New owner operator

Discussion in 'Ask An Owner Operator' started by B.A Loustaunau, Aug 21, 2016.

  1. B.A Loustaunau

    B.A Loustaunau Bobtail Member

    30
    22
    Aug 21, 2016
    Grand Junction, CO
    0
    Need some solid honest advice. I am actively pursuing the purchase of a new truck and trailer,and applying for my own authority.I will have approximately 30-35k for expenses after paying for truck,trailer,license,insurance,eld,etc. Need advice on what trailer I should buy and what average cpm is for flatbed,dry van,reefer. I want to know if one is more profitable than the other's. I have been driving for 8 years and want to jump into my own rig. Any advice would be appreciated. Thanks
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    9,301
    29,922
    Jan 20, 2010
    Hesperia, Ca.
    0
    Go Skateboard. You will never look back.
     
    Dharok and Old school 362 Thank this.
  4. Old school 362

    Old school 362 Medium Load Member

    392
    249
    Mar 6, 2016
    Pensacola Fl
    0
    Skateboard. Get all aluminum Bigbubba you will love it.
     
    Diesel Dave Thanks this.
  5. Zeviander

    Zeviander Road Train Member

    4,886
    36,995
    Jan 23, 2015
    Winnipeg, MB, CA
    0
    Flatbed is more physical work, but the rates are slightly higher from what I've come to understand from other users here, and there is more flexibility with what you can haul. Aside from something really, really fragile, you can pretty much put anything on a deck with the right securement. Not everything that can go on a deck will fit in a van/reefer (anything longer than 8 feet, unless you load it in with rollers and a ceiling crane, won't fit).

    For what kind of trailer, a 53' spread axle step deck gives the greatest flexibility for shippers for height, length and weight (you can load up to 40K on the rear axles).

    @Hurst is going to have a lot more advice on the actual business end of things.

    And there are places where you won't want to run freight into, because getting out is #### near impossible. I've heard this tends to be areas like Florida, Montana and Colorado. Places that specialize in manufacturing are always good to run into, because they have goods that need to go places where you can reload with resources they use (steel or lumber). Michigan, Illinois, Indiana, Ohio and Pennsylvania are great for this (and if you want to run into Canada, get a split axle you can close, and run steel into Saskatchewan and Alberta).
     
  6. Scooter Jones

    Scooter Jones Road Train Member

    9,551
    19,977
    Apr 19, 2011
    0
    Congrats on taking the plunge! I wish you well on your new endeavor.
     
    B.A Loustaunau Thanks this.
  7. Electric

    Electric Bobtail Member

    30
    35
    Jun 5, 2016
    0
    A 3 axle SD with 17.5 Tires, will give you the greatest flexibility, spend a few extra for a brace that can support a load hanging off the top deck, yet snug up against the front deck when it's not needed. I've seen guys carry a couple of sheets a marine grade ply. What they made in being able to haul an extra few LTL's over the course of the year more than compensated for the extra weight.
    One more thought, very expensive however, If affordable look into Faymonville Trailers, they are hands down top of the line trailers.
     
    B.A Loustaunau and Brandt Thank this.
  8. HopeOverMope

    HopeOverMope Road Train Member

    1,801
    3,211
    Feb 25, 2016
    I-20 LOUISIANA
    0
    You are diving in well prepared financially. Since you will have your own authority I think the trailer you invest into depends on the customers you plan on contracting with... Especially the ones that may be in your local area... If you live in a retail based area, you may do real well with a van... If you live in an industrious area a flat would be better suited... I pull flat and have clearly seen my gross revenue increase of that compared to van but then again I'm leased to a carrier... So, your operation plan and locational advantage is kind of critical in determining what trailer is needed...

    If your were in that high retail area and you wanted to be home weekly and you score a direct contract with Amazon or whomever, then boom, a flat is worthless to you and that particular contract...
     
    Last edited: Aug 21, 2016
    B.A Loustaunau Thanks this.
  9. Electric

    Electric Bobtail Member

    30
    35
    Jun 5, 2016
    0
    Great advice Hope, I'm glad this board was started, there's always good advice, backed up with practical sense. Throw some good old fashion humor in every so often, this is fun place to visit, can't be beat.
     
    HopeOverMope Thanks this.
  10. maggard359

    maggard359 Medium Load Member

    476
    413
    Nov 20, 2013
    Florida
    0
    You stated you wanted honest advice.....I have owned my own truck for 18 years and had authority last 4. I mean myself I think you should give all that money to me, let me kick you in nabs and we will call it a day. But I don't blame you for having a dream. Understand from what I see, a used truck 35-40k, a trailer 15-20, and that's conservative, plus your 30-35 leftover, man I don't think I could pull the trigger on turning loose of that, I mean my first truck was a cabover Peterbilt I traded a 72 Chevrolet and 1500 bucks too and I promise you when I left home in that truck all I had was a few quarters to call home when I broke down. Now I leased onto a carrier then, they gave me a fuel advance and paid me weekly. Getting your authority, you gonna pay all your fuel, tolls, and any maintenance upfront and considering you don't know which type of trailer you will be pulling I have to assume you will be hauling from broker boards. some brokers offer a 2 day pay and some offer 30 day, 90 day, or we never pay. You wanted honest advice, that 35k you have saved can disappear in a week or a month with a few bad choices. Its easy to see how lucrative a business it is, but you rarely see anyone on these forums and see the heartbreak and disappointment and broken families that failure in this business brings. You toss around that kind of money and this time next year I hope you tripled your money, but my honest advice you seek.....you won't. Now back to the business, if you have your heart set on it, buy you a pre emissions truck, a decent trailer with good tires. Don't do California, those drivers hauling for the same money now that it was 10 years ago. Don't accept broker loads without 2 day pay until you get the hang of things. Don't get involved in factoring, it will cost you more in the long run. Find some steady runs and stay away from problem areas. Never haul a load for the price the broker first quote, it's a negotiation. Take some of that 35k and fill your side box with tools, stay out of garages. If you have a leaking hose change it and save the old one trust me you will need it someday. Enroll in a drug screen with anyone don't even try to manage that. Ooida has one and it's well
    Worth it. you will get a dot audit within first year, have your paperwork for drug testing, they won't come to take you to jail if something isn't right, the first one is a slap on the hands and teach you where you went wrong. I really hope you do well and the best of luck.
     
  11. Dieselmydrug

    Dieselmydrug Light Load Member

    100
    26
    Aug 19, 2016
    Little Rhody
    0
    What is the smart way to get runs lined up before I buy or lease?
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.