Money to be made????

Yes I do have a suggestion and some advise. When pulling tank as an O/O if you're going to pull hazmat LEASE ON. Even as a starting O/O I would recommend leasing on. You have to crawl before you learn to walk as I was told. That was good advise. Let a carrier handle things for you for a while, if you decide in a few years to file for your own authority then make the next leap. There is a lot more that goes into having your own authority, there is also a lot more you yourself will have to pay for. However you have total control. You also bear the burden of everything. Keep that in mind. It can be done, it is a big leap, good luck in whatever you decide to do.

 

That is such a wide open question. Knowing something about the industry is required but what about business knowledge?

And the more specialized you get the better chance of making better money. But also the better chance of the lanes you run drying up.

Leasing on to someone with a good percentage program that is O/O only company would be the best advice in getting started.

 

Bbb- is correct

speacialized does pay better but in tanks what you have to look at is the equipment outlay
Pump , Compressor , Fittings , Hoses , Intranset Heat , Hose rack , Volume air line for trailer ,

the thing in tanks you will see is you will want to stay with a carrier because of aval empties at tank washes etc . BBB is also correct in saying lanes dry up allot and your reloads can be limited . I also agree with BBB on the 100% owner operator company .. Most tank outfits will pay between 62-65% of the gross LH . But when your with a company where owner opps are a Suplemental then of course they will load there company trucks while you sit ( normally )

things to think about

 

Food grade = you will need a hydro pack to run the self contained pump on the trailer costs around 3500 or so .

As to your question with a 2k truck note :

1. what are your living expenses outside of the truck payment monthly ?

2. What are there dead head % meaning how much dead head normally ?

3. On 4200 a week how many miles is that ?

4 avg rate per mile ( gross ) then take your 65% out ?

5. Fuel surg ? Is it a % base or mileage base ?

6. Tags ? Who pays

7. Fuel taxes ?

8. Permits ?

9. Hydro pack - your expense or there's ?

10. Total weekly company deductions ?

11. Escrow amount ? How deducted


Need to get the answer to these questions first to get further help . The 4200 means nothing unless you know the answers to some of these questions .

 

What was the average miles per week to make that $4200?

 

You may also inquire about the insurance

physical damage
bob tail
occ acc

rates for your specific truck and do you have to purchase through them or can you purchase outside . Now with that said they may have good rates on the insurance you just need to know .

Another question I thought of is : Paper Work / Payroll : do they pay for faxes or Transflo etc . What is the payroll cut off and pay turnaround .

Fuel card provided ? - usage fee ? - Discounts ?

Is fuel deducted per load or a weekly cut off - for instance Saturday at midnight cutoff etc ..

 

We had the same idea on that one .. Lol
4200 means nothing unless you know the amount of miles it takes to achieve that

 

To give you a quick example on the 4200 gross weekly

4200/2500 = 1.68 ( per mile )
4200/3000 = 1.40
4200/ 2000= 2.10

see where the amount of miles matters