Is it a good time to be an owner operator?

Discussion in 'Ask An Owner Operator' started by CommercialDriver, Apr 3, 2023.

Page 2 of 5
  1. Constant Learner

    Constant Learner Heavy Load Member

    Joined:
    Jul 19, 2011
    Messages:
    724
    Thanks Received:
    1,084
    Location:
    The Moon
    0
    It's a great time. If you have the experience, 50K+ cash and a triple digit IQ.
     
    Constant Learner, Apr 3, 2023
    #11
    Rideandrepair and Siinman Thank this.
  2. Beaver9

    Beaver9 Heavy Load Member

    Joined:
    Jun 15, 2020
    Messages:
    966
    Thanks Received:
    1,183
    0
    And NO customers? Even with all the above is CRAZY.
     
    Beaver9, Apr 3, 2023
    #12
    Rideandrepair and D.Tibbitt Thank this.
  3. bad-luck

    bad-luck Road Train Member

    Joined:
    Nov 16, 2013
    Messages:
    3,304
    Thanks Received:
    6,066
    Location:
    Baltimore, Maryland
    0
    In your words you are still a rookie. So for a new owner operator, now is not a good time. The spot rates are garbage right now.
     
    bad-luck, Apr 3, 2023
    #13
    Rideandrepair Thanks this.
  4. Beaver9

    Beaver9 Heavy Load Member

    Joined:
    Jun 15, 2020
    Messages:
    966
    Thanks Received:
    1,183
    0
    People who have been in this business for years drop like flies.
    I can't imagine one that wants to start it now unless they have a solid plan in place and customers waiting. And money of course to risk it all.
     
    Beaver9, Apr 3, 2023
    #14
    Rideandrepair, D.Tibbitt and TheLoadOut Thank this.
  5. TheLoadOut

    TheLoadOut Road Train Member

    Joined:
    Nov 6, 2019
    Messages:
    2,267
    Thanks Received:
    10,752
    0
    Do you have a family? Home? Are you the breadwinner? How is your credit? Now is not the time to become an owner owner op. A truck payment, insurance, the cost of fuel, maintenance, if you don't have a healthy bank account to start you're doomed right out of the gate. Stick with the company for awhile, keep your record clean, bank your money, as much as you can. How much time do you think you'll be able to take off once everything, EVERYTHING depends on you?
     
    TheLoadOut, Apr 3, 2023
    #15
    Rideandrepair Thanks this.
  6. Constant Learner

    Constant Learner Heavy Load Member

    Joined:
    Jul 19, 2011
    Messages:
    724
    Thanks Received:
    1,084
    Location:
    The Moon
    0
    I don't have customers. Never had.
     
    Constant Learner, Apr 3, 2023
    #16
    Rideandrepair and Siinman Thank this.
  7. Concorde

    Concorde Road Train Member

    Joined:
    Jun 29, 2016
    Messages:
    4,742
    Thanks Received:
    16,920
    Location:
    West Melbourne Florida
    0
    “Come on in the waters fine” :)
     
    Concorde, Apr 4, 2023
    #17
    Rideandrepair, Siinman and Diesel Dave Thank this.
  8. JonJon78

    JonJon78 Road Train Member

    Joined:
    Jul 1, 2018
    Messages:
    7,160
    Thanks Received:
    39,622
    0
    Just do it!!! Fuels through the roof and rates are compensating for the rise... I been swimming in cash lately!!!
     
    JonJon78, Apr 4, 2023
    #18
    Rideandrepair, Siinman, Diesel Dave and 1 other person Thank this.
  9. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    Joined:
    Jan 20, 2010
    Messages:
    8,754
    Thanks Received:
    25,243
    Location:
    Hesperia, Ca.
    0
    IMG_5050.jpeg
     
    Diesel Dave, Apr 4, 2023
    #19
    Opendeckin, Rideandrepair, Siinman and 1 other person Thank this.
  10. Concorde

    Concorde Road Train Member

    Joined:
    Jun 29, 2016
    Messages:
    4,742
    Thanks Received:
    16,920
    Location:
    West Melbourne Florida
    0
    I declined a $1.55 per mile load out of Billing’s this morning and decided to run empty all day.

    So much money to burn in this business :)

    Saw a load get scooped up today for $1.13 heavy and on the truck for 3 days.. I laughed!!
     
    Concorde, Apr 4, 2023
    #20
    Rideandrepair, D.Tibbitt and Siinman Thank this.
Page 2 of 5