* Texas - Falling fuel prices drive down variable costs, boost truckers' bottom line
-- The average net income for owner-operators was $61,167 in 2015, according to data collected and analyzed by financial consulting firm ATBS. This is the first time that owner-operators have earned an annual average income of $60,000 or higher, and ATBS suggests the increase in income is positive news for both truckers and carriers, who have recently seen a shortage of available drivers... Changes to drivers’ cost structure were the greatest contributor to the increase in net income. While fixed costs actually increased by 0.9%, variable costs were down by a whopping 26%, ATBS reported... Specifically, the cost of diesel fuel dropped dramatically last year, and lower fuel costs had a tremendous impact on drivers’ variable costs. Fuel per mile costs were down 32.7% compared to 2014... But despite driving more miles in 2015 and with lower variable costs, drivers saw a lower total revenue in 2015 over the previous year. Revenue per mile was down 9.9%, gross revenue was down 8.4%, while total miles driven was up 1.8%. This lower revenue is primarily a function of fuel surcharge reductions, Amen notes...
(Photo: Trucker thumbs) -- Houston, TXS, USA - Fleet Owner, by Kevin Jones - Apr 20, 2016Labels: truck drivers payment, trucking industry news USA
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