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Have your Own authority? Help please.

Discussion in 'Ask An Owner Operator' started by Cusmar22, Jan 17, 2018.

  1. Jan 17, 2018 #1
    Cusmar22

    Cusmar22 Bobtail Member

    29
    2
    Mar 23, 2014
    Baltimore,MD
    0
    I'm planning on getting my own authority in 2019 I would like to have one reefer and one dry van trailer to start I have trucks now but I'm leased on to a company and would really just like some good advice on does and donts my first year. I hear the first year is there hardest to make money because of not being a establish business. I also hear that using load boards long term is a bad idea. Any advice would be greatly appreciated thank you for your time.
     
    Cusmar22, Jan 17, 2018
    Cusmar22, Jan 17, 2018
    #1
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  3. Jan 17, 2018 #2
    6wheeler

    6wheeler Road Train Member

    2,696
    4,774
    Aug 30, 2009
    0
    1 trailer is all you need.
    Loadboards work but most of the time its leftovers.
    Learn to fix your own truck. Youtube helps.
    Start shopping insurance
     
    6wheeler, Jan 17, 2018
    6wheeler, Jan 17, 2018
    #2
    kwan2323 and Cusmar22 Thank this.
  4. Jan 18, 2018 #3
    kf4pwb

    kf4pwb Light Load Member

    75
    22
    May 7, 2015
    0
    $.25/mile maintenance
    No more than $1500 truck/trailer payment
    5.5 mpg
    $1000/month in the warchest for truck replacement and down payment for truck #2
    Driver pay = 25% of load
    Daily profitability target = $175
    Misc expenses $500 per month
    Tags $150/month
    Insurance = $1300/month cargo and liability

    I've been making $2000/month to the company with this off load boards per truck. Some months double that but average that on a yearly basis with truck breakdown, repairs, maint, vacation, etc

    Startup cost:
    39k for tractor
    10500 for 11 year old trailer
    20k float (brokers don't have your $ waiting for you at the drop off). I've waited up to 45 days for a couple of them to pay
    Then I immediately spent 15k in repairs so make sure to have some $ for that.
    So between the float and $ for repairs, have an extra $35k
     
    Last edited: Jan 18, 2018
    kf4pwb, Jan 18, 2018
    kf4pwb, Jan 18, 2018
    #3
    Cusmar22 Thanks this.
  5. Jan 18, 2018 #4
    Cusmar22

    Cusmar22 Bobtail Member

    29
    2
    Mar 23, 2014
    Baltimore,MD
    0
     
    Cusmar22, Jan 18, 2018
    Cusmar22, Jan 18, 2018
    #4
  7. Jan 18, 2018 #5
    mugurpe

    mugurpe Medium Load Member

    395
    274
    May 5, 2013
    Arlington, MA
    0
    find the doubleyellow company driver to O/O thread.
     
    mugurpe, Jan 18, 2018
    mugurpe, Jan 18, 2018
    #5
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