Not as hard as it seems?

Discussion in 'Ask An Owner Operator' started by NewNashGuy, Feb 24, 2013.

  1. NewNashGuy

    NewNashGuy Road Train Member

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    One thing I learned about business is if you have the money coming in, then everything else is easy. A lot of people hate to spend money to make money. They complain that they spent $800 to two their truck when they just made thousands of dollars prior. So I wonder as long as I pay my bills is it pretty simple to get good runs? I just look on a broker website and find good paying runs, contact broker, and do they usually reject you? Because one broker asked what year my truck was (I'm a company driver had a broker load) .... wondering if I had an older truck I wouldn't have gotten the run? How much profit on average does an O/O make per month?

    Does it feel very relaxing knowing that you won't get fired on the spot for making a mistake? Or do other worries compensate for that? I would like to have a fancy truck like some of the ones I see out there with a ton of marker lights, HID headlights, extended sleeper, etc. When I was 21 I had a car stereo business that was successful but I got out as I saw that it was just a fad and later ran a computer programming business which has been successful for many years only because I research what it takes to succeed and try to keep my overhead low while working harder to gain more money. I am sure if I became an O/O I would be successful since when things seem to be going bad I make changes and try to improve. I wanted to get your opinion before I do more research. My main question is how quickly I can get a load and what price is considered good... $2 per mile or?
     
    Last edited: Feb 24, 2013
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  3. MNdriver

    MNdriver Road Train Member

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    My wife and I were discussing this today on the trip home from my daughters b-day.

    She commented that I have been more relaxed now since I got my truck than the 4 years prior to that.

    We have openly and willingly spent about $13,000 on repairs on a 2007 century in 7 months. We've also shown about a $25,000 profit on 60,000 miles in those 7 months. The repairs seem to be now toning down and just regular stuff.

    In addition to that, we just traded the dry van off on a reefer. That has already shown in the first 8 days of operation an 80 cent gross profit per mile OVER the dry van. In those 8 days, it cost an additional $50 in fuel for the reefer. Not bad for $6400 revenue for the week.

    The company driver side of me says these numbers aren't real.

    The business management side is showing that these numbers ARE real and I should have done this YEARS ago.
     
  4. critters

    critters <b>Late For Dinner</b>

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    you really should have a little more time under your belt but My personal opinion would be to lease on to a company as an O/O it is a lot easier to make it all work with less to worry about.good luck
     
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  5. NewNashGuy

    NewNashGuy Road Train Member

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    Oh yeah I don't plan on doing this now. I just did a search for dry van 53 foot trailors and was shocked at the prices... $8 - $15 thousand is that all? I could buy 10 right now. Though the reefers look more expensive. I am not a fan of the reefer though, even though I bet it pays more, for some reason in all this time I haven't gotten fully used to it. When my reefer cuts on in the middle of the night, the shaking and engine starting makes me think that I fell asleep while the truck is rolling down the interstate so I jump up out of bed and realize it is just the reefer that woke me up and I go back to bed.
     
  6. BoyWander

    BoyWander Road Train Member

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    I wonder, does your cargo insurance go up on reefer loads? Or down?
     
  7. MNdriver

    MNdriver Road Train Member

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    It goes up. I was looking at $1800 to start my insurance for my own authority with a dry van. about $7500 annually. I have to add Reefer break-down to that at a minimum. Not sure what that will add to it. Hope to find that out in the next couple of months when I talk to the insurance rep again here soon.
     
  8. BoyWander

    BoyWander Road Train Member

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    a brand new dry van is more like $25k-$30k. From what I have read. If you got the money for it, might as well buy brand new.
     
  9. NewNashGuy

    NewNashGuy Road Train Member

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    The weird thing is that everything on the trucks and trailers have gone wrong that you can think of... but the reefer ALWAYS works I don't get it I know the trailers are not being maintenance that much either since I have seen the same trailer sit on a yard for months at a time before it moves and then later I wind up with it. Once night my alternator blew so I used reefer to provide me with enough electricity to keep my heater on in a freezing night in downtown Chicago.
     
  10. NewNashGuy

    NewNashGuy Road Train Member

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    I got that price range from this site:

    http://www.commercialtrucktrader.co...category=Dry+Van+Trailer|2007600&type=trailer

    Can anyone answer my questions please though? What is considered a good paying broker load? After a while can you make a deal directly with shipper at the warehouse you pickup from?
     
  11. MNdriver

    MNdriver Road Train Member

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    I paid less that $10K for my 2000 Great Dane dry van.

    I paid less than $15K for my 2003 Great Dane Reefer with 9000 hours on a Carrier Ultra XTC unit.

    The dry van I bought off of www.truckpaper.com sight unseen other than a great set of pictures out in Washington state.

    The reefer I agreed to purchase off a lead from truckpaper just 150 miles from the house. It was agreed it would be dependent on final in-person inspection. I heard an exhaust tick and they agreed to fix it before I got the trailer. We are swapping tires too as I just bought 6 new caps of the 8 tires on my dry van. The other two are a perfect match to two caps I got. Right down to the actual tread depth. So I have two axles of 4 matching tires each. All with 12/32 depth or better.
     
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