Is anybody really making enough profit?
Discussion in 'Ask An Owner Operator' started by Omega, Feb 29, 2008.
Page 18 of 19
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The northeast never pays enough to make me run there! -
I really do feel for some of the owner operators that are only making $4,000.00 a month profit. Would it be in there best interest to sell the truck and get a job that pays that much with benefits and all that other good stuff?
I'M a company driver that doesn't pay for tolls, fuel, insurance, breakdowns, tires or anything and what's even better is if the truck doesn't start in the morning,,, I still get paid for the day.
I bring home over $5,500.00 a month and that's net, not gross.
I'M also Union with paid life, major medical, prescription, optical and dental insurance without a dime being paid out of my pocket for all this.
I'M home every night and work no weekends. all Holidays paid, 5 sick days, 3 personal days and three weeks vacation. 5 days for a death in the family.
I'll also collect my pension on top of my Social Security check (if that's even still around when I retire).
I wanted to buy my own truck and start moving my own freight but how can I if I can't make more then I'M making now? -
Therefore, I submitt, that as long as anyone is making what they need to pay their bills and save some of it as well, and they are enjoying the work, then who is any of us to compare what we make to what someone else makes?CivilWerks and Brickman Thank this. -
What kind of wagon and freight are you hauling for a minimum of $1.87 a mile?
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250 miles # $1500 x 7 =
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I make as much as I want. The more I haul (loads not just miles), the more I make. So many complain about the cheap freight. Ding, ding, ding.... guess what? You don't have to take them. There are plenty of good paying loads out there with good honest brokers too. Gee, it might take a little homework but isn't that what running your own business is all about????
CivilWerks Thanks this. -
If the ONLY thing you are chasing is money usually it doesn't make sense to be an O/O.
How ever there are many of us that do not want to work for the man all our lives! And enjoy the freedom that comes with being an O/O. Freedom to take the loads you want to the parts of the country you want to visit the friends you want, and to take as much home time as you want. Of course this is all with in financial constraints.
Of course you have to be either independent or leased to a carrier like Landstar to enjoy this kind of freedom.
I thoroughly enjoyed my time leased to Landstar and did not have to jump when the boss says jump like you do. -
It's flatbed, any kind of freight but it averages 20-30,000 lbs. The minimum rate is that high because it includes paying us $500 a day for driving.
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I agree with the other two owner operators...the freedom of being your own boss is priceless. Plus we can make double or triple what a company driver makes. No we may not be home as often and we don't have the benefits and the security that a company driver does but we gladly take that risk for the rewards. I think some people are more geared to needing to be totally in charge. I don't think owner operator would suit everybody especially those who want/need security, benefits, and home often on a regular basis. Any time we have worked for someone else we have gotten screwed. We found the only way to avoid that is to be completely in control of every aspect of the business. Before starting trucking we used to buy houses, fix them up and sell them, so we are used to being in charge and doing everything ourselves. But we also chose trucking because my boyfriend is really good at it, he loves travel, driving, he's a natural with maneuvering and driving large equipment; with maps and route planning, an expert mechanic, and yes the money making potential is really high. I am a self employed graphic artist so I work from home and when he comes home we can both stop working and have fun.
We like owner operator trucking (wouldn't do it any other way) but I don't think it would be the right choice for many truck drivers unless they were up for the challenge. It does involve more work and responsibility on your part by far. From what I heard many owner operators are going out of business so I wouldn't take that plunge unless you have a lot of start up capital. Some of the reasons we are doing so well is that we have a paid off tractor and trailer and we do our own repairs and maintenance. Oh and we don't take cheap freight. Without these advantages I think we may have folded in the first year. Next step...cut out the brokers.
Working Class Patriot, CivilWerks and Torqued-Up Thank this.
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