Partnering to form owner operator

Discussion in 'Ask An Owner Operator' started by Iowa1969, Jun 15, 2019.

  1. Iowa1969

    Iowa1969 Bobtail Member

    Joined:
    Jun 15, 2019
    Messages:
    11
    Thanks Received:
    2
    0
    Has anyone explored the potential for two people to start with one truck and split expenses and driving time ? Pros cons etc ?

    Seems to me, if you have a truck running all the time and two people looking after the company, and NET maybe 80k isnt that a worthwhile venture ? Seems like OO sole proprietorship are never home ( biggest own side to OTR owners?
     
  2. starmac

    starmac Road Train Member

    Joined:
    Apr 11, 2019
    Messages:
    6,639
    Thanks Received:
    12,528
    Location:
    Fairbanks Ak
    0
    I always found it much easier to make a living for myself, than for two families.
    Not sure what or where your 8-,000 figure come from or means, but there is no need for an oo to have to work every day or even every month to make a living.
     
    Iowa1969 Thanks this.
  3. Socal Xpress

    Socal Xpress Road Train Member

    Joined:
    Dec 6, 2014
    Messages:
    1,855
    Thanks Received:
    1,958
    Location:
    Los Angeles, Ca
    0
    How much experience do you have? Have you ever teamed before?
     
  4. starmac

    starmac Road Train Member

    Joined:
    Apr 11, 2019
    Messages:
    6,639
    Thanks Received:
    12,528
    Location:
    Fairbanks Ak
    0
    I didn't get the impression he was talking about teaming.
     
    Iowa1969 Thanks this.
  5. Iowa1969

    Iowa1969 Bobtail Member

    Joined:
    Jun 15, 2019
    Messages:
    11
    Thanks Received:
    2
    0

    Could you elaborate ?
     
  6. Iowa1969

    Iowa1969 Bobtail Member

    Joined:
    Jun 15, 2019
    Messages:
    11
    Thanks Received:
    2
    0

    No "Team" meaning driving with another person all day, no thanks.

    Interest is in the finance and physically driving with a partner in the sense one week on one week off, or every two
     
  7. Iowa1969

    Iowa1969 Bobtail Member

    Joined:
    Jun 15, 2019
    Messages:
    11
    Thanks Received:
    2
    0
    I am learning all I can about owner operator, guy I know that does it burnt out becasue he was on the road too much to make 60k++


    Why not split the truck make less, drive less, find some local job part time on the down time. The idea is to add trucks later, IF you can build the capital.
     
  8. fortycalglock

    fortycalglock Road Train Member

    Joined:
    Jun 25, 2011
    Messages:
    6,155
    Thanks Received:
    6,584
    Location:
    Tourist Town, FL
    0
    Why not just buy the truck and hire a part time driver. Partner-ships don’t float
     
  9. windsmith

    windsmith Road Train Member

    Joined:
    Sep 2, 2011
    Messages:
    7,296
    Thanks Received:
    6,031
    Location:
    NEPA
    0
    $40K net for each driver? Forget buying a truck. That's the low end of company driver pay. Better off to work for someone else for those wages.
     
  10. stayinback

    stayinback Road Train Member

    Joined:
    Jan 24, 2014
    Messages:
    3,911
    Thanks Received:
    8,256
    Location:
    chicago,il
    0
    Boy,I wish everyone could see this................

    If Your going to own a truck,Drive that truck,and take on the huge responsibility of being an interstate carrier..

    You Better NET 100k or more per year- Yes,That means 100k in earnings after every expense.

    Nobody EVER wants to address this- You are responsible for the general publics safety-You are responsible for keeping your equipment DOT compliant- You are Responsible for providing customer service without fail- You are responsible for paperwork,so on and so on.

    Makes me Sick when I see these owner-ops looking like Slobs,Eating Braunschwiger sandwiches,Living in Filthy homes,making 30k after all operating expenses-
    Makes the Industrey as a Whole able to get away with Poor rates and wages.
     
    brian991219 and SL3406 Thank this.