Best Pay Trucking Companies 2020

If you’re looking for the best-paying trucking companies in 2020, you need to know which carriers offer top dollar for your experience and lifestyle. This guide breaks down the top earners, what they pay, and how to get hired. We’ll cover both company drivers and owner-operators, with realistic figures based on industry data and driver reports.

Top Paying Companies for Company Drivers

These companies are known for paying above-average rates for experienced drivers. Pay varies by region, experience, and type of haul, but these are solid benchmarks.

1. Walmart Transportation

Walmart consistently ranks among the highest-paying carriers. Company drivers can earn $80,000 to $110,000 per year, with some experienced drivers making more. They offer a predictable schedule, modern equipment, and excellent benefits. However, they require a clean record and often prefer 2+ years of experience.

2. Sysco

Sysco, a foodservice distributor, pays drivers $75,000 to $95,000 annually. The work is physically demanding (delivering to restaurants), but the pay and benefits are strong. Expect local routes with early starts. They hire drivers with 1-2 years of experience and a good safety record.

3. UPS Freight

UPS Freight (now part of TForce) offers union-protected wages. Drivers can earn $30 to $35 per hour, translating to $70,000 to $90,000 per year with overtime. Benefits are excellent, and the union provides job security. Experience requirements vary by location.

4. ABF Freight

ABF Freight is another union carrier with strong pay. Drivers earn $28 to $33 per hour, averaging $70,000 to $85,000 annually. They offer a mix of linehaul and local work. ABF values experienced drivers and offers a solid pension.

5. Old Dominion Freight Line

Old Dominion is a less-than-truckload (LTL) carrier known for high driver satisfaction. Pay ranges from $70,000 to $90,000 per year, with home daily or weekly options. They have a strong safety culture and modern fleet. Experience of 1-2 years is typical.

6. Schneider (Dedicated Accounts)

Schneider’s dedicated accounts pay better than their OTR divisions. Drivers can earn $65,000 to $85,000 per year, with predictable home time. They offer tuition reimbursement and a comprehensive benefits package. Entry-level drivers may start lower, but dedicated routes are a step up.

Best Paying Companies for Owner-Operators

If you own your truck, you need to look at revenue per mile and support. Here are companies that offer good rates and fair contracts.

1. Landstar

Landstar is a freight brokerage that connects owner-operators with loads. Average gross revenue per mile is $2.00 to $2.50, but you pay for fuel, insurance, and maintenance. Net income can range from $100,000 to $180,000 per year, depending on your efficiency and market. You need your own authority or lease through them.

2. Prime Inc.

Prime offers lease-purchase programs and a fleet of owner-operators. Their average revenue per mile is around $1.80 to $2.20. After expenses, net income can be $80,000 to $120,000. They provide fuel discounts and maintenance support, which helps new owner-operators.

3. Mercer Transportation

Mercer is a small carrier that treats owner-operators as independent contractors. They offer 85% to 90% of the gross load revenue. With good freight, you can gross $200,000 or more, but net depends on your costs. They have a good reputation for fair treatment.

How to Maximize Your Pay

Getting hired is only the first step. Here’s how to boost your earnings.

• Negotiate your pay: Many companies have wiggle room, especially if you have experience or a clean record. Ask for a higher starting rate or a sign-on bonus.
• Choose the right lane: Dedicated routes and LTL jobs often pay more than OTR. Look for local or regional positions that offer consistent miles.
• Minimize downtime: The more you drive, the more you earn. Avoid carriers with long layovers or poor dispatch.
• Track your expenses: If you’re an owner-operator, keep meticulous records to maximize tax deductions and understand your true profit.
• Stay safe: Accidents and violations can raise your insurance rates and hurt your earning potential.

Comparison Table: Top Paying Companies at a Glance

Company	Type	Average Annual Pay (Company)	Revenue per Mile (O/O)	Home Time
Walmart	Company	$80k-$110k	N/A	Weekly
Sysco	Company	$75k-$95k	N/A	Daily
UPS Freight	Company	$70k-$90k	N/A	Varies
ABF Freight	Company	$70k-$85k	N/A	Varies
Old Dominion	Company	$70k-$90k	N/A	Daily/Weekly
Landstar	Owner-Op	N/A	$2.00-$2.50	Varies
Prime Inc.	Owner-Op	N/A	$1.80-$2.20	Varies
Mercer	Owner-Op	N/A	85-90% of load	Varies

FAQ

1. Do I need experience to get a high-paying trucking job?

Most high-paying carriers require at least 1-2 years of experience. Some, like Walmart, may accept less if you have a clean record and good training. Entry-level drivers can start with companies like Schneider or Swift, then move up after a year.

2. What’s the difference between gross and net pay for owner-operators?

Gross pay is the total revenue you earn from loads. Net pay is what’s left after expenses like fuel, maintenance, insurance, and payments. Owner-operators often gross $150k-$200k but net $80k-$120k. Always calculate net before committing.

3. Are union carriers worth it?

Union carriers like UPS Freight and ABF offer higher pay, better benefits, and job security. However, you may have less flexibility and pay union dues (usually $50-$100/month). For many, the trade-off is worth it.

4. How can I find current pay rates?

Check job boards like Indeed, TruckersReport, and company websites. Also, talk to drivers at truck stops or online forums. Pay rates change, so verify before applying.

The Bottom Line

The best-paying trucking companies in 2020 offer strong pay and benefits, but they also expect experience and a clean record. For company drivers, Walmart, Sysco, and UPS Freight top the list. Owner-operators should consider Landstar or Prime for good rates. Remember, your actual earnings depend on your choices: negotiate, pick the right lane, and manage your costs. Do your research, apply to multiple companies, and don’t settle for less than you’re worth. The trucking industry rewards those who are proactive and smart about their career.