Looking to go OTR

Discussion in 'Questions From New Drivers' started by Wayner, Jun 27, 2015.

  1. Wayner

    Wayner Light Load Member

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    Apr 17, 2015
    Tucson,Az
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    Hello everyone, been reading the post for about 3 months now, very informative. This is my first post. I have been a city pick and delivery driver for 28 yrs, 22 yrs at YRC and still employed. I wish to go OTR , YRC does not have linehaul out of the city I live in since it is a end of the line terminal or I would do that If I had the chance. What I have read on the post, every company has something said bad about them and good. The company I choose I plan to stay there until I retire, I don't want to be job hopping. I know you all have thousands of tips for me, way to many to list and have time for. I would really appreciate just some basic tips , do's and dont's when choosing a company. My city driving experience hopefully accounts for something. Dry van or reefer is ok with me. Going to go for my tanker endorsment soon , have doubles and triple and hazmat endorsment already.Thank you in advance
     
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  3. G.Anthony

    G.Anthony Road Train Member

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    Well frankly since you are with Yellow. and I'll surmise a union guy at that, don't you want even a nicer pension later, than if you quit them now?? You may stand to lose some money by leaving them now.

    I'd think it would be best to fully retire, get a great pension, THEN go for an OTR job.??

    To give up that Yellow job for what, less money, and no perhaps retirement money to earn..?

    Good luck with that.
     
    Raymia Thanks this.
  4. Wayner

    Wayner Light Load Member

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    Apr 17, 2015
    Tucson,Az
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    Thanks for the reply, YRC got out of the pension in 2009 when Yellow and Roadway merged. So they no longer put into it.We have a 401K since 2009. Talk to pension rep about 2 weeks ago. What they have put in until 2009 is mine, can't get that til I am 65, another 12 yrs.
     
  5. G.Anthony

    G.Anthony Road Train Member

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    ok, so will you lose any of it, or more directly, will you lose more input from you?? (are you vested??)

    I mean, you have an established retirement plan now, yes, you could roll it over to another company IRA, or talk to a financial planner to open up your own, or switch out to a Roth?

    I would NOT trust any company IRA plan, I'd go it on my own, and do.
     
  6. Wayner

    Wayner Light Load Member

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    Apr 17, 2015
    Tucson,Az
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    Good idea about the financial planner,thanks. Not sure if I can take my 401 and put it in to a roth but I sure will look in to that.Yes I am vested.
     
  7. G.Anthony

    G.Anthony Road Train Member

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    If not transferable into Roth (tax reasons perhaps..??) at least have your own IRA. If you have a CPA now, chances are he/she can guide you. I'd just personally stay away from rolling it over into another employer's plan. I trust no employer to even stay in business much less handle my money any more.
     
  8. Wayner

    Wayner Light Load Member

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    Apr 17, 2015
    Tucson,Az
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    Thanks a bunch, now any other tips about companies when choosing? I am going to be looking into Prime, Pride, Schneider,Gordon/Heartland,MVT, First Fleet, want to look into some smaller companies as well.
     
  9. G.Anthony

    G.Anthony Road Train Member

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    If you have a specific hauling you want to do.?? and your location.?? Schnieder may be a good choice, van, and tanker stuff.
     
  10. blairandgretchen

    blairandgretchen Road Train Member

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    South west Missouri
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    Not knowing the city you live in - why not go to ODFL and run linehaul there? Wild board will have you out 7 days and sleeping in a motel at 60 cpm, rather than full time OTR at 40 something cpm.

    Unless you REALLY want to do the 'OTR lifestyle' thing.

    My 2c - free.
     
  11. Wayner

    Wayner Light Load Member

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    Apr 17, 2015
    Tucson,Az
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    I live in Tucson,az. I think they run teams and I wanted to run solo at first.
     
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