Landstar O/O Statement

Well I guess there are a couple of questions here worth answering. Lets remember that this thread is intended to help those looking to get into the business as an owner operator or at least try to figure out what is reasonable; not beat them down because they don’t measure up to your numbers. We never implied that we were setting records here. I just believe this is fair representation of what it takes to get started and not get discouraged.

Before I answer a few; I would like to congratulate the driver that represents these numbers. He set a goal and stuck to it. He made money, didn’t loose money, didn’t just break even, from the best I can tell from other threads in other forums, he didn’t do very bad for his first 5 months at Landstar in this truck. There are not many places you can go in this economy and make a $1000.00 a week. Before I get all these responses about driving somewhere else and not having to maintain a truck or I wouldn’t move my truck for that amount of $…………A lot of you guys that run in those positions are not allowed the freedom of choosing your loads, restricted on when you go home, or your equipment is paid for or better yet this is not your first rodeo and there is a lot to be said for wisdom. This driver achieved these results running where he wanted, when he wanted, and went home for a week every month. He choose how to meet his goal. This young man is on his way to becoming an entrepreneur and businessman and there is a lot to be said for that kind of dedication.

Now a few answers to your questions:

I think that was already explained

I think that was already explained

Interesting

We’ll Old Man, I believe your question is about insurance. Why don’t you share with us what you pay and where you get it? If it is a good deal maybe we can give them some business. I personally choose Landstar because I have not found it much cheaper and I have found it a lot more expensive. All we do is pay Landstar ounce a week and they take care of the rest. There is value in one less headache and a payment plan.

I think that was already explained

Heavy Dude you are right; the $3750.00 in escrow is considered income. Unfortunately, we did spend most of it on replacing a hub, buying a wheel, 3 tires, a bunch windshield washing fluid, oil and fuel additives, oil changes, I…. think that’s enough said. I could go on with the importance of an escrow.

If you choose, yes you can prorate the tag fees over the entire year; however, I look at it as winning a $100.00 lottery ticket each week after 5 months; Because Landstar is going to take there payment each week for 5 months to pay that expense whether you prorate it or not. That’s 1 bill out of your check right off the bat. This changes if you buy you own; then I would prorate it and include it with my maintenance escrow and pay ounce a year.

Same thing with the $500.00 escrow Landstar takes out. It is a one-time fee collected at ~ $30 a week for the first 4 months. That is why I made a note of it.

Appreciate the credit there. I concur.

Mr. Plum Crazy, glad to see interest in the statement attached. El Paso Texas was actually $1.18 per mile. We run step decks; and haul partials. Stuff you would see below $1 is usually less than 10 k lbs or a favor for an agent. Obviously we would not see $1.27 per mile avg doing this regularly; come on a little credit.

I think that was already explained

Grizzly, this is a great goal for new O/O to shoot for. I have seen it; therefore, I do believe it is attainable. Looks easy because it’s only $0.34 per mile above what we posted with this particular thread; but new guys and gals beware, to increase your output by $0.34 takes skill, wisdom, a heck of a plan, and some paid for equipment helps to.

Worthy to be noted. I concur.

My granddaddy said “Boy….if you going to hunt for grizzly’s
You better have a plan”.

“Being ignorant is not so much a shame, as being unwilling to learn”…Benjamin Franklin

Drive safe