Is it worth it, finanically speaking, to O/O...???

I would not be in this industry if I wasn't an O/O.

The control stuffed on you as a company driver is life sucking and demeaning beyond grasp. At least as an O/O, I can dictate what I will do.

And yes, I am doing better as an O/O than I ever did as a company driver.

 

My experience isn't a common one, as I successfully completed a four-year lease and kept my truck (for now). During the lease period I took home, after all truck expenses and before taxes, just under 52 CPM and a total of just over $260,000. One of the minor reasons I chose to lease was to have a much better/more flexible time off system: I normally ran 11 days out and then a 3 day weekend at the house. There were no issues of cheap freight as I'm paid for all miles (loaded, empty, bobtail, whatever) and all miles were covered by FSC. The company I work through handles all of the registrations, insurance crapola, IFTA, etc. which lets me keep my head down and worry about operating my business. I could have possibly made more money buying a cheap used truck and running percentage for someone else but I didn't want the mechanical issues or to worry about what the underlying freight rates were. Since my lease ran from June of 2008 to June of 2012 the economy has had some amazing changes but they haven't really affected me, for which I'm grateful. Good luck, Jim

 

it can be if you do your research,I would recommend waiting a little longer and learn more about the industry.being an 0/0 has many advantages and can be rewarding but can also break very quickly if you dont watch what's going on. Good Luck

 

Well to reply to this with the restrictions you put on here is to be a company driver i guess....lol There are gains and down falls in all areas of being an Owner Op. Being an O/o is not for everyone. Its a different life style all together. Your a driver and a buss man. You have to take ALL of the Gains And Falls into account to understand the difference and to understand if its for you or not for you. Personal if your asking a question like this in the way you have and your still a trainne I would say this is most likely not for you. If you think that the finance gains are going to be so much higher all the time and dont take into affect the other things that come with being an O/o than off the start you are missing half of the gains of being an O/o

 

I have been an O/O starting in 1980 at 22 years old. I have had my own authority for 20 years. I finally learned to drive a business with a truck about 4 years ago. I would be willing to share my experiences and TRUE numbers with you. Its it shame it took so long but hard to get the TRUE numbers because like the trucks we drive looks and talk can be deceiving.

 

yeah, what he said

i firmly believe every truck driver should own his own truck, pay all of his expenses and this industry would change overnight

its a tool of the trade, no different than a mechanic having his own tools or a doctor having automony over what he does

ownership is much different than indentured servitude

but because we have companies dictating what grown men do, grown men have become big children

 

it can be very rewarding and challenging,wjth that said dont let anybody kid you there is money to be made