LAKEWOOD, Colo. — The average owner-operator net income in 2018 exceeded $65,000, says American Truck Business Services (ATBS).
The figure is based on an analysis ATBS conducts after collecting data from its owner-operator clients.
The $65,000 average is an increase of 8.6 percent increase over 2017, ATBS said, at the same time noting that 15 percent of its clients earned an average net income of $100,000
Based on the data collected last year, the average owner-operator annual net income in 2018 exceeded $65,000 which is an 8.6 percent increase over 2017. Furthermore, 15 percent of ATBS clients earned an average annual net income of over $100,000.
“It was a record year in many areas and a great year to be an owner-operator,” says Todd Amen, president and CEO of ATBS.
Amen urged owner-operator truck drivers to attend the following conference call to learn about the results of the 2018 benchmarking study.
The call will be held Thursday, March 14 at 12 noon EDT.
During the conference call, Amen will provide insight on the analysis of the overall owner-operator population, miles driven, net income, fuel mileage, freight rates, and answer questions including:
- How much did the owner-operator population grow in 2018?
- What was the bottom line impact of ELDs on owner-operator miles, rates, and fuel economy?
- Why have spot market rates dropped so much and what does this mean for owner operators?
- What is the outlook for 2019 for owner operators?
ATBS has provided consulting, tax, and bookkeeping services to over 150,000 owner-operators since 1998. Since 2003, ATBS has been able to track and analyze financial trends in the trucking industry as a result of working with owner-operator clients.
For more information, visit www.atbs.com.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.