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INDEPENDENT TRUCKER * USA: Better paid than employed ones
* California - Independent truckers may have it better than company-employed ones
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-- California truckers who own and operate their own vehicles have the flexibility to set their own hours and can earn more than company-employed drivers, according to a report released Wednesday... The Owner-Operator Driver Compensation 2015 report was compiled by Inland Empire economist John Husing with input from the American Transportation Research Institute... Some have claimed that independent owner-operators (IOO) are underpaid. But Husing said that’s not the case... The report shows that the median annual wage for IOOs in Los Angeles County during the first quarter of 2015 was $40,165 ($19.31 an hour)... The Bureau of Labor Statistics reported that the 2015 median annual pay for employed drivers working 2,000 hours is $40,411 in the combined Los Angeles and Inland Empire markets of Southern California... The report tallies up the various costs drivers must pay to operate their rigs... In 2013, the highest paid independent owner/operators in the top 25 percent of drivers grossed a median annual salary of $171,233 a year. But $40,363 of that went to fuel costs, $11,786 was used for repairs, $7,632 paid for insurance and $5,855 went toward other expenses... That reduced their earnings by $65,636, bringing their median annual net income to $93,290... Taking those same expenses into account, the second highest earning group of independents earned a median annual salary of $63,929. The next 25 percent of IOOs cleared $48,296 a year and the bottom rung earned just $31,239 a year... Those earnings are largely a reflection the number of miles driven... The top earning tier of independent drivers who netted $93,290 a year drove 160,989 miles to earn that income. By contrast, the lowest ranking earners drove 101,428 over the course of a year...
San Gabriel, CAL, USA - The San Gabriel Valley Tribune, by Kevin Smith - 14 Oct 2015
Labels: independent truckers, owner operators
posted by Unknown @ 5:35 AM
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