If you want to buy a truck to “make more money” you’re buying it for the wrong reason. If money is the driving factor you’d be better off with a good paying company job with benefits.
Foward air claims $450,000 a year for team owner operators
Discussion in 'Ask An Owner Operator' started by thundermoon273, Sep 6, 2020.
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I'm working for total transportation of mississippi team driving which is basically us express. I make about $86,000 gross. That's as a rookie. Dryvan and mostly Wayfair fed ex and Amazon. All light loads with 68 mph governor. I'm just more ambitious than $86,000 a year. I'm only netting $65,000 I need more money. Him and I can do 7,500mi a week easily.kimbosa, Midwest Trucker and Speed_Drums Thank this. -
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The key words in your thread title are Owner Operators. You might get the 450k but running that hard how much of that is going to be spent on fuel, tires, maintenance, truck payment, insurance, ifta, accounting, regulatory/authority? Share those costs or just one of you paying them? My opinion, think long and hard before you jump.
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Okay, let's say you're making $450k a year and starting off with a new truck. Figure you're running 300,000 miles a year to make that much and you'll have a truck that will need to be replaced or seriously overhauled after 2 years. A new team truck will cost you $130-$150k, or at the very least it will need $50k in repairs/maintenance. Now your $450k is more like $300k divided by 2 is $150 gross per driver for working your butts off solid for 2 years. You'll also need to buy your own medical insurance, and a ton of other costs that go along with being an O/O. Is that really worth it?
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Here's my worthless opinion........go run teams with someone like Old Dom or R&L, these days you can make $100K+ per year, with good benefits. In my previous life (2000 - 2016). I had my own authority, pulled a reefer. I hauled direct for a shipper in Florida for 15 years, they loaded me roundtrip, I made good money. I ran 11,500 miles per month ( 2 Florida to Cali turns per month ) and grossed $24,000 a month. I had the fancy trucks and new Great Dane reefers. Now days with Elogs and all this BS (people cutting rates, etc), I would go pull doubles, it's super easy, it's terminal to terminal, or maybe you meet a driver at a mid point. You have nothing to worry about, let them fix the truck and pay for insurance. I'm not saying LTL freight pulling doubles is always rainbows and unicorns, but it beats dealing with most worthless morons at these warehouses.
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PS - said carrier pays everything. Plates, insurance, tolls, everything except fuel.
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