Female Financial Analyst turned O/O?

Discussion in 'Ask An Owner Operator' started by kris20, Mar 22, 2019.

Thread Status:
Not open for further replies.
  1. Brandt

    Brandt Road Train Member

    4,521
    6,203
    Sep 17, 2012
    0
    here's the difference Volvo truck are nice but very heavy. So that less freight you can put in trailer. The Volvo engine are not the most reliable and only a Volvo dealer can work on a Volvo engine.

    Freightliner Casadia it has better engine because is a Detroit Diesel engine. They had one called the S60 Detroit. Very popular and reliable engine. Detroit also built their new emission engines from the ground up. Basically scraping the older S60 engine to a completely new engine for the new emission. They are very expensive to work on not nearly as reliable to drive.

    Do want auto shift or manual transmission. That limits you option because only Detroit Diesel and Volvo have a auto shift transmission. That work with their engine.

    If the freight rate are dropping and that what I hear. You better spec the truck for MPG. If you have the money you can get a new truck for $160,000. Plus buy any extra warranty option they have.

    If you don't like the job you can lose a crazy amount of money and profit margins are very low. It really cents per miles
     
    iledbett and kris20 Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. kris20

    kris20 Light Load Member

    53
    25
    Mar 22, 2019
    0
    My grandfather was a business man. He told me to buy a new truck. I’m worried about the profits though.
     
  4. kris20

    kris20 Light Load Member

    53
    25
    Mar 22, 2019
    0
    People are telling me to buy a Cascadia
     
  5. kris20

    kris20 Light Load Member

    53
    25
    Mar 22, 2019
    0
    What does that entail? Broker told me he’s making $30k per month off one truck????
     
    Humblepie Thanks this.
  6. kris20

    kris20 Light Load Member

    53
    25
    Mar 22, 2019
    0
    I thought about this the other day also lol. I’m going to do something. I’ve worked in finance for 8 years. Time for something new and adventurous. If I fail, I fail. At least I can say that I tried. Hopefully, I’ll have one hell of an adventure to share with you all one day.
     
    exhausted379 and Humblepie Thank this.
  7. Humblepie

    Humblepie Pontificator

    5,077
    80,318
    Dec 25, 2018
    0
    He’s not making it off one truck, unless the truck owner is a complete moron. As a broker you find trucks for your customers. You will need to file a bond or become agent for a larger more established brokerage(I would suggest this). You need to have excellent people and sales skills. There are courses you can take. My local community college offers one.
     
    exhausted379 Thanks this.
  8. Brandt

    Brandt Road Train Member

    4,521
    6,203
    Sep 17, 2012
    0
    If you really want to learn the business side I would say listen to Kevin Rutherford. He has a radio show all about running a truck and make money

    He is on Satellite radio Sirius XM. They have an phone app or you can listen online. 11am-2 pm every weekday. He has web sit Let'sTruck .com. Driving is basically 70 hours a week to make any good money.

    Some truck stop are going to paid/reserved parking for $17 a night because it hard to find a place to park. The truck stop can be full by 5pm. So you might have pay for reserved parking stop. If you run the Northest, CT,NJ,NY,MA lot of tolls the George Washington Bridge it like $105 to cross in a truck
     
  9. kris20

    kris20 Light Load Member

    53
    25
    Mar 22, 2019
    0
  10. Oxbow

    Oxbow Road Train Member

    12,913
    133,882
    Nov 24, 2015
    Idaho
    0
    I read this to mean that you do not have your own freight, but are considering leasing to a company that does.

    How do you know that you don't have time to manage the Authority aspect of the business? Once you have Authority it in itself takes no time to manage.

    Even the IFTA, Licensing, HVUT, UCR, and FMCSA filings really aren't that burdensome if you set up a good system.

    Tracking revenue versus expense is as simple as any business, maybe moreso than most.

    The difficult part will be finding and keeping a great driver, who truly has your interests in mind as well as their own. Keeping that driver happy by providing nice equipment, a full benefit package, good pay, and time at home.

    Ask yourself just one question; why would a company that has good freight, the resources to purchase their own equipment, and the wherewithal to manage this efficiently be willing to share their pot of gold with you (or anyone else with no experience)?

    The answer is that the pot of gold is not very deep, and profit margins are very thin at best until one can find their niche in the market by provide service that the masses don't.
     
  11. Humblepie

    Humblepie Pontificator

    5,077
    80,318
    Dec 25, 2018
    0
    You make your money on the spread. Say for example, you have a load that pays 1500 and you get a truck for 1250. $250 is what’s left. As an agent you will get a commission say 60/40 split. 60 for them 40 for you. They handle all billing and back office, you supply the freight
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  • Thread Status:
    Not open for further replies.