Trucking company owner's workday.

Well I own 8 trucks Myself and like most I started with one and grew from there and I can offer one quick peice of advice Lease on with some one. I leased on in 2006 and it has been the best thing I have done, I was so happy with the company I leased on with that I became a terminal and now have a pile of Owner Operators as well. But By leasing on you get the stability of the larger company and some insight on the business and someone to steer you in the right direction. ( only if they are a good company) Besides I was spending around 20% to stay legal and I had to do all the leg work and billing and dot Paperwork and so on and so on. When you lease on they do all of the paperwork and a good company will suppy the frieght

 

[email protected] Thats my email and I can answer some ?'s for ya

 

It would be difficult to obtain financing for one truck - but not impossible. Also, 4 trucks will not net you $150,000. $100,000 is possible, but only if you have good paying freight, and you're running a VERY efficient operation. I'd plan on an average net profit of $15,000 per truck to be realistic.

 

That's why many of the trucks in this county are driven by their owners. They can pay themselves a wage and enjoy profits from owning the truck. It makes for a decent living, but nobody's getting rich at it. After you pay a driver, there's not a whole lot left over.
Contrary to popular belief, we're not all millionaires out here. Trucking is a FIERCELY competitive business. EVERYONE wants to underbid and outperform you. Coupled with the fact that there are many operators out there with no business sense, and are running at a loss but don't know it. This only depresses freight rates further.

There are successful small fleets out there, but the vast majority of them serve a niche, not just general freight. Managing a fleet that provides specialty freight services requires more knowledge than what you'll learn in business school. You'll need to be an expert on everything your trucks haul, not to mention the equipment is usually much more expensive.

 

Very Well put I figure if I see $15,000 ayear per truck I've done okay But my over head is very low and at the end of this year all my trucks will be paid for. keep in mind I have other sources of income as well. But I agree in you own the ruck and you drive it as well you can make a good living.