longer distances and earn extra pay just because you drove them with your company! Sign-on bonus – In order to attract new truck drivers, competing carriers will sometimes offer sign-on bonuses for drivers selecting their company. The amount differs from carrier-to-carrier and can be a whole sum or gradual payments. Fuel efficiency – By using various fuel-saving practices, you prove to your carrier that you are a cost-conscious truck driver.
Carriers appreciate that and many reward their drivers for cutting down on fuel use. Safety pay – Carriers strive for safe driving and may even offer bonuses for proven safety out on the highways. Proving that you can safely drive a tractor-trailer means more than good business, it means saving lives! Layover pay – If you are inconvenienced or stalled in the delivery process, some carriers offer layover pay as a way of compensating truck drivers for the time lost. Clean DOT Inspections – Clean Department of Transportation inspections are good for both the driver and the company. Carriers know this, and many pay their truck drivers for clean inspections.
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Fast Results Once your training is complete and you’ve earned your Commercial Driver’s License (CDL), you’ll work with Roadmaster’s Job Placement Assistance Program to determine the carriers that are the best fit for you. Some Roadmaster students complete their CDL training course in and others are even during the early stages of training. Pair this with – packages that often include health, dental and life insurance, 401k, paid vacation and sick time – and it’s easy to see why you should consider a career in the Professional Truck Driving Industry! How to Get Started. Fill out the Application Form. A Roadmaster Admissions Representative will contact you and answer all of your questions. The Representative will make sure that you are qualified based on your criminal, health and driving record.
If qualified, you may receive Financial Assistance and up to 100% Tuition Reimbursement. You will start your 160 hour course on the schedule that best suits your situation. After graduating and getting your Class A CDL License, you will choose who you want to work for. You will start working and getting paid at your new career while going through additional driving and safety training.
You will then hit the road with a trainer until they are 100% confident in your ability to safely operate a truck by yourself. Once you get a couple of years' experience, you can always choose to. By submitting this form you are expressly consenting to our You are also expressly consenting to have Roadmaster Drivers School (the “Company”) or its representative, including its Affiliated Companies, Partners, and third-party service providers (collectively, “Affiliates”), contact you about your inquiry or about the products and services offered by this Company, its Affiliated Companies, partners, and third-party providers. You are further consenting that such contact may be by text message or phone (including by use of automatic telephone dialing system(s) or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided above, even if such number is listed on a corporate, state or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of receiving any services from Roadmaster Drivers School or its Affiliates. All calls to and from Roadmaster Drivers School or its affiliates may be monitored or recorded for quality assurance and compliance purposes. For additional information concerning the above contents please see our.wage information provided by Werner Enterprises.