so how much can you make as a an O/O?

Discussion in 'Ask An Owner Operator' started by morpheus, Jun 17, 2014.

  1. Richter

    Richter Road Train Member

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    in the hoses leading to the turbo....not sure what the part is, but its on the left side near stater....bad clamp....leads to the charge air cooler thingy. Im not a super educated mechanic yet
     
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  3. Richter

    Richter Road Train Member

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    long runs are less loading and unloading work and sometimes you get great rates. short runs cost you miles to to loading/unloading time....plus, long runs are easier on the truck. City traffic and stp and go is bad for a truck. It will last longer if you have a higher % of highway miles
     
  4. double yellow

    double yellow Road Train Member

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    Expenses can be deceiving. Between per diem, excessive depreciation, & my retirement contributions, I have over $75,000/year in "expenses" that actually grow my net worth.

    That said, I agree that Richter's numbers seem quite optimistic. A loose hose clamp is not my idea of a major maintenance job...
     
  5. KenworthGuyNH

    KenworthGuyNH Road Train Member

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    Did that really sail right by you??? LOL......you have a leak.......a "LEEK" is what you said though......ooooh boy!!
     
    MJ1657 Thanks this.
  6. Richter

    Richter Road Train Member

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    if only it was a hose clamp....its was some special clamp.....in the last week (just put truck back in service) i bought new batts ($1000), new starter ($700), new fridge ($700), New voltage cuttoff and diagnosis ($690). The bad clamp cost 75 in labor to diagnose and repair and like 20 bucks for the part. that was a cheep one. Holding .15/mile back i already have saved nearly 22K even after taking all other maint expense out of that .15. I now have enough for an inframe when the truck needs one. Bipass oil filtration helps keep cost down to. I always get oil analasis done, so its unlikly the motor will blow without showing signs first. So no, a loose special clamp on the truck is not a major maintenance expense. That doesnt mean im not prepared for the big ones. I have a line of credit and a few business credit cards. As long as the trucks will make money I could use my line of credit if i need to for somthing super expencive.

    Not to mention, I always have good cash flow. I dont even need to double check my bank account before running payroll. I never run my life or business paycheck to paycheck.
     
    Last edited: Oct 1, 2014
    double yellow Thanks this.
  7. jzcartage

    jzcartage Bobtail Member

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    Ok I talked with a couple of local small fleet owners. One owning 3 trucks and another havnig 5. They showed me their numbers and what they were profiting. It seemed that both of them grossed over 220k plus per truck. The one who has the 3 trucks has one that does only local work and the other two do regional. He also has two box trucks and is contracted to the same company I am currently. He showed me that hes profiting himself around 50k per truck. Thats while paying about 54k to his drivers. This is factoring in that his maint cost is around 20k a year and about 70k for fuel. He does own his trucks now so doesnt have that extra payment. His business as a whole is clearing about 1.4 million a year showing me his tax return.

    The other company was doing about the same profit wise per truck. They had more expense due to leasing the trucks which were newer. He has one dedicated to a grocery store chain running from dallas to houston. It does about 220k a year. The others are OTR trucks but usually stay close to texas doing what he called the triangle runs. He uses Internet Truck Stop for loads but now has a lot of loads that come to him so lot of days he doesnt have to go looking for them. Both say the industry is good and that you just have to get past the first year of finding customers etc. Both also said there is enough local work paying 300 a load now days that you dont even need to do OTR work and you save that much more on gas. The hardest part both of them had was finding good dependable drivers.

    So with that said sounds like people do and can make money at this business if done right. But just have to find the right team working with you and have the drive to get out there and find the customers and freight. Guess the only way I will know 100 percent is by buying one and testing the waters myself.
     
  8. Richter

    Richter Road Train Member

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    It didnt leek bad enough to hear for a while. All in a sudden it got worse, and i noticed immediately. Particularly because my truck wouldn't boost over 20 psi. I hit a bump and it got worse and the truck started crying.
     
  9. Richter

    Richter Road Train Member

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    See people, it can be done. I pay my drivers a it more, but still profit 50K a truck
     
  10. Oscar the KW

    Oscar the KW Going Tarpless

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  11. KenworthGuyNH

    KenworthGuyNH Road Train Member

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    You REALLY have no sense of humor do you?????? LOL WoW
     
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