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.
O/O $65k income for 2018
Discussion in 'Ask An Owner Operator' started by buckmanmike, Mar 22, 2019.
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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
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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.
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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.
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it that average or median?
where did the figure come from? -
Sounds like it's taxable income which is different than net
KB3MMX, larry2903, TallJoe and 1 other person Thank this. -
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.
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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.miszel, jamespmack, highwayMike and 9 others Thank this. -
Just means there is a lot of cheap freight hauling mofo’s out here. But, we already knew that
highwayMike Thanks this. -
TallJoe Thanks this.
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