1. How long does it take for you to find a load where the pay is profitable after expenses?
2. What is the total amount of time used on average to communicate with broker and get paid? (I am a company driver and not sure how much time is used dealing with brokers).
3. Does DOT harass you more since you are an owner operator? (I noticed most O/O are pulled over on the roads or being checked at the weigh stations. Though I am not sure if they just violated a rule).
4. Is it possible to work for four weeks straight and take a week off and still be profitable? (My goal is $50,000 per year as a trucker as I have other income from other things.)
Four simple short questions please
Discussion in 'Ask An Owner Operator' started by NewNashGuy, Jan 30, 2014.
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2) I'm leased so I get paid every Friday and don't have to deal with invoicing, sorry no help.
3) Total myth IMO I haven't been singled out in the past 5 years as an o/o than I was the previous10 as company driver. Maintain your equipment and don't worry.
4)You ought to be able to. Everyone's results there vary. You can't expect to hit the ground rolling and have a perfect year. There's a lot to learn, mistakes will be made, things will break. If you have a break even year that first year you've done better than most.
Don't hamstring yourself by having set scheduled times to take off. I've left a lot of money on the table due to that. Even the first two weeks of Jan this year there was still plenty of name your rate high dollar stuff, which some of us kind of figured there would be, but I didn't care I still stayed home. Last year July was unusually busy and I didn't hit a lick.
If you're talking 100% brokered freight don't even consider working year round if you want to stay on profitable freight. It comes and goes in cycles, roll when it's there, park when it's not or if you need to catch your breath. With dry van you can count on about 6 or 7 really great months out of the year, a couple or 3 where it's ok, and others it's just the pits.. ..from my experience anyways which is kind of limited 2.5 years and in a funky economy to boot.NewNashGuy Thanks this. -
1. Depends on the market, how early you're looking. Time of day. Is product 'in season' if it's reefer, etc.
2. Not sure what you mean? Usually to negotiate a price is just a few minutes. As for getting paid, most anywhere from 7 days to 30 days. Depends on if the payment/bills are mailed, or direct deposit, comcheck, etc and whether you can fax/email/transflo them the bills/POD.
3. In my time driving leased to a carrier, I had just over 1 inspection a year. Since I've had my authority, I've averaged 2 inspections a year. No real difference in how I was treated during any of them. I think they scrutinized my paper logs less now than before. Guess it's how you present yourself. Seeing how a 'big company' operates, shows how things should be presented to a scale. Get a permit book, keep all available papers in it in clear sleeves. Makes it a lot easier to show all your pertinent paperwork and you look professional.
4. Yes. If you can't afford working only 80% of the time, you would need to reevaluate your business model and pricing.NewNashGuy and rollin coal Thank this. -
End to end, maybe 3-4 calls on average about a single confirmed load. A few more that don't work out. A few more to just BS a while and remind them I'm around. And a couple of cold calls from brokers each day. Yeah, lots of phone time.
NewNashGuy Thanks this.
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