Giving up Authority

Discussion in 'Ask An Owner Operator' started by TruKer70, Feb 3, 2023.

  1. TruKer70

    TruKer70 Bobtail Member

    Feb 3, 2023
    After 5 years of having my own authority, I am thinking of giving it up.
    Is it even worth it anymore? These low rates on load boards are awful.
    Does anyone have the same issues?
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

    Aug 31, 2018
    Give it up and do what? Lease on and lose 15 to 30% of the load?

    Do some driving around in the pickup and find a customer to haul some for.
  4. JonJon78

    JonJon78 Road Train Member

    Jul 1, 2018
    Losing on what percentage though? Hell, for playing best of both right now losing 30% off a direct load being leased on can net ya more than 20% on what a brokered load may pay... just saying...
    bzinger, peabody747 and Rideandrepair Thank this.
  5. Midwest Trucker

    Midwest Trucker Road Train Member

    Aug 31, 2018
    That’s just my opinion and didn’t mean offense to anyone. I’ve never leased on so don’t have all of the data but it can’t be any better then being strategic on the spot market. Not to mention you should make far more during good times which in theory should offset things. I personally feel if I couldn’t make it as an independent then I’d have a really hard time justifying being in this business.
  6. LoneRanger

    LoneRanger Road Train Member

    Jun 3, 2018
    Leased on to a company with direct freight is the key, not a company that uses the boards.
    bzinger and Rideandrepair Thank this.
  7. Short Fuse EOD

    Short Fuse EOD Road Train Member

    Jul 29, 2015
    Fortuna Faviet Fortibus
    Outstanding advice
  8. Gliding ProStar

    Gliding ProStar Medium Load Member

    Nov 12, 2016
    Waxahachie, Texas
    Being an owner operator with your own authority is exactly what you make of it. Driving is the easy part. You have to be a good business person and make educated decisions for your company and the sake of your livelihood.

    With the amount of time and money you have invested in yourself and your equipment don't take the easy route and give up. Do something different. Like @Midwest Trucker said, hop in your pickup and become a salesman for your business. Do the hard work and go out and get the work that you want. Go knock on doors and make phone calls to find the money you want to make. Quit chasing the load board freight.

    The hardest part of owning a business is finding customers but if you put in a little bit of effort you can set yourself up to succeed. As a truck owner competing against every other truck out there you have to set yourself apart from the rest.
  9. Kenworth6969

    Kenworth6969 Road Train Member

    Jul 3, 2020
    Nowhere is safe anymore.

    It was only a matter of time.

    Screenshot_20230203-192144_Chrome.jpg Screenshot_20230203-191951_Chrome.jpg Screenshot_20230203-191939_Chrome.jpg
  10. Short Fuse EOD

    Short Fuse EOD Road Train Member

    Jul 29, 2015
    Fortuna Faviet Fortibus
    The truth is all over. Contract freight may pay less than spot market, but may be more manageable. Booking last minute spot market loads work if you don’t have dedicated customers to serve in between. Some do well with dedicated lane via a 3pl or a customer. Either way you can go out of business if the math doesn’t add up. Some independents make more money by the last minute stuff in the Midwest than contract. All depends on how good you are at your style that you operate. I do brokered freight and customer. My minimum spot market long haul rate is 3 bucks a mile Reefer and 2.85 dryvan. That’s the bare bottom for certain lanes to take care of my customer. If I don’t retain my customer and go full spot market that minimum rate would be higher, as I wouldn’t have to be in a certain place and time and would be more dynamic. Hasn’t changed for over a year. Not getting rich but doing fine. Even if you do market only you can’t just rely on what you see. Have a good service relationship and you can price the quality. Folks are still paying a little extra for it. -Just not the bottom of the Barrel brokerages that have customers that couldn’t care less about quality.
    Last edited: Feb 3, 2023
  11. Dino soar

    Dino soar Road Train Member

    Dec 8, 2017
    Well I think a lot of Truth has been said here but I think it depends whether or not you want to have direct Freight. Some of us do not and part of the reason of being in this business is the flexibility of not having a steady customer.

    In that case, when times are like this, it may work out better to be somewhere that they have an army of sales people and at least the piece that you're getting is a piece of 100%.

    Everybody's situation is different and whatever you gotta do, you gotta do.

    Everyone please be safe in your travels.
    Rideandrepair, TallJoe and Siinman Thank this.
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