Thinking about starting company, buying a truck and hiring a driver.

Discussion in 'Ask An Owner Operator' started by dextrdog, Apr 9, 2014.

  1. dextrdog

    dextrdog Light Load Member

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    Feb 2, 2012
    Milwaukee, WI
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    Hi there I'm looking for a little advice. I'm thinking about getting my own authority, buying a truck and hiring someone to drive it( so I can stay at my full time job). Do I need my own authority or can i lease to a company and how exactly does that work? If I lease to a company they get me the loads and the truck makes less or if I have my own authority can I go on load boards and make more money that way? What are the best steps to get this going off the ground? I know most will say that its a bad idea or don't do it, but I look at it in a positive way. Everyone starts out somehow and with one truck and either it works out or not . Thanks ahead for any advice!
     
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  3. passingthru69

    passingthru69 Road Train Member

    Do you really have that much money to waste??
    If you get your own numbers then somebody will have to be looking for lds. all the time. Do the billing and signing carrier agreements
    Lease to a company and have them dispatch the trk..
    Oh the driver gets pissed off and quits. Where's the trk. 2000 miles from you.
    Now you have to go get the trk.. So guess who might be having to take time off from their regular job.
    Think long and hard.
    Oh, I got a buddy who will be running the trk...
    Think long and hard please
     
    281ric Thanks this.
  4. dextrdog

    dextrdog Light Load Member

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    Feb 2, 2012
    Milwaukee, WI
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    So when i lease to a company they find the driver? Or how does that work? And what companies are good to lease to ?
     
  5. passingthru69

    passingthru69 Road Train Member

    No you find the driver in most cases. Some will help you with hiring, they would also have to pass the compaines
    standards as well.
    What kind of work are you looking at?
    Vans Flats Reefers Tanks?
     
  6. GeorgeB

    GeorgeB Light Load Member

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    Feb 20, 2012
    Denver CO
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    You will have to look around depending where you live.Better find a mid size company or a company that works with owner operators only, brokers etc. You might have to look for a driver and hire by yourself, do background check and drug test for sure. Some companies might supply you with a driver if they have one. Dont lease to a mega carrier they wont pay much, also think about insurance costs, fuel costs, tolls, repairs and maintenance etc
     
  7. Chinatown

    Chinatown Road Train Member

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    Aug 28, 2011
    Henderson, NV & Orient
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    Two websites to study that will answer your questions:

    OOIDA
    Farm2Fleet
     
    passingthru69 Thanks this.
  8. Florida Playboy

    Florida Playboy Road Train Member

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    Florida
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    1) Go to CDL school.

    2) Drive at least a year as a company driver.

    3) Buy a truck, lease on to company, and drive it yourself until you know what you're doing then possibly think about own authority.


    Where do these "I want to buy a truck, put a driver in it, and get rich" people come from? Only way to make money with one truck is driving it yourself.
     
    cabwrecker Thanks this.
  9. cabwrecker

    cabwrecker The clutch wrecker

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    You keep asking that. WE DON'T KNOW! :biggrin_25525:
     
  10. Florida Playboy

    Florida Playboy Road Train Member

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    He wouldn't even he able to recover his own truck because he has no CDL! So he'll pay somebody thousands of dollars to tow it or put an ad on Craigslist for somebody to drive the thing home hoping he won't steal it. I knew a guy who tried to do a similar "business" with a bus and lost his a ss.
     
  11. dextrdog

    dextrdog Light Load Member

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    Feb 2, 2012
    Milwaukee, WI
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    I've been driving local for 5 years now so yes I do have a CDL and don't need truck school. The point of me trying to get into this as a owner operator and not drive the truck is to be able to keep my local job and having someone else drive the truck. I'm aware of all the expenses. It takes money to make money. I never said I'm trying to get rich quick.
     
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