Can I rent a truck and make money off the load boards?

No!!!!!!!!!1

 

I also called Ryder about leasing a truck and they only lease on to a company who accepts the leases, they will not lease to an individual. The rent rate was really expensive, seemed like it was around $940.00 a week. I don't know what that price included, like the insurance. You would also have to have a trailer, unless hauling for a company who provides it, and would have to carry cargo insurance and trailer insurance unless that said company provided it.

Why not just go company for a year with a mega carrier, learn the ropes some, this gives you a chance to learn the roads, the route solution most use dictate what roads you are to take and where to fuel at. Only after a year or so, lease. It is a hard business, in my opinion for a new person to just jump into, and soon it will be winter.

Stay away from carriers like C R England, you will go bankrupt there.

Other than husband not liking the lightweight trucks for company drivers, he did pretty good as company at Prime. We at least did not have negative paychecks. The trucks are governed, and they expect it to make the fuel mpg's. There training pay is pretty good also, as long as you don't get too many advances. It is better to have as much food you can fix yourself inorder to keep expenses down.

He did go back to leasing though. It is a dog eat dog business and the truck pretty much has to roll. He is able to take off a few days when he does come home. The last time he was home he was off for about 2 1/2 days, was a -$475.00 on the settlement, made it back up the next week.

 

It is possible, but your per mile costs will be higher than someone who owns (or finances) his truck. Rates are high enough at the moment that you could make money, but when rates go down you'd be the first unable to compete.

You will have a very hard time finding an insurance company to cover you as a brand new driver and if you do, the rates will be very high & you'll be limited in what and where you can haul.



Now you can't just get a cdl, rent a truck, & start pulling loads. You'll need to get your authority, permits, etc. Here was a similar thread: http://www.thetruckersreport.com/tr...257812-mc-numbers-insurance-im-lost-help.html

 

I been wondering the same thing.I drive by a salem tractor every morning.
Its a daycab parked in front of house.I come home and he/she is back in.
This has been going on for a while.
Maybe its a company gig renting for this driver,but he/she has sweet hrs.
pulling intermodal.

 

It is possible to rent a tractor and trailer and make money. With that said I don't think using load boards is way to go. I haul cherries locally then haul pears out of Yakima to Vancouver. Pears pay $1,000 a round. Renting tractor costs me $1850 month and flatbeds (doubles) run me $1400 month. Last year cleared about $35,000 for 4 months. Just got to find a nich that pays good. You do need you to own authority, if want just fruit / exempt loads all you need is a dot number (Free). For insurance check Progressive

Ryder is most expensive place to rent, for a big chain try Pac Lease (Kenworth and Peterbilt)

 

I used PAC 1st year did it, now use a small independent shop. Trucks are old but prices are better, I still use Progressive. They will insure anybody for right amount of money, but you have to stay in 500 miles radius most of time. Progressive is one of few who will write a 6 month policy.