Once in a Lifetime Opportunity for me.

Discussion in 'Ask An Owner Operator' started by cooley525, Feb 16, 2021.

  1. cooley525

    cooley525 Bobtail Member

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    Without getting too much into detail, I have had a financial event and have the ability to purchase my own Truck without having a truck payment.

    I've been doing Company Driver for 3.5 years now, local, LTL, home daily.

    Can anyone on here get me some realistic info on if Purchasing my own truck, with zero truck payment, and running Shipping containers out of Charleston SC and let me know if it is profitable? I do not want to throw good money away at being an OO if the payout isn't worth it. How much could a Local OO make, realistically, if they were pulling shipping containers out of a port, with no truck payments.
     
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  2. Brettj3876

    Brettj3876 Road Train Member

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    Stay away from the ports no money in it. If getting your own auth is too pricy with insurance find a reputable company to lease on to. The rates are pretty much what they were 30 years ago pulling cans
     
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  3. 77fib77

    77fib77 Road Train Member

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    I doubt containers will be worth it. There is a pilot closer to the city? Next to a fleet pride, or some other truck supply place. Go talk to those guys, driver, OOs, and see what they say. Containers can be real heavy.

    If buy used it can go real well or real bad with truck repairs.
     
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  4. snowwy

    snowwy Road Train Member

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    Pay attention to the junk pulling them containers.

    Trucks AND trailers.
     
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  5. Judge

    Judge Road Train Member

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    If you have tank, hazmat and twic Boasso America did good out of Charleston SC, they off of Sewanee rd.
    They do out one day back the next.
    Other then that I’d stay away from intermodal work and I did it for 4.5 years
     
  6. Chinatown

    Chinatown Road Train Member

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    I worked for an intermodal company one time as a company driver.
    The 0/0's were all decent people, but very poor.
    Talk to real estate agent about buying rental property and also manage it for you, so you don't have to deal with anything except check your bank account each month.
    Dozens of drivers on this forum have rental property.
    Later you can become an 0/0 and always have that rental income as a backup plan.
     
    Last edited: Feb 16, 2021
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  7. Ruthless

    Ruthless Road Train Member

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    why not buy a pizzeria?
     
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  8. Dino soar

    Dino soar Road Train Member

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    I concur with taking the money and going into real estate. Whatever truck you buy is only going to depreciate. Whatever property you buy is only going to appreciate.

    But if you must, get your own authority and get your own trailer or at least lease onto some company where you can actually make money. Containers are the bottom of the barrel.

    Buying a truck in cash so that you can pull containers is like buying a Ferrari so that you can go out with crack hores.
     
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  9. abyliks

    abyliks Road Train Member

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    I looked into real estate years ago, it’s more regulated then trucking on what you can/cannot do with property you paid for...
     
  10. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    Just because you don't have a truck payment doesn't eliminate that type of expense. You are running a business so you will still need to be putting a significant amount aside for eventual equipment replacement. This is in addition to what you are setting aside every week/month for maintenance, tires etc.
     
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