Authority or not....

Discussion in 'Ask An Owner Operator' started by Sharky88, Jan 11, 2018 at 7:34 PM.

  1. Sharky88

    Sharky88 Medium Load Member

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    Ok so here it is. I have been a contractor for the last 20 years and am thinking about getting my own numbers and finding my own freight. I know my costs for running my business as a contractor but not sure about insurance etc. as a new entrant. I am sure it will be up there!

    I am kinda worried about dealing with brokers. No experience with that side of the business but I am sure i will learn lol. I have been reading threads on here about running on your own but it is still scary. I am so used to having some one find freight and running with it. I actually haul LTL medical equipment across the country and the money is good but I think i can do better and not have to work as hard.

    So any thoughts or advice?
     
  2. Scooter Jones

    Scooter Jones Road Train Member

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    I would get a quote asap from an insurance company. Start with Progressive and see what they say.
     
    Sharky88 Thanks this.
  3. Sharky88

    Sharky88 Medium Load Member

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    yeah i was thinking of them. I have insurance with trans protection right now but again that is being leased to a carrier. I will find out if they offer insurance to new entrants as well.
     
  4. Ridgeline

    Ridgeline Road Train Member

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  5. Scooter Jones

    Scooter Jones Road Train Member

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    I know a guy who signed with Progressive 6 mos ago as a new entrant. Decent credit, good mvr, etc. $1,400 a month new KW & used flatbed trailer. That's high, but that was the best rate he could find.
     
  6. Sharky88

    Sharky88 Medium Load Member

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    no its around 6K a week after expenses. for what I do its not enough thats why I want to run on my own. I was a mover and now do special commodities with the van lines. the work is labor intensive
     
    Last edited: Jan 11, 2018 at 8:10 PM
  7. Sharky88

    Sharky88 Medium Load Member

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    yeah i figured it was something like that. i pay $998 a month now thats just bob tail and workers comp also i run a high cube drop frame van with a lift gate now but thinking i would get a different trailer
     
  8. freightwipper

    freightwipper Road Train Member

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    There's carriers out there that pay 85-90% that let you run your own show under their numbers.
    It's another option, one I took over getting my authority for many reasons.
     
    whoopNride and Doing_flatbed_nc Thank this.
  9. blairandgretchen

    blairandgretchen Road Train Member

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    Wow! If you're netting 6k in personal income per week after all expenses, that's pretty hard to top.

    How many days did you spend on the road in 2017 - and what's your $ per mile to the truck?
     
    whoopNride Thanks this.
  10. Sharky88

    Sharky88 Medium Load Member

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    I average $2.30 - $3.00 a mile but I work off percentage of load. I ran right around 11 months. And I made a mistake it should have been $6K before expenses. Because of the type of work I do have a lot of labor that has to be paid along with everything else. I'm getting older and don't want to handle every thing in my trailer all the time.
     
    whoopNride Thanks this.
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