Taking the plunge. My journey as an O/O.

O/O with authority here. My cost of operation with taxes, but not my own labor cost is 1.20 a mile. You maybe save .10 cpm not owning a trailer. Their crap program is designed to ensure you get company driver wages with owner operator risk. The cheapest load I've ever taken as an o/o was 1.8 a mile. Over $2 all miles for sure.

Better off leasing to a better company.

 

Maintenance has averaged about 25cpm. I've had some pretty bad luck though. Mpg pulling cattle was about 5mpg. Get about 6mpg pulling my flat. No truck payment. Trailer payment is 1200.

You can easily spend 50k a year running a ragged out Emissions truck. Their's a reason all the fleets dump them at 500k and the people that buy them afterwards delete them. A cummins rebuild is an easy 40k and with emissions they routinely blow up between 300-500k.

The extended warranty you got should help if it's an extended factory warranty. If it's a 3rd party warranty they always weasel out.

also insurance runs about 8k a year.

 

I haven't been worried about miles,for quite some time much better to be paid by the load than a fixed mileage some weeks 1500 miles is a good week a lot of the time you can take a 200 mile load and make more than a 650 mile load . rarely go under 2 a mile , way more over 3 than under 2 . you have to figure your dead head into that but mostly stay under 50 miles usually if more than that it's going after a very good paying load or I am in a bad area in that case I made money going in . the bad part of this is your pay is more steady instead of up and down like mine but mine averages out to be a lot more ...... starting out without a truck payment is nice .... but having a clear title in your office desk is a lot better lol

 

What happens if you pay yourself .55/mi?

 

How long do you have to lease this truck?

 

3610 miles in a week? Man, I can't even imagine having to run that many miles as an owner operator to gross $2,200. More power to you though.