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owner operator question

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my question is, is it worth it?



i get out of the service here in less than a year. i plan on going to a 3 year diesel tech program in northern idaho. i am trying to figure out what i can do on the side to help supplement my govn't money. would it be worth the investment in a late 70's to late 80's truck?



if it is what to look for in a truck and wat to look out for. engine, trucks, models, ect... .



anything you have to say will be helpful. i have a year to get this all figured out, so shoot.

thanks Nick
 
My dad has been driving truck since the mid 80's. Started out to suplement the farming income (or lack thereof). Now since about '95 he's been running full time OTR, always for someone else. Almost everyone that he knows that WAS a Owner Operator, now drives for someone else. According to him it is real hard to make $$$ as an owner operator and compete against the big companies.



The only ones I know that are still owner operators are farmers that use the rigs on the farm, and run OTR with it in the off season... .



My $. 02
 
Ever since Reagan de-regulated in the early 80's owner-operating is a thing of the past. Used to be the way to go, but, not anymore.
 
On another note. If you want to drive truck & are looking to lease on with a co. most have standards as to how old a rig they will employ. Like what has already been said, tough making it as an owner operator these days. I've been driving for someone else for 29yrs now, & like not owning a bolt in the thing. When I slam the door at nite go home & don't even think about the job.
 
hm,

not sounding too good. wont i have trouble trying to get on part time, beins that i want to be going to school at the same time? that is kinda why i figured i needed my own rig. cause i would be coming into this with 0 experience. i love driving though. was hoping to make something of it and pad the ole income. i am only 21 as well, so i think its going to be hard to get any kind of cooperation from anyone.



then of course you can turn the thing into a toy later right? :D
 
I must be a thing of the past. I am a proftable owner operater and make a darn good living doing it. but it's not for everyone it's hard work not a game if you want to last try trucknet.com for a discussion with class 8 truckers of all kinds even from europe and aussi land. many of our members on that site also.
 
I doubt if you could even get hired as a driver. Do you have any class 8 driving expierience? If so, do you have a valid CDL (Commercial Drivers License)? Any driving school certificates? Then there is the ever popular log book proficency.



If you were to get hired as a company driver, you would more then likely wind up at an outfit like Swift. You would start out teaming with another driver. You would be paid salary, about $350. 00 a week gross. Normal training period of 4-8 weeks. You will drive your but off for around $200. 00 a week net pay.



If you were to go out and buy a rig. You should get as new as possible, say 1997 or newer. Pay cash if you can, if you can't, get as low as a payment as you possibly can, and I mean LOW. The place I am leased to requiers 96 or newer. To lease on to a company, they usually require 2+ years OTR expierience. This varies though, you may only need as little as a year, but I would say that is rare.



Now, you can get your own authority, but you will more then likely have trouble affording the insurance. If you can even find anyone to insure you at all. I say this assuming you have little or no truck driving expierience in the states. If you drive in the military you might get some leway, but I doubt it. Then there is your permits and plates, this varies by state and where you plan to run. I looked at getting my own authority, I was looking at around $10-15,000 a year in insurance and fees. That is before I even got into the truck. Figure $1000. 00 a month right off the top, before you even buy a drop of fuel or make a truck payment. And remember, we buy fuel in the HUNDREDS of gallons on a weekly basis.



If you do get your own authority, you will have to find your own freight. Not as easy as it sounds. You will more then likely have to use a Broker, and we don't call them Brokers for nothing. The wrong one can ruin you in a heartbeat, and you will be lucky to have any kind of recourse.



It will cost an average of . 75 cents a mile to run a truck before you get paid. This could be higher or lower, depending on which part of the country you will be operating in. You need to figure for: Taxes, Truck Payment, Fuel Costs, Tolls, Insurance, Permits, Plates, Maintainence, food, toiletries, laundry, coffee, smokes (if you do), etc... .



All of this stuff adds up quick. But, we do have allot of write offs, you just have to make enough money to afford to keep the wheels turning to take advantage of this. If your broke down on the side of the road with $25 to your name, you have just been written off. This is a tough racket, and it is a racket. Everyone will try to screw you, or make you do something your not up to. This is not a profession for the weak of heart.



Your biggest obstacle will be the insurance industry. They have pretty much slammed the door for a new driver to make a living wage. Trust me on that, been there done that. Been doing this for 15 years, and it ain't getting any easier out there.



You would probably be much better off as a mechanics helper in a shop you think you might want to work at near the house. Some shops will even help pay your tuition and you get some real world heads up training. I would not recommend trucking to anyone. I was forced into it. I used to be a nurse, but went through an ugly divorce. Long story, but I wound up having to leave the state, I needed a job and a place to live. Trucking gave me that to the point that is all I know anymore, backwards and forwards. But it paid off in the end. I drive 10 hours a day, 5 days a week, and make more then I would in the medical racket, and yes it is a racket.



Mike
 
thank goodness i asked... .



this almost sounds like you have to be up and running in some other proffesion so you can take the hit of the first to several years in the beggining before you can make anything of yourself. hmm.....
 
A year ago I got out of truck mechanics and bought a daycab pete and started pulling belly dump. I made really good money (2000 a week after expenses) and rarely had a breakdown. However, with the delay in getting my check, it got really tight for a while. I'd say minimum 5000 startup cost with licensing and insurance. I now have my own authority and insurance, and should have my own trailer soon. I changed to a sleeper truck and run regional now and still make the same money. I could have leased on to someone but then you are at their mercy on where you go when and I didn't want that. Biggest thing is buy a good truck. There are good ones out there for not a lot of money, but you gotta find one. If you buy a bad one you'll never get ahead cause repair costs can sink you.
 
I have my own authority. I wouldn't drive or be an O/O any other way. I charge a huge amount for outbound and I broker back to anywhere close to this area. Once you figure out your cost per mile NEVER dip below that. Fudge it up a little to cover the occassional DH. Get a laptop and be your OWN dang broker. Those people ARE NOT special! They couldn't do what we do if they wanted to, but we can learn to broker freight!:D



Paid cash for tractor and trailer when I was just startin out. I never had a truck payment!



Oh, and the customer pays for all his or her OWN dang fuel! When the fuel price goes up, the freight rate goes up. When the fuel price comes down, the freight rate STAYS up!



Brian
 
what about the construction and rock quarrie side of things? asphault, rip rap, and gravel. is there any more slack cut on that side of things?
 
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