Firstly, I am a 47 year old driver with 2.75 total years of driving experience. 1.25 years with Stevens Transport and 1.5 years with Shaffer (Crete.)
The first thing I did after deciding to look closely at the idea was verify that I can stay on my current account, which is getting me 3000-3500 miles per week. The pay for an o/o on the account is between 1.04 and 1.09 per practical mile. Current fuel surcharge of .31 per loaded mile.
For a long time I was thinking about trying to get a 'better' truck than the one I am driving now, but, honestly, the 2016 Freightliner I am in has 405k miles, and still gets the same fuel economy as it did 220k miles ago when I got into it. So I have asked for Crete to price the truck for me to buy it. We shall see what number they come up with, then I will check the number against similar vehicles in a couple used truck magazines.
If the price is decent, I will take the truck to a Freightliner dealer and ask them to verify that all recall service, if any, has been performed on it. I will also have an oil analysis done, and spend a few hundred bucks on a diagnosis and inspection.
While this is happening, Crete will be enrolling me in an o/o class to explain their program. I can take the class without a commitment to becoming an o/o with Crete.
I have verified that Crete has no issues with me modifying the truck to have an APU. I keep my chains in front of my passenger seat anyway. That's for the future though, after the truck is paid off.
If I buy it, the truck will retain roughly 100k miles of factory warrantee, and there will also be a 250k mile power train warrantee added to the truck.
I have been planning to save up and pay cash for a truck, but have decided to explore financing part of it. I have no debt, over 20k in the bank, and 10k in available credit on zero-balance cards.
I will likely put 10k down in order to secure better financing, which will leave me 10k cash and 10k credit to work with while the truck is under factory warantee.
I have verified that the basic Crete o/o program requires that drivers only take company loads. This is a little worrisome, but at the same time, I won't have to deal with brokers and public load boards. Perhaps after the truck is paid off, I might consider taking more responsibility on myself.
I will post more as I learn more, and as I make discoveries or decisions.
I have decided to explore o/o through Crete / Shaffer.
Discussion in 'Ask An Owner Operator' started by Farmerbob1, Sep 24, 2018.
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Don't do it! Never buy a truck and get your loads at the same place. That is not nearly enough per mile to operate a truck, you will struggle to make as much as you do now.
I am just a company driver, but have researched this pretty heavily. I would save some more cash, then find a company to lease on to. Read the contracts carefully. Start with Landstar and Mercer.
I would figure on 1.50 per mile for truck and fuel. This includes payments, insurance, and all maintenance. It may come out a bit lower, but that is where I would set the bar.TripleSix, Smut, CorsairFanboy and 3 others Thank this. -
1.63cpm to cover all, including drivers wages. You do plan on paying for self right? 1.04cpm I wouldn't haul it in my 1/2 pickup for that.
PoleCrusher and Farmerbob1 Thank this. -
What exactly are they covering in exchange for paying you 1.37 per mile?
Farmerbob1 Thanks this. -
Farmerbob1 Thanks this.
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Do I get fuel cheaper through Crete?
What about tires and A/B service maintenance?
What will my insurance costs be?
Who insures the loads? I am hauling them, but they are in Crete/Shaffer trailers.
That's a sample of the questions I currently know to ask.
It is entirely possible that I will go to the Crete o/o class and walk away deciding to stay a company driver.
This thread is going to start as a rough description of my decision-making process leading to a decision about becoming an o/o. If I DO choose to become an o/o then I will create a new thread. -
What area of the country are you in?
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What are the deductibles?
Who covers the plates, IFTA, etc?
Is there a mandatory maintenance (mileage) withholding? If so, how much?
What are the intervals for A&B service if they control your maintenance escrow?
Is there a trailer pool charge?
Who pays for tolls?
Is there an E-Z Pass (greenlight) subscription charge?
How about Elog device, is there a monthly fee for usage?
Those are just a few questions you might consider adding to your listFarmerbob1 Thanks this. -
I currently am on an account that runs 99% drop and hook loads between GA, IL, and PA. -
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