325,000 per year owner operator

Wow, lots of disinformation here, unless you actually know what you're saying, maybe you should keep your lips zipped. If you do the homework, download the OOIDA spreadsheet for OO, put in all your fixed and variables, averaging 130K miles per year, that's 2500 a week @ $2.15 a mile that's $270K a year, some do more and make more.

 

Lots of bad info here, yes. But why would anyone want to drive 130k miles a year. I personally didn't buy my truck to become a slave to it.

But it is a good example of how the OPs question was not out of reach for a chem guy.

 

130k miles a year? Screw that. I didn't have kids to never see them.

 

$325k gross? Sure! But its not about what you gross... its what you keep after expenses.

 

It's not impossible, but it's going to take someone who really understands business. If you're going to be completely independent, you need good insurance, a plan B if your truck breaks down, a lot of shippers demand a relatively new truck because of issues with break downs...

Outside of that, you have to build business relationships. If you go out, and keep bringing loads into the same warehouse to get yourself home, you start talking to the people there, start knowing their people in shipping and receiving, maybe even in dispatch. Once you build a good reputation, then you start working on a deal with them, now they might be willing to offer you those higher paying runs that they're giving to the carriers. Then you build more of a reputation, and now you can negotiate a higher pay thanks to your perfect delivery record...

$325/year gross in ANY business isn't much. That much net as a single truck driver is a little hard to believe, but not impossible, just extremely unlikely. But someone who knows what he's doing, knows how to do business, knows that running a business is kind of your entire existence for the first couple years, getting a net pay for over 100k / year is actually pretty realistic. If you're only making the same as a company driver, then sadly, you suck at being independent, or you're not really independent, you're just leasing a carriers truck. (if you want to lease, lease from a dealer or leasing company. It's still a lease, which you need to make sure you understand exactly what that means, it has benefits, but they come at a cost, but you're free to use that truck for whatever you want. Just make sure you look at all the rules of the lease, limited miles isn't a good think in trucking if you don't have a consistent route.)

 

No, you had them because practicing was so fun.

 

Sorry I realize this is an old post..

Wouldn’t 300k + easily be achievable for an owner op that hires on a team driver and pays them .45cpm considering the truck gets 2-3$ per mile @ 4500-6000 miles per week?

Also, I would assume most Owner Operators are collecting settlements through their business entity, not personally. With that being said, if you add yourself as an employee to your business, your “business” can contribute up to 52k per year towards a 401k fund pre tax. Build up your 401k fund for a couple of years and buy a new truck with it.

 

Your gross determines your tax bracket not your net.

 

I know this, what exactly is your point?

 

Friend, you don’t want to do that. You’re caught up in MILES. “Hey let’s get a team and run 250000 miles and gross $300000!” No offense, that’s stupid.

There are some owner ops that do $300-350k just as there are some company drivers that do $100k. But they don’t chase miles.