From O/O to driver and now want back to be an O/O

Leasing onto a carrier takes some weight off your shoulders (less paperwork, for example), but it comes at a cost. Getting your own authority gives you lots of freedom (no company policies), many opportunities to grow in business, better pay (eventually), more flexibility in routes, but also requires lots of money to start, higher responsibility as an owner of a trucking company, risk losing thousands if you fail, and so on.

 

You could always lease on to someone for a while, make sure your truck is okay ( I assume it's been sitting for awhile), save some money, and then see where you are at.

 

With 10k capital I would probably lease it to a company that pays by percentage that you can pick your own loads, like landstar. That will give you more of a cushion on tire discounts, big fuel discounts from the start, payed every week, after a while they will loan you money if need be, and here’s a big one for you- no trailer rental fee.

Then as you work that you can get things in a row for your own authority maybe. Or you might just stay if you like it.

I don’t know if you live in Florida or how deep in Florida , so leasing to a local company might secure more Florida freight but it would probably be a set rate per mile which I usually frown upon.

Just my thoughts

 

No guts... No glory... Blaze your own trail.

 

Landstar wants you to believe that to use their company’s dry vans, there is no trailer rental fee. The rental fee has been worked into the percentage of the load they will pay you. I see it as a business strategy to get more people to sign up. Currently, using Landstar’s dry van will get you 65% of the load. If you bring your own trailer, you will get 72% of the load.

It may seem like I don’t like Landstar, but not at all. Landstar has to be one of the most legit carriers to lease onto. I wish I had leased onto them when I started.

Landstar Owner Operator Pay and Compensation

 

Ok.

 

Used to be 67% and 72%

 

You could go step or flat with landstar. Are you south or north Florida? There are chemical companies up north.