Dump Truck Industry Data and Statistics

statistics Feb 21, 2024

Labor Shortages

The trucking industry, as of 2024, continues to face persistent labor shortages. There is a transformative process underway, driven by innovative strategies to tackle the scarcity of drivers. Technology is playing a significant role in augmenting driver experiences and integrating truckers with advanced digital tools

Market Growth Factors

Factors driving the growth of the dump trucks market include increased funding activities for infrastructure development globally, integration of new technologies into dump trucks, rising urbanization, and growing mining activities in Asia and Latin America

Overall, the dump truck industry is poised for continued growth, driven by increased construction and mining activities, technological advancements, and evolving labor market dynamics.

Owner Operator Stats

The average salary for dump truck owner-operators varies depending on several factors, including location, experience, and operating costs. According to PayScale, the average salary for a truck owner/operator in 2024 is approximately $99,442 per year, with a range from $45,000 to $241,000. This salary can include base pay, bonuses, and profit sharing. However, it's important to note that this figure encompasses truck owner/operators in general, not exclusively those operating dump trucks.

For dump truck owner-operators specifically, TruxNow highlights that the national average salary sits at around $130,000+. However, there is a significant range in earnings, with the 25th percentile earning around $47,500 and the 75th percentile earning up to $194,000. This variance is influenced by factors such as location, skill level, experience, and truck ownership costs. For instance, costs for insurance, fuel, tires, and maintenance can impact overall earnings.

It's also worth noting that the income of dump truck owner-operators can be affected by seasonal fluctuations in the construction industry, the length of projects, and regulatory requirements. Technology advancements and platforms like Trux can help owner-operators find consistent work and manage their businesses more effectively.

The ethnic composition of dump truck operators and owner-operators in the United States is predominantly White, followed by other ethnic groups. Specifically, for dump truck operators, around 60% are White, 17.3% are Hispanic or Latino, and 13.5% are Black or African American. Similarly, among driver/owner operators, approximately 56.2% are White, 21.6% are Hispanic or Latino, and 12.8% are Black or African American. These statistics provide an overview of the ethnic diversity within these occupations in the trucking industry.

Women

The trucking industry, as of 2024, continues to face persistent labor shortages. There is a transformative process underway, driven by innovative strategies to tackle the scarcity of drivers. Technology is playing a significant role in augmenting driver experiences and integrating truckers with advanced digital tools