Authority or not....

Discussion in 'Ask An Owner Operator' started by Sharky88, Jan 11, 2018.

  1. Sharky88

    Sharky88 Heavy Load Member

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    Ok so here it is. I have been a contractor for the last 20 years and am thinking about getting my own numbers and finding my own freight. I know my costs for running my business as a contractor but not sure about insurance etc. as a new entrant. I am sure it will be up there!

    I am kinda worried about dealing with brokers. No experience with that side of the business but I am sure i will learn lol. I have been reading threads on here about running on your own but it is still scary. I am so used to having some one find freight and running with it. I actually haul LTL medical equipment across the country and the money is good but I think i can do better and not have to work as hard.

    So any thoughts or advice?
     
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  3. Scooter Jones

    Scooter Jones Road Train Member

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    I would get a quote asap from an insurance company. Start with Progressive and see what they say.
     
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  4. Sharky88

    Sharky88 Heavy Load Member

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    yeah i was thinking of them. I have insurance with trans protection right now but again that is being leased to a carrier. I will find out if they offer insurance to new entrants as well.
     
  5. Ridgeline

    Ridgeline Road Train Member

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    What's good money?

    $11k a week?
     
  6. Scooter Jones

    Scooter Jones Road Train Member

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    I know a guy who signed with Progressive 6 mos ago as a new entrant. Decent credit, good mvr, etc. $1,400 a month new KW & used flatbed trailer. That's high, but that was the best rate he could find.
     
  7. Sharky88

    Sharky88 Heavy Load Member

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    no its around 6K a week after expenses. for what I do its not enough thats why I want to run on my own. I was a mover and now do special commodities with the van lines. the work is labor intensive
     
    Last edited: Jan 11, 2018
  8. Sharky88

    Sharky88 Heavy Load Member

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    yeah i figured it was something like that. i pay $998 a month now thats just bob tail and workers comp also i run a high cube drop frame van with a lift gate now but thinking i would get a different trailer
     
  9. freightwipper

    freightwipper Road Train Member

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    There's carriers out there that pay 85-90% that let you run your own show under their numbers.
    It's another option, one I took over getting my authority for many reasons.
     
  10. blairandgretchen

    blairandgretchen Road Train Member

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    Wow! If you're netting 6k in personal income per week after all expenses, that's pretty hard to top.

    How many days did you spend on the road in 2017 - and what's your $ per mile to the truck?
     
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  11. Sharky88

    Sharky88 Heavy Load Member

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    I average $2.30 - $3.00 a mile but I work off percentage of load. I ran right around 11 months. And I made a mistake it should have been $6K before expenses. Because of the type of work I do have a lot of labor that has to be paid along with everything else. I'm getting older and don't want to handle every thing in my trailer all the time.
     
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