Fed Up with being a Company Driver, wanting to be O/O.

Discussion in 'Experienced Truckers' Advice' started by TruckerVinny, Sep 18, 2023.

  1. lual

    lual Road Train Member

    Oct 22, 2020
    SW Georgia
    Based on the posts/threads I've seen elsewhere on the Forum related to this topic -- going independent/lease about now is a lot like trying to sunbathe at the beach....while a hurricane is making landfall.

    -- L
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  3. Long FLD

    Long FLD Road Train Member

    Mar 4, 2015
    If you lease on to a company with plenty of their own freight there isn’t much to worry about. But leasing on to someone to run stuff off the load board wouldn’t be an ideal situation.
    Siinman, TripleSix and tscottme Thank this.
  4. Wargames

    Wargames Captain Crusty

    Jul 22, 2010
    Get a hold of Chinatown he can find a good job
  5. gokiddogo

    gokiddogo Road Train Member

    Mar 5, 2012
    Ontario Canada
    Waiting for things to be good will just mean trucks will cost more, if you got the cash to buy now and hold out til rates improve you may be alright. Jumping in when everything is already good look what happened during covid. Rates thru the roof truck priced as well and now they are giving the trucks back to the lenders cuz rates sank. The rates change faster than the price of equipment. So if you can swing it, use it to your advantage. If that's what you have your heart set on.
  6. Short Fuse EOD

    Short Fuse EOD Road Train Member

    Jul 29, 2015
    Yep, best time to enter is when the market for your trailer hit the low and is is climbing out. Question is when is that…. There are market predictions to assist so it’s not totally blind. Right now equipment that is 1 or 2 years old can be found cheap.lots of guys didn’t make it thru.
  7. Siinman

    Siinman Road Train Member

    Mar 5, 2017
    Kansas City, MO.
    Also remember when times are tough is the best time to get in. If you can make it in the bad you will thrive when it is good. Makes a better business person in my eyes for the long run!
    Rideandrepair and dwells40 Thank this.
  8. Brandt

    Brandt Road Train Member

    Sep 17, 2012
    I had my own truck at Landstar for about 10 years and never made great money. About the same as company driver and less some years. I’m back to driving company truck. I miss the freedom and get tired of the company BS but don’t miss the bills or repairs of having my own truck.

    when go home now I turn off the key and don’t have any worries. No freight or low paying freight, not my problem I have guaranteed minimum pay. $4.50-$5 for gallon of diesel that’s the owners of company problem. If the truck needs repairs I tell them and hopefully they can fix in the company shop, if not or they don’t fix it in time. Then it’s Freightliner or a tow truck.

    Im joking a little, but when I had my own truck and at home I was always looking for my next load. Because you always had bills to pay. I missed out on the high paying freight everyone had been getting last several years. The repair bills can add up very quickly. Plus paying for repairs that don’t even fix the problem.
    Rideandrepair, gokiddogo and lual Thank this.
  9. FLFrenchie

    FLFrenchie Bobtail Member

    Sep 11, 2009
    I totally understand where you’re coming from. I’m at Landstar 11 years now but about to wrap it up and go into a whole new industry. I didn’t make that much either except first few years with truck depreciation and when the market was hot- but nothing good lasts. The repairs were getting crazy too. I also don’t think I could handle company driving, freedom at Landstar was pretty addictive. So, I decided trucking was a losing cause for me and made steps into something else.
  10. Gliding ProStar

    Gliding ProStar Heavy Load Member

    Nov 12, 2016
    Waxahachie, Texas
    My number one question for you is this...

    Do you have a plan? A real plan?
    Do you have capital/money saved, etc.?

    If you have a plan put it out in the open here and let's discuss it so we can help you make the best informed decisions.

    I am a firm believer of having a second or third pair of eyes and brains to look over my ideas or plans to see if I missed something.
  11. TruckerVinny

    TruckerVinny Medium Load Member

    Dec 10, 2015
    I truly appreciate all the various opinions and suggestions. The industry is brutal right now and driving 400 miles on I-70 today put at least 1000 more grey hairs on my head but I love what I do. I love to drive and see the world go by. The only other thing I would like to do is open a Bar&Grill but that is just as tough, maybe worse.
    My plan is not set in stone yet, I started working towards getting my authority and paused when I ran out of things to do without actually having a truck. That is about the time of the election and the economy slipping into this "**** show" it is now. I am based in the midwest not far from Columbus so freight is plentiful both coming and going, this gives me some confidence on having work available, how it is paying, that's another story.
    To answer the question about being "fiscally mature", I just mean that there aren't any speed boats or diesel pusher impulse buys happening here. I have a home, family and decent personal economy. I have confidence that the company will operate as well as it can getting started, my partner in crime has a 4 year degree and is ten times smarter than me so she'll be assisting as we learn the ropes. Her biggest worry is "where are you going to park" as if it will ever stop moving. :)
    My new gig has leveled off a little and work is coming my way better but not perfect, too much "hey can you...", I hate that ####. I don't think moving forward before Spring is likely so stay tuned. If the world starts spinning a little smoother and opportunities arise I'll update the feed.
    Thanks again, Vinny
    Rideandrepair and Bonita Nut Thank this.
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