Thinking I might need to go back to OTR
Discussion in 'Ask An Owner Operator' started by crzyjarmans, Jan 31, 2020.
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fordconvert, Deere hunter, TripleSix and 2 others Thank this.
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fordconvert, TripleSix, 650cat425 and 3 others Thank this.
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Having the ability to step into the role speaks to your position.
Many others can only offer “Well, I wasn’t in a position to help when Dad got sick”. -
I guess , that is the reason I answered the way I did . I’m sorry if I was harsh .
Take care and good luck bro.Roguefox and stuckinthemud Thank this. -
TripleSix, FoolsErrand and blairandgretchen Thank this.
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I am familiar with the OP's history, glad to see him back. I have been an owner operator continuously for 43 years. It would be prudent to keep in mind changes in the last 10 years that have had outsized impacts on the industry. 3 in particular are listed:
1. The owner operator model of yore usually involved buying a used tractor, leasing to an established company. That has changed, new DOT numbers are issued at the rate of 134 a day, approx 34,000 per year. That influx, combined with rate information on the internet has made the marketplace extremely competitive, with many participants willing to haul for revenue unheard of just 5 years ago.
2. The used tractors available to you are much more complex than what you may have experienced the last time you were in the industry. Maintenance costs are likely to be a much larger portion of your budget. The single most common repossession now takes place while the truck is in the repair bay, owner unable to pay the bill and just tosses the keys to the finance company and walks away.
3. The additional regulatory burdens(ELD's, CSA scores etc) are having an effect. Parking of course in almost a crisis in many markets.
Can you make it? Yes. Are the returns going to be what you expect? Probably not. If you have some things going for you, mechanical ability, relative financial security(low or no truck payment) and a good location in the country for freight lanes, or don't care if you stay out for long periods of time these are 3 important variables. In my experience finding a good company is a crapshoot. You have to stay with them at least a year to find out if it was a good move, and that could change instantly. Just ask any Celadon driver.FoolsErrand, crzyjarmans, JonJon78 and 6 others Thank this. -
blairandgretchen Thanks this.
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@Studebaker Hawk good post!!! Where did you get the 134 day/ 34000 a year numbers from?
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