Start out as an Owner operator

Discussion in 'Questions To Truckers From The General Public' started by Deacon Blues, Jun 16, 2009.

  1. Katz

    Katz Medium Load Member

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    Jun 21, 2009
    Commiephonya
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    Do you have any good friend who drive a truck? If you do, you may want to ride with him for a couple of weeks and see what it's like to live on the road. I love it personally (other than I can't drink beer at the end of a hot day), but it is not for everyone.

    Even if you are financially well off, trucks (especially new ones) are expensive investments and they depreciate quickly.
     
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  3. Lil'Devil

    Lil'Devil Heavy Load Member

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    I wouldn't be buying a truck now, the way rates are now and with freight being so slow. I am thnking of selling mine.

    You might find you will do more sitting around than driving these days
     
  4. oneshot

    oneshot Medium Load Member

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    Would you really invest mega capital in something you know nothing about? This is'nt tv and you dont get second chances. Take baby steps. Sucessful O/O are very smart and have gotten that way by being the turtle.Slow and steady learning as much as u can as u go to keep mistakes to a minimum.This is not a career it's a lifestyle and the whole family has to be behind it not just a hey that might be cool kinda deal.Just my 2cents. 21yr O/O ridin in a paid for 06 W9 livin in a paid forhouse ridin in paid for veh. But that did'nt happen over nite. Be the turtle.
     
  5. TripleSix

    TripleSix God of Roads

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    Copied in Hell
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    Storytime:

    Met a kid up in Wyoming who parked next to me with a brand new rig (new 660 and curtainside trailer). He sold some property and decided to try his hand at trucking. He spent almost $200k on truck and trailer, got his CDLs and own authority and whatnot and hit the road.

    When I met him, he was having trouble. He went into the fishhook to check for loads and then came out complaining about cheap freight. I asked him what did he pull out to here and how much was it paying. The shipper told him to name his price as long as it got there. I told him that for a shipper like that, I would have priced what I would need to pull the load and deadhead back to that goodpaying shipper.

    He had no clue. He didnt know the freight lanes, how to spec out a truck or trailer...thats alot of money to learn how to truck.

    If I were you, I would do all the learning on someone else's dime.

    There is a way, however that you can make your plan work right out the gate. You need to find someone who is doing exactly the kind of trucking that you want to do. Has to be an O/O with his own authority. Partner up and learn on the fly.
     
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  6. Deacon Blues

    Deacon Blues Light Load Member

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    May 31, 2009
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    Thanks all for all the advice and insights. I'm beginning to realize that trucking, like any other endeavor, in order to be successful, requires extensive planning, discipline, and execution.

    I will need to analyze any potential investment and compare the expected return on that investment to all alternatives. The big if in this equation is the actual reliability and maintenance/repair costs of a truck. If I assume repairs will be x amount of dollars per year on a used truck, and it turns out to be chronically unreliable, that can be the difference between making a decent living or being on the soup line. The slow economy has made the price of used and new trucks more attractive.

    If I could predict the end of the recession with pinpoint accuracy, I'd buy a truck at these depressed prices and be ready to capitalize when the economy shows signs of a pulse. In addition, before going into this as an O/O it would probably be wise to make some "connections" in the industry as it seems like there are many operators out there with dubious business savvy willing to take cheap freight off a broker wiothout being able to determine if the income-expenses yields a profit for a particular load.

    In the meantime, I will continue to read this website and learn the "tricks of the trade" to be better prepared if I decide to take the plunge as a company driver or O/O sometime in the future.
     
  7. dmg1029

    dmg1029 Light Load Member

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    Jun 6, 2009
    Coeur d Alene, ID
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    Was reading this topic as I am pretty much thinking the same thing. I do think some things are worth taking a chance on depending on your situation.

    Learking....

    David.
     
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