Being an O/O under a Carrier's Authority

As far as the carriers go, 2 years driving. When it comes to my own authority I found that having an LLC in operation for two years, showing good profitability, drops the cost on everything; equipment, insurance, and loans should they be needed. Just jumping in with both feet is still possible but you would be spending a lot of money to do it.

 

Final Settlement received for March. After all expenses the business made 5500.00 in March. If I can do that every month that would be great. April is going to be an expensive month. This months I will need to have the oil changed, PM service, DEF doser, DPF clean, DEF filter clean, I am getting the Flow Below put on next week, and I am getting my hood damage fixed from the hit and run. The emission system stuff comes around every 200-250 k miles and will be the bulk of my maintenance expense for the month. I will probably spend about 2k getting all this done. That is what I have estimated.

 

This particular agent was describing what he looks for. Someone fresh like me is harder to insure. He told me if I come back to him with two years of operation as an LLC with the corresponding increase in experience he could get me a much better deal. Having a DOT number in operation was not as important to him or the other parties I spoke with. I guess it depends who you get a hold of regarding what they see as important.

 

I understand the difference and he specifically said that having an LLC in operation helps. It's all about the big picture. It paints a picture that I'm not as risky as someone who is jumping right in without a business history. It is possible that another agent could feel the exact opposite; this was his assessment.

Having an active DOT would help in the future as well. The longer it's in operation, the lower the rates. I am speaking from a start up perspective. As a start up it helps to show you have a stable foundation to stand on.

 

I am trying to stay out and run and he was like, we have a FL run for Monday. That was a resounding no from me. If I have to deadhead from little rock to Rogers just to get a good load I'll do it before I do that run again.

 

I forgot what day it was. I received my final settlement for March which brings the new total to 7000.00. This after all expenses including salary. I was surprised how little I spent on fuel. My fuel cost came out to .275 cpm. I'll be spending a lot in April though, for maintenance expenses. The truck is due for lots of things.