Update on becoming O/O

Discussion in 'Ask An Owner Operator' started by GITRDUN45, Oct 9, 2013.

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  1. Oct 10, 2013 #11
    GITRDUN45

    GITRDUN45 Heavy Load Member

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    Sep 30, 2013
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    Trees I totally get you and thats what i need you and others to keep answering even my smallest questions as I pin this down closer and closer to getting done. do most brokers/shippers negotiate lumping/deadhead etc..... or do you just consider that in load? How you know if lumped load or not and how much so your covered? It's the running the business i trying to learn a lot more of now as i have several main things figured out. all info appreciated. I'm so hyped and excited to learn and research more i might head up road to pilot see if any O/O there like to chat. I think I'm doing this right and not jumping to quickly.
     
    GITRDUN45, Oct 10, 2013
    GITRDUN45, Oct 10, 2013
    #11
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  3. Oct 10, 2013 #12
    rickybobby

    rickybobby Road Train Member

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    There is more to the story.
     
    rickybobby, Oct 10, 2013
    rickybobby, Oct 10, 2013
    #12
  4. Oct 11, 2013 #13
    osumike33

    osumike33 Light Load Member

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    Jun 10, 2011
    Middletown, OH
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    You might want to consider joining NASTC and/or OOIDA, both can offer a lot of help in a lot of ways. I recently got my own authority, and it's an eye-opener for sure. You will find some brokers won't work with you because your authority is not old enough, had a couple of experiences with that - some are 30 days, some 90, one even said 1 year. As others have mentioned, getting rates is the biggest thing you can learn....amazing what low offers you will get. I am definitely trying to work on that, sort out the good from the bad. You have to consider how you're going to get paid...I'm sitting on about $13,000 in a/r right now, having chosen (so far) to not get hooked into a factoring company. And just about to pay my first quarter, portion of a quarter, fuel taxes. That's why NASTC and/or OOIDA should be a big help to someone just starting out, so many things to do and learn, easy to miss something. Good luck to you...
     
    osumike33, Oct 11, 2013
    osumike33, Oct 11, 2013
    #13
    GITRDUN45 Thanks this.
  5. Oct 11, 2013 #14
    GITRDUN45

    GITRDUN45 Heavy Load Member

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    OSUMIKE #1 GO BUCKEYES!!! Born in Columbus. Bleed Buckeye Blood. Anyway thanks for info. I do plan on joining OOIDA but before I do I wanted to get opinions and suggestions before I did that on some things. I already have a few things done. Still working on banking,Insurance right now. I did hear about some taking time till giving you a load. You getting loads from boards? Not selling your papers for 1 to 2 % paid withing 48? What program you using for taxes etc? Hauling Van, reefer,flat? or you pay someone to do paperwork? Any and all info appreciated.
     
    GITRDUN45, Oct 11, 2013
    GITRDUN45, Oct 11, 2013
    #14
  7. Oct 11, 2013 #15
    G3Truks

    G3Truks Light Load Member

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    Sep 25, 2013
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    My advice, and take it for what it's worth because it's free....

    Get a job driving for a fleet owner leased to a company like Mercer or Malone that uses load boards so you can get familiar without risking your own money.

    I mean this with all due respect and I would tell anyone this. You don't know enough to start and you won't learn it here of anyplace else on the Internet. You need to invest in some real time, hands on experience.

    I wish you nothing but luck but luck won't pay the bills....experience will.
     
    G3Truks, Oct 11, 2013
    G3Truks, Oct 11, 2013
    #15
    GITRDUN45 Thanks this.
  8. Oct 11, 2013 #16
    Bogi

    Bogi Light Load Member

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    Jul 15, 2013
    Elk Grove Village, IL
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    you need money to do transportation business, credit will take you to fail
    don't use credit of any kind
     
    Bogi, Oct 11, 2013
    Bogi, Oct 11, 2013
    #16
    GITRDUN45 Thanks this.
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