How does Owner-Op work?

You're not trying to pull the horse with the wagon now are you?

 

I bought a truck. Through a company that makes O/O out of company hacks like me in 4 years.

Truck was around 41,000 when I signed it a Midroof Freightliner 120 lite with a 400 or so Kitty in it that would not quit. Compay handles insurance which is a few tens of thousand per yer. They handle the permits for all states. 10 here, 20 there, a fee fee and and a fee fee there eielo. Fuel, you pay it out of your revenue. Truckpayments that comes out of whatever you make. Something like 1500 a month in 1993 money. Tires. 400 each. A new set before first ice every winter. 14% goes into a account against future engine failure. 7% goes into bank against maintaince of all other kinds. on and on and on.

It never stops. Money money and money and that is just for the tractor. Now to find a trailer. Find a INC papers then find your authority. Then find a broker with loads, get these loads run. Call it 1000 for a 750 overnight deliver. That's like 1.10 a mile or a little more. This is 1993 money, I would not do this for less than 2.50 today. Now if you need to get a trailer... eh.. that's a new problem to solve.

I lasted three days until the owner of the O/O building company discriminated against my deafness otherwise legal for CDL then and took the truck back. I let him go after quite a bit of thinking. But no one is going to get to do something like that ever again without being hauled to court.

 

Sure....

You can work for landstar, Schneider, or someone like that. But then you would not be forgetting about leasing. You would be leased on to one of those companies. And going by your question that would probably be the best option for you. You would own the equipment, they provide loads and take a percentage. The other way is you own the equipment and find the loads. I have a feeling this is not the best way for you, only because you don't have any loads.

 

Appears so;

Half way decent truck run you about 76K, and you better have another 25K for an inframe because this truck has at least 500K plus on her.
You will need about 25K back-up money for expenses and repairs until you get paid on top of the above.
How is your mechanical skills, need to be able to work on 80% of your truck.
Insurance cost.
so on and so on
can be done but read a lot of the questioned on this site... and that is just over the last month.

 

APU cost you 10K, and nice to have one to save wear and tear on truck engine.
I am currently looking at purchasing a on-board scale system, just for the tractor it will be 2500.00
Drop and go trailers will be four portable pad units, another 2500+.