how much do owner ops make an average week

Discussion in 'Ask An Owner Operator' started by Keepitzenn, Feb 3, 2017.

  1. steve092

    steve092 Light Load Member

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    What rates are you currently getting for dry van that makes you think what I calculated is insane?
     
    Last edited: Apr 18, 2017
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  3. ChicagoJohn

    ChicagoJohn Road Train Member

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    I'm going to assume for a minute, that your actually serious, but there are really too many flags for me to by sure.

    Consider this, I pull tanks. 1st quarter this year I grossed a little over $57,000. I run at just under $2.00 to the truck. (I'm leased on with someone, so I don't have trailer, cargo ins, liability expenses). After fuel, OCAC and some other misc deductions I'm right around $31,000. Basically $10,000/ month.

    How are you going to make $5,000-$10,000 after paying a driver, truck, trailer, ins, fuel and everything else?

    Please let us know because the fleet owners I know are right around $2,000 profit per truck per month. That's with a good driver, a bad driver, they make less.
     
  4. steve092

    steve092 Light Load Member

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    Hey friend, I was actually being serious about the post I made. How many miles do you average per month? Also in your case you might be losing close to 25% if not more without having a trailer and also being signed to someone. I've got a dedicated sales representative that will be working for me or with me I should say. As for running team drivers it would be less driver expense and better for both drivers, and myself.

    $2.00/mile seems very low in my honest opinion. Have you looked around for better carriers?

    I have a buddy at the moment running from Ohio to Texas and net close to $6500 after drivers and all has been paid.
     
    Last edited: Apr 18, 2017
  5. ChicagoJohn

    ChicagoJohn Road Train Member

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    As I said, I wish you the best and hope it works out like you calculated.
     
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  6. Combat_Freight

    Combat_Freight Bobtail Member

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    You suck at your job. Try Subway, they're always hiring new sandwich makers..
     
  7. RustyBolt

    RustyBolt Road Train Member

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    I could be mistaken but I seem to remember Old Man saying something about an engine rebuild. If so, yeah, he could easily be $25k in the hole. Especially if he was without his truck for the 3 weeks many companies quote for a rebuild.
     
  8. FireLotus

    FireLotus Light Load Member

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    The successful formula for starting a business is Knowledge and understanding of the industry, experience, capital, a well thought out business plan and time to get your business on solid ground and grow from there...

    Becoming an O/O is starting a business...

    There is so much more to it than just buying a truck... that is actually the easy part... what's your plan for if your truck breaks down... a day in the shop,... what if they need to order a part and it is a week in the shop... do you have the capital for that... if not, than things can go south fast...

    What if you get ill or injured... do you have a plan for that..

    Starting making a list of all the things that could happen and put a hitch in things... but, no matter how lengthy the list you come up with... you will still want a.. Didn't see that coming fund.. to cover you.

    I know those dreaming of the O/O possibility get so annoyed when some O/O posts the thousands and thousands of dollars you need and then some...

    But, the fact is it is true.. just because I can afford to buy all the tool needed to be a mechanic.. doesn't mean I have the knowledge, skills or experience to open a shop..

    Same thing.. Just because you can buy a truck, insurance, plates, etc... doesn't mean you have the knowledge, skills and experience to be an O/O
     
  9. AtticusRoad

    AtticusRoad Medium Load Member

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  10. rparchment

    rparchment Bobtail Member

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    more miles doesn't equal more money. Trucking is a business.
     
  11. jeastonjr

    jeastonjr Light Load Member

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    "Didn't see that coming fund" :Baby carriage: :banghead: :)
     
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