Goodday Owner operators. Im seriously considering venturing into being o/o. Im trying to do the smart thing and do research before i spend boat loads of cash. I have never been l/p or o/o before and i have over yrs exp otr. Im on a 28k budget so it be somewhat high mileage truck.
My first question would be;
Spoke to Mercer rep and they are telling me 1.80 mile to the truck flat bed. Is that reasonable?
Any suggestion will help thanks.
Mercer and All other
Discussion in 'Ask An Owner Operator' started by AkinNAUY, Sep 21, 2016.
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Over 2yrs exp otr
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1.80 on how many miles per week? is it after their cut or before?
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Mercer doesn't pay by the mile. They pay a percentage of the load. Their average may be $1.80 a mile to the truck, and a guy can probably make that work if he has very low overhead and can work on his own stuff.
Not much room for profit at $1.80 a mile tho, in my opinion. But the Mercer guys (good group on here) can tell you there are ways to make it higher.AkinNAUY Thanks this. -
He told me ave 1.80 to truck before overhead.
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I was thinking the same thing like i said ive never venture into this side of the house thats why im a little sceptical in pouring my save money into something i know nothing about. Its why i was thinking l/p with walk away and see how it works for me.
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$1.80 might be the average TTT. But as with averages go that the lower 50%.
My concern is your lack of capital. 28k without a truck and trailer isn't much to start. And doing a walk a way lease while you "learn" how to be an LO much less an OO will raise your overhead a lot.
But you are doing the right thing. Ask advice and do your research. Keep doing that and you will find your answers.
Good luck Sir.AkinNAUY Thanks this. -
10.4 thank you sir. I was thinking i needed to raise my capital but with so much competition and such high volitity with this market; I just dont feel like i want to commit over that amount. I'll keep observing from the sideline.CJndaTruck Thanks this.
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If a guy can't make it with this rate WITHOUT having to drive an old truck & work on it himself then something is wrong. At least that's my experience. I avg less than that with a new truck & I'm the only source of income from my family. Now, I'm just barely getting by right now (compared to where I want my business to be) which is why I'm looking to go to Mercer myself but it sure can be done.
To the OP, Some will tell me I'm crazy & that's fine. Everyone is entitled to an opinion. If I were in your shoes & I wasn't over extended with the bills at home, I would use that 28k for a down payment on as new of a truck as possible, which would include setting it up to pull a flatbed & then get a trailer through Mercer (if that's where you go) & then learn all you can from the guys on the Mercer thread. Of course, when I say new truck that can also be a glider.I have confidence in my abilities to make money with a truck payment. I'm not scared of the payment or new trucks. Good luck to you which ever way you go.Last edited: Sep 21, 2016
DarkhorseEnterprises, redoctober83, BoostedTeg and 1 other person Thank this. -
Much appreciated with your input sir. To replying to this thread; I do appreciate any input.
My history with investing. I used contract overseas and i peeked @ 234K this is how i lost 32k in penny stock and my 401K went from 68k to merely 18K because i was taking high risk investments.
That put me in depression and actually stopped working for a few years. I just recently rejoined the work force in late 2013. Anyway, long story short its so difficult for me to commit now. Im all for taking risk but that experience hurt me alot.RStewart Thanks this.
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