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Discussion in 'Questions From New Drivers' started by grizzlyfreight, May 12, 2018.

Page 2 of 2
  1. May 13, 2018 #11
    rolls canardly

    rolls canardly Road Train Member

    1,609
    3,796
    Feb 7, 2009
    mt. pocono. pa.
    0
    You can also use the search function here like a knowledge library of trucking answers.
    A lot of questions already asked and answered in there by pros over the years. Very helpful.
    Welcome aboard, Sam, and be safe.
     
    rolls canardly, May 13, 2018
    rolls canardly, May 13, 2018
    #11
    grizzlyfreight Thanks this.
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  3. May 13, 2018 #12
    WesternPlains

    WesternPlains Road Train Member

    6,298
    53,336
    Sep 1, 2017
    0
    Going O/O after 6 months? Do you have a rich uncle to pay the insurance? You should look into that. They are going to charge a ton. It's gonna be bad enough with only one year experience.
     
    WesternPlains, May 13, 2018
    WesternPlains, May 13, 2018
    #12
    QuietStorm and grizzlyfreight Thank this.
  4. May 13, 2018 #13
    grizzlyfreight

    grizzlyfreight Light Load Member

    53
    23
    May 12, 2018
    Los Angeles, CA
    0
    Thank you so much Rolls Canardly I will definitely do that! I appreciate that.

    Insurance shouldn't be more than 1200-1500 a month I also have a clean driving history, I already got some quotes! No to be honest Western I have been saving money for the last 12 years and I was always very smart with my finances! I knew it would pay off sometime, I will be buying my truck and trailer cash when I go o/o so I don't pay any loans or interest on it. Again this will be only if I feel fully comfortable driving after 6 months. It might take longer or less, depending on how things go!
     
    grizzlyfreight, May 13, 2018
    grizzlyfreight, May 13, 2018
    #13
  5. May 13, 2018 #14
    SteveScott

    SteveScott Road Train Member

    4,897
    16,806
    Nov 10, 2015
    0
    If you don't mind my asking, what company gave you a quote for $1,200 to $1,500 a month and exactly what kind of insurance was it? There aren't many companies that will throw a ballpark number out on insurance for a driver that isn't licensed yet and doesn't have a truck or a DOT number. Realistically, your monthly insurance costs could be triple that amount, especially in California.
     
    SteveScott, May 13, 2018
    SteveScott, May 13, 2018
    #14
  7. May 13, 2018 #15
    Ridgeline

    Ridgeline Road Train Member

    22,400
    116,456
    Dec 18, 2011
    Michigan
    0
    What makes you think that after a year of driving, you will be able to buy a truck, pay for insurance and get an authority plus have operating capitial?
     
    Ridgeline, May 13, 2018
    Ridgeline, May 13, 2018
    #15
  8. May 13, 2018 #16
    grizzlyfreight

    grizzlyfreight Light Load Member

    53
    23
    May 12, 2018
    Los Angeles, CA
    0
    Yes it is my brothers friends company recommendation, I will get the details of the company and the policy they have quoted me. I did tell them that I did not have my CDL A but wanted a quote for if I had a CDL A with 3-6 months experience with no accidents or any citations.

    Ridgeline thank you for your input! I have owned my own third party logistics company which I have made very good income working directly with shippers, and I have had many real estate investments and hold a real estate license and have sold many property in Los Angeles which has gave me a good source of income thankfully. Again Ridgeline I already have the money saved up, I am not working for a OTR company for their money, as I have made way more than any OTR company can give me even after 5 years of driving there to be honest. I am only going for the experience, and that only. I have had 7 years of experience in the trucking industry on the 3pl side, and my goal is to make a carrier company with myself driving o/o first then adding trucks along the line and making my own fleet.
     
    grizzlyfreight, May 13, 2018
    grizzlyfreight, May 13, 2018
    #16
  9. May 13, 2018 #17
    Wargames

    Wargames Captain Crusty

    3,220
    7,409
    Jul 22, 2010
    WI.
    0
    the best advice I can give is cotact Chinatown on the forum. He is a world of knowledge on trucking companies. He`s the best.
     
    Wargames, May 13, 2018
    Wargames, May 13, 2018
    #17
    grizzlyfreight Thanks this.
  10. May 13, 2018 #18
    grizzlyfreight

    grizzlyfreight Light Load Member

    53
    23
    May 12, 2018
    Los Angeles, CA
    0
    Thank you Wargames, I have heard great things about him and I will definitely reach out to him!
     
    grizzlyfreight, May 13, 2018
    grizzlyfreight, May 13, 2018
    #18
  11. May 13, 2018 #19
    QuietStorm

    QuietStorm Heavy Load Member

    899
    1,416
    Dec 11, 2016
    0
    To be honest 6 months isn't long enough. Get at least 2 winters under your belt (and drive through it) before you buy your truck. Not only will get get experience with different seasons in different areas under your belt, yoully also learn the freight volume shifts from the driver side of the market, not just broker.

    While you may have enough money to start your business as an independent o/o, I would also suggest that after you buy your tractor lease on to an o/o company like landstar (but not necessarily them) for a couple years while your own authority is activated. This may reduce your revenue for a while but it will also reduce your expenses while building business history.

    These are just suggestions, however, succeeding in trucking is a long game, not a short game that you can just throw more money at to increase your odds of profit.
     
    QuietStorm, May 13, 2018
    QuietStorm, May 13, 2018
    #19
    Wargames and grizzlyfreight Thank this.
  12. May 14, 2018 #20
    grizzlyfreight

    grizzlyfreight Light Load Member

    53
    23
    May 12, 2018
    Los Angeles, CA
    0
    I absolutely agree QuietStorm, even though the routes I will be doing in Cali as an o/o will be no snow on the roads as I am doing LA ---> Sacramento/SF area, I do agree that trucking is a long game and I have a lot to learn. Who knows if I don't feel ready in my short amount of time, I will still continue my experience with the OTR company, until I feel 500% ready to be independent. I really appreciate your great advice it will not be forgotten along my journey!
     
    grizzlyfreight, May 14, 2018
    grizzlyfreight, May 14, 2018
    #20
    Wargames and QuietStorm Thank this.
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