I am a oilfield transport driver hauling chemical to well sites for over 2 years now.
I am interested in going owner operator and would like some info from drivers in the area about finding loans and how profitable the market is at this time.
The risk isn't worth the reward. It was back in the day but there's too much that could go wrong. Now you can make a great living as a company driver the never have to worry about wrenching on your equipment
I am an O/O hauling crude for a small company currently (less than 10 trks). The pay is great when working (up to $10k a week, ave. $4,500 wk gross before fuel). But been sitting for various reasons off & on. A month at the first of the year, now sitting for about a week recently. Also keep in mind what everyone who's been O/O is telling you bout expenses. THEY ARE REAL! THEY DO ADD UP!! THEY WILL CONTINUALLY HIT YOUR BOTTOM LINE!!! I know from experience... I was blessed to keep my finances in order. When I bought a $60k Volvo 15 mos ago. I had about $30k in credit cards available... went thru almost every penny of it to get up & running well. It took about 4 solid months to get my wet kit, cause I went CHEAP/USED & trusted a scammer. Cost me alot up front. Now after running for about a year (as I said off & on), the truck is well! The wet kit is good, but has ocassional leak. I lease my trailer (thank God), but not sure if I would make more or less if I owned it. Tires on the truck are enough to send my head spinning, lol.
Keep in mind, as an O/O you are free to call your shots, but at what expense... try to talk to as many o/o as possible & weigh your decision upon your diligent research. My bottom line is I'm about 65-75% pro YES to O/O. The painful bills & down time is up to ones patience to succeed in the long run. I'm 63 and running thin on patience, lol