Looking into becoming a O/O

Successful o/o's will have about 10 grand saved up for a maintenance fund. Be sure your personal finances are in order as it may take some time to get up and running. You didnt state wether you intended to lease this truck on with a carrier or wanted to buy a trailer, get your own authority, and negotiate directly with shippers for the freight rates.
If you plan on leasing on with a carrier they will usually cover plates, permits, liability insurance, operating authority, fuel taxes, etc. The problem with this is you will earn a lower rate than if you had "gone out on your own." Larger carriers usually have strict guidelines on the trucks age specs etc as to wether they will approve it or not. Seems like most companies want trucks less than 5 years old and your talking about an 8 year old rebuilt truck.
You could probably use this old truck at the ports or rail yards but for an otr outfit I doubt it could pass muster at most outfits.

 

How much are they going to pay you per mile, how many miles do you intend to rack up per week, will they be covering your fuel taxes, road use taxes, 2290? What about tolls and scale tickets? I cannot give you an honest answer without more info.

If a grand a week is all you will get out of this venture I wouldnt bother especially when there are many companies that run regional with benefits and will make a grand a week or more. I do not see where the benefit of owning a truck in this instance would be worthwhile.

I have crunched the numbers many times over the years and to duplicate the benefits and pay I currently receive as a company driver I would have to make at least 1.50 per mile to the truck plus 100% fuel surcharge on top of that.

Rememeber a truck is a piece of equipment thats designed to move freight from place to place. All equipment will break down so you must have a plan to set aside .05 to .10 cpm for maintenance issues.

I would strongly urge you to get into a business class before trying to become an o/o.

There are many other posters on this site that are much more knowledgeable than I regarding o/o's. I would suggest you look at night winds posts. She is the real deal when it comes to good advice in understandable language.

Get as much info as possible and if you can get a copy of the lease contract your carrier is using. Have this contract scrutinized by an attorney or a CPA that specializes in trucking before you sign on the dotted line.

 

At first blush that appears to be a respectable rate. How many trips will they have you doing per day?
The next question is how much time will you have to invest in loading and unloading these short trips?
Kinda sounds like a port deal to me. If this is the case be aware there may be several hours waiting for containers to come off the ships, and be attached to a chassi for the road. The chassi will have to be inspected thoroughly as well. I have encountered many rail yards and ports over the years and lost many hours with a chassi that had flat tires or corroded wiring.