should i switch from company to o/o

I think your a little off. I was making $1400-$1600 a week year round locally as a company driver. And if I took home that now I'd sell my truck and go back to my old company. I understand shooting low for planning purposes but don't low ball yourself as a owner operator.

 

No taxes, no health insurance or dental, no retirement, no equipment replacement. I mean $1.35 and 3,000 miles a week is all fine and dandy if your wife has a real job with benefits at a real company where they are charging enough of their customers to cover those kind of costs. This isn't a hobby for some.

 

Rollin, ya ever wonder where people get their numbers at? Sometimes I think they stopped teaching basic math in school.

 

I know and they don't want to hear anything other. Got stars in their eyes about owning a truck.

 

Just like guys jumping on those lease purchase deals. So enamored with the idea of having a truck they fail to see just how bad they are getting screwed.

 

Want to make money as an owner operator? Here's how you do it:
1. Fix you
Notice how everyone is saying that if you run for $1.35/mile, you will net the same money as a company driver? Are they wrong? If you are a company driver, and you are not making a grand a week, somethings wrong. Before you sign anything, before you think about becoming a trainer, before you think about running team, before you look at a lease purchase deal or even think about buying a truck, you as a solo company driver should be making a grand a week. If you are not making a grand a week, YOU are doing something wrong.

The average, ATA bottomfeeder working, no ambition having, steering wheel holding, spineless POS behind the wheel, pulling for a mega makes $35k/yr. If you are not doing $52 grand a year, you are doing something wrong. If you are working at a company where the average driver does not make $50k/yr, you need to jump ship. $35k doesn't make the grade. Understand?

Congradulations on not being braindead. Time to get specific. What kind of wagon do you want to pull? How often do you need to be home? Your next step is to get into the freight that you want to move...be it LTL, or cars or hazmat, or tanker, or whatever. You want to do this BEFORE you buy a truck. Learn the job and the freightlane on someone else's dime. Look at what everyone else who's in your field is driving and buy accordingly.

$10 grand a week every week. Half a mil a year. And he's a driver recruiter in a lease truck. Spends all his time in the truckstops trying to find drivers who don't know better. The trucking industry's version of the tooth fairy. He's full of she hit.

 

1.35
Fuel-0.40 (.95)
Company driver money -0.45 (0.50)
Insurance, 2290, tires, equipment payments, maintenance, all must come out of 0.50*3000*4=6,000.
6k per month,
Insurance -500 (5500)
Truck payment -1500(4000)
Maintenance/repairs ?

There's many misc. items that will quickly eat up what little money is left. You will have a hard time at 1.35. The thought process of more miles is better is company driver mentality. Need to make those miles quailty, profitable miles.

 

As I stated he could do 1.35 clearly there is much better rates out there...while I didnt figure for taxes deduct another 20% which should more than cover it...he is still over a grand a week in take home and IS PAYING OFF A NEW RIG. Again its about knowing where the break even point per mile is...simple as that.

Be Safe Out There

Captain Dave

 

No offense, but that sounds like the line recruiters use to sucker guys into a fleece purchase.

 

IF he maintains 3,000 a week. Have fun with that. At the end of the payments, the truck now has so many miles on it the repair bills are now equal to what the payments were.

May as well stay a company driver at a decent company for 1,000 a week.