What's the going rate for an o/o

Discussion in 'Ask An Owner Operator' started by Cabtom68, Jul 6, 2017.

  1. DUNE-T

    DUNE-T Road Train Member

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    Detroit, MI
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    Why do you need your own authority if you want to sign on to somebody? How much is your insurance for the year btw?
     
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  3. Cabtom68

    Cabtom68 Bobtail Member

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    Ok well I've been a company driver for 17 years don't really know why it took me so long to come to the o.o side but I'm here might have rushed into it but no turbo h back now I have a 2011 international pro star I still haven't been on my own yet I just got the truck actually don't even have plates got a 30 day temp plate doing irp, tomorrow just been going through alot if I would have known it was gonna be this hard might have not done it but I'm here now and I'm asking for a little help from an experienced o.o I'm trying to lease on to a good company that I could run under my authority I actually waiting on foward air to get back to me hear they pretty good any help i can get will be greatly appreciated need to start making money soon before this truck payment and insurance come up thanks
     
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  4. Cabtom68

    Cabtom68 Bobtail Member

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    Apr 7, 2017
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    My insurance is 1500 a month ,some companies will let me lease on under my authority, I hear is pretty hard to get loads without a trailer so that's why I'm trying to lease on
     
  5. Cabtom68

    Cabtom68 Bobtail Member

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  6. Cabtom68

    Cabtom68 Bobtail Member

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    It was so easy as a company driver no me of this extra #### to worry about
     
  7. DUNE-T

    DUNE-T Road Train Member

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    Detroit, MI
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    Ok man, this is just crazy. You bought a POS truck, opened your own authority, don't have money for a trailer and have no clue where to get work after being a driver for 17 years. You are either a troll, or a special kind of stupid.
     
  8. rahtek

    rahtek Light Load Member

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    I was going to post a snide comment but I can feel the anxiety in your post. I've gained a lot of information from members on this site so ill try to contribute for a change.

    You need to give up your MC. You don't have the slightest clue on how to be a single truck business owner but you want to be a Motor Carrier? This makes no sense whatsoever.

    You're so under funded there is no way you can make this work. Without a trailer you would need to apply to a power only company and last time I checked the most they're paying is around 1.40. That's if you have multiple trucks, as a single truck o/o there's no way you're breaking 1.30.

    Give up you're authority asap and sign up with one of the big guys like Landstar. I can't really help you with picking one as I have always worked for smaller companies. Use the Search function on the top right corner.

    The spot market is really good right now and anyone can make money just by simply moving the truck. I averaged 2.15 for the entire month of June, on all miles, just to give you an idea.

    As for right now cancel your insurance and just get bobtail from OOIDA. Im paying 40 a month for bobtail atm.

    Also get a Business credit car like Chase Business ink that has no interest for the fist year because I dont see you getting a check by the time the bills roll in. Most companies pay you at the end of the second week.
     
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  9. rahtek

    rahtek Light Load Member

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    I have a feeling there's a Maxxforce in that Pro Star. Buddy is in trouble
     
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  10. Brettj3876

    Brettj3876 Road Train Member

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    Land of local
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    Please tell us its a Cummins. Serious question. Can you still back out on the ppurchase? If its a Maxxforce, i mean shatforce your going to be sitting every other wk.

    I feel for you man but 17 years experience and you just jumped in head 1st with no F's given.
     
  11. Globalman65

    Globalman65 Bobtail Member

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    It's hard to believe you made the jump to o/o without a business plan. With 17 yrs you say driving you completely went backwards. The trk you got was a bad investment, you got your M/C without knowing how to operate it. I know we all make mistakes but yours is the worst one. Re evaluate and stop the mc. It will put you in bankruptcy court fast. I started with one trk and a great business plan and four month reserve in the bank. I don't know what kind of advise you got but it's all wrong. Email private and we can talk and I can help you if you truly want it.
     
    JimmyWells Thanks this.
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