A few questions for owner operators

Discussion in 'Ask An Owner Operator' started by CobraDane, Oct 17, 2012.

  1. CobraDane

    CobraDane Light Load Member

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    Jun 28, 2012
    Weatherford, TX
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    Hi everyone,
    Thanks in advance for reading and responding.
    I am considering becoming an owner/operator and am just starting my research. I am planning on tracking my company truck's expenses for at least 6 months to a year but I did have several questions for you guys/gals out there with experience.

    1. My biggest question is what truck do you recommend? Obviously I want something spacious and comfortable but in your opinions what gets the best fuel mileage, has a track record for fewer costly repairs, less maintenance issues? Right now I am in a 2012 Pete 386 which I like well enough but wish it was a little wider and had a bit better turning radius.

    2. What do you typically pay for insurance? Is truck insurance much different than car insurance?

    3. Aside from fuel, repairs and insurance what other expenses should I keep track of?

    4. Right now I am a company driver for Werner. Any owner operators out there that are pleased with them? if not, what companies do you recommend driving for as an Owner Operator and why?
     
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  3. gokiddogo

    gokiddogo Road Train Member

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    14,769
    Mar 5, 2012
    Ontario Canada
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    1. You can buy a new Freightliner cascadia and get probably 8 mpg steady. It will most likely rattle apart on 4 years and 1 day. You can buy an older pete or kw and it will hold together forever, but it will burn more fuel. You could also buy a newer pete/kw glider and drop an old engine in it. This would be what I would do if looking for a new truck.

    2. Your insurance will be based on TRUCK driving experience and claims. If you have little experience, it will be expensive as hell. If you have claims, it will be expensive as hell. Do not be surprised if you get quoted 24,000 a year from some.

    3. EVERY expense that truck incurs. CAT scale tickets. Fuel. Repairs. Tires. Oil changes and grease jobs. Insurance. Plates. IFTA. Fuel card fees. 2290 heavy use tax. NM tax. NYHUT. OR WDT. KY WDT. Indiana fuel surcharge. And many more ... Oh, of course,
    *****DRIVER WAGES***** Add to these expenses what YOU ARE BEING PAID NOW, to your business expenses.

    4. I can't say good or bad about Werner but you should look to see how many times that E-log prevents you from making a delivery or pickup, or basicly just using your time like someone with a brain would. How much lost productivity does it bring? You may do better off somewhere where you can bend the rules a little when you need to. If this device records every move you make so rigidly, it may hinder your success. I would never put a truck on with any outfit that pays x per mile. That is how company drivers are paid.
     
  4. Brownsfan16

    Brownsfan16 Medium Load Member

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    Sep 7, 2011
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    Being a O/O is obviously broken into two parts. One part is driving the other is running a business. Me as a new driver I am most concerned about getting a load from point A to point B safely. The business/logistic side can be handled by other people if you want no part of doing it. I am sure there are many O/O who do everything themselves and that is just great.

    I think the transition into the industry as a new O/O can be made easier if you have people with a working knowledge of the industry working for you and helping you a long the way. I am not sure how many O/O actually hire people to work for them but I am sure there are some out there that do.
     
  5. cdub304

    cdub304 Light Load Member

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    Dec 7, 2009
    Rockford,IL
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    Cobra may I ask what makes you want to be an o/o and how much do you make a year?
     
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