Possibly going 100% Independent....

Discussion in 'Ask An Owner Operator' started by REDD, May 8, 2011.

  1. REDD

    REDD The Legend

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    This has been a thought that has been on my mind for quite some time now. I have PM'ed some independent on this forum, spoke to some directly at truck stops, & researched as much as I could.

    But sometimes, to properly learn something.... I actually have to do it myself!

    Last year I paid Mercer just shy of $57,000.00 to find me freight. I had incured a lot of deadhead miles chasing their freight or a few days a week camped out in a truck stop because they don't believe in brokering freight in. Or after they broker it in & take their 25%, there isn't much left for the truck. So O/O's such as myself won't touch the load. Sure, they paid my IFTA taxes, but I think for an extra $57,000.00 it would be something I'd be happy to do!

    So it isn't a question of if I go independent, it's a question of when?

    I have looked at the steps of applying for my own authority. But I do believe I'm going to contract that process out to OOIDA. They charge a fee, I know. But for the $805.00 they charge, I think it is money well spent to make sure it is all done correctly. Ofcourse that $805.00 includes the MC filing, NM filing, KY filing, & NY filing.

    Right now what is holding me back is the fact that I have a lease purchase trailer from Mercer. I am in the process of attempting to get in financed directly so I will no longer have that barrier confining me to Mercer. If I'm not able to finance it, then I will secure a different trailer & give this one back to them.

    I have questions about brokers though.....

    I have been told that many brokers don't use new authorities. Is this correct? And if so, who are these brokers?

    Do they require age limits of trucks? Trailers? If I have to secure a different a trailer, it will be a 99 or newer.

    I'm looking at getting myself set up with Mercer, Landstar, CH Robinson, PLS, TQL, & a few others.

    Who broker's freight from Landstar? How fast do they pay?

    Is there a publication of satisfactory brokers by state? Region? I'm looked at the OOIDA website for such of a publication. But all I could find was a ##### listing such as the report a bad carrier section we have here.

    Another question is factoring. Factoring will mostly be needed in the beginning. I've read many of good things about D&S factoring.

    If i start factoring with them, do I have to factor every load that I haul for that paticular broker? I think Freight Check said I had to.
     
    American-Trucker and Big John Thank this.
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  3. American-Trucker

    American-Trucker Road Train Member

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    Heck ya man! $57K sounds like a ton of money just to find loads...


    I like it, you do it, then I'll follow your footsteps next year!:biggrin_25525:




    American Trucker
     
  4. Big John

    Big John Road Train Member

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    I got my own authority this year and I am glad I did it. Just wished I did it years ago. Good Luck Redd and I hope you do it.
     
  5. Katz

    Katz Medium Load Member

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    Good luck to you, buddy. I hope you'll be able to finance a trailer. I really wish you'd called me last August, though. I'd have sold my old one for you real cheap.

    I'm likely to follow your steps when my tractor is paid off.
     
  6. milskired

    milskired Road Train Member

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    Wow $57K!!! Interesting write up, I am hoping to learn a lot from this thread Redd.
     
  7. REDD

    REDD The Legend

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    You were on vacation. Didn't want to disturb you.
     
  8. Katz

    Katz Medium Load Member

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    I sure appreciate your consideration but I'm already an disturbed individual so you don't have to worry about it next time.
     
  9. LandShark

    LandShark Road Train Member

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    Redd
    We pull alot of TQL freight and some L/S.
    Both pay fairly quickly after all paper work is complete. However we pull dry box freight. But I would think they are just as timely with flatbed freight.
     
  10. REDD

    REDD The Legend

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    If I have to secure a different trailer, it probably be a box. They are cheaper then a flatbed.
     
  11. 10 speed

    10 speed Light Load Member

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