Jan 08, 2021 • Carriers

How to Grow Your Hard Earned Money in Trucking

How to Grow Your Hard Earned Money in Trucking

There are at least 3 ways to “grow” one’s hard earned money in trucking:

1. earn more for what you do as a trucker;

2. earn a second income from the cab of one’s truck; and

3. put your money in an investment that lets it grow while you’re driving.

The majority of truckers are paid by the mile or by the task, meaning that they are trading their time for money.

There are a lot of “time wasters” associated with trucking, including:

detention at shipper and receiver locations;

waiting for loads;

road construction;

bad weather and storms;

bottlenecks and congestion;

mechanical breakdowns;

accidents (both preventable and not preventable); and

time that the Hours of Service regulations force truckers to wait without getting paid.

Seek to reduce or eliminate as many of these time wasters as possible.

Regarding earning more money for what you do, you can:

make yourself available to drive during all hours when you legally can drive;

develop a good relationship with those in your trucking company who assign loads, including your driver manager;

develop good relationships with mechanics in your trucking company’s shop, so that they will perform maintenance or repairs on your truck in a timely manner;

be friendly with everyone with whom you come in contact, including guards and lumpers;

work for a trucking company that values your experience and will pay you accordingly; and

perform with excellence all of the tasks assigned to you, so that you will develop a good reputation and be worthy of getting more miles or being assigned higher paying tasks.

Seek to pay off all that you owe as you buy things, so that you don’t have to pay credit card interest.

If you don’t have a budget, begin by using our “spending diary” (free download) for a minimum of 30 days so that you track where you are spending money.

From there, set up a budget, including what you save.

When the time is right, put your savings into:

either an interest-bearing account of some kind;

or investments that are most likely to grow.

Two ways to save more money as a trucker include:

preparing and eating as many meals as possible in your truck; and

resisting the urge to spend money on non-critical things.

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On behalf of my husband Mike and me, we wish all professional truck drivers safe travels and lots of money saving opportunities on the road.

By Vicki Simons

https://www.truck-drivers-money-saving-tips.com/

TagsTruck Driver truck drivers Owner Operator trucking Trucker Path Trucking Industry Truck driver tips Owner Operators Technology Trucking Tips transportation finances

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Highest Paying Truck Loads [p]Find the highest paying truck loads to maximize your trucking company's earning potential. [/p] [h2] Highest Paying Truck Loads [/h2] [p] Hauling the highest paying truck loads is essential to running a successful trucking company. <a href="https://truckerpath.com/blog/truck-freight-rates/">Truck freight rates</a> are based on the current market, therefore there is a week-to-week fluctuation of what a truck load is paying. [/p] [h2] Using Free Load Boards [/h2] [p] Free load boards like <strong>Truckloads</strong> provide a marketplace where owner-operators and <a href="https://truckerpath.com/blog/trucking-authority/">carriers with trucking authority</a> can search for loads that have been posted by freight brokers. Ideally, you will want to use a load board that has a mobile application as well. This way you can find truck loads anytime and limit those empty miles. [/p] [p] Imagine sitting at the dock waiting to get unloaded for hours (we know you've all been there) and you have over 1,000 miles to travel back home with no load. Wouldn't it be great if you could find a truck load to haul on your way back and earn a little more? [/p] [p]Well, with an app like <strong>Truckloads</strong> now you can. Don't believe us? Just ask one of the 150,000 carriers who use the app and rated it the highest-rated mobile load board on Google Play and the App Store![/p] [android-img src="/uploads/2017/09/Screenshot_20171116-110521-1.jpg" alt="My image"] [h2] Finding Truck loads - Location, Location, Location [/h2] [p] We all know that it's all about location in real estate and it's no different for finding truck loads. The location of a truck load plays a crucial role in determining how high the truck load will pay and often times, it may not be nearby. [/p] [p]You might have to be willing to increase your <ahref="https://truckerpath.com/blog/what-is-deadhead/">deadhead miles</a> in order to find the highest paying truck load. If you have a reefer truck, you can find the best reefer truck loads by focusing your search for locations where there are heavy volumes of agriculture such as Florida, California, and Texas. [/p] [h2] How are Truck Load Rates Calculated? [/h2] [p]Truck load rates are calculated based on a variety of factors of the current market conditions. This includes: [/p] [ul] [li]Load-to-Truck Ratio in an Area [/li] [li]Weight and size of a truck load [/li] [li]Shippers willingness to pay[/li] [li]Type of goods being hauled[/li] [li]Time constraint and a variety of other factors[/li] [/ul] [p]The truck loads posted by freight brokers are based on the amount the shipper agrees is fair to move the load. You must remember that the freight broker is paid based on his or her ability to profit from the price agreed with the shipper and the price agreed to the carrier. Therefore, there is ample opportunity to negotiate for a higher truck load rate, especially when the conditions of the market are in your favor. [/p] [h2] What is the Highest Paying Truck Load? [/h2] [p] On average, <strong>flatbed loads </strong> have the highest rates. Flatbed trucks are used as truck freight for construction goods, large manufactured parts, and various oversized loads. Due to the sheer size and value of such parts, shippers are willing to pay a bit more to ensure the freight is delivered without a scratch. (This isn't always the case but is based on typical averages). [/p] [p] An oversized load is any truck freight that is over 8.5 feet wide. This type of truck freight requires red flags and lights to help identify the oversized truck freight on the road.[/p] [video id=snyBYpnuhWw] [h2] Truckloads Load Board Offers: [/h2] [ul] [li] Mobile app and web versions [/li] [li] Over 3 million monthly truck loads [/li] [li] New loads posted every 60 seconds [/li] [li] Truck loads for 11 different equipment types [/li] [li] Custom searches by location, deadhead, and date [/li] [li] Unlimited access to premium loads [/li] [li] View a freight broker's credit score and days to pay[/li] [li] 100% Free to use and book truck loads! [/li] [/ul] [button text="Try Truckloads for Free" href="https://truckerpath.com/truckloads/free-load-board/?utm_source=Blog&utm_medium=truckfreight&utm_campaign=Aug10" width="250px"]

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