So called owner/operators

What I'm reading here is that some O/O's want the benefit of being leased on to a carrier and still be able to puff up their chest and say "I ain't doing this or that". Yeah it's your piece of equipment. However YOU decided to lease on to reap certain benefits. Break the lease agreement and go get your own work. After a year of that see how that worked out for you. You'll be trying to work your truck off Central Dispatch moves. Mr&MrsPete and Brian are 100% correct.

 

If you can afford to let the truck sit for x amount of time, hooray for you. You must have a money well or trust fund working for you.
It costs dough even when it sits. In the real world nobody can realistically afford to shut down any business for a day(s) without taking a hit.

 

And this is why I hate new car. There's always a fly by night guy who comes in and thinks he can revolutionalize the system. I call them big dreamers.
The guy who finally gets his spot at the big boys table . The bidding wars start like a bad episode of shipping wars and the rate goes to garbage. The big boys can afford to tank the rate because they have volume and resources elsewhere.

(If you run 100 trucks everyday not every one of them need to turn a profit to keep you in the black)

Then the owner ops gotta suck it up because they trusted the dreamer and they want to stay in business a few more weeks. I've seen this play out so many times in my 12 years out here and in the end its always the same outcome. ..

 

Ahhh slant6. See what I'm saying. The reason I can let my truck sit for a few days is BECAUSE I work my numbers everyday. Not every week month or year. Every load!

I gotta know. What are the perks of puffing out your chest with a new car contract are.
Do the ladies love you more?
Do you get more MPG?
Does it stop male pattern baldness?
Every guy I know with a new car contract spits the same story about not making profit every single day. And I laugh at them every single time.

 

Not puffing anything, just saying how it is.
If you are not hauling new, then you are hauling used for somebody. Must be a sweet deal to be able to tell a customer that you'll only haul certain traffic. How long before someone else comes along and will service all their needs.
In your world 2 + 2 is not adding up to 4. You either have a relative that owns several dealers and put up with your whims, or you crank up in the fall hauling snowbird traffic south and then crank up in the spring hauling it north.
It just don't add up.

 

They like grossing millions just to say they do? And net barely more than a stinger owner operator? Lol

Maybe it's not like that, IDK. But so far from what I personally have seen, the idea of going out and getting a 35-40k insurance policy is a complete joke with these current rates. Maybe the true rates reflect that cost?

 

Ya think? How else would anyone stay alive and actually thrive in this business.
The rates you see are Central D, et al.
I've said it a million times...Anyone who was in the business prior to 2008 and is still here, doing business, and making money is turning a profit. Despite all the costs of doing said business.
You cannot survive very long in ANY business without turning a profit, unless that business is laundering dirty money from somewhere.

 

I see a critical thinker right here...from 2 give aways...

• No one uses "et al" just coz...
• Detecting money laundering tricks...

And for that, my money is on @SLANT6

 

I've laundered money before...it's so fresh and clean when it comes out of the drier!

 

Well I came in at the end of the bubble in 2007. And the trend I see on the new car side is usually a small fleet owner gets a shot or a RFQ and gets so wet about it that he tanks the rate. He maybe squeezes by his 2 years , burns some OO and then the rate stays low.
Or you get a big company like the Romulus rate cutters that cut the rate so low just so they can post on Facebook that they have a new car contract and promise OO the world.
I've got my dedicated routes and my customers that keep me fed with lease returns and that's my lane. Ill stay in it for now. Sorry I'll never be as successful as some people pretend to be but hey atleast I can still sleep at night knowing that my bills are paid