How Much A Owner Operator Can Make

Topic 16739 | Page 1

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Superlejera's Comment
member avatar

Hello I'm in TNT now i have money save up around 35k cash and credit card around 20k I was thinking of buying my own truck pay cash.i saw a lot of truck selling for 25k 2013 with 50000 mile what advice can owner operator give me and thank you in advance

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

TNT:

Trainer-N-Trainee

Prime Inc has their own CDL training program and it's divided into two phases - PSD and TNT.

The PSD (Prime Student Driver) phase is where you'll get your permit and then go on the road for 10,000 miles with a trainer. When you come back you'll get your CDL license and enter the TNT phase.

The TNT phase is the second phase of training where you'll go on the road with an experienced driver for 30,000 miles of team driving. You'll receive 14ยข per mile ($700 per week guaranteed) during this phase. Once you're finished with TNT training you will be assigned a truck to run solo.

Sambo's Comment
member avatar

I'm not an owner operator , but I can give you some advice.

Take the 35k you have in cash and invest it, then get a job as a company driver and get 2 to 4 years experience before you think about going owner operator.

The quickest way to chew through 35k is to buy a truck and find out you don't like it, or you can't get enough miles to keep things afloat.

Remember, being owner operator is not just about driving a truck. You have to deal with taxes, authority, accounting, fuel, and do your own load brokering, permits, insurance, repairs. All of that is on you, and at the end of the day, you'll make more than a company driver, because you'll own your truck outright, but if things don't go as planned, all the expenses will eat you up.

Thusly, best to get a few years as a company driver to get a feel for how things work, then if you still want owner operator, go for it.

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

Susan D. 's Comment
member avatar

This is a site focused on those seeking information about becoming a professional driver. If you want that kind of info you may want to check out 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.
Ken C.'s Comment
member avatar

Take the Advice....Learn to Drive the Truck and for Sure make SURE you want this Lifestyle...A good company driver can make almost as much money as Lease Operator or a Owner Operator without many of the risks, I know, I've done all 3 and currently have my Own Truck signed on to a small fleet and while it's working out for me in the Big Picture of trucking I try to run smarter than ever now because I pay all the bills....!

Best thing you can do is run at least a few yr's for a Major Carrier and learn how the industry works, the freight lanes, the cost of being in business then decide what path to take..Like I said it works for me but I never wanted to take Home Time and I enjoy the lifestyle but you need more knowledge and experience before thinking about jumping in as a O/O's

Ken C.

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

Rick S.'s Comment
member avatar

Agree with all previous replies.

Plus - must be some typo's there. a 2013 truck with only 50K miles for $25K?

Love to see that ad. Probably more like 500K miles on a 2013 - and unless it was a daycab (and even then) would still go for more than $25K.

But alas - we don't discuss buying trucks here.

Rick

Fatsquatch 's Comment
member avatar

You know, the question that gets brought in here all the time is "how much can an O/O make?"

That's the wrong question.

The question should be "how much can an O/O keep?"

The answer, of course, being "about the same as a company driver."

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