Is there REALLY any advantage to being an O/O with Swift?

Discussion in 'Swift' started by Alwayswillingtolearn, Jan 23, 2015.

  1. Alwayswillingtolearn

    Alwayswillingtolearn Bobtail Member

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    Every so often it is suggested I be an Owner/operator and this is usually because I can't stand the way some things are done or handled as a company driver. One thing is, I hate giving up my truck periodically; the other is that I want to add or fix stuff, or have someone else fix it other than the company shop. Plus, there are some runs I would prefer not to take simply because I know the shipper or cons. and can't stand working with them. My understanding is that O/O's can turn down such trips... But anyway, I have spoken with owners and many say it's not profitable anymore like it used to be, others say they do great!
    Recently I have been assigned a relatively new truck with just over 100,000 miles on it. Previous driver(s) haven't trashed it and everything works. But I want to add an APU and change out the stereo and some other things. And then too, I'm envious of those trucks with the chrome and fancy paint jobs. One truck I had needed all eight drive tires replaced (in my opinion ) but the shop said they were still serviceable and pass DOT scrutiny. BULL! :biggrin_25510:As far as I was concerned they could pass for cheater-slicks!:biggrin_25511:
    But aside from the fancy looks and add-ons, is there really any money to be made being an O/O? I want to stay with Swift and drive for them. And since I can't park my truck at home even if I was O/O due to local regulations for my neighborhood, working out of the Swift terminal in my hometown works well. Any advice and/or comments would be most appreciated, thank you.
     
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  3. rbrtwbstr

    rbrtwbstr Road Train Member

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    Fancy paint and chrome don't pay the bills...but it does make it more enjoyable.
     
  4. rachi

    rachi Road Train Member

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    Maybe on a dedicated run, but better think it through if going otr. When i leased a truck with a diffrent company i was going broke running otr, but did ok when i landed a dedicated run.
     
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  5. snowwy

    snowwy Road Train Member

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    if you didn't pay cash for it. and outright own the truck. your not a o/o. your a l/o.

    and why would you put money into a truck that's not yours. and can be taken out from you at any given time.
     
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  6. Krashdragon

    Krashdragon Medium Load Member

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    Only if you're willing to be a mentor.
    And you actually OWN your truck.
    Leasing a truck is like leasing a car. You don't own it, you're just renting it and paying all the bills.
     
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  7. SteveH85396

    SteveH85396 Road Train Member

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    Waddell, AZ
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    Agreed!....
     
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  8. boneebone

    boneebone Road Train Member

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    The Owners who state it isn't profitable are most likely the ones who are on their 2nd or 3rd Lease, and will never learn that a Paid Off truck will always be more profitable then making Lease payments for the last 9 years. A truck is a tool to make you money, pay it off, keep it maintained and you will pocket more money. Work Smarter, Not Harder.
     
  9. Luse

    Luse Medium Load Member

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    Honestly it just depends I know o/o with own authority Failing hard, and I know some L/O doing fine. owning your own business doesn't mean it's going to succeed.
    But with that said being an L/O you have a lot more risk and potential to make more money than a company driver
    Just have to weigh your options.
     
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  10. Dinomite

    Dinomite Road Train Member

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    Looking 4 Rocks
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    Dude you to much of a steering wheel holder to be an owner operator. You have to learn how to make money, and all you have talked about is spending money on stupid crap that's not going to make you money. You really going to put new tires on a truck every year because the old ones have a little wear. Do you know you get better fuel mileage with the worn tires as opposed to the new. You have a lot to learn dude And the first thing is patience . You will fail as company driver or lease driver if you don't get that under control.
     
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  11. fr8monkey

    fr8monkey Road Train Member

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    as a lease op for swift with one lease completed...I can say a lot of advantages...like not giving up your truck, picking own loads way more independence and money can be made....however....if u are supporting a family....too scary....easy to go in the hole....can be made up though....but definetly stupid to think about blinging out that truck!!!!...think about it like a business...worry about learning and fueling!....forget the apu too...its a net zero proposition that has been discussed on the forum many times...might save a few dollars but probably wont...I never had apu and I was comfortable,lots of advice here from lease ops....yours for the asking.....blsquaek,mystichz scottied and myself have been longtime swifty l/ops many others too....best of luck
     
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