Haulng fuel for yourself

Discussion in 'Tanker, Bulk and Dump Trucking Forum' started by driver81, Oct 9, 2014.

  1. driver81

    driver81 Bobtail Member

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    Feb 6, 2013
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    Does anyone know is it good money getting into hauling fuel for yourself. I have been hauling fuel for 6 months and I would like to get more experience in doing this, but I have thought about hauling fuel for myself, and I would like to know if it is worth it, because I know about the rules you got to follow at the racks and dot rules, and is it expensive getting a good used tank trailer.
     
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  3. moraramis

    moraramis Light Load Member

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    Aug 2, 2014
    Arkansas
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    They give you a discount if you smoke like a chimney while refueling the underground tanks at a gas station. Nothing like terrifying everyone around you in a square block.
     
  4. casc1

    casc1 Light Load Member

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    Nov 22, 2011
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    Check the cost of insurance before you get all excited......probably not worth it for a one truck operation.
     
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  5. DrtyDiesel

    DrtyDiesel Road Train Member

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    Jacksonville, FL
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    I've wished many times our company would allow Owner Ops. I just want a stick and a long nose pete. I can't stand these auto transmissions and set back axle trucks haha
     
  6. Big Duker

    Big Duker "Don Cheto"

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    Weatherford, TX
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    Getting on as OO is not that hard. Most will require you use their trailer. Not sure why. Lot of liability. Would probably get another yr or so before I made that move.
     
  7. GasHauler

    GasHauler Master FMCSA Interpreter

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    Vegas/Jersey
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    It takes a lot of money in bonds to run O/O. The last I looked it was $2 million before you could even hook up to load. I'm sure the insurance is out of this world too because clean up cost can run into the millions easy. It would be nice to see more O/O's hauling gasoline but they are just not out there in numbers.
     
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  8. Pcpirate

    Pcpirate Bobtail Member

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    Mar 18, 2013
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    Hey driver81, i am an owner operator, and i can tell you that my insurance runs me $20,000.00 a yr. Every terminal is slightly different in their ins. requirements, but most will require 4 mil. coverage for your auto, and then they usually require an additional 5 mil. Gen. liability. You will have to get your own icc authority, and the gov. makes you have 5 mil. coverage for that. Then you need gen. liability for an additional 5 mil. In my state I can only get a gen. liability policy for 1 mil., then i have to get what they call umbrella liability for the additional 4 mil. to bring the total to 5 mil. for the general liability. I have a total of 10 mil. Insurance coverage! Make sure you have someone that is promising you some work, because its a lot of money that you will be laying out to be able to haul, and if you dont have someone lined up to haul for, it gets pretty nerve racking real quick. Dont think any of these haulers stick together either. If you own your own trailer, they will no longer talk to you. They are afraid that you will be trying to steal there customers. A used trailer is going to set you back too. There not cheap. Hopefully your tractor is paid for, because if you do he math, a tractor, a trailer, ins payments, fuel to run, it adds up to a lot of money every month to pay out. If you start running hard, paying out is not a problem, but if work is real spotty, then it can get tricky! Good luck, i hope this was helpful.
     
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