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How much does oversize trucking pay?

How much does oversize trucking pay?

One has to ask themselves that doesn’t know, just how much does oversize trucking pay? Is a driver for a oversize trucking company paid more money? How much more?

How much does oversize trucking pay?

Does shipping oversize loads pay more money? If so, how much more do they pay?

There are a few different ways to look at it. From the perspective of a driver of a truck that works for a oversize load trucking company and how much he gets paid or you are the owner of an oversize trucking company. Which one gets paid the most? Well let’s have a look at it.

  • If you are a truck driver and specialize in shipping oversize equipment and machinery then yes you are probably going to get paid more money as this is a specialized field. However, you need to consider a few things.
  • Did you go to oversize trucking school or take any classes?
  • How much experience do you have with oversize loads and machinery?

Also, there are other things to consider like the seasons of the year and are of the frost laws in effect? Or how is the economy? Just these two questions alone can factor in a huge variable is far as someone’s salary or pay is concerned. If the weather is bad and the frost laws are in effect then you know there’s going to be a shortage of specialized freight. Meaning, you won’t have that much work. So while you may be getting paid more per mile or hourly, you may have more downtime as well. A good example for the economy is this year 2016. Check out some of our predictions. Consumer spending is down. The uneasiness that is being created by the elections that will be held later this year has the average person being tighter with their money. With that said, manufacturing will be down so manufacturers will not be looking to expand and possibly purchase new specialized and oversized equipment. Equipment that will not need to be shipped. Before you think it, of course frost laws involve only heavy haul freight. But if these carriers don’t have work they will look for it in the next place they can – specifically targeting oversize loads which will again create a shortage. This will in turn effect how much you get paid – whether you’re the owner, the operator or both.
Now. Speaking solely for the owner of a oversize trucking company and payments. Yes payment is the key word. Remember that owning a specialized trailer is going to cost you more money meaning your monthly payments are going to be higher and your insurance is going to be higher too. So unless you have a huge customer database getting paid more money might prove to be difficult. While you will get paid more money for the jobs that you do, will you be able to keep that truck loaded with oversize loads?

So hopefully that answers your question. Yes. A truck driver or owner operator does get paid more money for hauling oversize loads. Oversize loads pay much more per mile. The wider it is the higher the rate is. The key to that question is does the owner of the truck and trailer have the customer database to support it?

Here is a break down of average trailer type driver jobs and what they pay:

Oversize load truck driver pay average: $53,125 – $90,000
Oversize Loads – Truck drivers pulling oversize loads have quite a bit more to do than just load the product and hit the road. You have to have specialized oversize load permits, routing that determines the exact roads you will drive and in many cases a lead, chase or high pole pilot car or truck escort driver to escort the shipment in order to protect motorists. Plus as mentioned above you have to have quite a few years in the truck before a oversize trucking company will consider hiring you. Also consider there are a huge amount of trailer types ranging from a flatbed, step-deck, rgn to a perimeter frame deck and about 20 other types in between those above. You will be required to know exactly how to operate these trailers in order to get hired on as a oversize truck driver and paid more money.

Flatbed trailer.

Flatbed truck driver pay average: $47,890
Flatbed Trailers – Freight can vary greatly from heavy equipment, finished products and even industrial machinery. Flatbed truck drivers must secure their loads using special strapping equipment. Many loads are required to be tarped with huge water proof heavy tarps protect against weather. These tarps are heavy and hard to work with for the average person. Flatbed freight usually pays more money when compared to refrigerated, dry van shipments. Flatbed drivers usually require a little more training on how to properly secure a shipment to the deck of the trailer.

Rear dump, end dump trailer.

Dump truck driver pay average: $24,500 – $52,000
Dump Trucks: Driver pay for dump truck drivers and/or other construction type vehicle drivers can range widely from employer to employer and actual dump truck type. Ranging from end dump, belly dump and even tip trailers these drivers are usually paid an hourly rate depending on exactly what the company does.

Standard refrigerated trailer.

Refrigerated truck driver pay average: $38,996
Refrigerated Trailers – One of the advantages of having a refrigerated (or reefer) trailer is that the driver can ship various commodities ranging from dry goods (as discussed below), refrigerated/frozen freight and even ship all three at the same time if using a bulk head which consists of movable temporary foam walls. However, you have to keep in mind that a refrigerated trailer requires a motor to power the refrigerated unit on the trailer. When you factor into the equation the maintenance and fuel costs of keeping this extra unit going it hurts the bottom line numbers of your profit. Truck drivers who pull refrigerated trailers are paid just a little bit more than dry van operators.

Dry van truck driver pay average: $36,230
Dry van trailers: Loads will vary from toilet paper to diapers or packing materials and even onions if the trailer has vents in it. Watermelon and pumpkins can be shipped in a dry van as well weather permitted. Drivers in this field require little training other than passing the test to have a CDL endorsement on your drivers license.

Food service truck driver pay average: $60,000 +
Food Service industry: Food service industry drivers make deliveries to restaurants and other food related establishments. This can be a lucrative, high profit operation depending on the client that is being delivered too. A good portion of food service drivers are home every night and enjoy good pay. The work can be physically demanding as each driver must unload his trailer by hand.

LTL truck driver pay average: $62,000
LTL (Less than truck load): LTL drivers make many pick-ups and deliveries on a regular assigned route. Some LTL drivers may also have a regular shuttle route to move truckloads but are often home every night. The profit for LTL companies is higher than long haul companies and allows them to pay higher wages to their drivers. These are highly sought after positions within the trucking community.

 

Notes: Geographic locations can play a huge factor in how much a truck driver can ear. Such as a company based out of Kentucky would pay less than a trucking company based out of New York.
Trucking companies that have a smaller corporate structure such as long haul trucking companies tend to have a higher turn over rate than large corporate drivers. Typically this is due to management which is much less likely to violate work law than a smaller company. Laws governing how many hours are worked in a day as well as commission based jobs that pay per mile.

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Here comes the 2016 oversize trucking season!

Here comes the 2016 oversize trucking season!

Finally, it looks like the 2016 heavy haul and oversize trucking season is beginning to start. While freight volumes are still on the low side we can tell by the consistency of loads being posted that the season will start very shortly. This won’t come soon enough for many companies as the 2015 oversize trucking season was very short lived with freight volumes extremely low. Economic indicators for 2016 look fair as the wind power industry continues forward with its expansion (although not as big as in previous years). That’s not to say it’s time to go trailer shopping just yet but it does look like we should have a decent year. While the heavy haul trucking industry certainly needs a boost, the oversize trucking industry needs it terribly bad with so many other companies dependent upon oversize freight in order to operate. Companies like the entire pilot car industry as well as specialized equipment manufacturers that cater to and service the industry. Over the past few decades we’ve learned that the pilot car industry can be very flexible as well as resilient and can recover from freight shortages pretty quickly considering. Whereas the heavy haul industry suffers much longer from a short term financial blow as equipment costs add so much more money to a companies operating costs and overhead.

Freightliner tractor for equipment transporting.

So what do we think about 2016 and freight volumes?

In general we think 2016 will be a difficult year for this area of the specialized trucking industry. While we’re not predicting record breaking highs in freight volumes it is our general thought that 2016 will bring some much needed relief as existing construction projects are already on the table. Companies that wish to have this work will need to brush up existing advertising as well as create new avenues.

Here are a few noteworthy items about 2016 freight volumes:

  • Existing wind energy jobs in WY, KS, OK and East TX will continue. However, quite a few projects are now being built in other parts of the world as well as sea. This hurts us as far a wind energy equipment shipping goes.
  • This is an election year and consumer spending is down so far. Another issue is the candidates. Nobody is real certain where the candidates will be as far as decision making once someone is elected. You know just as well as us these candidates will say anything to get elected but once in office have a whole new story. It’s hard for companies that create huge projects to forecast what their capabilities are for new construction projects. So not a lot is expected to hit the table for this year. This hurts us as well.
  • The US has too many heavy equipment surplus items that need to be sold. That heavy equipment will come up in the auctions this year so shipping from the auctions to the ports will be good in 2016 with the over all freight volume getting some help from this area.
  • The US government has a huge inventory of old surplus airplanes and parts in the Arizona desert. Much of this equipment will be sold this year which will also help the over all freight volumes.

It’s going to be another tough year folks. The companies that will earn the most money in 2016 are the ones that are advertising savy.

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