there's just wayyyyyyyyyy too many to list. and it wasn't just the truck either.
but i'll say this. the freight out there for what i haul doesn't pay enough to fix a truck. you stay out running HARD for 3 weeks. then donate that entire income to the shop where the truck resides for the fourth week. that 4th week payment has to be made even though the truck is in the shop for the whole week. so when truck IS back on the road. it has to catch up 2 weeks of payments.
18 months ago we had no problems keeping trucks moving. we couldn't keep up with the brokers.
today. we can't find loads for the trucks that pay better then $1.00 per mile.
and the worst part of the year is 3 months away.
your right i sound harsh and negative. becuase i speak from experience. i'm the second person on this board to do so.
you think that becuase you have a business plan that you are golden. and i'm telling you that your business is nothing more then a dream on paper.
you can prepare that business plan all you want. you can say you have all the experience of being in trucking. your father being an o/o of 40 years ago. he got started when fuel was cheap. repairs were cheap. trucks were built with quality. frieght paid good. and government regulations didn't much exist like they do today.
trucking today isn't the same. fuel at $4.00 plus per gallon. electronic engines that aren't worth a crap. freight pay is lousy. and the government controlling us. and how many companies have closed shop during these slow economic times????
you need capital to survive. so that when your truck breaks down. you can still pay the bills. you also need a truck with an engine that isn't a problem child. so that you can build on your capital instead of spending it.
i'm not saying you can't do it. i'm saying that the odds are stacked against you.
i've been reading this forum for 5 years and i've seen a lot of people come and go.
the company i work for. had a 3 year contract that paid very good. but that only lasted 2 months. the odds have been against me and the company ever since.
i drive a 05 w900 with an isx 450. i started at 950k miles. it was a darn good truck. nothing was wrong. at 1.15mill miles things started breaking down. it all started with some minor cosmetics and an oil change at kenworth. $500 i was looking at. 24 hours later it was at $3000. for parts i DID NOT authorize. becuase i was out riding my motorcycle and didn't answer the phone.
5 days and 25 phone calls for one thing after another. i told them to put the darn thing together cuz the truck needs to be on the road. 5 minutes on the road the engine light came on. and the truck shut down. 3 months and $8000 for shops and road calls. someone finally found the problem. during that 3 months. the clutch went out. 3 weeks later the clutch went out again becuase the wrong size clutch disc was installed. warranty work so it was free but the truck was down for a week. the truck also got 10 new tires becuase it's safety inspection blitz across the country. after 3 months. the engine has an oil leak. shop washes engine to find the leak. but truck won't run. they find the electrical problem i've been fighting for 3 months. FINALLY, that problem is solved. but now i'm getting a pan gasket. truck still leaks. so the pan gasket gets replaced again. truck still leaks and i'm told it's the front cover. kenworth wants $3500 to take the cover off and mill it.
MILL THE COVER INSTEAD OF REPLACING WITH A NEW ONE. which woulda made the bill cheaper.
2 weeks later the turbo goes out. $500 for one hour diagnostics. $3000 for reman turbo, $1000 labor. went to antoher shop and paid $150 for labor and had the turbo completely rebuilt for $1500. 3 weeks later a plate goes bad. typical for the turbo. so the turbo was warranteed. truck down another week. now there's a heavy duty plate. supposed to make the turbo better then original specs. 6 weeks and still no problems with turbo.
now comes a dead cylinder, and smoke out the exhaust. had to drop the trailer and bobtail back for a loaner truck. $400 to fix problem. plus company did a oil change cuz there's 2 gallons of fuel in the oil. another $200. company took to a different shop i never heard of. never did hear what the problem was. but the truck DOES NOT LIKE THE COMPANY OIL. for lots of reasons. i haul a load. get to my delivery. and engine was soaked in oil. and now the rear main is leaking. 3 gallons to fill up. emptied my load. picked up my load. trucked 150 miles and got fuel. 5 GALLONS TO FILL UP THE OIL. so now we're half company trash oil and half mobile 1. went into vegas. took one more gallon. made 550 miles back to yard. only lost half gallon and engine is dried out.
rear main seal was replaced when the clutch was replaced. as preventive maintance.
if that 3 year contract would have held up. the truck would be fixed and downtime wouldn't bother me. bills would be paid. i'd be taking force vacations due to breakdowns and riding my motorcycle without even caring.
but that contract didn't hold up. we've been hauling flat. and no one wants to pay to have there freight hauled.
truck sits at the shop. with a front cover oil leak. a rear main seal leak. an alignment and windshield.
#1 problem. ISX motors are famous for camshafts, oil leaks, turbos, and egr's.
#2 problem. freight don't pay enough to survive, let alone fix truck. and we average 3500 miles a week. when we can find the freight.
#3 problem. freight don't pay enough where you can afford to only take a percentage. you need to take 100 percent of the pay.
#4 problem. poor fuel economy doesn't help to survive. and crappy oil isn't good on engines.
#5 problem. you really need your own mechanic. instead of relying on shops across the country. MUCH MUCH CHEAPER labor.
does your business plan take those problems into consideration??? do you know what truck to buy for fuel economy, do you know what engine to buy for reliability. do have your own mechanic lined up or at the very least, a trust worthy shop. and most importantly. do you know how much your going to be hauling frieght for. most people won't haul for less then $2.50. and they are placing numerous phone calls to find such freight while they are sitting at the truckstop.
yep, i sound harsh. becuase that's the reality of my experience.
i KNEW what truck i was getting. becuase i had been driving it. my payments were also low.
i didn't buy something from any ole dealer. knowing nothing about it. or about the dealer.
i also don't have a contract signed that will ruin my credit. mine is a walk a way deal.
business plans are all great on paper. but do absolutely nothing in reality.
Need Advice on becoming an O/O
Discussion in 'Ask An Owner Operator' started by mamamullins, Oct 17, 2012.
Page 6 of 10
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and as for your first post regarding not finding any information about d & t trucking.
they've only been open for 1 year according to Better Business Bureau.
looks like they could be headquartered out of weatherford, texas. if it's the same company. they haul sand and fracing.
as for your purchase prices you quoted in the first post.
PACCAR FINANCIAL IS SELLING 09 PETE AND KW'S FOR 45,000 WITH 10 % DOWN. WITH 400,000 MILES.
you want to pay 57,000 - 68,000 for an 07 freightliner? -
I'll say it again snowy, do you have "screw me" Tattooed on you forehead.
Because the more you post about your situation, you just seen like it.
A shop won't just "do" $3000 worth of parts plus labor unless there is shady business practices going on. I'd have been all over someone for that had they done it. It's also the last time they'd be touching my truck. -
YES SIRRRRRRRRRRRRR i was all over them.
never been back.
ALL shops lable screw you on your forehead.
like i said before. you haven't had the luxory of witnessing it yet. give it time. you've still got a few miles yet. but you have the detroit motor. that's a big plus on your side. -
There are owner operators out there that look for their own freight off of load boards, but in my experience it is a tough battle to get paid what you need to too make ends meet. There are also owner operators that lease on to a company that has freight available without having to look for it. Yes, there are many companies that went out of business due to the economic times, and there were many that had downsized because of the financial institutions tightening their credit limits. People were laid off in the office and drivers as well due to the downsizing. I was one of those individuals..not because I didn't do my job, but because of my limitations with my health.
Any type of business plan requires you to forecast the good and bad...and to figure out what your plan will be if it happens that is why it is called a business plan. No matter how much you forecast reasons in your business plan, it is what happens on an every day basis to handle the situations. The reason for a business plan is because banks want to see your business plan along with capital investment before they will even look at you for a small business loan. The banks have tightened their requirements on offering a secured back loan from the government...so unless you have perfect credit or a score in the 700's they won't even look at you. Same thing for Paccard financial, I knew a guy that went into Peterbuilt dealership, and applied for credit and Paccard told him that he had to have a score in the 700's before they would even look at him.
You can sit here and say all you want about me...but really I think I have more on my side then most people out there that has never ran a business, that has never worked in the office knowing the inside and out that truck drivers don't see on a daily basis, a degree in business management, and a degree in supply chain logistics, the fact that I come from a long line of truck driver's in my family including my father n law, and the fact that my husband does know things about semi's engines, transmissions, and he knows how to work on the things that can be dealt with except from the stand point of electrical, engines, and transmissions. He worked on the semi with his dad, and even when he was a company driver and had a volvo he would take it to the shop to be fixed to keep from major breakdowns from happening. The shop was impressed, because he could tell them exactly what was wrong with it, and get it fixed. They would say, You don't know how many drivers just let these types of problems go until they have major break downs, and if they would have just had it fixed in the first place then it wouldn't have gotten that far.
Snowwy, I understand your frustrations because things have been going against you instead of for you, but it was your choice to purchase a truck that high mileage. Now with that being said, I know an owner operator on this forum that has a 2000 w-900 truck that has over a million miles on it, but he has done just about everything there is to that truck and he still drives it because it is like having a brand new truck by everything he has replaced on it. Now as far as my father n law, when he started driving there was no regulations in place (no log books, no cdl requirements, and no endorsements). However, he was apart of it when the government regulations came in to place, and he had to learn how to do log books, get his cdl class A license, and get all of the endorsements (hazmat, tanker, doubles, and triples) so that he was more accessible to freight. You can sit here and say that freight wasn't like it was back then, but he had his times as well with struggles. Let's talk about the strike when fuel prices went sky high..you didn't dare cross the line, or you were taking your own life in hand. Let's talk about the recession in the 80's that forced small business to go under, and the housing market bottomed out then too because of all the repossessions taking place. It's a fact that there is a risk to anyone who starts their own business, but having experience and knowledge makes me and my husband a little more of the exception then the rule, and yes I will have my own capital in about 45-60 days that I can use any way I want to.
I have more against me in everyday life then you do..but I choose not to be negative about everything. Trust me I could very easily be negative, and I have my days of depression because I don't want to get up and deal with the daily pain, but I do it because I don't have a choice. I have to be a mother, I have to be a single parent, I have to do house work and laundry, I have to do the grocery shopping, and I have to pay the bills, because I have to live life and not let this disease control me. It doesn't affect my brain, but it does affect my ability to function on a daily basis. I have always been the type of person to fight, and maybe that is why so many doctors look at me in amazement because I am sitting right there talking to them. Most people that have gone through what I have gone through is not sitting there talking to them...they are 6 feet under the ground. So yes I could choose to have a negative out look, be stressed out, and say it can never be done, but it is not me. When it was just me and my father n law talking while he lay in his medical bed...He said to me that my husband needed to get into driving a truck, because he is to much like me..I don't like people telling me what to do because I am my own person and I can make my own decisions. He also made me promise that I would look out for my husband, and keep his two feet planted to the ground, and that is exactly what I did. Not many people can say that they knew their father n law before they knew their husband..because I reminded him to much of my husbands mother. A person who is loving, understanding, supportive, and caring in every way, and he also knew that I could keep my husband on a straight and narrow path. I have done exactly that, and I will continue supporting my husband in every way and give him answers to questions that he may not know.
Like I said...no matter what you say to me..you can't make me mad or angry because I have learned to take things at heart. You have a negative outlook on things because you have had things against you, but you can't say that it will be the norm for every person out there just because it happened to you. We all know that you need capital for breakdowns, and we all know that there is a risk to starting your own business, but if everyone was so afraid to become an o/o there wouldn't be any at all. I do have to agree that back in the day it was controlled by o/o, but now it is controlled by the bigger companies, so as an individual you have to find what will work for you.MNdriver Thanks this. -
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The reasons why I would never buy an ISX.... I would of spent less and found an older truck with an N-14. Cheaper parts and less problems. No EGR or VGT to worry about. I could go on and on about the ISX and what a piece of #### it is. Good friend of mine was a service manager at a Chicagoland Cummins dealer/shop and told me about a lot of the problems with them. If I owned one, the first thing I would do is be talking to PDI or PP and getting a EGR delete on order and getting rid of that HX55VGT. No more $3K dollar turbo and no more worries of EGR system failures. I bet you would gain around 1 MPG also.
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Here is documents that I got from OOIDA to help me, and then SBA offers a Business Plan PDF that will walk you through the steps of planning your business. Like I said I have the program on my computer that is alot better then this one, but it still works.
http://web.sba.gov/busplantemplate/BizPlanStart.cfm
http://www.ooida.com/Education&BusinessTools/Trucking_Tools/Index.shtml/
Use the OOIDA worksheets to help you figure out your yearly and monthly costs based on estimated miles as a team instead of a solo. Hope that helps. -
I just had to open my big mouth about 2 million mile transmissions. Here I sit under a load waiting on another truck to get here and recover it so I can bobtail down to the shop. I've got a random clunking sound in the transmission I've heard it in every gear it just started doing it out of the blue. Here we go again.. I did not need this there goes my year...
mamamullins, volvodriver01 and milskired Thank this. -
I'll send positive thoughts your way....
rollin coal Thanks this.
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