Instant O/O and Load boards

Hey Guys, I have another situation to ask about.

I just spoke with Economy transport group out of Charlotte and it turns out that there isn't a personal experience clause to the financing there, especially if I have 25% down which I could on a 25k or so truck.

I spoke with the guy at length and they have a small trucking company and he made some recommendations. Says he's had a couple guys in my situation with the local mileage from Progressive etc.. They rent hoppers and end dumps, trucks with wet lines etc... Now, I've heard these terms and have a vague idea of what it entails, but basically he referred me to a broker that handles those things and says the guys doing that around here are doing "very well".

I know OTR is in the crapper and all the good advice about this, but with a good cheap truck, my own authority, this expensive insurance, do you guys think this is something I could make a modest living doing for a year or so? (He said they're doing about $1500 a week to the truck, but I'll believe that when I see it. Of course he has to get the loan through with those numbers, so just maybe...)

Also, what kind of special training if any would I need to handle this kind of work?

Thanks guys, you rock.

 

Hi, I wish it were, but no it's not a joke. For whatever reason, I can't take advantage of the conventional path of getting on with a trainer company though I've been trying and something may come through. Assuming it doesn't I will have to take matters into my own hands, a path I'm familiar with. These are all good and fair questions. You can't limit or manage risk and uncertaintly unless you know what they are.

I think, yes, it's easy to get your own authority with enough money. No, not easy to get insured, not easy to get financed. If those don't happen then this whole scenario is a non-issue.

I will choose firmly what to pull and who to broker with before taking possession of a truck. This thread is not a journal of what I am doing, it is research for what I'd like to do, please keep this in mind. Answers are great, advice is great, assumptions of my failure are not quite so helpful, but I realize need to be ever-present to keep in mind the gravity of what I am looking to take on.

No I really do not plan on relying solely on loadboards. I have the numbers of a few brokers I plan to speak to and get as much info as possible. I'll crunch some numbers and continue to ask people in these respective fields how they are doing and the types of numbers that seem reasonable to them.

I could and might fail, but it won't be in a month. I don't really need to make anything for several months. I have all the security, funds, and credit a good O/O plan requires, just not the experience. I do have a good support system and access to professionals, inside and outside this board. I would never underestimate the power of good networking that this forum provides, and you are all really good and helpful people. I hope it's not risky to assume this will continue.

I will estimate cost of fuel as falling somewhere between best case and worst case scenario of the mpg I get fully loaded and empty, and make sure I'm charging for the worst. My truck payment will be minimal, probably around $700 a month.

Thanks, keep it coming!

 

What more do you know about this, in particular? Anyone else heard of this?

My CDL issue date is only a month ago, so that won't help me much.

 

Yeah that sounds about right. Think I've heard of that too.