The current freight market is as good as it’s ever been, and it’s showing no signs of slowing down. A majority of large carriers that owner-operator business services provider ATBS recently spoke with expect the current rates environment will continue at least through the end of 2022, if not beyond.
ATBS data for 2021 showed a 7.6% increase in gross revenue among its owner-operator clients over 2020, which translated to $11,515 on average.
Download the slides from the PIB presentation via this link.
Times may be good for rates, but average owner-operator net income was only up 5.1%, or $3,476, in 2021 from 2020, according to ATBS numbers presented during the Overdrive/ATBS Partners in Business session at the Mid-America Trucking Show on Friday afternoon.
A number of factors go into why income largely stagnated, and it’s not all bad. Because rates were so good through 2021, owner-operators were choosing to run fewer miles to bring in a comfortable level of income and take more time off the road.
