How much do local owned operator makes in Ontario?

Discussion in 'Canadian Truckers Forum' started by El_turco_12, Apr 27, 2021.

  1. El_turco_12

    El_turco_12 Bobtail Member

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    Apr 8, 2021
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    Hey guys, i love in Toronto Ontario and soon I will get a the AZ license and start trucking soon and I wanna be a owned operator in the future, I wanna do local and I'm wondering how much do they make local owned operator makes net profit per 2 weeks or monthly?
     
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  3. not4hire

    not4hire Road Train Member

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    Don't worry, it'll happen sooner than you think.
     
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  4. El_turco_12

    El_turco_12 Bobtail Member

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    How? Please tell me, I'm curious??!!!
     
  5. liner

    liner Light Load Member

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    If you have to ask that question on here then you have no business being an O/O. Get out and do some homework first.
     
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  6. uncleal13

    uncleal13 Road Train Member

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    He’s pointing out your spelling mistake. A lot of owner operators feel “Owned”
     
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  7. skipgears

    skipgears Light Load Member

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    Your profit potential will reflect the amount of time and experience you've invested into the trade. As you are new and starting out, profit is one of last things that should be on your mind. Primarily attempt to focus on your driving skills, learning all the laws and regulation, meditation and any such other psyche manipulative disciplines are also encouraged; as trucking is very demanding on the mental state of a driver. Invest in learning as much as you can, speak with many experienced drivers, ask questions; and most importantly keep your mind and focus on the quality of labor you provide. As you mature and progress, your experience and wisdom learned will bring you the high profits you so much desire. This is the best approach in my view to any new career venture. Best of luck, good sir. Make us proud. Oh .. and no flip flops!! get yourself a quality pair of safety shoes, gloves, and reflective vest. Do it proper and be recognized and praised.
     
  8. El_turco_12

    El_turco_12 Bobtail Member

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    Apr 8, 2021
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    Nope, am staying
     
  9. Prairie Trucker

    Prairie Trucker Light Load Member

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    That's excellent advice - also I would recommend finding a mentor - an older more experienced driver or O/O who will save you from a few pitfalls...not all but at least guide you
     
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  10. not4hire

    not4hire Road Train Member

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    I agree, mostly. I worked on averages. I didn't get hung up on every single load, but I knew if I was making my revenue target for the week. I found it less stressful, more productive and, ultimately, more profitable. In part because every now and then I was willing to "take one for the team" (and not whine about it) which worked out in my favour... but I know that isn't always the case.

    But most importantly, KNOW YOUR COSTS. So many O/O starting out are clueless as to their true costs so they don't know if they are getting a good rate* or making money or not. Sure hundreds of dollars a day sounds good, until you figure out that it's costing you almost as much just to operate. Paying a good, knowledgeable accountant, or similar advisor, a bit of money at the front-end to make sure your business plan is viable (you DO have a business plan... right?) will pay huge dividends down the road.

    *A "good rate" isn't just what the market is paying, but it has to be good for the O/O too and your number might be different than the guy next to you.
     
    Last edited: Apr 28, 2021
  11. Magoo1968

    Magoo1968 Light Load Member

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    Back in the h and r days a local guy was proud he made a whole 35$ a hour his truck his fuel doing local . I took that to mean some pay or accept less in Toronto.
     
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