Power Up Your Dump Truck Business and Join a Hot Industry

Become a Dump Truck Driver & Make Huge Returns On Your Investment

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Now is an advantageous time to start a dump truck business. The dump truck industry is very profitable and growing at a fast rate. If you decide to venture into this profit-potential industry, you will likely make huge returns from your investment. Many ongoing construction projects occurring throughout the United States make this business venture lucrative. By 2025, the U.S. dump truck service market is expected to reach $20.64 billion, and that’s just for mining and construction projects on a significant scale.

Advantages of Being a Dump Truck Driver

There are several advantages to becoming a dump truck driver.

• Pay rate: A dump truck owner-operator can earn anywhere between $40,000 – $197,000.

• Local work: Many jobs that dump truck drivers accept are hauling loads from one place to another within a 20-30 mile radius.

• Enormous opportunity: New drivers and experienced drivers will find many options available for good-paying work.

Dump Truck Business Boom – Market Overview

There has been an explosion in the dump truck business in the last few months because of all the fracking happening in the nation, all the bridges being built, and the construction projects across the country. One of the biggest reasons for the explosion in dump trucks is truck drivers are tired of being on the road 24/7. By starting a dump truck business, drivers can be at home every day and still make as much, if not more money, than driving coast to coast.

This versatile industry allows dump trucks to operate throughout multiple sectors, and dump truck operators can run the trucks 24 hours a day if they have a few drivers.

The Future of Dump Trucks with Infrastructure Plan

The outlook for the U.S. construction industry is strong, thanks partly to the current administration’s recently passed infrastructure bill. With massive projects to upgrade roads, railways, and airports, the construction industry is expected to grow nearly 4% annually through 2025, according to market research firm Research and Markets, ensuring steady business for dump trucks. With the current administration’s infrastructure plan, 600 billion will go toward roads, bridges, and airports. Dump trucks will be working hard dealing with dirt, sand, gravel, etc., from construction builds.

Dump Truck Costs

New dump trucks start at around $100,000 but can often cost $150,000 plus. For example, the new Kenworth dump trucks can cost around $200,000. Used dump trucks usually cost between $30,000 and $40,000. Average insurance costs are $6,750 annually. You should also consider these one-time costs:

• Dump truck registration: $1,600

• Marketing materials: $1,500

• Office supplies: $100-$200

• Permits and licenses: $200

• Estimated sales tax: $2,500-$3,000

The estimated initial costs of a dump truck business is about $140,000 for a new dump truck or about $50,000 for a used dump truck.

Commercial Fleet Financing Finance Program for Dump Truck Owners

Commercial Fleet Financing (CFF) offers dump truck operators a fantastic program. The owners need good credit and a 700+ credit score, but they could finance a 20-year-old dump truck. And they would still get 36 or 42-month financing. The program requires three years in business.

We’re offering maybe one or two payments and first and last payment independence from a down payment standpoint.

The beauty of the program is that with older dump trucks, you’re not putting half down. You won’t have to empty your bank account to make money. With over-the-road trucking, it is just the opposite.

Construction Equipment Financing ~ Credit Pre-Approval in Just Two Hours

The CFF team of loan consultants are industry leaders in construction equipment financing because we’re the best-trained team in the industry. That’s why the financing process is so quick and easy.

With credit pre-approval in as little as two hours, loan and lease funds delivered in as little as 24 hours, zero-money-down options, and the most flexible terms in the industry, it’s easy to see why more people choose Commercial Fleet Financing over the slow and cumbersome big banks and credit unions.

Start this easy process now.

Call CFF For Your Dump Truck Financing!

For more Construction dump truck information, please contact us. We will provide professional answers.

Call Commercial Fleet Financing to hear about their great business model to help your company grow and make money. We will help you get your truck on the road fast to build up your business.

Have you heard of the garbage truck law? The law says that many people run around full of garbage – anger and disappointments. As their garbage piles up, they need a place to get rid of it.  This is the reason why dump trucks are made. The moral lesson of the law is: “Life is 10% what you make and 90% how you take!” To put this lesson in reality, dump trucks are a good investment.

Even though they’re associated with garbage and waste materials, dump truck owners know its big profit potential. The market size of the dump truck industry is $19.3 billion and it’s expected to grow by 3.7% this year. Are dump trucks profitable and a good investment? Let’s see.

Startup Cost of a Dump Truck Business

Starting a dump truck business is challenging but there’s money to be made when operating it. We recommend you start with one dump truck first and possibly to be the driver and operator. This is for you to know the ins and out of the business. Plus, you’ll have the chance to pool target contacts and clients. A new dump truck typically costs $100,000 to $150,000. Used dump trucks cost around $30,000 to $40,000. The average insurance cost is $6,750 annually. You’ll also need to pay for the following estimated one-time costs: 

• Dump truck registration = $1,600

• Marketing materials = $1,475

• Office supplies = $150

• Permits and licenses = $200

• Estimated sales tax = $2,700

So, in total, the estimated startup cost of a dump truck business is around $137,875 for a new dump truck or $47,875 for a used dump truck. 

Whether you choose a new or used dump truck, you can get financing assistance to stretch your budget. This can help you further consider the cost associated with operating a dump truck. These include fuel, maintenance, and tires. Dump trucks typically consume a gallon of fuel for every six miles. So, if your dump truck travels 3,000 miles every week, it will consume around 500 gallons. If you’re not familiar with dump truck engines, you should ask a mechanic to inspect it monthly. This usually costs $300 tops. Dump truck tires last between 2,000 to 10,000 heavy rigid hauling trips. This is affected by the operation and work conditions. A dump truck tire costs $1000 and up and each truck may have 4 to 18 wheels depending on their size and type.  

Pros and Cons of a Dump Truck Business

Dump trucks are a profitable and good investment. It’s because removing dirt, gravel, rock, and sand is common among communities. A dump truck is needed to transport these materials to designated sites. Compared to other trucks, a dump truck hauls within a 20 to 30 miles radius. This means the trip is shorter and you can go home daily. You’ll have more family time than that of other truck drivers. There’s also not much fatigue as longer trips. The dump truck industry in the U.S. is also a stable investment. Its hauling service has a steady demand every season of the year. 

There are also downsides in working with the dump truck industry. Dump truck hauling tasks are repetitive. So, it results in boredom and loneliness. After picking up your haul, you’ll get in line on the dumpsite. Then, you’ll wait for it to unload. Afterward, you’ll return to the dig, load up, and wait again. The only human contact you may have during a shift is the traffic hand signal of a dumpsite boss. Another downside is being at work in all kinds of weather. This means encountering the challenge of extreme heat, freezing rains, and mud. There may also be times when the dump truck business is slow. But this normally happens during recessions.

How Does a Dump Truck Business Make Money?

There are two ways for a dump truck owner to make money. The first way is to be the driver of the dump truck to earn a salary. The second way is to lease the dump truck for an hourly fee. Dump trucks are commonly used to haul:

• Bulk construction materials

• Demolition materials

• Dirt

• Garbage

• Gravel

• Mining aggregates

• Mud

• Sand

• Soil

They are also in demand for off-road infrastructure and mining.

The common cost of dump truck services is around $40 to $60 per hour on top of the machine rate. The machine rate differs based on the type of dump truck but can be more or less $150 per hour. For a dump truck driver, the common hourly salary is $18.00 to $19.00. As of October 2020, the average annual income of a dump truck operator is $137,073.

Are Dump Trucks Profitable and a Good Investment?

Indeed, dump trucks are a profitable and good investment. Starting a dump truck business is challenging. But the growing U.S. economy offers a lot of potential income to the dump truck industry. Infrastructure is everywhere. As this industry needs dump truck services, dump trucks can also be anywhere they’re needed. So, if you’re thinking of getting a dump truck, go ahead and reap the profits.

You can find a listing of the best dump truck deals here. Or to check on the latest updates easily, bookmark UsedVending’s semi trucks page. Every day, new units are added to our listing — all are at a good price and in amazing condition.

Are you interested in learning more about Mining dump truck? Contact us today to secure an expert consultation!