Hi I've been driving for a local company for a few years now and thought about becoming an o/o with own authority but due to the start up costs I will have to wait, but my question is that is there any local companys that you can lease onto with your own tractor for local or short haul work. If so are there any benefits to doing this or is it not worth it?
leasing on local
Discussion in 'Ask An Owner Operator' started by jps, Oct 13, 2013.
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Containers,but what a pain in the arse!! But will have you home sleeping in your own bed.
andre Thanks this. -
I drove for an O/O who was leased onto a local city P+D contract in Winnipeg back in 2011. The company was paying $35 an hour to the truck plus they paid all insurances etc. I was being paid $17 an hour to drive it. I never saw how the owner made any real profit out of that deal. After paying me , the fuel and maintenance etc I don't think there was anything left over to call profit. I calculated roughly that the truck was burning about $10 per hour of fuel so if you take that over a 12 hour shift its $120 for fuel, $204 to the driver ($17x12 hours) just fuel and driver is $224 total per shift. A 12 hour shift generated $420 revenue to the truck, minus the driver and fuel and any maintenance/repair etc doesnt realy leave much profit. Keep in mind that city work is harder on a truck than highway work. Constant stop start traffic, more clutching and braking etc adds to the wear and tear. You want to run the numbers if you can and compare them to what you make as a company employee currently. Once you account for all expenses you will probably find your better off staying a company driver. In short to answer your question , its most likely not worth it.
Ezrider_48501 Thanks this. -
i don't see how you woulden't be loosing money at that rate let alone any kind of profit
kw9's rock Thanks this. -
It was typical cut-rate company in winnipeg. The owner was a good guy but the company the truck was contracted to were one of the worst in the province. I lasted 6 months then couldn't handle the BS so moved on. It was actually the better of the contracts at that company, the other option was percentage or paid by the "move" (per each individual trailer shunted across town etc). Some of those guys would sit most of the day then get 2 or 3 "moves" and make $100 to the truck for the day!!Ezrider_48501 Thanks this.
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i can only guess that there was alot of time sitting in docks for that rate cause in my operation i figure fuel alone at about $30 an hour.
just fuel and driver is $224 total per shift. A 12 hour shift generated $420 revenue to the truck. then you figure another 30-40 a day for insurance 10 dollars a day for plates 10 dollars a day on oilchange's figuring on a oil change once a month were getting close to 300 a day already and we still haven't had a break down or put a set of tires or breaks on the truck -
Yes , there was hours spent waiting on trailers to get loaded. Also would be some days doing more bobtailing than with a trailer. I would bobtail to one side of the city to move a trailer out of a dock to a staging area then bobtail back across town to move another trailer into a door at a shipper. Was a total flustercuck of a job!!Ezrider_48501 Thanks this.
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so basically a independent yard dog for hire.
it would suck doing all that bobtailing in the winter -
Depending on your location there are a lot of O/O work around ports But R they worth a Darn That is a good Question Most of them R Junkerskw9's rock and Charli Girl Thank this.
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What about pulling a bucket? You wouldn't have to have interstate authority so long as you don't cross state lines depending on state. Some do require an intrastate authority. Usually aggregate or scrap hauls are not that bad.
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