Soon To Be Graduate
Topic 3213 | Page 2
Thanks again everyone for your responses its very helpful. if i run into anything i dont understand(new to trucking) i hope here is the palce i cant a little help from thanks again hagd
I just finished working tax season, and can verify that the O/O's generally don't end up with much more, if any more than the company drivers. A typical O/O might gross $250,000 - which sounds AMAZING - until expenses come off the top. Fuel cost is a killer. That same O/O spends over $100,000 on fuel and $15,000 on repairs. Then license, registration, permits, lumpers, scales & tolls, truck washes, etc. . . . that O/O ends up showing maybe a $35,000 net profit. Granted, you WANT that net profit to be as small as possible on your tax return, and some expense is depreciation on the truck, so you have more than $35,000 in your pocket at the end of the year, but not enough to justify all the additional headache and risks.
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.
OWI:
Operating While Intoxicated
And thats if you only have $15k in repairs...that doesn't take into account the down time while your truck is being repaired. And like us...we blew an engine...it cost $27k to replace...so much for the budget....I would NEVER buy another truck...but I'd happily drive some company truck !!!!!!
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Hubby and I were O/O's for 15 long, grueling thankless years.....and that was when there was money to be made. Now, with a profit margin of 3%....that won't even pay the rent...and don't even think about breakdowns...You never own the truck...it owns you...and its a hard task master... Company drivers make as much, and usually more than a O/O...and they have more fun doing it.
You need to apply at all the companies you can...then pick and choose, by figuring out what kind of freight you want to haul, what kind of home time they offer, school pay back options, pay, etc. So research is the key. You will want to stick with your chosen company for a year....then you can go to any company, since you will be a seasoned, experienced professional driver...Companies have found that women make better drivers...they take better care of the equipment, don't take chances, don't break the rules, and are honest to a fault. So its a great line of work to get into....
And...FYI...NEVER LEASE A TRUCK!!!!! Its worse than buying one !!!!
HOS:
Hours Of Service
HOS refers to the logbook hours of service regulations.OOS:
When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.