O/O Truck
Topic 30417 | Page 2
As a business owner, I'm trying to figure out why the market exists. I don't see a clear path to revenue vs expense. Or potential for both. So im baffled as to whom benefits and how and why?
I'm curious as to why people do it if it's as difficult as stated.
If I'm understanding correctly, an individual buys a truck from the parent company, then effectively hires a driver to drive the truck at supposedly a higher price than the parent company would?
I fail to understand how that could be profitable to anyone involved? Since parent company already has overheating of insurance, employees and trucks, why not just keep an employee driving it? Since a truck can be gotten for less interest on an open market through a broker, wouldn't it make more sense to do that if you really want to start a small business doing this? Confuses me.
Baffle:
A partition or separator within a liquid tank, used to inhibit the flow of fluids within the tank. During acceleration, turning, and braking, a large liquid-filled tank may produce unexpected forces on the vehicle due to the inertia of liquids.New Reply:
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I didn't have time to type this out before. sorry
Most OO have no idea what we get paid. They think offering 30cpm to team with a 1cpm fuel bonus is good. As a straight team I averaged 42cpm with bonuses for all miles..
They think 51cpm is good with a $25 per week fuel bonus. I average about 58cpm with bonuses. My fuel bonus is usually between $100 to $250 per week. A rookie just got $175 in fuel bonuses this week...he sent me his pay.
They offer "flexible home time" of 8 to 10 days every 8 weeks. That is less than what I get now.
They want high revenue and low miles so a driver can be sitting a lot and the OO is doing good. My one friend took home $300 for a whole week. I do twice as much on home time 😆
Some have you deal.with both dispatch and them and you do double the paperwork for no extra pay. Some unscrupulous ones will have the new driver pay the insurance deductible for accidents...totally wrong. They even give newbies bad info on logs to keep them rolling such as "5 minutes on duty for everything".
Many are just bad businessman in general. One guy offered me "a guarantee of $1000 per week with a potential of $1500". I laughed and walked away.
Most offer only 1 week vacation even to experienced drivers... I get 3 weeks.
What they don't offer:
Wellness bonus... I get between $10 and $20 per week True fuel bonus Sometimes they keep the on time delivery and accident free bonus. Some give you a portion of the detention prime split with them.
What they do offer:
A lot of headaches A new fleet manager who will side.with them
Fleet Manager:
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.CPM:
Cents Per Mile
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
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.
TWIC:
Transportation Worker Identification Credential
Truck drivers who regularly pick up from or deliver to the shipping ports will often be required to carry a TWIC card.
Your TWIC is a tamper-resistant biometric card which acts as both your identification in secure areas, as well as an indicator of you having passed the necessary security clearance. TWIC cards are valid for five years. The issuance of TWIC cards is overseen by the Transportation Security Administration and the Department of Homeland Security.