Question for Experienced O/O

Discussion in 'Ask An Owner Operator' started by Aspencade, Mar 21, 2007.

  1. Aspencade

    Aspencade Bobtail Member

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    Mar 21, 2007
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    Hi

    Brand new here...

    I'm 46 YO, have an advanced business degree and have managed a multi-million $$$ contract for a major defense contractor for the last 20-something years.

    I'm looking to de-stress my life and do something that will pay about the same but not give me a heart attack. I noticed in a thread that a guy can make, conservatively, $2K a week as an O/O. Assuming I can get a CDL, is this something that a reputable trucking company is going to take on or am I going to be forced into paying some dues at lower wages.

    I'm fully aware it's a business and like I said, I've run a business for a very long time now but I want a change.

    Sure would like some fatherly advice from some experienced drivers out here.

    Thanks so much.
     
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  3. Brickman

    Brickman Trucker Forum STAFF Staff Member

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    Who ever told you that was blowing a lot of smoke. You can easy gross that much or more before expenses and taxes, but you'll never clear that much. Unless you can find a very high end niche market.
     
  4. Aspencade

    Aspencade Bobtail Member

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    Mar 21, 2007
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    I'm sorry. I guess I shouldn't have used the short hand...

    $2K = 2,000

    My apologies
     
  5. redrocker1055

    redrocker1055 Light Load Member

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    I think he understood you. While you can more often then not gross more then $2,000 You will not net more then that. I think the average yearly NET earnings for an o/o is is in the low $50,000's.
     
  6. Aspencade

    Aspencade Bobtail Member

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    Mar 21, 2007
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    I appreciate the comments. Thanks. One question remains is whether a reputable trucking company, say SNI for kicks and grins, will allow a total newbie with a good business head on him, fresh out of driving school into an O/O program or do I have to do the company thing first.

    THanks
     
  7. redrocker1055

    redrocker1055 Light Load Member

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    Nov 26, 2006
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    Sorry, I didn't get to that. Schenider will not let you be an o/o for at least a year. Other companies could be at least 6 months .
    Your best bet would be to go with schenider for at least six months
    and then buy your own truck and sighn on with another company.
    STAY AWAY FROM LEASE PURCHASE PRGRAMS( ALL OF THEM).
    Companies will promise you the world but the reality is it will break you, it's designed to. No, you are better off buying your own truck thats yours.. Good luck and mind the tight turns!:biggrin_255: :biggrin_255: :biggrin_255:
     
  8. Martin97

    Martin97 Bobtail Member

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    Mar 20, 2007
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    Unfortunately I think we all know 2K only = 2000.00..
    I would NOT recommend you even consider O/O until you have spent a year or more getting to know the business as a driver. the recruiting manuals make it look like trucking is all milk and honey, just a big rolling vacation... (The pictures with the trucks on the pretty mountain roads, where's the pic's when those roads are covered in snow and ice?) it's so far from that that even the thought of it is laughable and the only way you're really going to know is to hire on somewhere and try it first hand.
    What I'm saying is understand completely exactly what this business is before you commit with your cash and credit.. plus hone your driving skills on a company truck (and they're insurance) not one that you own..
    As far as heart attacks, trucking is high stress.. owning and running your own truck just adds fuel to the fire.
    Look hard before you leap..
    I have been in the trucking business for 15 years. I have worked as a company driver, leased O/O and now an independent.
    I am giving you info based on years of experience.
    I recommend you research LOTS of company for routes, miles, pay, bonuses, equip, time out and time home etc.. talk to the company's actual drivers..in the parking lot etc.. then if it looks good, run their truck and make a decision later with a deeper knowledge of the business.
     
  9. Matthews

    Matthews Medium Load Member

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    An owner op running a dry van is less likely to clear $2,000 per week after costs, expenses, taxes, and wages.

    It's been proven that a reefer, and flat can manage to pull this off on back to back days. For the one who asked the question in the start, It's all up to what type of freight you want to specialize your business in.

    YES, its possible to see $2,000 per week for 1 truck FREE and clear to bank.

    My 2 cents,
    Matthew
     
  10. Draggin-Z-Wagon

    Draggin-Z-Wagon Bobtail Member

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    Apr 6, 2007
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    Couldn't have said it better myself,I would stress the do the research part all these companies talk the talk but few walk the walk!
    If you are set on owning a truck verse's driving a company truck, consider driving for a O/O in a fleet, it may give you some good insight on how this works first hand without all the risk.
     
  11. Joethemechanic

    Joethemechanic Medium Load Member

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    Mar 22, 2006
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    SNI is not a reputable company. At least not from an O/O's perspective. And that dry freight they haul never pays squat. all that $0.90 and $1.20 and $1.50 a mile stuff is just a way of working yourself into the poor house. You would be better off taking up heavy drinking or crack smoking, than working your self to death and wearing out a truck, just to end up broke and in tax debt. I would say right now, in the year 2007 you have to be making at least $2.50 a mile in order to really make it worth it to own a truck. And I am talking $2.50 as a MINIMUM
     
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