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Work for a company or buy Authority?

Discussion in 'Expediter and Hot Shot Trucking Forum' started by finalreview, Dec 20, 2013.

  1. Dec 20, 2013 #1
    finalreview

    finalreview Bobtail Member

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    Dec 19, 2013
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    So my business partner's father is an exec at British Petroleum here in Houston at their NA HQ, so he has tons of contacts in the Texas oil industry. Neither of us have any trucking experience so from what I've read it will be hard for us to find a company that will hire us. We will be sharing the Ram 3500 I6 6.7L/408 with a 40' gooseneck. How much better is the pay if you have your own authority and contacts per mile? Is it worth getting the authority if you can find equal amount of freight that a company can provide?

    Also would a company even hire us since we will be sharing the truck a week a time (we both will be working on an on shore rig 1wk/1wkoff opposite weeks). Our eventual plan is to invest more money into a second truck then eventually start hiring drivers if we can accumulate enough extra freight. We are both 25 years old with perfect driving records and brand new CDL-A so I'm assuming our 1M liability / 100k cargo insurance would be more then 4k a year.
     
    finalreview, Dec 20, 2013
    finalreview, Dec 20, 2013
    #1
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  3. Dec 20, 2013 #2
    Skunk_Truck_2590

    Skunk_Truck_2590 Road Train Member

    2,094
    684
    Feb 16, 2007
    Stonewall, LA.
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    Personally, I say get your own authority. This will be a CYA to be open to other options to make cash flow. Drilling is never a guarantee as it will disappear as it has already started to. History has a good way of repeating itself so why not give your self a little job security by getting your own authority. The upside to this is that those same tool and pipe loads are more than likely posted on load boards if the company at hand doesn't have their own trucks to haul. Kinda dumb no one will touch you just because you drive a 3500 pulling a gooseneck because anybody can go out and buy one and drive it without special training. Just keep in mind when you work for yourself picking loads, work smarter, not harder when choosing loads. Running as many loads as possible will probably only break you, gotta be smart with your numbers in operating costs.
     
    Skunk_Truck_2590, Dec 20, 2013
    Skunk_Truck_2590, Dec 20, 2013
    #2
    Criminey Jade and GITRDUN45 Thank this.
  4. Dec 20, 2013 #3
    GITRDUN45

    GITRDUN45 Heavy Load Member

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    Sep 30, 2013
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    AUTHORITY!!!!!!!!!!!!!!!!!!!!!!
     
    GITRDUN45, Dec 20, 2013
    GITRDUN45, Dec 20, 2013
    #3
    Skunk_Truck_2590 Thanks this.
  5. Dec 20, 2013 #4
    mickey melon

    mickey melon Medium Load Member

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    Aug 23, 2013
    Chicago,Il
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    Authority means 'control'

    If you are not a Savvy business minded person...You wont be around long. Work smart-not too hard. Be Confident in your rates....Dont ever show weakness to ANYONE.

    Best of luck
     
    mickey melon, Dec 20, 2013
    mickey melon, Dec 20, 2013
    #4
    GITRDUN45 and Skunk_Truck_2590 Thank this.
  7. Dec 20, 2013 #5
    GITRDUN45

    GITRDUN45 Heavy Load Member

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    Sep 30, 2013
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    AMENNNN!! Preach it MMM . I got chills!! (MMM = Mr.Micky Melon )
     
    GITRDUN45, Dec 20, 2013
    GITRDUN45, Dec 20, 2013
    #5
  8. Dec 20, 2013 #6
    Skunk_Truck_2590

    Skunk_Truck_2590 Road Train Member

    2,094
    684
    Feb 16, 2007
    Stonewall, LA.
    0
    It will open him up to other things even if they don't pay so well, just to keep him moving rather than sitting around waiting on a pipe yard or a drilling rig to get done screwing around like a couple days of removing a whole string of drill stem just to get the tools out and send it off for repairs. That's if they don't mess around loosing it having to call someone else in to fish it out of the hole. Inthe mean time, you could be moving building materials locally or farm equipment (examples) to keep him busy as long as the rates are good.
     
    Skunk_Truck_2590, Dec 20, 2013
    Skunk_Truck_2590, Dec 20, 2013
    #6
    Criminey Jade Thanks this.
  9. Dec 20, 2013 #7
    finalreview

    finalreview Bobtail Member

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    Dec 19, 2013
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    Thanks for the info, any ideas how much more per mile you are paid? When people say they get 3$/mile does that include the %cut your company takes so i'd be making 3.9$/mile (I understand you negotiate contracts but in general is it 1$ more per mile on avg)? Also do all hot shot companies hold your money and payout every 2 weeks in checks? I more like the sound of showing up, delivering, cash in hand / money paid to my company account.
     
    finalreview, Dec 20, 2013
    finalreview, Dec 20, 2013
    #7
  10. Dec 20, 2013 #8
    finalreview

    finalreview Bobtail Member

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    Dec 19, 2013
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    CDL-A is required isn't it? Or do you not consider that special training? Also I'm still trying to figure out if a company is likely to hire 2 of us for 1 truck?
     
    finalreview, Dec 20, 2013
    finalreview, Dec 20, 2013
    #8
  11. Dec 21, 2013 #9
    Ridgeline

    Ridgeline Road Train Member

    22,190
    113,880
    Dec 18, 2011
    Michigan
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    Outside of all that advice, learn how to use those connections to build a real business up where you can get trucks leased onto your authority and make good money.
     
    Ridgeline, Dec 21, 2013
    Ridgeline, Dec 21, 2013
    #9
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