Double Yellow's Company Driver to Independent Thread

Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.

  1. Grijon

    Grijon Bobtail Member

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    If I haven't said it before: EXCELLENT thread, double yellow! Thank you so much for sharing what you have.

    May I ask why you are so keen to leave the road? If it has to do with California, would you be staying if you were based out of, say, the Midwest?

    Again, thank you!!
     
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  3. skro47

    skro47 Light Load Member

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    It aint easy thats for sure. Most of the times in the couple first years you wonder if its even worth it. Cant even remember how many times I wanted to just let go of all the headhaches.

    Wanting to run as efficient as possible makes it even harder...

    My brother is out this year, took 1 year off, sold his house, car, all of his belonging go buy a boat and go across the world. For him it seems like the only way to find out if he wants to stay in the company with me or choose another way. Its easy to miss it at first, habits, routine, but as time goes by hes going to find out what he really wants.

    I personaly think that 1 truck o/o are going to dissapear. Small, medium and mega are going to stay.

    I have alot of respect for you DY. In the end, only you know what is going to make you happy, if its taking another route,so be it. Just dont let it run you down.
     
  4. double yellow

    double yellow Road Train Member

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    Part of it is just getting bored and wanting something new. But most of it is that various regulatory agencies have taken something I love, driving, and made it a chore.

    2018 (actually December 2017) just happens to be when the next expensive mandate takes effect (ELDs -- something that will cost ~$500 + $30/month and add zero value to my business). And the exemption for '99 and older trucks has made my '01 less attractive.

    If I were to continue driving into 2018, I'd see 2 sensible options:

    1) Get a 2018+ truck, outfit it with an ELD and run California intrastate or western regional. Concentrate on serving direct customers in poorly served niches kinda like what @Ruthless does in his neck of the woods.

    2) Move to TN, sell my truck, buy a '99 or older, restore it, and run solo expedited freight, emulating @rollin coal & @mp4694330 (adding direct customers where I can).

    I guess option 3 would be to keep my truck, get an eld, and continue doing what I've been doing (long haul spot freight). But if I went that route, I'd probably be better off surrendering my authority and leasing to a company with cheap qualcomm fees and direct customers throughout the country.
     
    Last edited: Dec 28, 2015
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  5. double yellow

    double yellow Road Train Member

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    Rates since last update:
    RPAM.jpg
    This would look a lot more impressive if I included the handful of $3+ loads that cancelled...


    Anyway, here are the cold hard numbers for 2015:
    PL.jpg

    $135K revenue on 84,000 miles or ~$1.61 on all miles. I could be OK with $1.61 on all miles if we're talking 120,000+ miles...


    The numbers don't look quite as bad if I cherry pick the 6 months following the inframe:
    PL2.jpg
    $76K revenue on 46k miles (~$1.65 all miles) to gross $48k. That's right, I made more in the last 6 months than I did all year (it helps that plates and insurance were paid in May & June).


    Anyway, aside from March and December I'm really not satisfied with my work output in 2015. It's very easy to take off a day that stretches into a week, or a week that stretches into a month:
    IE.jpg

    My business model ought to be doing a minimum of $15K income each month...
     
    Last edited: Dec 28, 2015
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  6. rollin coal

    rollin coal Road Train Member

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    I haven't been satisfied with a year yet and my gross revenue keeps going down every year. This year sucked. Yeah it's great working 4 or 5 months but I'd really prefer to be working twice as much or more. But if it's not paying then I just don't see the point. Why the heck should I bust my balls so everyone else can get rich? Trucking is such a love/hate thing for me but like one of our mutual friends said a while back, seems like you always give it 110% but still come up short. Gets old especially in a year like 2015.
     
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  7. spyder7723

    spyder7723 Road Train Member

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    Trucking is like farming. You deal with three or four so so years just to be in the game when you have the bumper crop year.
     
  8. 59EX

    59EX Medium Load Member

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    Kinda hard to knock the year if one of your expenses was a inframe. You take that out of the pic and your net profit looks pretty strong.
     
  9. skateboardman

    skateboardman Road Train Member

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    Hmmm, spyder, the more I read these threads. The better I feel. I just 2ent back. And ran across a bunch of postings by some of the guys from different threads from as far back as 2011 2012 , some say they were killing it back then, couple even said they wouldn't run for what i was running for. Meanwhile fast forward to 3 years later, I have had rise in gross and net revenues while lessening the miles ran each year, in fact it looks like net will be up around 18k, and consider i did a 28,807.25 caterpillar platinum overhaul uh n August. After 35 years I am past the early burnout stage, I remember feeling just like DY years ago. Sometimes it is possible to do well without having authority, sometimes its possible to do just as well leased. Its tough. I so much like being able to park it without watching the insurance end other stuff keep ticking. Dy. , its going to be tough to hang in there if you are set in your mind of getting out Because of eld, it will be counter productive. I personally dont see regulations being any worse than 35 years ago,
     
    Last edited: Dec 28, 2015
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  10. skateboardman

    skateboardman Road Train Member

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    They been saying one truck guys are gonna disappear since my first day driving and that was 35 years ago, I can only laugh
     
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  11. stayinback

    stayinback Road Train Member

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    IF shippers got off their high horses and used more independents...........It would make life so much easier..AND their shipments would be in better hands...


    Does anyone approximately know what the ratio is with volume shippers and megas with safe-ontime service/vs/Late-Claim ridden deliveries?

    I
     
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