If you want to buy a truck to “make more money” you’re buying it for the wrong reason. If money is the driving factor you’d be better off with a good paying company job with benefits.
Foward air claims $450,000 a year for team owner operators
Discussion in 'Ask An Owner Operator' started by thundermoon273, Sep 6, 2020.
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Tropsnart, ZVar, Trucking_Surfer and 3 others Thank this.
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I'm working for total transportation of mississippi team driving which is basically us express. I make about $86,000 gross. That's as a rookie. Dryvan and mostly Wayfair fed ex and Amazon. All light loads with 68 mph governor. I'm just more ambitious than $86,000 a year. I'm only netting $65,000 I need more money. Him and I can do 7,500mi a week easily.kimbosa, Midwest Trucker and Speed_Drums Thank this. -
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The key words in your thread title are Owner Operators. You might get the 450k but running that hard how much of that is going to be spent on fuel, tires, maintenance, truck payment, insurance, ifta, accounting, regulatory/authority? Share those costs or just one of you paying them? My opinion, think long and hard before you jump.
Trucking_Surfer Thanks this. -
That's good money man. Not many jobs are going to pay that much more than what take home. I would stay put unless you can get on one of those LTL gigs previously posted. You grossed 86k, that's hard for most solos to do. Even if you buy a truck, it's a real chance your take home may be less than what you make now. Lots of costs. I will concede however, if one wants to be an owner operator over the road, teaming is probably your best bet. Loads dont really pay much, and at those rates, you would have to run more miles. Teaming would be totally helpful in that regardBrettj3876 Thanks this.
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The Amazon business model, not much money to be made per mile but if you run more miles you’ll make more money. Lol.LtlAnonymous, Trucking_Surfer, bryan21384 and 2 others Thank this.
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Reminds me of the owner op who told me many years ago “I am loosing money on every load, I may have to start pulling 2 a day”. I prefer to run the least amount of miles for the highest revenue per mile.Trucking_Surfer, bryan21384, bzinger and 4 others Thank this.
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Okay, let's say you're making $450k a year and starting off with a new truck. Figure you're running 300,000 miles a year to make that much and you'll have a truck that will need to be replaced or seriously overhauled after 2 years. A new team truck will cost you $130-$150k, or at the very least it will need $50k in repairs/maintenance. Now your $450k is more like $300k divided by 2 is $150 gross per driver for working your butts off solid for 2 years. You'll also need to buy your own medical insurance, and a ton of other costs that go along with being an O/O. Is that really worth it?
Trucking_Surfer, bryan21384 and Banker Thank this. -
here my 2% it will hard if you lease on to these big megas. i tried this with brother in law and we split it and brake downs and home time for birthdays and school stuff for kids and son. i made about what i did at fedex company driver. and that was 2010 i made about 65000 year city driver/road driver. they just don't pay enough. and many times we waited on frt. for 9 to ten hrs. i would scream at dispatch tell them we are team this truck dont stop. LOL! THEY DIDNT CARE.bryan21384 Thanks this.
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Right!!! Lol I'm starting to see more teams pulling Amazon trailers lately......I've heard the rates were low, but are they insultingly cheap?
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Here's my worthless opinion........go run teams with someone like Old Dom or R&L, these days you can make $100K+ per year, with good benefits. In my previous life (2000 - 2016). I had my own authority, pulled a reefer. I hauled direct for a shipper in Florida for 15 years, they loaded me roundtrip, I made good money. I ran 11,500 miles per month ( 2 Florida to Cali turns per month ) and grossed $24,000 a month. I had the fancy trucks and new Great Dane reefers. Now days with Elogs and all this BS (people cutting rates, etc), I would go pull doubles, it's super easy, it's terminal to terminal, or maybe you meet a driver at a mid point. You have nothing to worry about, let them fix the truck and pay for insurance. I'm not saying LTL freight pulling doubles is always rainbows and unicorns, but it beats dealing with most worthless morons at these warehouses.
Cheersautopaint, aaronpeterbilt3787 and Long FLD Thank this. -
So I guess if you grossed 24000 a month with your own equipment and authorities, I’m doing pretty darn good grossing 22 a month working for a carrier, pulling their trailers, their dispatchers. Good to know

PS - said carrier pays everything. Plates, insurance, tolls, everything except fuel.
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