Is there money in trucking as an O/O?

Discussion in 'Canadian Truckers Forum' started by Volvo780, Oct 10, 2010.

  1. Beer Runner

    Beer Runner Medium Load Member

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    Nov 2, 2010
    Canada
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    I think this OP was on this site around 2 moths ago asking the same thing.
     
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  3. Sara

    Sara Bobtail Member

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    Jan 23, 2011
    Saskatoon, Saskatchewan
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    Wish my truck payments would do that!
     
  4. MariasGuy

    MariasGuy Bobtail Member

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    Jan 27, 2011
    Windsor Ont.
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    The short and simple answer is you need 2 dollars a mile Period.
     
  5. Beer Runner

    Beer Runner Medium Load Member

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    Nov 2, 2010
    Canada
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    I almost bought a truck this month but when I called around to see what the companies are paying, I thought I better leave it alone. Most will only pay 1.08-1.24 and some don't even want to pay the FSC. I found out real fast that you can't make any money like that. The truck I was going after was a 2010 western star and the payments were up there.

    Next time I'll look for an older truck with far lower payments, then I could make some money, not a lot, but some.
     
  6. Patricksgirl

    Patricksgirl Light Load Member

    Beer Runner I think the only way to truly make money on a new truck is to team it with your spouse and even then you still need at least 2.00 a mile and a sure safe contract. We also looked into getting a truck this week but when we did the math of the rates you were quoting we would make 3,000 a month.....
     
  7. TheHealthyDriver

    TheHealthyDriver Heavy Load Member

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    Jul 11, 2010
    Stony Mountain, MB
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    The best way to make money driving is to buy a truck outright. Payments kill you. Payments force you to drive for cheap freight when nothing else seems available. Payments are not the way to being financially sound, IMO.
     
    Captain Canuck Thanks this.
  8. Beer Runner

    Beer Runner Medium Load Member

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    Nov 2, 2010
    Canada
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    When I did the math, payments, fuel, plates, insurance, and all the rest it don't put nothing in your pocket at the end of the month. Most companies will only give you 10,000 miles if that, so you can't live on that. All the companies said 12,000 but I've been in the game to long and know what it really is. All I can say is that it's sad really sad.
     
    Tam_Tam Thanks this.
  9. boytoy4hire

    boytoy4hire Bobtail Member

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    Jul 4, 2010
    london,on
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    truckers are a joke! if they missed a gear, truckers are a joke! if they back 3 or 4 times to get the trl straight between the lines,truckers are a joke, if they pass on a double solid,,,,,,(line),
    Every group has ist marvels,(not marbles) well that two,to,too(pick one)there good and bad in every system! there are pros and probables, we are very capable of diminishing the trade if we can called it that ,, we can bring our personal probles vent them on the CB and not go postal,,we can f#$%^ any thing or any body and not charges with rape, did i say that?,,,,,,,,,,,there are many unsatisfied people like myself, but, i allways look forward to better of my personnal sircumstances, and enjoyt every mile i drive, except, when i have to deal with livingstone!!!:biggrin_25513:
     
  10. TheHealthyDriver

    TheHealthyDriver Heavy Load Member

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    Jul 11, 2010
    Stony Mountain, MB
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    I mean this in all seriousness.

    Were you drinking when you posted this?
     
  11. Brilaur

    Brilaur Bobtail Member

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    Oct 17, 2010
    Muskoka, Ontario
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    Getting $2.00 or more a mile would be great get rid of the load brokers for a start and that might happen.working for large companies that get fuel at low cut rate prices insteed of paying the market price helps.As a owner operator working for a smaller company and paying almost full cost for fuel my trip to Alberta and back to Ontario I still clear just over $1800 and of couse this will change when I dont have to run the truck to keep warm.They also pay for plates and insurance if I was paying this there would be very little to work with.
     
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