Double Yellow's Company Driver to Independent Thread

Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.

  1. Skate-Board

    Skate-Board Road Train Member

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    My experience lately has been the same when heading home. I park my truck at my mechanics yard and usually have a list of things for him to fix. He always finds more. God looks down at me and says how much money does he have and that will be his bill.
     
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  3. double yellow

    double yellow Road Train Member

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  4. spyder7723

    spyder7723 Road Train Member

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    Looks just as good as mine. Get rid of the box behind it and it would look better.
     
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  5. TaylorMade407

    TaylorMade407 Road Train Member

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    Careful. Once he goes flat he'll never go back lol
     
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  6. Cranky Yankee

    Cranky Yankee Cranky old ######

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    i am so spoiled with all the cheap truck wash and polish shops in CA my truck will get pretty dirty on this PA run
     
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  7. Skate-Board

    Skate-Board Road Train Member

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    Polish and CA brought up a memory. I got my truck polished at Little Sisters in Barstows??? Not sure if that's the town. They took my credit card and wrote down the info on it. Said the machine was broken.

    Weeks later there was a charge on my credit card for an Xbox and games at target in CA. Different town but close to Barstow then it clicked. I called up fraud department at Target and spoke to a woman. She immediately credited the amount back to my new card plus sent me a $100 gift card. Come to find out this person used the info on my card at the cash register without the card in hand. Cashier was in on it also. She was fired. He also got the extended warranty with HIS NAME on it. Target did nothing but fire the cashier but was not going after the kid. Not worth it. She gave me his name.

    So, on a hunch I call Little Sisters and ask for this person. Sorry, it's his day off. BINGO. I talk to the owner of the truck stop and he doesn't care. Girl gets fired and he gets an Xbox and games and nothing happens to him.
     
  8. double yellow

    double yellow Road Train Member

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    Got a PM I think might lead to an interesting discussion so I'll reply here:

    To recap here are my numbers from the trailing 12 months:
    [​IMG]

    and here are his numbers for 2014:
    Choice1.jpg Choice2.jpg

    He almost the exact opposite of me:

    Renting a new truck (with maintenance plan) vs buying an old truck & trailer
    Leasing to company vs own authority
    Short haul drop & hook vs live load long haul
    18 year owner operator vs 1st year owner operator

    I had 85 loads and drove 89,000 miles (1050 mile average length of haul) to his 356 loads & 100,000 miles (280 mile average length of haul). He worked ~45 weeks and was home most weekends. I worked ~37 weeks and was out for months at a time. Yet we were both off ~110 days.


    As for the numbers, I think he did very well and judging from a few of his videos he seems like a pretty sharp guy. We are accounting differently though -- I'm including in my expenses anything the employer would typically cover (payroll taxes, health insurance, hotel during shop stay, etc). But even if accounting methods were equalized he'd still show $15K+ more income than me.

    Still, he's been doing it 18 years and has probably just about perfected his craft, while I'm a newbie gambling on doubling my income next year and having it slowly climb from there. Time will tell if I'm right...

    I had never heard of it, but from what I've just researched it seems like a pretty fair deal. You walk into it knowing that you won't own the truck, but instead you'll get to drive a 0-4 year-old truck for a relatively fixed price. The full service leases I looked at required you to bring the truck to a certain dealer, but for a guy running regional short haul that shouldn't be a problem (though I notice he had ~$900 in tire expense for what I presume was a road call).
     
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  9. RedForeman

    RedForeman Momentum Conservationist

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    All the major truck leasing outfits offer this. Just not to anyone coming in off the street. There's a small carrier we've hauled some overflow for a while back that does this with Penske for about that much money. They had 17 trucks if my memory is right. $2,100/mo each, and they just need to keep a driver in the seat and fuel in the tank. Penske is under a service level commitment that varies with the rate. In this carrier's case, it was something like 4 hour back in service for major breakdown (replacement truck if required), along with a pricing menu for other types of in the shop or call out jobs.

    In their case it made sense, since they use company drivers AND have a solid book of business to keep them utilized. My contact says that before, when they owned the trucks, that keeping up with that was a full time job for him. All the while costing at least as much as the full service lease does, sometimes much more depending on what was going on in a particular month. Also a factor is the well known tendency of company drivers to not take as much care with company equipment and adding to costs, versus an o/o driving their own equipment and funding their own.

    Given how SNI and the like also tend to have that solid book of business available to their owner operators, I'm really not surprised to see one with a deal like this. I'm guessing via an SNI master agreement with Volvo or another outfit that leases them. Also possible with his 18 yrs in business, that this guy got that on his own merit.
     
  10. CanadianVaquero

    CanadianVaquero Light Load Member

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    I worked for a guy pulling a van that the same lease on his trucks. ~8 trucks iirc. It was through Calmont, the bonus was we could service the tuvk at any of their outfits. We ran Western Canada. I was thinking about doing that whrn I take the plunge but if its not generally available to a single truck O/O maybe I'll still do the old truck deal.

    I'd say you did really well DY. Considering I've heard numerous times most businesses aren't even profitable in the first year...
     
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  11. double yellow

    double yellow Road Train Member

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    Thanks. I really did benefit from a booming year in 2014.

    Then again, in some ways that may have been a curse because I sat around so much this year thinking "it'll be better in another 2 weeks -- I can wait..."
     
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