Into. Company To O/o

Topic 24242 | Page 1

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Sid V.'s Comment
member avatar

Hello, i was lurking around a couple years ago and now I'm back with a bit more knowledge.

Short version of my story. I drove for a mega for two years. I trained for one year. I got into a dot reportable accident a year ago when my truck slammed on its own brakes while i was on black ice and a curve. I got fired.

Called around and nobody would hire me so then took the money i had saved from working to purchase a truck. I got my own authority, ultra high insurance, and started running loads.

I am currently finishing up my first year of being an o/o, which the only thing i haven't done for the year is my taxes, which i have a cpa.

Anyways, i know this board is mainly for company drivers, but if anybody had questions on thinking to be an o/o, i could possibly provide some insight.

Thank you brett and the mods for making this board for us.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

PackRat's Comment
member avatar

You have done the estimated quarterly business taxes for a year-12 months?

Old School's Comment
member avatar

Well Sid, what would you say to me if I thought I wanted to be 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.

PackRat's Comment
member avatar

You have done the estimated quarterly business taxes for a year-12 months?

Should have stated: You have NOT done the estimated quarterly business taxes for a year-12 months?

JuiceBox's Comment
member avatar

This will hopefully end well but my question is, why would you have the cc on when there was a possibility of black ice? Or did your truck just randomly slam on the brakes with no cc? Just curious.

Truckin Along With Kearse's Comment
member avatar

I would ask "what did you learn from the accident and why did you want to take on so much risk after realizing you are not immune to accidents?"

I want to know your gross revenue, your total operation costs, and your total tax. What is your avg cpm and your avg operation cost per mile?

please answer when you get those numbers.

CPM:

Cents Per Mile

Drivers are often paid by the mile and it's given in cents per mile, or cpm.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
G-Town's Comment
member avatar

This will hopefully end well but my question is, why would you have the cc on when there was a possibility of black ice? Or did your truck just randomly slam on the brakes with no cc? Just curious.

Exactly what I was thinking...CC regularity behaves in that fashion.

Truckin Along With Kearse's Comment
member avatar

My On Guard will work even if im not on cruise. Just happened to me today as a matter of fact. I was in atlanta traffic and definitely not on cruise. i can push the pedal harder to override it. in winter i usually dont chop the ice off so it blocks the radar

smile.gif

This is a Bendix system not on guard..but was the same in my other truck.

Susan D. 's Comment
member avatar

Rainy.. you're just 68 miles south of me lol.. which way you headed? I'm headed to Indy but on my break.

Truckin Along With Kearse's Comment
member avatar

Rainy.. you're just 68 miles south of me lol.. which way you headed? I'm headed to Indy but on my break.

0h crap!!! i looked earlier too! i didnt see u. Im going west to TX. and the wind gusts just pushed me like a rag doll so be careful.

I was on break all day typing on here and i think im now too "fatigued" to drive. lol

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