Average Pay Per Mile For Owner Operator Truck Drivers
Introduction
Owner operator truck drivers are those who own and operate their own trucks, and usually work independently or as contractors for trucking companies. They are responsible for all expenses related to their operation, including fuel, maintenance, insurance, and taxes. One of the most important factors for owner operator truck drivers is pay per mile, as this determines their overall income. In this article, we will discuss the average pay per mile for owner operator truck drivers in the United States.
Factors That Affect Pay Per Mile
Before we dive into the average pay per mile for owner operator truck drivers, it's important to understand the factors that can affect this figure. These include:
- The type of cargo being transported
- The distance of the haul
- The region of the country
- The experience and qualifications of the driver
- The type and age of the truck
Average Pay Per Mile
According to a survey conducted by Overdrive magazine, the average pay per mile for owner operator truck drivers is $1.65. However, this figure can vary widely depending on the factors mentioned above. For example, owner operator truck drivers who transport hazardous materials can earn significantly more due to the increased risk and specialized knowledge required for these hauls. Similarly, drivers who operate in certain regions of the country, such as the Northeast or California, can earn higher rates due to the higher cost of living in these areas.
Calculating Pay Per Mile
For owner operator truck drivers, calculating pay per mile is critical for understanding their overall income. To do this, they should start by calculating their total expenses, including fuel, maintenance, insurance, and taxes. They should then subtract these expenses from their total revenue to determine their net income, and divide this figure by the number of miles they drove during the same period. The resulting figure is their pay per mile.
Conclusion
Overall, the average pay per mile for owner operator truck drivers is $1.65, but this figure can vary widely depending on a variety of factors. To maximize their earnings, owner operator truck drivers should carefully consider the type of cargo they transport, the distance of their hauls, and the region of the country they operate in, among other factors. By carefully calculating their expenses and revenue, they can determine their pay per mile and make informed decisions about their business operations.