Highest Paying Owner Operator JobsIf you own a truck, you are probably wondering which companies pay the highest wages for owner operators. If you don’t yet own a truck but are considering making the purchase, you might wonder whether the increase in pay is worth it. Keep in mind that being an owner operator gives you a great deal of freedom, but it also comes with increased responsibilities. Here is what you should know when looking for the highest paying owner operator trucking jobs.

Pros and Cons of Becoming an Owner Operator

If you haven’t yet purchased a rig, remember that it is not all about the money. Owner operators also get a lot of independence and flexibility, including the ability to make your own schedule (within the constraints of shipment deadlines), as well as to choose your loads and decide who you want to work with.

However, your obligations will also increase. In addition to driving, and possibly loading and unloading, you will have to set up your own contracts and maintain your truck. You will be held accountable for any mistakes, and you will always have to think about how to build your brand and grow your business. Startup costs can be high, though funding options are available.

Top 10 Highest Paying Owner Operator Truck Driving Jobs

The trucking industry continues to experience explosive growth, and companies of all sizes in all geographic locations need new owner operators. Which company to choose is an intensely personal decision, but here are 10 of the companies that pay the best:

CDN Logistics: Paying $1.05-$1.75 per mile along with extensive bonuses, CDN Logistics is one of the best paying and fastest growing companies in the industry. The company also offers paid two-day training, paid layovers and detentions, flexible home time, and weekly pay, as well as a long list of discounts and an open-door policy for management. If you don’t yet own your rig, CDN Logistics has an excellent lease purchase option.

Covenant Transport: Covenant Transport’s owner operator program is fairly new, and the company is aggressively recruiting. Solos are paid $1.40 per mile, with a $5000 sign on bonus and 2300 guaranteed miles per week. Teams are paid $1.50 per mile, with a $10,000 sign on bonus and 4000 guaranteed miles per week. Covenant Transport has long been known for its commitment to its drivers, and now is an excellent time to get in on the ground floor of the new program.

Crete Carrier: Crete Carrier began as an all owner operator company in 1966. Though the company now also hires company drivers, it remains incredibly loyal to its owner operators. There are a variety of pay packages from which to choose, from flat rate mileage to percentage of gross load revenue. The company also offers a number of benefits and special discounts, as well as a common sense truck purchase program.

CRST Expedited: CRST Expedited boasts 50 years of industry experience, and the company is passionate about supporting its owner operators. Those who already own their rig make an average of $1.60 per mile, while those in the extensive lease purchase program earn 70% of revenue plus a fuel surcharge. Experienced owner operators can earn additional money training new drivers, or even turn their solo operation into a team through the Train Your Partner program.

Hogan Transports: Family owned for 100 years, Hogan Transports is deeply committed to all its drivers, including its owner operators, with highly competitive pay and fuel surcharges. Full benefits, dedicated runs that match your individual needs, and the opportunity to amass as many miles as legally allowed make Hogan Transports an excellent choice for both new and experienced owner operators.

Hornady Transportation: Hornady Transportation has been in business since 1928, and the company offers a number of advantages to owner operators. You will earn 70% of revenue, Stop Off, Tarp Pay, COD Collection, and Detention, as well as a 100% fuel surcharge. Home on weekends and paid weekly, you will also receive full benefits and a variety of discounts. A rapid lease purchase program is available.

Hub Group: Hub Group is dedicated to work-life balance for all its drivers, including its owner operators. About 95% of owner operators are home every night, while the rest are home at various times during the week or on weekends. Top pay and fuel surcharges, a variety of bonuses, extensive benefits and discounts, and weekly pay make Hub Group an excellent choice.

Schuster Co.: Schuster Co. is equally dedicated to its company drivers and its owner operators. Expect highly competitive pay, a wide range of bonuses and incentives, full benefits, and paid time off. In addition, Schuster Co. takes driver wellness seriously. From free biometric screenings to free health coaching and fitness classes, it is easy to stay healthy on the road.

USA Truck: USA Truck is committed to helping its owner operators grow their business. Choose between mileage pay at $1.05 per mile or revenue pay of 65% plus fuel charge surcharge. Self-dispatch, bonuses, and an extensive lease purchase program make USA Truck a top choice for owner operators.

Ready to Get Started?

If you are in the market for owner operator trucking jobs, CDLjobs.com is your one-stop resource. Simply apply today, and watch the offers roll in from trusted trucking companies around the country.