One of my in-laws has his own trucking company. He has two trucks and dispatches for 3 other O/O. The guy runs the operation from home (he only drives occasionally) and grossed north of $900,000 in 2012. I also know a local trucker with 3 rigs that is also doing very, very well.
In light of these numbers, I've been thinking of starting something myself, and have been putting together a business plan the last couple of months. I've already asked, and he would dispatch for me as well since he obviously has the connections to help me hit the ground running. He's also helping with questions, etc. His dispatch fee is 15%.
I'm going to finance the equipment, and a letter of intent from him should help with that. I would like to start with two used tractors and flatbeds, and $25,000 in reserve cash. I expect operations to start paying for themselves almost immediately given the arrangement. That takes into account insurance, fuel, driver wages, finance payments, and the myriad government regulations, etc, etc. The trucks will be hauling within the first week of acquisition.
Now, here's the kicker. I've been perusing a lot of forums and it seems MANY people just can't seem to make it as O/O, etc. It would seem the operating expenses are just way too high for many, and they have nothing left over when all is said and done.
So, am I missing something really huge that's staring me in the face? Or...do many people just not have the connections to acquire profitable loads?
I'm REALLY Confused About Something
Discussion in 'Ask An Owner Operator' started by dvjordan, Jan 7, 2013.
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