Profile For Sid V.

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Posted:  2 weeks, 4 days ago

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Owner operator

If I buy a box truck tomorrow, and lease onto your company, what can you guarantee in writing for pay? If you don't want to talk about it in public, I can shoot you my email and we can discuss.

Posted:  3 weeks, 1 day ago

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Owner operator

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

And if you think I'm dumb enough to go look at holiday freight rates, you're out of your mind.

Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

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Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

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Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

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theyb have to provide me with their profit and loss statements

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I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

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Posted:  3 weeks, 1 day ago

View Topic:

Owner operator

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

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theyb have to provide me with their profit and loss statements

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I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

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Posted:  3 weeks, 2 days ago

View Topic:

Owner operator

Jared,

It has been a down year for trucking and it's projected next year also. The rates are real low right now. Keep saving and check back next fall.

Posted:  1 month ago

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Tips for TNT driving?

Honestly your trainer should not be letting you drive nights. When I trained the students were not allowed to drive past midnight. It's just unsafe.

Sleeping in the bottom bunk helps a lot if you're not doing it already.

If it was me id have a talk with your trainer and if he still wants you to drive nights I would get another trainer, but that's just me.

Posted:  1 month ago

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So you want to start your own trucking company?

Danny, factoring companies are nothing more than glorified payday loan sharks. Notice the 100 pages of legal papers you have to sign to get started?

They will also want to be listed as #1 beneficiary under any truck loans in case of the shipper not paying.

Some people use them because they find their services useful. Also, this is the year 2020. If someone says they take longer than a week to pay, than I'm not pulling for them. Plain and simple.

Posted:  1 month, 1 week ago

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Part Time Solo CDLB OTR - Is it Possible?

Hi Jonathan,

I think you are confusing being a company driver and being an o/o. Being an o/o is a full time gig. Much like opening your own brick and mortar store, you can not open whenever you want a couple times a week on the side because the expenses are too high to do so. The pay is very erratic and your at the mercy of the freight market forces.

I would look around your area and see if there are companies you could drive part time for and start from there. Good luck.

Posted:  1 month, 2 weeks ago

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Celadon Bankruptcy Imminent

That's going to be for the lawyers to figure out. When a company closes down crazy stuff happens with contracts for example of a college closes you can apply to get your student loans cancelled. Hope that all that is involved makes it through.

Lease ops are going to get screwed more. Most lease contracts i have seen have a "completion bonus" made up.of.money they put in over the years. Trucks belong to the bank, lease terminated, no bonus given. Prime lease completion is as high as $36k of YOUR money they took over the lease.

Celadon leasees have no way to recover that money.

Posted:  1 month, 2 weeks ago

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Celadon Bankruptcy Imminent

The slowdown in trucking in the last year and a half is probably going to keep claiming mid to large companies as their contracts make their way into the ulta cheap spot market.

If there are any drivers by Morris, IL that need help getting somewhere, let me know.

Posted:  1 month, 3 weeks ago

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Will Amazon's pay-per-day plan influence the industry?

I don't know which Amazon I drove by but I saw about 200 brand new day cab's, no joke. I remember thinking to myself wow, there's not any sleepers.

This article was probably written by someone in the media who has no idea how the trucking industry works because the numbers don't make any sense.

They're obviously not going to pay a company driver $600 a day when they don't have fuel, insurance, maintaince, etc. So this rate is for o/o's, I guess. So, let's see $600 for 400 miles that's $1.50 a mile. No thanks, that's a cheap rate.

Amazon tries to bully everyone because they think they're special with their big name but with o/o's like mercenaries hauling for the highest bidder, your no more special than the next guy.

Posted:  1 month, 3 weeks ago

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Bizarre Change of Opinion

The market is what it is. This morning there was a load for $1230 and I put in a bid for $1400 hoping to get it for $1300.

They countered with $1230.86. Lol. That's just downright insulting, but right now it's either take it or leave it. I left it, and it was taken by someone else almost immediately.

It will be interesting to see how many carriers choose not to renew their authority next year.

Posted:  2 months ago

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My First Day With My Mentor And Not Sure If I Need To Do More

I wouldn't really worry about your trainer using your time to get unstuck in a parking lot. Remember, if he goes and turns on his time his clock starts and it could ruin the trip.

Now, if he starts driving on the interstate with your time, that's another story.

One suggestion I could make is to try and take time off and get him out of the truck. I always took time off every 2 weeks because training can get overwhelming for both parties and nothing can calm things faster than some time off the truck.

Posted:  2 months, 2 weeks ago

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Driving with a dog.

Also remember, the larger the dog the smaller the space is for them. I brought my 40pd pit and she was a bit cramped imo.

Also, I would suggest getting a membership at the petsmart clinic cause it's hard to find a vet that is convenient for a big truck. Good luck.

Posted:  2 months, 3 weeks ago

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Food for thought from an o/o

Industry standard is 1 million liability, 100k cargo. (Minimum is 750k cargo, but some brokers require the 100k) no physical damage on truck or trailer. I own both. My premium is 11k a year with 1500 downpayment.

Posted:  2 months, 3 weeks ago

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Food for thought from an o/o

That's getting insurance through ooida.

The owner has to have 4 years minimum, anyone he or she hires has to have a minimum 9 years.

Straight from the agents mouth.

Posted:  2 months, 3 weeks ago

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Food for thought from an o/o

Hello, I will possibly be switching insurance companies next year and when I went to get my quote they mentioned that if I hire anybody to drive under my authority, they would need a minimum of (9) nine years of experience for them to cover. Yikes.

Have a nice day folks and be safe out there.

Posted:  2 months, 4 weeks ago

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Hi prime

After 4 years of driving I finally saw the terminal in Springfield going eastbound on 44. The sign just caught the corner of my eye.

Anyways, i know there's quite a few primes here. Be safe and have a great day.

Posted:  2 months, 4 weeks ago

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Flatbed owner operators!

For van it's just one rate from start to finish. Im looking for 100 to 200 per stop.

Of course you have to look at the entire trip to see what you'll be grossing. I need 4k a week to operate. A lot of those multiple stop trips only pay like 2k for the week because of the scheduling for the stops so I rarely take then.

Hope this helps.

Posted:  3 months, 1 week ago

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4200 jobs cut in trucking in the month of September

Il bite. Im an o/o finishing up year 2 with my authority. In the past few years there has been 2 noticable changes in our industry that is making things quite interesting imo.

First is elds. Not much to say what hasn't been said. Like it or hate it. When they were mandated the industry in fear of capacity spiked rates doubling almost overnight. Many, many new carriers came in the game and by the time the fear subsided the market found itself with too much capacity and the rates sank. Not surprisingly, many carriers leased to companies with contracted freight like the megas and places like landstar because they had contact freight.

Secondly, and maybe more importantly are the new electronic brokering systems. 5 years ago there were basically 2 load boards that had the vast ajority of the loads. In order to get a load you had to call the broker, speak to them, agree on a rate, have the rate sheet emailed over, look over the contract, red line anything you didn't like, sign the rate sheet, email back the contract, and only then would you book the load. Only 1 out of 4 or 5 calls would actually result in getting a load booked and it would take hours sometimes.

Fast forward to today. Many brokers have a point and click app that just show you the reciever, shipper, and the rate. If you like it click, if not move on. What this has done is remove the giant bottleneck that got in the way between the carrier and the broker. It basically gave the brokers to the huge amounts of capacity and in doing so really dropped rates and kept them low.

In the future, in my opinion, it's going to put a lot of pressure on the small to medium sized carriers. When the contracts they have are up, the shippers might just go into the spot market instead of signing contracts because of the ease of finding capacity in today's digital world.

Anyways, that was a lot to say, but it's a very complex and fragile system.

Posted:  5 months, 3 weeks ago

View Topic:

Thinking about starting my own trucking company

Hi Adam,

Im an o/o operating under my own authority.

I don't know how you haven't heard from everyone in the trucking industry for the past year, but the market has been soft and has been since 2018.

This is not the time to come out here. You can save money right now and plan when the market rebounds, but I doubt it will be anytime soon.

Call insurance companies for quotes on insurance. Insurance rules this industry. I recommend ooida if you have that many years of experience.

Your three major expenses are fuel, insurance, and repairs.

Position yourself to come out when the climate is good for business. And it's definitely not now.

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