O/O $65k income for 2018

Discussion in 'Ask An Owner Operator' started by buckmanmike, Mar 22, 2019.

  1. buckmanmike

    buckmanmike Light Load Member

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    Reported by overdrive. And this was the highest income for several years and dont expect it to last.
    Im a company driver and beat this income by 30%+. 5 on 2 off.
    I have studied the O/O side for many years. Im sure there are alot of owners that make much more but I have not been able to balance the risk with the rewards.
    I am too old to move to O/O side now. Got 2 years and 6 months and I'm done.
    Live off my max SS and years of max 401k contributions and a little bit of real estate.
     
    Tug Toy Thanks this.
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  3. bigdad7

    bigdad7 Road Train Member

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    I know right my driver's drivers are between 70 and 84 a year on a 5/2 schedule would never run a truck for that ....and it was a record good year I mean WTH
     
  4. Scoot 1971

    Scoot 1971 Light Load Member

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    Odd post, not sure what your point is. Many company drivers do very well and that is just great. That figure of 65k per year seems really low for O/O. As lease operators on a L/P deal, my wife and I easily doubled that figure team driving. By that I mean we never netted less than 130k per year, at least 65k each. We spent 9 months out each year. Now we own our truck, so home time and net pay has increased.
     
  5. buckmanmike

    buckmanmike Light Load Member

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    Point is $65k/yr is low. As an O/O I would have to earn more for the risk involved. Scoot you say you spent 9 months on the road. Normal job, 5 day week, 6 paid holidays, and 2 weeks vacation comes pretty close to your schedule. And dont have to work on the truck when you get home.
     
  6. 88228822

    88228822 Heavy Load Member

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    it that average or median?

    where did the figure come from?
     
  7. LDLWells

    LDLWells Heavy Load Member

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    Sounds like it's taxable income which is different than net
     
  8. VantaiTatted

    VantaiTatted Light Load Member

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    I am ok being a company driver. Although I am pretty sure you’ve got O/O out there blowing that figure out of the water and able to literally and figuratively handle their business.
     
  9. Long FLD

    Long FLD Road Train Member

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    $65k must be average taxable income. And I would take that every day over being told what roads to drive, where to fuel, when to poop, etc.
     
    86scotty, brysol01, D.Tibbitt and 8 others Thank this.
  10. TallJoe

    TallJoe Road Train Member

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    Don't be confused!
    Even with an average accountant - taking equipment depreciation, per diem, then payroll structure, SIMPLE IRA - they can make actual net of 100K a year look like 65K easily or even less.
     
  11. Humblepie

    Humblepie Pontificator

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    Just means there is a lot of cheap freight hauling mofo’s out here. But, we already knew that
     
    highwayMike Thanks this.
  12. Long FLD

    Long FLD Road Train Member

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    How does a $65k taxable income equate to hauling cheap freight?
     
    TallJoe Thanks this.
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