O/O running own authority

He does not have his CDL yet. So take that into consideration before scolding him on where and how rates are. Thats kind of a moot point at this stage.

He will figure it out or go broke trying.

Hurst

 

I will learn for sure thats why im asking before i attempt to do anything. This is just a dream for me. Ive wanted to own my own truck since i was 15.

 

Yall have me thinking, what type trailer would pay an o/ob more? Flatbed, tanker? Can i be leased to another company and still hire a driver and make profit with 2-3 trucks?

 

Lol must have been the year that I woke up to 8" of snow on June 8th.

 

Better off to be blunt about it before he goes that route. Nothing wrong with stating facts. He should focus on getting a CDL without cutting any corners and not even think about getting his authority yet or probably his own truck.

 

I'd rather move to Vegas and try my hand at poker.

 

One of my O/O friend factors @ 1.5%....He's a single truck O/O

He makes the factoring company match his broker rates (CHR)...and still have zero drama.

He also uses the factoring company as a "quasi-credit check" on his non-CHR loads. If they wont factor it, he wont take the load.

 

I bet part of that deal is he must factor 100% of his business and also they can claw back if someone doesn't pay ...

In the end it's still further ahead to borrow off a line of credit if needed..

 

I have a couple I do quick pay with. Most I do not. Yeah money can get tight. I don't care to have my money go thru anyone, so I won't factor. I'm an independent and I get loves and J calling me to set up a fuel card, so yes anyone can do this. I do have good credit, which helps.

 

How much of a discount do you get from their card?