Ok, what I mean about percentage is, when you are leased on to a company and pulling their trailers, companies take out a percentage of your gross revenue to the truck. Generally somewhere between 10 to 15 percent. I would find out what costs are associated with running under his authority and using his trailers.
Setting up my business expenses, what am I missing?
Discussion in 'Ask An Owner Operator' started by bwheeler, Jan 16, 2021.
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2.00 on ALL miles under his authority AFTER his cut would be decent. Anything less walk away. Like others have said he'd be doing it with his own if it was so profitable
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Got any money in the bank or anywhere else? This is an expensive game to get into. Personally I wouldn’t go out and buy anything expensive enough to require you to finance it. Then you need money still to keep it fixed and running.
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$1000.00 for insurance on a new authority ? Try about $2000.00 to $2200.00 a month and that’s not the down payment.
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Yea that actually sounds more accurate at this point.
Only way to know for sure is to call several agents! The numbers are all over the place so call quite a few!Rideandrepair and bwheeler Thank this. -
What prevents your boss from hiring another driver for local work?
Leaving you only the interstate loads?
Would you have to find other shippers?
Is OTR what you want?
What if the trailer needs repair and the boss doesn't want to fix?
Many questions.
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