power only vs owned trailer

Discussion in 'Ask An Owner Operator' started by carolcmc33, Apr 10, 2019.

  1. carolcmc33

    carolcmc33 Bobtail Member

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    Jun 21, 2018
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    The media continues to screw us small trucking companies by letting these brokers not pay us the rates we deserve to be paid by continuing to say rates remain at an all time low.

    I have been trying to figure out how to make money in this time when the rates remain low. If something doesn't change soon, I may have to follow the 100's of other small companies to bankruptcy court. I do NOT want that to happen.

    With that said, I am looking for better ways to make money. We currently have 2 trucks and 2 dry vans (the vans are paid for).

    Would it be better to continue finding my own loads on the load boards? Or would it be better to find a power-only company and sign up with them??

    I am looking for all the help I can get to stay in business!
     
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  3. Bakerman

    Bakerman Road Train Member

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    Have you tried finding your own customers?
     
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  4. Ridgeline

    Ridgeline Road Train Member

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    How does the media do this, please explain.
     
  5. carolcmc33

    carolcmc33 Bobtail Member

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    Jun 21, 2018
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    How do I go about doing that? I have reached out to a few companies but they require this that and the other.
     
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  6. carolcmc33

    carolcmc33 Bobtail Member

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    Do you live under a rock? There are articles constantly published on various news sources that say "rates remain at an all time low". They will state that rates are supposed to be up this time of the year based on rates of years past. But the next article will continue to claim rates are low.

    But maybe you are one of those that believe everything the media tells us and that no news is false news
     
  7. LoneRanger

    LoneRanger Road Train Member

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    Rates aren’t at all time low if you know how to work the system.

    Double brokers are driving rates further down.

    If a load goes out for 1600 and it’s double brokerd and gets posted for 1200 for same lane then the original broker comes back next time for lower rates, this in conjunction with other factors is what’s pushing rates down big time.

    Brokers using dry vans for flat bed loads, northern drivers not wanting to drive in the snow coming down into southern states, reefers hauling dry van loads. It all plays a role.

    Good brokers are hard to come by hell i was just offered $900 for a 600 mile trip into a dead zone, someone will take it I’m sure but it won’t be me.

    As far as power only and your own trailer I rather own my own as time it takes to find a trailer and then a load just eats up time at the end of the day.

    Last two weeks alone 2 more firms have opened up that deal in double brokering.
     
  8. Bakerman

    Bakerman Road Train Member

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    You just keep knocking on doors are picking up the phone, you’re going to get a lot of rejections but when somebody says yeah I can use your services then it’s all worth it
     
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  9. Ruthless

    Ruthless Road Train Member

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    ...it can be all worth it. Big emphasis on can.
     
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  10. Midwest Trucker

    Midwest Trucker Road Train Member

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    Hang in there. Can you cut costs anywhere that won’t affect safety? Have you tried running different lanes or regions?

    Unfortunately the weaker, less prepared, etc go under and the stronger more prepared make it and keep trucking.

    I can’t give you the holy grail of what to do. There are thousands of anonymous people in the same boat reading this thread right now. If I show you my food it’ll get eatin.

    And it’s about supply and demand that has the rates bad. If you want to blame the media then go back the last two years where they say constantly that rates are at record never seen before highs and everyone is getting rich! This is what floods the market with trucks and ultimately makes rates tank.
     
  11. GreenPete359

    GreenPete359 Road Train Member

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    You have facebook? You keep in touch with people from high school? College? Your past employment? Call who you know, use your contacts & their contacts. Pull in them favors people owe you.

    Ask the guy up the road if he’ll take a chance on a local guy!

    This is why you work as a company man for a good 5-10 years making a name for yourself, building a reputation. Ok so some will say no, but some will say yeah.

    One of the many hats of an o/o with his own auth. is being a salesman. So you are an accountant, saftey director, dispatcher, mechanic, receptionist, records keeper, permit girl, log dept guy, equipment coordinator, salesman, and Truck Driver.

    Not to be hard, but if you can’t handle it go lease up & and let the authority holder handle the BS. You just drive & maintain your equipment. It’s a lot simpler.
     
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