Owner Operator

Topic 27296 | Page 4

Page 4 of 5 Previous Page Next Page Go To Page:
Brett Aquila's Comment
member avatar

Cornelius, from the numbers you've given us those expedited drivers had to turn 125,000 paid miles per year averaging $2.00 per mile. That's an incredible number of miles at a very high pay rate for a small truck in a specialized fleet, eh?

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Rob T.'s Comment
member avatar

Yesterday at a pickup I had an owner op parked next to me. He came over and started asking questions about my employer and asked what they pay us. I told him and he started laughing, claiming he makes 70-90 per hour for ALL his time in the truck, including sleeping. In the very next sentence he started talking about how he hasn't gone home since labor day (its now new years eve, in case this is read later). Apparently his wife has been begging him to take hometime but he needs money because he needs to put his truck in the shop. I wasnt going to get into an arguement with him so I just laughed and told him i needed the restroom and to stay safe. If this guy is making 70-90 an hour 24 hours a day hes making nearly $1700 PER DAY on the low end. Man I love hearing some of the crap many O/O come up with. He "makes" such great money but hasn't been home because he needs to pay the upcoming repair bill on the truck.

Bobcat_Bob's Comment
member avatar

He maybe making 1,700 a day in his truck but it sure ain't from driving.

smile.gif

Brett Aquila's Comment
member avatar
Man I love hearing some of the crap many O/O come up with

I've been listening to it for 26 years. We'll still be listening to it 26 years from now.

PackRat's Comment
member avatar

If I made that much per day, I'd never go home either.

rofl-3.gifrofl-3.gif

Mr. Curmudgeon's Comment
member avatar

dancing-dog.gif

Christmas Pup and I just love it when this topic comes up!! Jared, Kudos to you for not going all bristly ridgeback beast when the "slow down" advice starts... still amazes me when I hear drivers bragging about earning 200k+ per year as o/o. I don't even engage in the convo anymore... gross and net seem foreign concepts to some of them fellers.

Marc Lee AKA The 100k mil's Comment
member avatar

I didnt want to come back to this thread but beside doing insurance , i have invested in a logistic company that was started in 2016 and currently runs 30 trucks... the way we make our money is by booking loads for box trucks because that is all we specialize in and i know how much the CPM is for the loads we book. We only own 4 trucks plus 26 owner operators.... i respect Brett's vision and mission which is why i have never disclosed this... i roam around this forum because of all the advice that is given in here and when i see a question that draws my curiosity , i call my good friend who was the VP of operations at Schneider for 20 years and Roehl for 15... This site has helped me improve my safety department but i know the freight rates because that is how i make my living: booking freight. i know how much the drivers my company dispatches gross a week

Owner Operator:

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

CPM:

Cents Per Mile

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

Brett Aquila's Comment
member avatar
they gross around $5k per week , 13% goes to the dispatching company and the rest goes towards all the expenses that comes with trucking , from looking at their financials their take home is around 2k a week

You never answered my last question. You're saying these guys are grossing $250,000/year. So they're turning 125,000 paid miles per year averaging $2.00 per mile in a straight truck?

Rob T.'s Comment
member avatar

Cornelius - if box truck drivers are making as much as you claim, why do you still rely on owner ops? If their "take home" is 2,000 a week why not hire more drivers for $17 an hour (going rate in my city) and keep a larger share of the money?

Marc Lee AKA The 100k mil's Comment
member avatar

Like i said , we are a logistic company booking loads for them .... we dont want to go through the headaches that comes with owning a truck ... repairs . maintenance et al.... so we charge o/o 13% of their gross for which 1.5% goes to the factoring company ..... box trucks are mostly used b2y production companies that have production deadlines to meet which is why you have to gain the trust of the brokerage to run box trucks, once you have the reputation for on time delivery they use you more.... and Brett to answer your question yes if they were running 52 weeks a year they would but most of them run hard then take some few months of vacation to go to their countries...

DAC:

Drive-A-Check Report

A truck drivers DAC report will contain detailed information about their job history of the last 10 years as a CDL driver (as required by the DOT).

It may also contain your criminal history, drug test results, DOT infractions and accident history. The program is strictly voluntary from a company standpoint, but most of the medium-to-large carriers will participate.

Most trucking companies use DAC reports as part of their hiring and background check process. It is extremely important that drivers verify that the information contained in it is correct, and have it fixed if it's not.

EPU:

Electric Auxiliary Power Units

Electric APUs have started gaining acceptance. These electric APUs use battery packs instead of the diesel engine on traditional APUs as a source of power. The APU's battery pack is charged when the truck is in motion. When the truck is idle, the stored energy in the battery pack is then used to power an air conditioner, heater, and other devices

Page 4 of 5 Previous Page Next Page Go To Page:

New Reply:

New! Check out our help videos for a better understanding of our forum features

Bold
Italic
Underline
Quote
Photo
Link
Smiley
Links On TruckingTruth


example: TruckingTruth Homepage



example: https://www.truckingtruth.com
Submit
Cancel
Upload New Photo
Please enter a caption of one sentence or less:

Click on any of the buttons below to insert a link to that section of TruckingTruth:

Getting Started In Trucking High Road Training Program Company-Sponsored Training Programs Apply For Company-Sponsored Training Truck Driver's Career Guide Choosing A School Choosing A Company Truck Driving Schools Truck Driving Jobs Apply For Truck Driving Jobs DOT Physical Drug Testing Items To Pack Pre-Hire Letters CDL Practice Tests Trucking Company Reviews Brett's Book Leasing A Truck Pre-Trip Inspection Learn The Logbook Rules Sleep Apnea
Done
Done

0 characters so far - 5,500 maximum allowed.
Submit Preview

Preview:

Submit
Cancel

This topic has the following tags:

Advice For New Truck Drivers Electronic Logbooks Owner Operator Truck Maintenance
Click on any of the buttons above to view topics with that tag, or you can view a list of all forum tags here.

Join Us!

We have an awesome set of tools that will help you understand the trucking industry and prepare for a great start to your trucking career. Not only that, but everything we offer here at TruckingTruth is 100% free - no strings attached! Sign up now and get instant access to our member's section:
High Road Training Program Logo
  • 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:

Apply For Paid CDL Training

About Us

TruckingTruth was founded by Brett Aquila (that's me!), a 15 year truck driving veteran, in January 2007. After 15 years on the road I wanted to help people understand the trucking industry and everything that came with the career and lifestyle of an over the road trucker. We'll help you make the right choices and prepare for a great start to your trucking career.

Read More

Becoming A Truck Driver

Becoming A Truck Driver is a dream we've all pondered at some point in our lives. We've all wondered if the adventure and challenges of life on the open road would suit us better than the ordinary day to day lives we've always known. At TruckingTruth we'll help you decide if trucking is right for you and help you get your career off to a great start.

Learn More