Doing My Own Thing
Topic 21311 | Page 1
We don't really advocate being an O/O or L/O. Your best bet to seek info in those areas is to join OOIDA.
OOIDA:
Owner-Operator Independent Drivers Association
Who They Are
OOIDA is an international trade association representing the interests of independent owner-operators and professional drivers on all issues that affect truckers. The over 150,000 members of OOIDA are men and women in all 50 states and Canada who collectively own and/or operate more than 240,000 individual heavy-duty trucks and small truck fleets.
Their Mission
The mission of OOIDA is to serve owner-operators, small fleets and professional truckers; to work for a business climate where truckers are treated equally and fairly; to promote highway safety and responsibility among all highway users; and to promote a better business climate and efficiency for all truck operators.
HOS:
Hours Of Service
HOS refers to the logbook hours of service regulations.
Here is your answer. Bad idea. Confessions of an owner operator
Owner Operator:
An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.
Here is your answer. Bad idea. Confessions of an owner operator
all these articles talk about are how much you ll bring home theres nothing about all the taxes you get back all the expences you can put toward your business and bring home alot at the end of the year and over that the freedom of choosing your own freight choosing your own lanes getting home when you want to be .there are risks in every business .
Owner Operator:
An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.
OOS:
When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.
Ehh... just no. Even when you factor in taxes and all that good stuff, it still turns out as very bad profits. Also, you have to compete for freight.
Think about it; Nobody knows who you are, how good you are, your credibility, or anything really. It's just overall a bad idea.
all these articles talk about are how much you ll bring home theres nothing about all the taxes you get back all the expences you can put toward your business and bring home alot at the end of the year and over that the freedom of choosing your own freight choosing your own lanes getting home when you want to be
You asked. We answered. Did you want the truth, or did you just want us to stroke your ego?
Why don't you tell us about all those taxes you are going to get back? I was in business thirty years - never once did I get anything back. The truth is I paid tens of thousands every year.
You just spelled out every owner operator wannabe's laundry list of goodies. I'm sorry sir, but you're drunk on the Kool-Aid.
Owner Operator:
An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.
HOS:
Hours Of Service
HOS refers to the logbook hours of service regulations.OOS:
When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.
Honestly, with only one year experience, i wouldnt recommend it.
Honestly, with only one year experience, i wouldnt recommend it.
Honestly with 50 yrs xp and 5 million miles, I WOULDN'T recommend it.
there are risks in every business
There are not equal risks in every business though. Trucking is a commodity service with relatively high startup costs, high ongoing capital expenditures, you're operating in a very litigious environment, there are a lot of physical risks in running a trucking business, and the profit margins are very slim.
theres nothing about all the taxes you get back
I was trying to respond to this from a business owner's perspective but I don't even know where to begin. First of all, businesses rarely get back tax money. A sole proprietor may pay quarterlies and get a little back if they paid in too much, but that's not good news, that means you overestimated what your profits would be for that year.
Also, tax returns are not income, they are a refund of the money you gave to the Government.
Rookie Cookie, you say you have that 1+ years driving experience. How much business experience do you have? How much responsibility did you have to repair your company truck? What's involved with changing the starter (which you might be able to do yourself), how much do those puppies cost? Will you depend on depreciation to make money?
As on OO you'll be looking for every nickel. This is not desperation, this is what every successful OO does, they just know "where to look".
If you think you are down with OTR trucking after one year, you're not. And just running any business profitably is a hot mess in itself.
(Note: I just showed this post to a 17 year trucking veteran, who has considered buying his own truck before. He agrees with the answers here: "Dont!")
OTR:
Over The Road
OTR driving normally means you'll be hauling freight to various customers throughout your company's hauling region. It often entails being gone from home for two to three weeks at a time.
HOS:
Hours Of Service
HOS refers to the logbook hours of service regulations.New Reply:
New! Check out our help videos for a better understanding of our forum features
Preview:
This topic has the following tags:
Advice For New Truck Drivers Leasing A Truck Owner Operator Trucking Industry Concerns
Why Join Trucking Truth?
- The High Road Training Program
- The High Road Article Series
- The Friendliest Trucker's Forum Ever!
- Email Updates When New Articles Are Posted
Apply For Paid CDL Training Through TruckingTruth
Did you know you can fill out one quick form here on TruckingTruth and apply to several companies at once for paid CDL training? Seriously! The application only takes one minute. You will speak with recruiters today. There is no obligation whatsoever. Learn more and apply here:
TT On Facebook
Hey how ya all doing. i am planning on getting my own truck and trailer and start doing my own runs .i have 1 y of experience and a pretty good credit (785+ ) i am planning on taking load from load boards first then building relations with good dispatchers and later on getting my own dispatcher.i kinda know a bit about lanes .i ll be running a dry van and prob thinking abour freightshaker for good mpg. planning on doing it after winter around march-april when freight picks up .is it a good idea ? what you guys think .
Dispatcher:
Dispatcher, Fleet Manager, Driver Manager
The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.Dry Van:
A trailer or truck that that requires no special attention, such as refrigeration, that hauls regular palletted, boxed, or floor-loaded freight. The most common type of trailer in trucking.