There are numerous other features that may also cause the price to go up. Many of the larger companies have mastered marketing and at peak times have more jobs than they can deliver. Have your drivers completed their DOT physicals? Message address for … Fuel costs are the number one expense aside from paying yourself and your employees. Medium weight trucks will be rated closer to 25,000 lbs (rear) and 13,000 lbs (front), with a few thousand pounds’ leeways in either direction. The overtime ranges from $15.54 and $29.78. Dump truck can haul up to 12 cubic yards. The  US Small Business Administration can provide resources for new business owners. Not only do these tools make your life easier and your operations more efficient, they will also improve your bottom line. (Hooper & Murray, 2017)  This data shows the total cost to operate one truck per hour equals $63.66. The best-sellers are going to be those who take the time to understand what kind of work you have in mind for the truck. TRUX knows that owning a dump truck is an expensive undertaking. ranks number 1 out of 50 states nationwide for Dump Truck Owner Operator salaries. If there was anything that I missed or you thought I should have included, please let me know by clicking on Contact Us. Remember that most of the time a dump truck is going to be operating at low speeds under heavy loads, making torque a very important consideration. U.S. Bureau of Labor Statistics. Get out there! There will be geographical and economical factors that may affect the totals for your business, but this at least will you a benchmark figure to work with. Certain companies will pay their drivers double the average, hitting about $30 per hour. If you’re dumping loose material on a regular basis, a curved box will help material flow out more easily when unloading, avoiding needless extra work to clean the box. New models, on the other hand, often times sell at over $100,000-150,000. Maintenance and support should never be overlooked when purchasing a dump truck. TRUX pays truckers the week after they perform a job via direct deposit. Just because a dump truck is a much bigger and more industrial vehicle, doesn’t mean that you should treat it any differently in this regard. The weekly cost would be around $3,700 to $4,500, while the monthly rate would run $8,000 to $13,000. The dump truck rental cost would likely range from $1,500 to $2,500 a day. The actual price of the dirt can vary depending on the type. On the other hand, if you’re looking for a medium-duty vehicle for smaller, less demanding jobs, your price point will likely fall closer to $60,000, with some used or more sparsely appointed models going as low as $21,000. What types of brakes are installed? See. GPS Fleet Tracking Software, Find Dump Truck Dealers Near You and Compare Up To Five Money Saving Quotes, A 2017 International Workstar 7500 dump truck with 370 horsepower Sold for, A 2005 Mack Granite CV713 Dump Truck 10 Spd Granite Tri Axle sold for, A used 1999 Peterbilt 357 Dump Truck 8spd 357 Series sold for. There may also be hourly tips and overtime. Managing a multi-million-dollar operation is not for everyone but can be lucrative if you have the right tools in place. The operating costs can be high and fluctuate with the price of fuel. An Analysis of the Operational Costs of Trucking: 2017 Update. The dump truck industry is heavily reliant on residential and commercial construction and vice versa. One of the hallmarks of the Volvo brand has always been reliability, and that extends to the dump trucks that it manufactures as well. Again, this is a cost analysis, so your profit margin must be added to this figure for your business to be viable. In any case when you buy new, and even sometimes when you buy used, the seller will be your primary repair contact, so it pays to find out what their repair and support coverage policies are like. Dump truck companies pay drivers on average $15.57 per hour. At the bottom of the page, you can request an Excel version of the spreadsheet so you can plug in your own numbers. If you’re in the market for a new heavy-duty dump truck in 2021, you should probably be prepared to budget between $6,790 (used) – $71,080 (new). Try different speeds, take it up some hills, and (carefully) take it off-road if that is where you’re going to primarily be using it. 2007 Chevrolet C8500 Tandem Dump Truck sold for $69,000. In the case of an owner-operator, you will need: A small company can get away with keeping some records on paper. Hooper, A., & Murray, D. (2017). Natural sand will typically cost less than specialty sand. You will need a commercial driver's license, and there are the usual running expenses including vehicle tax, insurance and fuel. Although these two factors are both very important in finding a truck that will meet your needs, there are a few other things you may want to consider to make sure that you get a long-lasting vehicle that will prove a good investment for your operation. When it comes to gravel, an ideal average is about 3,000 lbs per yard. How much gravel is in a dump truck? Trucks such as the Caterpillar 740 Ejector and Volvo A25 are examples of this class. Other factors to consider when buying a dump truck include: Not all dump truck sellers are created equal. Talk with these large companies and see if you can help them as a sub-contractor. The future looks bright! The average commercial dump truck can haul anywhere from 10 to 14 cubic yards of dirt. Now, a truckload of dirt is a lot of dirt, so you would only need that much dirt for certain projects. If you are an owner-operator with a single truck, your needs may be more modest than when you have numerous trucks. There is money to be made operating a dump truck company. In a highly competitive market, using technology tools like telematics and dispatching software can give you a competitive edge over more antiquated business models. Calculate the cost of transporting the load. determined, Dec 28 , 2020 ... What do you figure your cost to be with loader and truck. For example, Ace Hauling, a company we found online, charged $575 for a 13 to 16 cubic yard truck to take the dirt away and dump it, according to the website. An owner must figure out how much it costs him or her to operate his or her truck per hour to know what to charge clients per hour of service. Operators that are experienced and reliable can be hard to come by, so selling oneself as a good operator increases the likelihood that contracts get signed. 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