Looking for otr owner operators

matter of fact I do pay 2290 plates and insurance driver covers there own bobtail you dont pay lumpers neither do i broker pays that you also get 100% of detention and layover pay $35.00 per hour after 2 hours $150 layover I know its not much but its all the shippers will pay. also I am a driver myself and own trucks as well and believe me I try to pass as much money back to my drivers as I can afford however just like you I am in the business of making money. that is the bottom line. you might think you can make more money with some of these larger companies with there perks us smaller companies cant afford. and maybe you can for a while but we can offer something they cant loyalty to our drivers. if one of our dispatchers mistreats a driver in anyway there fired. We calso give out xmas bonuses based on annual profits we give bonuses during the year for safe driving and passing inspections.

what a lot of people that's never run a company don't understand is the hidden costs of doing business like even though we have to pay our drivers every week we as a company have to go a month sometimes more before we get paid on that load. sure theres always facturing but at a cost if were only making 10% to 12% then were left with 6% to 8% so same with quick pay offered by the brokers. and if your doing business directly with the shipper its more like 90 days before you get a check.

and as far as risks go our safety rating is at constant risk it gets too low and companies wont do business with us company shuts down.
another risk people don't understand is you think that if you wreck your truck it only affects you but in reality 1 accident could put a small company out of business if anything happens to the cargo and you have to file a claim sure insurance will pay it that's what its for but the broker and shippers will hold all money you are owed by them until insurance pays it off which could take months in the meantime company doesn't get paid the $100,000 they are owed could put them out of business.

and just by having your own authority doesnt mean you get 100% that will never happen everyone has there hands in my pocket. and the big mega carriers are attempting to put small carriers out of business by lobbying to increase our liability insurance minimums to the point of putting small 1 truck owners out of business since they dont pay insurance there not affected. the sad part about that is there are only a very tiny percentage of claims that go beyond $500,000 and only about 3% go beyond the $1,000,000 we already have. I would def wait on any kind of authority to see how this plays out.

 

no no when I say hidden costs I am referring to costs regular drivers aren't aware of. problem is drivers dont understand all the costs involved in running a company they think we have all this extra money to give them and by hidden costs I mean the federal government every new regulation that is passed costs us more money. most business can pass that along to the consumer where as we cant since we don't set our rates. we have to eat those costs.