OK, before anyone gets outraged, based upon the posts in this great site I know this no longer exists ... but I remember in the early part of this century hearing 3rd hand stories about O/O's making $150K - $250K/yr take-home after deducting expenses. Sure they were on the road a lot but they'd do this for 5 years and then semi-retire. Lots of folks were making big money back then so it wasn't too unbelievable. I even remember reading a Reader Digest life story about a guy who lost his job, started trucking and was making $250K/yr as an O/O and had a heart attack after 5 yrs because of all the work. I suspect it was all just 3rd hand rumors and nothing more, but a part of me wants to believe ...
Can any of the guys who were in this biz either refute or confirm this?
Was there ever a big money ($150K to $250K/yr) era for truckers?
Discussion in 'Questions From New Drivers' started by Siberius, Dec 14, 2013.
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Yes, then came the tax man.
Skydivedavec, D.Tibbitt, maxwelltie and 2 others Thank this. -
Well the $250K per year can only be total REVENUE that you created by running the loads. Not gross profit. Then you can take off your everyday expenses. And even that is pushing it, depending on the freight you haul.
But making $250K profit as an O/O
Wishful thinking, but alas, NO !!!Siberius and Skydivedavec Thank this. -
yes in 2001 I grossed 262000,00 after all costs I still cleared about 170000,00 those where the good old days, now everything costs so dang much, in 2001 fuel was 1,35 a gallon now just happy to pay under 4 bucks a gallon, doing the same kind of work, so not making as much but o well I living
Siberius and Skydivedavec Thank this. -
Who knows, if the economy starts to pick up perhaps that era will be back with us soon. -
I did better than 125 a couple years, but that was the late 90's. freight paid almost what it pays today, and fuel was a buck per gallon. those days are long long gone.
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There are a few places you can clear 150k before or even after taxes, but they generally don't advertise and you need to live in the right area. It's much more common to clear. 0-75,000 though.
Steeleandsonfarms Thanks this. -
Depends on what your definition of "pick up" is? I have to laugh at the thought that one day life will go backwards, or that the powers that be will give up, what they have taken. I too dream of the how this Country should be, as it relates to trucking but, I fear it will only get worse, especially for the little man...
Siberius and WorldofTransportation Thank this. -
I know 20 years ago guys were making over $100k hauling cars as company drivers and home every day. There was also guys who worked for Grand Union hauling to there grocery stores making almost 6 digits a year before they closed. Thank the mega carriers for the industry standards you have now.
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Siberus
It doesnt matter how much the economy improves or how much things may get better--if history teaches ANYTHING in this biz--it is:
Once a rate goes down-drops-get undercut-etc--It does not come back
sad but trueTaildragon, Roadmedic, Siberius and 2 others Thank this.
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