average bring home pay for owner operators leased to a company

Discussion in 'Ask An Owner Operator' started by rebeloutlaw66, Oct 24, 2011.

  1. Greasehauler

    Greasehauler Light Load Member

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    Sep 27, 2008
    Minnetonka, MN
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    Because being an O/O and doing it right makes $120K/year. Yes, after all expenses.
     
    281ric Thanks this.
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  3. me myself and I

    me myself and I Medium Load Member

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    Oct 5, 2009
    vernon hills,Il
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    What he said. Whatever rocks your boat but 60k a year doesn't do it for me.
     
    281ric and UKJ Thank this.
  4. 281ric

    281ric Road Train Member

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    Oct 20, 2011
    TX
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    freedom , independence and more money come to mind
     
    BigBadBill Thanks this.
  5. wheresthemoney81

    wheresthemoney81 Light Load Member

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    Dec 28, 2014
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    After 30 vacation days a year and off on weekends maint down time
    Id say 60k on the low end 70k-80k avg and 100k on the high end after taxes. with your own truck trailer authority not a lease purchase company guy. 100k would be specialized type equipment not a dry van ref or plain skateboard.

    You can make this kinda money driving for a walmart ups or ltl company also and be home alot more trucking doesnt pay what it should. Id say even with a drive van an otr independent shouldnt make less that 80k after tax for all the time spent away from family its complete ########. Ups drivers driving 20 foot box vans pull $33hr. Brokers should be kept to 10% profit margin by law this #### is outta control drivers making $1.65 for all miles is bs it cost .80 cents a mile to keep the truck moving thats not including truck payments insurance authority cost

    Dont buy a truck you wanna do something for your neighbor start a brokerage and only charge 5 to 10 percent on every load with a guarantee. if there were enough of those brokerages wed only go to them and put the rest of the low lifes outta business


    You want the big buck find good drivers good customers amd buy 5-20 trucks theres money to be made but your not going to get rich from one truck
     
    Buck73 Thanks this.
  6. crgoode

    crgoode Bobtail Member

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    Jun 21, 2008
    Clinton, SC
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    All I can say to that is a big amen.
     
    BigBadBill and UKJ Thank this.
  7. usa123

    usa123 Bobtail Member

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    Mar 19, 2015
    MN
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    :biggrin_2556:... hi gh, how many miles do u run a wk ... Im more local and thinking more otr ...
     
    Last edited: Mar 19, 2015
  8. im6under

    im6under Heavy Load Member

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    Feb 13, 2007
    iowa
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    Opinion bump.

    I love the cpm vs % arguement.

    % vs cpm can be the same number and most often is the same number. The same exact number !!!

    And yes i know this is an old thread, humor me...

    Cpm is an expression of average income to the truck. Some prefer to here a bigger number loaded or out bound %, and then put up with a lower empty cpm or lower % backhaul run.

    These are all designed and used to confuse the driver, lease operator, and owner i got my own authority operators.

    Its simply more convenient for different folks to plug money into their equations one way or another, though few express fuel as a % of load vs the actual dollars posted at the pump.

    Some drivers do better than others company wise and business wise.

    Some are lucky and dont have a crank go bad on late oil changes and others have bearings spin with ontime oil changes and good samples.

    In that vein, i dont like the liability of owning the truck. One guy operation, making 10k a year more than me sounds good until he has an accident deemed partially his fault by a jury and his partial is $15 million dollars and your insurance covers only $12 million.

    While you are claiming bankruptcy their attorney is busy piercing the corporate veil and he doesnt care if the house is in your wife's name... or the brother in law's...

    Not that i wouldnt take the chance if i felt adequately compensated.

    I am just saying, i sleep much better as a company driver than i ever did while i was in business. And that business paid a hell of a lot more than trucking... but it was stressful.

    I dont like stress. Where i work pays good. Not fantastic! Sorry guys (it does pay upper tier money), i just reserve "fantastic" for wages that are so good, i only drive in good weather. Not in the snow and ice, but also not on too nice of days because i am out on the lake those days.

    Nope... dont know anybody making cardiologist wages driving a truck.

    I am home most weekends, home most nights, get most holidays off, have 3 weeks pd vacation, good pay and a nice bonus program 5 times a year. Its sweetpants trucking...

    And i am always looking for more... then i wonder what you guys are doing? Gone a week or 2 or 6... then 3-6 days off...?

    Omg... no... not for any company or my own would i be gone 2 weeks. Not happening.

    If you do that for yourselves and your families, my hats off to you but not me.

    And i keep coming back to... i can buy a truck for $150k hope nothing goes wrong... and build equity... via 6 years later my junk might sell for 40-50k.

    Hmmm.... or i could just stuff that 15ok in my 401k and its worth the same or even more. whatever works for you...
     
  9. Tropsnart

    Tropsnart Heavy Load Member

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    Pavilion New York
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    Some drivers need a security blanket, others don't.
     
  10. TallJoe

    TallJoe Road Train Member

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    Chicagoland
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    I feel more stressed to work for someone else. I can't even mentally withstand to call someone "my boss" not to mention taking orders. I realize that's mental case.. not curable, I'm afraid
    I need to stay o/o not to go nuts. Even if I make less than a company driver, still my health is more important.
    See how people can be different.
     
    adayrider Thanks this.
  11. Cowpie1

    Cowpie1 Road Train Member

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    Nov 25, 2008
    Kellogg, IA
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    How one does it really doesn’t matter. It is the end result that counts.
     
    im6under Thanks this.
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