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I met a successful O/O many years ago who gave me this valuable advice. To succeed do these 3 things: Keep your truck clean, keep yourself clean and show up everyday. To this day it amazes me how many will not do these 3 simple things. I'll be retiring soon and my truck has provided my family and I a wonderful life. Best wishes for all my fellow drivers and those that aspire to become O/O's
Yes, the only way to really grow is by taking responsibility for ourself. It is not about external things, it is not about cleaning outside, it is not about helping others even, it is always about ourself, about cleaning the inner world that will be unequivocally reflected on the outside as a by-product, that is, those that have been cleaned internally themselves from the inner disorder they will bring good things into the world: love and compassion, understanding and dedication in everything they do.
@@regab364936 Nothing to add to your comment. I love the eternal wisdom in your words. Yet I would humbly propose to say that we need not to rely upon our own strength and moral, but be coworkers with the Lord Jesus in perfecting our souls, hearts and minds. This strategy never fails. Blessings to you , guys.
Very nice.I am owner operator since 2010.I put 1.5 million mile on my first freightliner 2006 columbia.Now finally I bought 2022 peterbilt 565 hp 18 speed all platinum interior and brand new utility thermoking reefer president. Hard work guys.It will payoff just stay alive and work hard.Your dream will come true.I am former USA Iraq veteran too.served my tour very happily. Love army and long haul trucking.This is my company. I Work under my authority. I do all my paperwork every single thing myself. I teach myself. I am my boss.i love my freedom. I earned it.
100% agree. Great incentive for me to be disciplined with my money. It seems maintenance is the number one killer of owner ops. Prepare for the costs, or it's a short term ride.
I been in the trucking industry for almost forty years. Eighteen of them as an owner operator. I am now just a company man again. I must say sir that you are spot on with your numbers. After owning three different trucks and specking them for what I was going to do with the truck, the mistake I made was that I should have specked the truck bigger for operations that arose unexpectedly. Good job on your explanations.
After 15 years as a company driver my impression of the trucking business is that the O/O's who are successful could have been successful starting a taco stand, yard service, convenience store or any small business, and the rest would go broke no matter what they did.
Well said. I’m almost 50. Been independent (own authority) since 1994. Debt free since 2000. Started my first DBA business at age 12. It hasn’t been all roses but have done pretty well. Despite this business basically getting much harder every year.
As a retired CPA and controller of a company with nine OTR trucks, your advice is solid. I would add that if you are a OO, you need to avoid unprofitable loads and unprofitable routes. What money are you going to make if you can't get backhauls out of a location. When we subcontracted loads, we could always tell the smart operators from those who had no clue. BTW, I would want US$30-50k in the bank, as it seems that Canadian expenses seem to be a lot higher.
Awesome video thank you. I just bought an ‘09 International day cab, with a 12 month 160,000km warranty. No payments first, years insurance paid up and $25,000 in my business account. Coming back to trucking after 15 years away. I am also 50 and I have recently recovered from prostate cancer, my kids are grown and I’m divorced, so this is for me.
As an aspiring o/o, I needed this video. I just recently passed school for my CDL Class A. I’m going to be driving for a company within 2 weeks. My plan already was to be a company driver for 3-5 years. Learn the ropes, run different regions, gain the proper experience & save money. I’m looking to have at least $30k saved before making the transition. I say $30k because having that cushion is a blessing in the long run. The more cushion, the safer the fall in my eyes. Thank you for the video, I hope it reaches more & more viewers!!
Being OO is not for everyone some people rather be enslaved to someone els no guts and no brains I worked 1.5 years and bought my own and got my authority now I drive regional and home on the weekend and at least 3 evenings a week and make $5 k a week clean I would just say have some money for backup about 20k and get a truck with some warranty that way you're covered if a major breakdown happens but most of all go and do it work hard I don't like to work for any company
Independent owner op here with own authority since 1994. Biggest part is CPM. Cost Per Mile. How much it costs you every single mile. It’s basic math that nobody seems to figure out.
My Dad knew Walter Pool of Poole Trucking Evergreen,Al. He wouldn’t take on an lease operator unless that driver knew his cost per mile! He said if they don’t know their cost how will they stay in business!
Exactly what I was thinking the entire video. Former operations manager at a service company. You can figure out rather accurately what your cost per mile is. Sounds like this is the same as any other business. Pay yourself the bare minimum for the first few years. Keep 40-50k minimum in an operations account. Whatever you would make working for someone else doing your same job, pay yourself less at first until you have accurate P&Ls figured out
I was a company driver my whole career. Made good money and never paid for tires trailer issues or breakdowns ! I hot lucky too have an awesome dispatcher. We worked great together, she looked out for me and vice versa!
We would like to offer owner operators a gross from 11.000$ (solo) 14.000$ (team) Dedicated lanes are avilable. 16% charge.All the services included Who is interested?
as an owner operator in the UK for the past 21 years i used to buy 5 -7 year old trucks and take 4-5 years work out of them, back 20 years ago there was no ad blue, dpf filters had less ecu's and sensors and i done most of my own maintenance, In the event of a gearbox or engine failure £2k reconditioned the gearbox and £5k reconditioned the engine. Twenty years on the dpf silencer on my truck costs £7k and an engine overhaul £20k, and the turbo has an ecu on it not to mention the endless warning lights and wiring loom problems.Today I contract hire a new truck for 5 years with repair and maintenance included in the price, yes it costs a lot of money but if you have steady work its the only way to go as nowadays a 2 or 3 year year old truck could put an owner drivers lights out if the truck gives a lot of hassle, the trucks today with all the electronics and emission controls don't last like the older trucks did and the repairs are extortionate compared to 10-20 years ago and the main dealerships in most cases are the only ones that have the proper diagnostic equipment to work on them. The technology of the new trucks today give the driver a more comfortable driving environment and the new auto gearbox's are superb and i wouldn't want to go back to the trucks that i owned 20 years ago,the only way forward is contract hire with full repair and maintenance included. Also as electric and hydrogen technology is going to be the future there's no way i would ever want to own one without a repair and maintenance contract.
You got that right....chrome don't get you home. I love to hear drivers argue about what truck is the best. I say it every time "the best truck on the road is the most profitable truck on the road". This video is very informative and many should find it useful and insightful.
Walk away full maintenance lease then buy one !!!! Or if your like me and have more money then brains just go buy one plus i have a exscort service i run and when im off on the weekends i have the girls clean my truck !!!!!
This is by far the best UA-cam informational video on Trucking that I have found! We are brand new to the business and researching as much information as we can find! Just subscribed to your channel! THANK YOU SO MUCH FOR YOUR HELP! God bless!
Yes. But the problem is most often this - is it , which is given to you , God’s plan or the result of your own decisions. Ask Him for wisdom (James 1:5-8).
Amen! If God leads you to it HE will provide you with the tools needed. Trust and believe in God! Also, always keep educating yourself!! There is ALWAYS things to learn!
I am freshly retired after driving company trucks mostly company trucks for the last 20 years. However when I did drive for owners I always ran the truck paying attention to all the numbers as if it was mine. All the ups all the downs and where we ended at the end with them. I have to say. Lost my uncle has 55 years of driving himself as well as a small company where I've watched him and he does fantastic. Buddy I have to say your numbers are absolutely spot-on and your information is extremely valuable for these people. They do not understand the change in your life when you sign the dotted line! Great job great info. One thing my uncle always said he either run with one truck or 3 you never run with just two because otherwise one truck has to take care of the bills for two trucks when one truck breaks down if you have three trucks you have two trucks to try to cover the expenses. It makes life much easier food for thought just his opinion and I believe it to be true myself.
Great video I’m definitely starting small with a. Daycab. Just right now trying to see if I want to run the load board or find a company that offers dedicated
No way will I borrow for a truck. Absolutely not. If don't have at least $100,000 of my own money there's no way I will own a truck. I get $100,000 cash then we'll see.
Good video, it covers pretty much all of the bases. One thing that needs to be stressed, YOU ARE the warranty center. You better have the tools and diagnostics to work on these new EPA motors. Know what an EGR tuneup is, how to diagnose properly, etc. If you think a warranty is going to save your butt, you are being a fool, no, a damn fool. There are very few shops in this country, or Canada, that can properly diagnose and properly fix an EPA motor or emission system. Drill that into your head, do not buy that warranty, you are the warranty if you are going to keep the truck past 3 years. These emission trucks have a 500,000 mile cycle, not the 1 million miles of of the old iron. Why do you think you see all of those trucks for sale with 300,000 to 500,000 miles on them? Because they are slap wore out, that is why! Many will require an in frame the minute you drive them off the lot. Don't laugh, that is a true statement. You better know what the hell you are doing when you buy a used truck, and for God's sake, pick the appropriate gearing and transmission for what YOU intend to do with it! And stay away from these trucks with automatic and 2:20 rear ends, those trucks have been beaten to death being lugged around their entire life. Try and find a manual transmission with at least 3:42 gears or lower, 3:55 is ideal for most applications out here. Do your due diligence, don't be that guy.
Thanks Brian for sharing o/o guidelines n hastle that everyone should consider before make that move. I was planning on becoming O/O but I guess I will take a break here atleast till I have 20k in savings. You are right about first breakdown like how much it cud cost me and when.... So thx for that n stay safe
As an owner op, I couldn't make it past 7min 29sec mark. These guys are scaring people into being voluntary servants. Practice due diligence. Being an owner op isn't as complicated as this company makes it out to be. Fuck Lease/Purchase... NEVER fall for the Lease/Purchase Burmese Tiger Trap. You're better off refinancing your home to cover a "used truck" than to buy a new one. Pick a 2014-16 with less than 600k, it's rough, but they ARE out there... If looking for truck-load, shoot for around 500hp, if less than truck load, stick with 400-450 hp. Me personally, I'm LTL, 450 cummins with an eaton ultrashift 13, waaay more power and transmission than I need. Anything more than truck-load, like heavy haul, you'll certainly need 600hp or more with an Eaton 13 or 18 manual. Don't let this guy scare you into submission.
I'm just starting out, scared as hell to even be a company driver but I'm taking the plunge. Maybe O/O is in the cards later but I've never even sat in a semi before, let alone driven one
@@harrisn9783 what area? thinking of changing careers and being an O/O someday soon but might want to start as a company driver to make sure I will like it...
Great video! I'm new to the trucking industry and have been doing some research on O/Os. I've asked a couple of other UA-cam O/O's about their expense ratios, but neither one replied back. I was hoping that maybe you can shed some light on the low to high range expense ratio of an O/O in your experience and possibly with your friends that are O/Os as well??
Ive been o/o with my own authority for 8 years And to all new drivers i 100% assure you those advices from this Gentleman are 100% correct Thanks for your time Sir , This is an awesome video
@@lumusmaxhuni4532 I think you didn't get my message clearly man, I am not offering your services ,I just want to talk to o/o so that I can develop my services good for them as we are in incubation right now. It will be very helpful if you share your insightful experience.
I have truck with 14 foot sleeper I save alot money on food and time not having to park with amenimenties. I turn down heavy loads which pay cheaper then lighter loads. I have older sries sixty Detroit no EGR or emissions crap. State of California is off limits for me. I don't have alot Chrome. I stay on I twenty. I carry a tool kit and carry belts hoses and spare brake parts. I do light mantance. More you can do yourself more you can save have grease gun I grease and check under truck everything every two thousand miles. I have six hundred gallons of fuel. This saves slot time and avoid pricy fuel. I buy low priced fuel at qt speedway and small fuel in east coast. The big truck stop have alot overhead compared the Little 7 11 three pump Operation I can leave Texas and go to i5 or i95 and get back without fueling.
Very informative video! Im in the early stages of putting things together to buy a truck and go on my own. It's a scary step, but a necessary stepI truly believe!
Great advice about seeing the country as a company driver, then when you start your owner-op business you'll have your vacations out of the way and make money by staying in your wheelhouse where the good money is and you can deal with people you know.
If you tell the truck dealership the DOT number of where you plan to lease to, you are exempt from sales tax. But all the rest is right on. 2 years so far, maintenance account is building well and profit is good.
I like to think of being an owner operator as being a starship captain, except your really the only person on the ship, so you have to cover the whole ship. Starfleet tells you where to drive, everything......everything else is up to you. If you didn't get the starfleet reference sorry not sorry.
Not a popular opinion but MOST drivers are better off as company drivers. Get with a company with benefits, fund your 401k and at the end of your career you will have a nice retirement. The O/O mystic far outweigh the reality.
When you say $55,000 range for person buying their first truck, are you talking about a used truck that’s $55,000 or a new truck leased that’s going to end up costing $55,000 through the lease?
The 1st truck I had were a 1996 International Eagle with a 60 series Detroit engine (OTR) rated. With 150 gallon fuel tanks. I had just 6 months to pay it off doing a lease purchase; The company dispatch, safety director, and the o/o company manager all ok me to haul a unsafe load. I got it all recorded, drove 3 miles from the shipper and rolled over the truck. Once the company wouldn't reimburse me for my truck, because they received the insurance check but wanted to cut me out as a lose (so many drivers just walk away) I hired a attorney, once the company after avoiding me for 2 months found out about the lawyer my truck were replaced, I received a settlement, and I had a better truck and had it played off in 6months. 2and truck were more expensive and more dependable and I drove th@ truck for 2 more years with low expanses. 😁🤑👍👏
Guys it's much more simple than he talks. Obvious thing to become an o/o is to find good reliable company, drive a truck and then buy this particular truck coz you know it. And if you're happy with the company, buy truck you drive and stick with the company you already know. Keep $40k budget for repairs and you will be a happy successful o/o. That's my way and it works perfectly. And invest your money in the business you like. Don't buy the biggest house or most expensive car right away. Gather money and invest. O/o is the trampoline to better life. Living home and driving for the rest of your life. O/o is not an end point. It's a good start to quit trucking. This guy is a trucker for life. You want to live on the road? No one wants.
This was incredibly helpful. I am trying to help my husband reach his trucking goals and this was informative to get my research started. Thank you for this! Excited to start this journey alongside my husband.
Fantastic video... Fuel is your biggest expense, and then maintanence. Shops normally charge around $165 an hour, so it is best to have the proper tools and diagnostic equipment on hand, along with the ability to learn all of the systems on the truck and how to properly diagnose and repair. And I am not talking about brake jobs. I am speaking of emissions. If you cannot work on these systems, or at least diagnose on the roadside, you will be in a world of financial hurt in short order. Than, you need to know how to drive the truck for fuel economy and motor longevity. Lug the motor, you will be out of business in short order when one of the liners drop. Drive 70+ mph, abusing the truck and motor, you will be out of business in short order. Picking a truck, this is where everyone seems to screw up. They get the wrong rear end and transmission gearing for what they intend to use the truck for. Delete, do not buy a truck with a delete, they are rarely if ever done properly and when they fail, it normally entails a complete rebuild of the motor. Again, buy tools, diagnostics, learn how to maintain the tuck properly. Learn how to do EGR tuneups, service the truck every 10,000 to 18,000 miles as conditions dictate. The emission filters, the DOC/DPF/SCR systems, you need to be able to maintain these systems, and that may entail crawling under the truck and removing them yourself. Learn the sensors, how to properly clean an EGR valve, how to rebuild a fuel pump, the list goes on and on. When you own an EPA truck, you are the warranty center, depend on a dealer for this work, you will be in the poor house in short order. I have been there and done that... I had to rebuild my motor twice, because the licensed Cummins shop botched the job by skipping several crucial steps. The motor lasted 70,000 miles and was shot, cylinder liner broke loose. I ended up doing the second rebuild at a friends house, in his driveway under a Home Depot picnic canopy. This industry is not for the faint of heart or weak minded. If you think a dealer will maintain your truck with an expensive warranty, you are being a fool, a damn fool. You are the warranty station and ultimately the head mechanic if you want to survive out here. thank God I was able to pay cash for this truck, it has served me, drained my wallet twice to the tune of $80,000+, but if I would have followed my own advice on that first motor rebuild, I would have some bragging rights. I'm still digging out from that, and then Covid hit. If I had a payment on this truck, I would have been out of business in short order.
Very informative video and very knowledgeable. Considering becoming a owner operator one day I’m glad I viewed this video first and now know how to better prepare myself.
What’s wrong with Volvo? I was under the impression they were highly regarded due to their supposed shorter stopping distance and tighter turning radius.
You didn't mention insurance Government the worst Get payed Government doesn't stick up for one truck it's civil matter You walk in any store steel a stick a gum your going to jail You don't get payed civil Now the shall game they now the cop judge takes awhile Government is against owner operator.
I retired as a company driver, nice pension and a fat 401k. O/Os do not work for themselves, they work for brokers. But not many GREAT companies to work for.
@@daneblackburn613 Great for them, I always said, "I am not a truck driver, I drive a truck". Driving make me a great living (and retirement) but it did not consume my life. Slept in my own bed (with my wife) most nights and every Saturday and Sunday off. I was paid by the "run" and not by the hour. 30 hours driving was a long week for me.
One of the best Videos about trucking In US by the way im not even a trucker or willing to be but I love Love trucks and hearing the News and how you run ur businesses + i following alot of trackers and Also im not Even in USA or any around LOL xD
These are great tips, but how come Truckers got to tell the same stories. You are not the first guy to tell the old guy commenting about chrome not making you more money story.
I'd like to know more about truck specs. I'm running a turned down Cummins with an allison trans in a pete as a company driver. I'm considering buying o/o. What setup should I be looking at for different terrain? I'll subscribe. No one talks about that.
Being an o/o your a business person, driving truck is just the side job, be ready to lose everything. Find a good mechanic, and a loan officer that knows you.
I’ve saved enough in less than a year to buy a good used truck. Now I’m just building funds for maintenance and expenses, including a generous down payment on a flatbed trailer.
The first thing you must do is take care of your equipment. If you don't have the skill to drive the truck correctly you will not make it as an owner operator. If you can't do part of the maintenance on the truck you won't make it as an owner operator. This is just the basic things. There is much more.
Im 52 yrs old been driving for 27 yrs. I always considered to be an owner op but always had second thought. I am a company driver so when the truck do breakdown i have no worry for any expenses just call road service an go in my bunk.
That's why I shove 20 cents a mile into my maintenence account faithfully, and take 1/3 of what my business receives as driver salary. All that extra money isn't really mine. It's already taken by the mechanics, insurance co, fuel stops and the government. I'm not gonna kid myself. But I love having no boss. Best thing ever.
@@Greg3070 sone folks aren't wired for the extra responsibility and stress. There's nothing wrong with that. BUT their earnings are capped and their employment is at the whim of others...others that collect most of the money that truck is bring in. The owner ops i know would never in a million years return to being company drivers. They are all successful in their endeavors.
I once read from a blog that before you become an O/O, you better have AT LEAST $50,000 in your bank account to cover lack of loads or maintenance, etc.
Hi, Just out nowhere this video showed up, and I watched it. If it helps, I have always respected Lorry drivers and I never thought they were looked down. We owe a lot deal to you AND your families, that have to go a lot of time without you. Keep up the good work! And just for the record, to me you guys are heroes
Thank you so very much I watched complete video lot of great information a lot of great knowledge and great experience do you data awesome job I/O you a special thanks because in few days I’m going into into work
Looking to buy a truck and be an o/o been driving for 3 years and if I’m gonna be riding hard might as well put that time and ambition into someone who will appreciate it the most at the end of the day… myself.
Is cost 300 dollars to do my taxes a year besides the actual taxes I have to pay I agree it’s so much easier and well documented for any time in the future nice neat paperwork and pdf files on hand
It’s called budgeting for expected expenses and amortization for new trucks. Buy new keep under warranty and trade out. Keep it moving. Or even lease if you only have one truck and you have a breakdown. Never sit idle. Run a smart well planned, budgeted company, and anyone can make it in the business.
3-5 yrs as a co driver before oo is best advice, I see ppl say they drove 3 months as co before thinking they know everything there is to know about trucking, I bet they don't last, I've asked a few that put up comments 3 or more years ago, asking if they still operating. None answered
Truck operator is the way to go my first year I made 700,000 -to me it was less stress and more money 💰-think about a truck operator as aMore money 💰 - all mileage you use file back on taxes, lease the truck 🛻 - don’t let no one discourage you Truck operator is the way -you call your shots and you get determine when you work and not Be your own boss!! Be a truck operator -Be your bosss-get that money !!!
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I met a successful O/O many years ago who gave me this valuable advice. To succeed do these 3 things: Keep your truck clean, keep yourself clean and show up everyday. To this day it amazes me how many will not do these 3 simple things. I'll be retiring soon and my truck has provided my family and I a wonderful life. Best wishes for all my fellow drivers and those that aspire to become O/O's
Why retire? I thought you would run at least part time to keep your sanity.
Sage advice
Yes, the only way to really grow is by taking responsibility for ourself. It is not about external things, it is not about cleaning outside, it is not about helping others even, it is always about ourself, about cleaning the inner world that will be unequivocally reflected on the outside as a by-product, that is, those that have been cleaned internally themselves from the inner disorder they will bring good things into the world: love and compassion, understanding and dedication in everything they do.
@@regab364936 Nothing to add to your comment. I love the eternal wisdom in your words. Yet I would humbly propose to say that we need not to rely upon our own strength and moral, but be coworkers with the Lord Jesus in perfecting our souls, hearts and minds. This strategy never fails. Blessings to you , guys.
@@vladimirzhirov3716 ❤️🙏
Very nice.I am owner operator since 2010.I put 1.5 million mile on my first freightliner 2006 columbia.Now finally I bought 2022 peterbilt 565 hp 18 speed all platinum interior and brand new utility thermoking reefer president. Hard work guys.It will payoff just stay alive and work hard.Your dream will come true.I am former USA Iraq veteran too.served my tour very happily. Love army and long haul trucking.This is my company. I Work under my authority. I do all my paperwork every single thing myself. I teach myself. I am my boss.i love my freedom. I earned it.
Congratulations Brother Shekhar. May GOD continue to Bless you and I wish you more continued success.
Thank you for your service. Many blessings and prosperity to you and your family.
The irony is, you’ll be lucky to get half the mileage from the 2022 Peterbilt as you did from the Columbia.
@@mr.butterworth but columbia give me very hard time.May be i dont have good luck.
Why Peterbuilt over Frieghtliner? Thank you!
Buying my truck was the best thing I ever did,been at for over 6 years. Just don't think I can go back to company trucks
no o/o can
100% agree. Great incentive for me to be disciplined with my money. It seems maintenance is the number one killer of owner ops. Prepare for the costs, or it's a short term ride.
Is it because u don't have a plan? U just live week to week. As a company driver
The thought never crosses mind. "Being a company driver again"
I been in the trucking industry for almost forty years. Eighteen of them as an owner operator. I am now just a company man again. I must say sir that you are spot on with your numbers. After owning three different trucks and specking them for what I was going to do with the truck, the mistake I made was that I should have specked the truck bigger for operations that arose unexpectedly. Good job on your explanations.
I need advice please
Being the owner of several trucks in Snowrunner and ETS-2, I must admit that this guy got some serious points for truck owners..🧐🧐
😅
can we get an F in the chat for that fleetstar that got eaten by the bog in Alaska.
I played that game so long
that's hilarious 😂 I'm playing mudrunner now 😂 😂
After 15 years as a company driver my impression of the trucking business is that the O/O's who are successful could have been successful starting a taco stand, yard service, convenience store or any small business, and the rest would go broke no matter what they did.
Well said. I’m almost 50. Been independent (own authority) since 1994. Debt free since 2000. Started my first DBA business at age 12. It hasn’t been all roses but have done pretty well. Despite this business basically getting much harder every year.
Exactly Gary. Cream will always rise to the top. No matter the situation.
THIS!
Well said.
Was looking for this comment lol
As a retired CPA and controller of a company with nine OTR trucks, your advice is solid. I would add that if you are a OO, you need to avoid unprofitable loads and unprofitable routes. What money are you going to make if you can't get backhauls out of a location. When we subcontracted loads, we could always tell the smart operators from those who had no clue. BTW, I would want US$30-50k in the bank, as it seems that Canadian expenses seem to be a lot higher.
Awesome video thank you. I just bought an ‘09 International day cab, with a 12 month 160,000km warranty. No payments first, years insurance paid up and $25,000 in my business account. Coming back to trucking after 15 years away. I am also 50 and I have recently recovered from prostate cancer, my kids are grown and I’m divorced, so this is for me.
Wishing you all the Best
You are definitely prepared. Good work! Wish you the best!
You'll do great!
I hope you bought a international with the Cummins engine? Not the max force. 😬😬
@@darrenhanson7696 , yes I bought one with an ISM410
Dude you are like the King of what young boys need to do out here as a trucker.
As an aspiring o/o, I needed this video. I just recently passed school for my CDL Class A. I’m going to be driving for a company within 2 weeks. My plan already was to be a company driver for 3-5 years. Learn the ropes, run different regions, gain the proper experience & save money. I’m looking to have at least $30k saved before making the transition. I say $30k because having that cushion is a blessing in the long run. The more cushion, the safer the fall in my eyes. Thank you for the video, I hope it reaches more & more viewers!!
Good luck bro
Well said
3 years is such a long time...get out in 6 months
Congratulations man. I'm gonna start school once I find a good one in Florida.
Bro that is exactly my plan got my cdl in January and been driving company will wait a couple years become o/o.
I got my CDL at 21, purchased my first truck at 22 it was a 2015 t680 had it for almost a year
I’m not a trucker but it’s apparent that he is sharing valuable knowledge and wisdom in trucking. Aspiring owner ops it’ll be wise to listen
Except buying a Volvo lol
Being OO is not for everyone some people rather be enslaved to someone els no guts and no brains I worked 1.5 years and bought my own and got my authority now I drive regional and home on the weekend and at least 3 evenings a week and make $5 k a week clean I would just say have some money for backup about 20k and get a truck with some warranty that way you're covered if a major breakdown happens but most of all go and do it work hard I don't like to work for any company
Independent owner op here with own authority since 1994. Biggest part is CPM. Cost Per Mile. How much it costs you every single mile. It’s basic math that nobody seems to figure out.
Agreed, any business, it is about the math.
My Dad knew Walter Pool of Poole Trucking Evergreen,Al. He wouldn’t take on an lease operator unless that driver knew his cost per mile! He said if they don’t know their cost how will they stay in business!
Exactly what I was thinking the entire video. Former operations manager at a service company. You can figure out rather accurately what your cost per mile is. Sounds like this is the same as any other business. Pay yourself the bare minimum for the first few years. Keep 40-50k minimum in an operations account. Whatever you would make working for someone else doing your same job, pay yourself less at first until you have accurate P&Ls figured out
I was a company driver my whole career. Made good money and never paid for tires trailer issues or breakdowns ! I hot lucky too have an awesome dispatcher. We worked great together, she looked out for me and vice versa!
They’re still making a lot off of you.
We would like to offer owner operators a gross from 11.000$ (solo) 14.000$ (team)
Dedicated lanes are avilable. 16% charge.All the services included
Who is interested?
Yes they make great money off co.drivers!
as an owner operator in the UK for the past 21 years i used to buy 5 -7 year old trucks and take 4-5 years work out of them, back 20 years ago there was no ad blue, dpf filters had less ecu's and sensors and i done most of my own maintenance, In the event of a gearbox or engine failure £2k reconditioned the gearbox and £5k reconditioned the engine. Twenty years on the dpf silencer on my truck costs £7k and an engine overhaul £20k, and the turbo has an ecu on it not to mention the endless warning lights and wiring loom problems.Today I contract hire a new truck for 5 years with repair and maintenance included in the price, yes it costs a lot of money but if you have steady work its the only way to go as nowadays a 2 or 3 year year old truck could put an owner drivers lights out if the truck gives a lot of hassle, the trucks today with all the electronics and emission controls don't last like the older trucks did and the repairs are extortionate compared to 10-20 years ago and the main dealerships in most cases are the only ones that have the proper diagnostic equipment to work on them. The technology of the new trucks today give the driver a more comfortable driving environment and the new auto gearbox's are superb and i wouldn't want to go back to the trucks that i owned 20 years ago,the only way forward is contract hire with full repair and maintenance included. Also as electric and hydrogen technology is going to be the future there's no way i would ever want to own one without a repair and maintenance contract.
Hi sir, am planning to buy my own truck in UK. How much you think I can make a month? Thanks
Wow thank you so much for sharing. Very insightful!
You got that right....chrome don't get you home. I love to hear drivers argue about what truck is the best. I say it every time "the best truck on the road is the most profitable truck on the road". This video is very informative and many should find it useful and insightful.
Walk away full maintenance lease then buy one !!!! Or if your like me and have more money then brains just go buy one plus i have a exscort service i run and when im off on the weekends i have the girls clean my truck !!!!!
This is by far the best UA-cam informational video on Trucking that I have found! We are brand new to the business and researching as much information as we can find! Just subscribed to your channel! THANK YOU SO MUCH FOR YOUR HELP! God bless!
Damm this sounds scary, but GOD doesn’t give you no more than what you can handle.
Yes. But the problem is most often this - is it , which is given to you , God’s plan or the result of your own decisions. Ask Him for wisdom (James 1:5-8).
Amen! If God leads you to it HE will provide you with the tools needed. Trust and believe in God! Also, always keep educating yourself!! There is ALWAYS things to learn!
True, but sometimes I wish He didn't trust me so much...
I am freshly retired after driving company trucks mostly company trucks for the last 20 years. However when I did drive for owners I always ran the truck paying attention to all the numbers as if it was mine. All the ups all the downs and where we ended at the end with them. I have to say. Lost my uncle has 55 years of driving himself as well as a small company where I've watched him and he does fantastic. Buddy I have to say your numbers are absolutely spot-on and your information is extremely valuable for these people. They do not understand the change in your life when you sign the dotted line! Great job great info. One thing my uncle always said he either run with one truck or 3 you never run with just two because otherwise one truck has to take care of the bills for two trucks when one truck breaks down if you have three trucks you have two trucks to try to cover the expenses. It makes life much easier food for thought just his opinion and I believe it to be true myself.
Fantastic video. I've been a truck driver for 7 years and an owner op for one of them and I can say this guy is bang on.
This is great, May God bless this man.
Great video I’m definitely starting small with a. Daycab. Just right now trying to see if I want to run the load board or find a company that offers dedicated
No way will I borrow for a truck. Absolutely not. If don't have at least $100,000 of my own money there's no way I will own a truck. I get $100,000 cash then we'll see.
Good video, it covers pretty much all of the bases. One thing that needs to be stressed, YOU ARE the warranty center. You better have the tools and diagnostics to work on these new EPA motors. Know what an EGR tuneup is, how to diagnose properly, etc. If you think a warranty is going to save your butt, you are being a fool, no, a damn fool. There are very few shops in this country, or Canada, that can properly diagnose and properly fix an EPA motor or emission system. Drill that into your head, do not buy that warranty, you are the warranty if you are going to keep the truck past 3 years. These emission trucks have a 500,000 mile cycle, not the 1 million miles of of the old iron. Why do you think you see all of those trucks for sale with 300,000 to 500,000 miles on them? Because they are slap wore out, that is why! Many will require an in frame the minute you drive them off the lot. Don't laugh, that is a true statement. You better know what the hell you are doing when you buy a used truck, and for God's sake, pick the appropriate gearing and transmission for what YOU intend to do with it! And stay away from these trucks with automatic and 2:20 rear ends, those trucks have been beaten to death being lugged around their entire life. Try and find a manual transmission with at least 3:42 gears or lower, 3:55 is ideal for most applications out here. Do your due diligence, don't be that guy.
Thanks Brian for sharing o/o guidelines n hastle that everyone should consider before make that move. I was planning on becoming O/O but I guess I will take a break here atleast till I have 20k in savings. You are right about first breakdown like how much it cud cost me and when.... So thx for that n stay safe
As an owner op, I couldn't make it past 7min 29sec mark. These guys are scaring people into being voluntary servants. Practice due diligence. Being an owner op isn't as complicated as this company makes it out to be. Fuck Lease/Purchase... NEVER fall for the Lease/Purchase Burmese Tiger Trap. You're better off refinancing your home to cover a "used truck" than to buy a new one. Pick a 2014-16 with less than 600k, it's rough, but they ARE out there... If looking for truck-load, shoot for around 500hp, if less than truck load, stick with 400-450 hp. Me personally, I'm LTL, 450 cummins with an eaton ultrashift 13, waaay more power and transmission than I need. Anything more than truck-load, like heavy haul, you'll certainly need 600hp or more with an Eaton 13 or 18 manual. Don't let this guy scare you into submission.
How you doing boss, I messaging you to see if you have a dispatcher for your business?
That's the most valuable information in this whole video. The old timers ! A world of knowledge!
I'm just starting out, scared as hell to even be a company driver but I'm taking the plunge. Maybe O/O is in the cards later but I've never even sat in a semi before, let alone driven one
Are you working for a company? Driving there trucks?
@@harrisn9783 what area? thinking of changing careers and being an O/O someday soon but might want to start as a company driver to make sure I will like it...
Great video! I'm new to the trucking industry and have been doing some research on O/Os. I've asked a couple of other UA-cam O/O's about their expense ratios, but neither one replied back. I was hoping that maybe you can shed some light on the low to high range expense ratio of an O/O in your experience and possibly with your friends that are O/Os as well??
Great speech sir, I'm from India and can i have your mail id please so we can talk.
Thank you for sharing your experience, knowledge & wisdom about the trucking industry.
I needed this! Love the honesty and hard truth! Gonna keep this in my prayers and really evaluate everything you mentioned. Thank you sir
Thanks for checking out the video Orlando!
Schedule maintenance for your equipment or your equipment will schedule it for you.
Wisdom of the road
Ive been o/o with my own authority for 8 years
And to all new drivers i 100% assure you those advices from this Gentleman are 100% correct
Thanks for your time Sir , This is an awesome video
Hi Lumus
Please share your linkdn or Facebook,I need to talk about o/o with their own MC as we are looking forward to start our dispatch company.
@@prathamchaudhary2536 sorry don’t need your services
@@lumusmaxhuni4532 I think you didn't get my message clearly man, I am not offering your services ,I just want to talk to o/o so that I can develop my services good for them as we are in incubation right now.
It will be very helpful if you share your insightful experience.
I have truck with 14 foot sleeper I save alot money on food and time not having to park with amenimenties. I turn down heavy loads which pay cheaper then lighter loads. I have older sries sixty Detroit no EGR or emissions crap. State of California is off limits for me. I don't have alot Chrome. I stay on I twenty. I carry a tool kit and carry belts hoses and spare brake parts. I do light mantance. More you can do yourself more you can save have grease gun I grease and check under truck everything every two thousand miles. I have six hundred gallons of fuel. This saves slot time and avoid pricy fuel. I buy low priced fuel at qt speedway and small fuel in east coast. The big truck stop have alot overhead compared the Little 7 11 three pump Operation I can leave Texas and go to i5 or i95 and get back without fueling.
Very informative video! Im in the early stages of putting things together to buy a truck and go on my own. It's a scary step, but a necessary stepI truly believe!
sum it all up. If your wheels aren't turning you are not making money. Its all in the TRUCK you buy
Great advice about seeing the country as a company driver, then when you start your owner-op business you'll have your vacations out of the way and make money by staying in your wheelhouse where the good money is and you can deal with people you know.
I've been in trucking only 15yrs!!! I'm a owner op for past 4yrs and this guy is giving some BASIC ASS COMMON sense keys..... nothing new here...
If you tell the truck dealership the DOT number of where you plan to lease to, you are exempt from sales tax. But all the rest is right on. 2 years so far, maintenance account is building well and profit is good.
In that state, but if you're like me and buy your truck out of state, go back to Florida, boom 5k in taxes.
I would rather buy a old truck and restore it for a fraction of a price of a new one
Who in Gods name would spend 200 large to have the government only allow your shop to open 11 hrs a day.
Buy into a Duncan Donut shop.
Not true, you can have a second driver if you want your business open more hours. Do you really want to drive more than 11 hours a day? I don't.
Mistake #1 buying a Volvo lol
I like to think of being an owner operator as being a starship captain, except your really the only person on the ship, so you have to cover the whole ship. Starfleet tells you where to drive, everything......everything else is up to you. If you didn't get the starfleet reference sorry not sorry.
Kirk has green space herpes😂
Not a popular opinion but MOST drivers are better off as company drivers. Get with a company with benefits, fund your 401k and at the end of your career you will have a nice retirement. The O/O mystic far outweigh the reality.
When you say $55,000 range for person buying their first truck, are you talking about a used truck that’s $55,000 or a new truck leased that’s going to end up costing $55,000 through the lease?
Point blank if you’re going to survive as an owner operator you better have some very good mechanical skills as well..
Where did you get an engine cost $40000?
The 1st truck I had were a 1996 International Eagle with a 60 series Detroit engine (OTR) rated.
With 150 gallon fuel tanks. I had just 6 months to pay it off doing a lease purchase;
The company dispatch, safety director, and the o/o company manager all ok me to haul a unsafe load.
I got it all recorded, drove 3 miles from the shipper and rolled over the truck. Once the company wouldn't reimburse me for my truck, because they received the insurance check but wanted to cut me out as a lose (so many drivers just walk away) I hired a attorney, once the company after
avoiding me for 2 months found out about the lawyer my truck were replaced, I received a settlement, and I had a better truck and had it played off in 6months.
2and truck were more expensive and more dependable and I drove th@ truck for 2 more years with low expanses. 😁🤑👍👏
Guys it's much more simple than he talks. Obvious thing to become an o/o is to find good reliable company, drive a truck and then buy this particular truck coz you know it. And if you're happy with the company, buy truck you drive and stick with the company you already know. Keep $40k budget for repairs and you will be a happy successful o/o. That's my way and it works perfectly.
And invest your money in the business you like. Don't buy the biggest house or most expensive car right away. Gather money and invest. O/o is the trampoline to better life. Living home and driving for the rest of your life. O/o is not an end point. It's a good start to quit trucking.
This guy is a trucker for life. You want to live on the road? No one wants.
This was incredibly helpful. I am trying to help my husband reach his trucking goals and this was informative to get my research started. Thank you for this! Excited to start this journey alongside my husband.
Fantastic video...
Fuel is your biggest expense, and then maintanence. Shops normally charge around $165 an hour, so it is best to have the proper tools and diagnostic equipment on hand, along with the ability to learn all of the systems on the truck and how to properly diagnose and repair. And I am not talking about brake jobs. I am speaking of emissions. If you cannot work on these systems, or at least diagnose on the roadside, you will be in a world of financial hurt in short order.
Than, you need to know how to drive the truck for fuel economy and motor longevity. Lug the motor, you will be out of business in short order when one of the liners drop. Drive 70+ mph, abusing the truck and motor, you will be out of business in short order.
Picking a truck, this is where everyone seems to screw up. They get the wrong rear end and transmission gearing for what they intend to use the truck for.
Delete, do not buy a truck with a delete, they are rarely if ever done properly and when they fail, it normally entails a complete rebuild of the motor.
Again, buy tools, diagnostics, learn how to maintain the tuck properly. Learn how to do EGR tuneups, service the truck every 10,000 to 18,000 miles as conditions dictate. The emission filters, the DOC/DPF/SCR systems, you need to be able to maintain these systems, and that may entail crawling under the truck and removing them yourself. Learn the sensors, how to properly clean an EGR valve, how to rebuild a fuel pump, the list goes on and on.
When you own an EPA truck, you are the warranty center, depend on a dealer for this work, you will be in the poor house in short order. I have been there and done that... I had to rebuild my motor twice, because the licensed Cummins shop botched the job by skipping several crucial steps. The motor lasted 70,000 miles and was shot, cylinder liner broke loose. I ended up doing the second rebuild at a friends house, in his driveway under a Home Depot picnic canopy.
This industry is not for the faint of heart or weak minded. If you think a dealer will maintain your truck with an expensive warranty, you are being a fool, a damn fool. You are the warranty station and ultimately the head mechanic if you want to survive out here. thank God I was able to pay cash for this truck, it has served me, drained my wallet twice to the tune of $80,000+, but if I would have followed my own advice on that first motor rebuild, I would have some bragging rights. I'm still digging out from that, and then Covid hit. If I had a payment on this truck, I would have been out of business in short order.
You can get a CDL and run as a team if you’re interested.
HI Ruby, I am in same bottle, my husband just got his truck last year and now we are learning. Are you helping him with he booking?
Wow 😯 the way you explained in the video is really good 👍 , Dow payments, APR , breakdowns , payments . Good information
very informative, thank you
Do you have recommendations for first time truck buyers? (Where is the best place to purchase a truck) thanks.
Thanks for your honesty.
Get your own loads!
Very informative video and very knowledgeable. Considering becoming a owner operator one day I’m glad I viewed this video first and now know how to better prepare myself.
I’m 27 right now saving up for a truck I have a 680 credit score 3 years exp looking to put down 10k on a truck wish me luck guys 🙏🏾
Leave a msg directly ⤴⤴◽ for proper guidance
He's a high strung jittering wreck. Who needs this stress?
Nay sayer just do it and work hard guys!!!
That was the problem you bought a Volvo
What’s wrong with Volvo? I was under the impression they were highly regarded due to their supposed shorter stopping distance and tighter turning radius.
You didn't mention insurance
Government the worst
Get payed
Government doesn't stick up for one truck it's civil matter
You walk in any store steel a stick a gum your going to jail
You don't get payed civil
Now the shall game they now the cop judge takes awhile
Government is against owner operator.
I retired as a company driver, nice pension and a fat 401k. O/Os do not work for themselves, they work for brokers. But not many GREAT companies to work for.
Have you owned a truck. My grandpa and uncle retired as millionaires. A lot of work. But they did it
@@daneblackburn613 Great for them, I always said, "I am not a truck driver, I drive a truck". Driving make me a great living (and retirement) but it did not consume my life. Slept in my own bed (with my wife) most nights and every Saturday and Sunday off. I was paid by the "run" and not by the hour. 30 hours driving was a long week for me.
We run day cabs. Your idea of working for a broker is terrible. Direct freight is the way to go
@@daneblackburn613 LOL, if you do not want a life.
Why are you leasing in to a company? Get your own authority!
One of the best Videos about trucking In US by the way im not even a trucker or willing to be but I love Love trucks and hearing the News and how you run ur businesses + i following alot of trackers and Also im not Even in USA or any around LOL xD
These are great tips, but how come Truckers got to tell the same stories. You are not the first guy to tell the old guy commenting about chrome not making you more money story.
I'd like to know more about truck specs. I'm running a turned down Cummins with an allison trans in a pete as a company driver. I'm considering buying o/o. What setup should I be looking at for different terrain? I'll subscribe. No one talks about that.
My semi truck is speced for offroad. It has 46 inch off road tires and I've lifted it about ten feet.
Being an o/o your a business person, driving truck is just the side job, be ready to lose everything. Find a good mechanic, and a loan officer that knows you.
Why are you buying a Volvo? I've heard your other video where you talk about not buying a truck with Omissions.
I've personally seen lease operators and owners operators go weeks without pay,because they didn't maintain a maintenance account.
Yeah you need $20k minimum. Even with a warranty you'd need about $8k out of pocket to cover a complete rebuild.
I’ve saved enough in less than a year to buy a good used truck. Now I’m just building funds for maintenance and expenses, including a generous down payment on a flatbed trailer.
The first thing you must do is take care of your equipment. If you don't have the skill to drive the truck correctly you will not make it as an owner operator. If you can't do part of the maintenance on the truck you won't make it as an owner operator. This is just the basic things. There is much more.
Im 52 yrs old been driving for 27 yrs.
I always considered to be an owner op
but always had second thought.
I am a company driver so when the truck do breakdown i have no worry for any expenses just call road service an go in my bunk.
I Know The Feeling 😀
That's why I shove 20 cents a mile into my maintenence account faithfully, and take 1/3 of what my business receives as driver salary. All that extra money isn't really mine. It's already taken by the mechanics, insurance co, fuel stops and the government. I'm not gonna kid myself. But I love having no boss. Best thing ever.
@@Greg3070 sone folks aren't wired for the extra responsibility and stress. There's nothing wrong with that. BUT their earnings are capped and their employment is at the whim of others...others that collect most of the money that truck is bring in. The owner ops i know would never in a million years return to being company drivers. They are all successful in their endeavors.
That's why u will never become what u want to become.
I once read from a blog that before you become an O/O, you better have AT LEAST $50,000 in your bank account to cover lack of loads or maintenance, etc.
y not go 5 years and pay extra for a 3 year pay off and not be commited to that big payment if u have problems one or 2 months
Your friend will buy a $15,000 coffin. We will buy a $4,000 one.
Thanks master, from boston ma. Good explanation 🙌
Hi,
Just out nowhere this video showed up, and I watched it.
If it helps, I have always respected Lorry drivers and I never thought they were looked down. We owe a lot deal to you AND your families, that have to go a lot of time without you.
Keep up the good work! And just for the record, to me you guys are heroes
Yes sir you right except people will tell you something about how to fixed or were problem coming from.
You buy the new truck for warranty if single an no kids. Find a silent partner with money.
Thank you so very much I watched complete video lot of great information a lot of great knowledge and great experience do you data awesome job I/O you a special thanks because in few days I’m going into into work
The way u explain trucking is excellent 👌
Looking to buy a truck and be an o/o been driving for 3 years and if I’m gonna be riding hard might as well put that time and ambition into someone who will appreciate it the most at the end of the day… myself.
Great advice not even one thumbs down yet and it's been a month you're doing something right.
Lol people actually go home as a company driver ?
this guy opens his eyes to many who will watch this video...
80s trucks that’s all for me KW Peterbilt freight shaker I love those those trucks it’s in my blood have mercy👍👍👍👍👍
I love it , thank you so much
Is cost 300 dollars to do my taxes a year besides the actual taxes I have to pay I agree it’s so much easier and well documented for any time in the future nice neat paperwork and pdf files on hand
A hardwood floor!? 🤣
So you don't have your own authority?
It’s called budgeting for expected expenses and amortization for new trucks. Buy new keep under warranty and trade out. Keep it moving. Or even lease if you only have one truck and you have a breakdown. Never sit idle. Run a smart well planned, budgeted company, and anyone can make it in the business.
3-5 yrs as a co driver before oo is best advice, I see ppl say they drove 3 months as co before thinking they know everything there is to know about trucking, I bet they don't last, I've asked a few that put up comments 3 or more years ago, asking if they still operating. None answered
I need my hub and lug nut covers. But that's about it. 😂
😭😭😭 he customized his truck first 😭😭😭😭😭😭😭😭😭
VERY INFORMATIVE . YOU R A GOOD MAN. AND U R RIGHT.
Truck operator is the way to go
my first year I made 700,000 -to me it was less stress and more money 💰-think about a truck operator as aMore money 💰 - all mileage you use file back on taxes, lease the truck 🛻 - don’t let no one discourage you
Truck operator is the way -you call your shots and you get determine when you work and not
Be your own boss!! Be a truck operator -Be your bosss-get that money !!!
Where do you get loads from?