New O/O
Discussion in 'Ask An Owner Operator' started by HaglerFan, Nov 10, 2024.
Page 3 of 6
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Being fairly new as a O/o for a little over 2 years. However, your situation is different because your Truck will be paid off and new. Mine is new but I'm still paying it off. I had over 28 years experience and now over 30 years driving but insurance was a huge issue in 2022 even with my experience and previously being an O/o back in the late 90's but let that Authority go. Insurance now in the last 2 years has gotten worse. As for the Freight market it's still stagnant but slowly getting better. I don't think it will be the best until early 2026. If you have capital on hand be prepared to lose 25% of it due to changes. However, in a year or so that can also increase to a 40% profit as well. Even with my capital investments I'm surprised I'm still here but still trying to stay afloat.
D.Tibbitt, blairandgretchen, Oxbow and 2 others Thank this. -
Definitely used, but if I choose to go flatbed I need to get a properly geared truck.
-
Thank you for that.NorthEastTrucker Thanks this.
-
I've spoken to them, and they require at least six months, I believe, which isn't horrible but I'd hate to buy a truck for van/reefer then need a different geared truck for flatbed/heavy haul.
-
Thank you for that recommendation, I'll start reading, tonight.blairandgretchen, Oxbow and 062 Thank this.
-
Ok. Even though freight waves is saying that the freight recession is over, rates are still very cheap and a lot of owner operators are struggling right now.blairandgretchen, Oxbow, Iamoverit and 1 other person Thank this.
-
Yeah it's definitely not "over" but let's admit a lot of owner operators are financing over priced trucks and don't know how to actually run a business and some carriers are irresponsible in their operations. I'm by no means saying I'm going to revolutionize the industry, but I'm in the position to not have a truck payment and some financial security to build my business as the rates seem to be slowly improving. Thank you for your responses and civility.blairandgretchen Thanks this.
-
Between $15-20k a year for new authorities but obviously substantially less for bobtail insurance, only, should I lease on with a carrierblairandgretchen and Opendeckin Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 3 of 6