New O/O
Discussion in 'Ask An Owner Operator' started by HaglerFan, Nov 10, 2024.
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Being fairly new as a O/o for a little over 2 years. However, your situation is different because your Truck will be paid off and new. Mine is new but I'm still paying it off. I had over 28 years experience and now over 30 years driving but insurance was a huge issue in 2022 even with my experience and previously being an O/o back in the late 90's but let that Authority go. Insurance now in the last 2 years has gotten worse. As for the Freight market it's still stagnant but slowly getting better. I don't think it will be the best until early 2026. If you have capital on hand be prepared to lose 25% of it due to changes. However, in a year or so that can also increase to a 40% profit as well. Even with my capital investments I'm surprised I'm still here but still trying to stay afloat.
D.Tibbitt, blairandgretchen, Oxbow and 2 others Thank this. -
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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