Going O/O, what's a good company to start with.

You get 72-75% with your trailer. 65% is pulling their trailer.

 

Had me worried there for a minute, thanks !

 

I forgot the Highway Use Tax (HUT-2290) if the truck you buy has not been paid. Then that would be $550.00.

 

Luckily I live in the Midwest and won't have that issue. I'll be following some other threads and this one for the better part of 18 months getting my plan together.

I think the whole stigma of 90% of OOs failing is pretty off base. I'm willing to bet the 70% of those 90 are failed morons who went to LP offering .90c a mile loaded and empty and 15% are people that wanted to make 250k while being home a lot and taking weekends off.

Inleast that's what I'm going to believe haha

 

Just a question for you fellas. Why do so many people go with the leasing on to a company route instead of getting your own authority and being independent?

 

For me, I found I was tossing around both. I ended up leasing on, (in the process should be ont he road by next month) because I found a company with the owner that I consider a business partner. I ended up dumping most of my money into the truck and paying cash for it instead of financing. Wouldn't have left me with enough reserves to go on my own. Of course I made that decision after deciding to lease on to the company I am going with. The owner will allow me to run on my own once I get my feet wet and make my own direct contacts and run the boards as I wish, as long as I am making enough for his percentage to cover insurance etc.... I figure I could be loosing out on $10-20k net after you figure the additional expense I would have on my on but then again you can pin point that for sure because you never know how things will go with a new d.o.t number and mc number. To me it is worth it to go this route, get my feet wet, learn what I can from somebody already doing it and then get my own numbers a year or two down the road.

 

Trailers are a breeze and cheap to maintain. Grease every few weeks. Tires and brakes every few years. Reefers are a little more but not that much. A trailer is your money maker. That tractor is the money pit. Lol