WATCH THIS BEFORE BECOMING AN OWNER OPERATOR (In-depth guide, leasing strategy, beginner pitfalls)

  Рет қаралды 601,585

ET Transport

ET Transport

Күн бұрын

There are many things a driver must know before deciding to become an owner-operator, as the business of trucking is very different from being a company driver. Success as an owner-operator is rewarding, yet difficult. 60-65% of drivers apparently fail within the first three years of becoming an owner-operator.
Our driver Brian is an experienced owner-operator who has built a successful career for himself. In this in-depth guide, he covers everything new owner-operators need to know to succeed in the business, as well as the common caveats and pitfalls of new owner-operators.
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Soundtrack:
Sun Dog - Tiger Gang
Pop Filter - Alternate Endings
By the Fireside - Tide Electric

Пікірлер: 932
@CTX50
@CTX50 3 жыл бұрын
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
@JTDyer21
@JTDyer21 3 жыл бұрын
Why retire? I thought you would run at least part time to keep your sanity.
@rayban5737
@rayban5737 3 жыл бұрын
Sage advice
@regab364936
@regab364936 3 жыл бұрын
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.
@vladimirzhirov3716
@vladimirzhirov3716 3 жыл бұрын
@@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.
@regab364936
@regab364936 2 жыл бұрын
@@vladimirzhirov3716 ❤️🙏
@shekharprabhakar4957
@shekharprabhakar4957 3 жыл бұрын
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.
@rubenmorales5830
@rubenmorales5830 3 жыл бұрын
Congratulations Brother Shekhar. May GOD continue to Bless you and I wish you more continued success.
@lynnjohnson9886
@lynnjohnson9886 3 жыл бұрын
Thank you for your service. Many blessings and prosperity to you and your family.
@mr.butterworth4216
@mr.butterworth4216 2 жыл бұрын
The irony is, you’ll be lucky to get half the mileage from the 2022 Peterbilt as you did from the Columbia.
@shekharprabhakar4957
@shekharprabhakar4957 2 жыл бұрын
@@mr.butterworth4216 but columbia give me very hard time.May be i dont have good luck.
@laszlohorvath8637
@laszlohorvath8637 2 жыл бұрын
Why Peterbuilt over Frieghtliner? Thank you!
@garypierce7380
@garypierce7380 3 жыл бұрын
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.
@bctw9004
@bctw9004 3 жыл бұрын
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.
@flh5959
@flh5959 3 жыл бұрын
Exactly Gary. Cream will always rise to the top. No matter the situation.
@longbaylandscapecompany2630
@longbaylandscapecompany2630 2 жыл бұрын
THIS!
@shekharprabhakar4957
@shekharprabhakar4957 2 жыл бұрын
Well said.
@skid3339
@skid3339 2 жыл бұрын
Was looking for this comment lol
@scottwren6106
@scottwren6106 3 жыл бұрын
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
@bobbysmith35962
@bobbysmith35962 3 жыл бұрын
no o/o can
@Greg3070
@Greg3070 3 жыл бұрын
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.
@craiglester4047
@craiglester4047 2 жыл бұрын
Is it because u don't have a plan? U just live week to week. As a company driver
@raworthyel3786
@raworthyel3786 2 жыл бұрын
The thought never crosses mind. "Being a company driver again"
@midhun-007
@midhun-007 3 жыл бұрын
Being the owner of several trucks in Snowrunner and ETS-2, I must admit that this guy got some serious points for truck owners..🧐🧐
@Skuttle87
@Skuttle87 2 жыл бұрын
😅
@690_5
@690_5 2 жыл бұрын
can we get an F in the chat for that fleetstar that got eaten by the bog in Alaska.
@UncGotBandsFr
@UncGotBandsFr 2 жыл бұрын
I played that game so long
@blackendheart
@blackendheart Жыл бұрын
that's hilarious 😂 I'm playing mudrunner now 😂 😂
@TheHappySmileyFace12
@TheHappySmileyFace12 2 жыл бұрын
I got my CDL at 21, purchased my first truck at 22 it was a 2015 t680 had it for almost a year
@darcyhiggs9292
@darcyhiggs9292 3 жыл бұрын
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 $25,000 in my business account. Coming back to trucking after 15 years away. I am also 50 and I have recently recovered from prostate cancer, my kids are grown and I’m divorced, so this is for me.
@basharalhasan4050
@basharalhasan4050 3 жыл бұрын
Wishing you all the Best
@philhartman6036
@philhartman6036 3 жыл бұрын
You are definitely prepared. Good work! Wish you the best!
@gustavoguidor156
@gustavoguidor156 3 жыл бұрын
You'll do great!
@darrenhanson7696
@darrenhanson7696 2 жыл бұрын
I hope you bought a international with the Cummins engine? Not the max force. 😬😬
@darcyhiggs9292
@darcyhiggs9292 2 жыл бұрын
@@darrenhanson7696 , yes I bought one with an ISM410
@stevenmchenry9276
@stevenmchenry9276 3 жыл бұрын
Dude you are like the King of what young boys need to do out here as a trucker.
@everettreed3207
@everettreed3207 3 жыл бұрын
I was a company driver my whole career. Made good money and never paid for tires trailer issues or breakdowns ! I hot lucky too have an awesome dispatcher. We worked great together, she looked out for me and vice versa!
@montedyoung3247
@montedyoung3247 3 жыл бұрын
They’re still making a lot off of you.
@nickalan8586
@nickalan8586 2 жыл бұрын
We would like to offer owner operators a gross from 11.000$ (solo) 14.000$ (team) Dedicated lanes are avilable. 16% charge.All the services included Who is interested?
@chucktoltzman6333
@chucktoltzman6333 3 жыл бұрын
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.
@certifiedrodgers
@certifiedrodgers Жыл бұрын
I need advice please
@jlawrence0181
@jlawrence0181 3 жыл бұрын
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.
@Tymothic
@Tymothic 2 жыл бұрын
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
@edwinramirez5850
@edwinramirez5850 2 жыл бұрын
Except buying a Volvo lol
@richbreimann9823
@richbreimann9823 3 жыл бұрын
Thank you for sharing your experience, knowledge & wisdom about the trucking industry.
@everettreed3207
@everettreed3207 3 жыл бұрын
That's the most valuable information in this whole video. The old timers ! A world of knowledge!
@tonyleake2563
@tonyleake2563 Жыл бұрын
I really have to say thank you, your experience and honesty means a lot to a guy looking to get started as a new owner operator, bless you brother!! Stay safe out there
@mikerod1864
@mikerod1864 3 жыл бұрын
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.
@Bidness100
@Bidness100 3 жыл бұрын
I Know The Feeling 😀
@Greg3070
@Greg3070 3 жыл бұрын
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.
@OgiJun
@OgiJun 3 жыл бұрын
@@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.
@bctw9004
@bctw9004 3 жыл бұрын
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.
@samhagins941
@samhagins941 3 жыл бұрын
Agreed, any business, it is about the math.
@carlwilliams1570
@carlwilliams1570 2 жыл бұрын
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!
@ryanjackson5461
@ryanjackson5461 2 жыл бұрын
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
@JohnSwan44
@JohnSwan44 3 жыл бұрын
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.
@TheAlchemistDavid
@TheAlchemistDavid 2 жыл бұрын
Life saving advice. I like you man. Your energy and analyses are just right. You’re appreciated. 💪🏾
@bonnieanderson429
@bonnieanderson429 3 жыл бұрын
This is by far the best KZbin 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!
@mizuno291
@mizuno291 2 жыл бұрын
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!
@davidle3615
@davidle3615 2 жыл бұрын
Thank you very much for the info and I truly appreciate your sincerity, Brian. I am in the process of getting my class A license to become an O/O in a few years. All my concerns have been addressed by your video and it helps me to be more prepared. Again, thanks for taking the time to share. You are a great man!
@Harley.6.0
@Harley.6.0 Жыл бұрын
Man im just a young gun myself who is super interested in trucking and plan to do it and i appreciate your seriousness and honesty in these videos makes it way easier to understand and plan for because nothin in this life comes free. Keep it up ET!
@darrelltinsley3384
@darrelltinsley3384 2 жыл бұрын
This is a great video! This dude really breaks it down. Thank you for taking the time bro.
@kc_stunna
@kc_stunna 2 жыл бұрын
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!!
@rondalejohnson2065
@rondalejohnson2065 2 жыл бұрын
Good luck bro
@Peckerwood420
@Peckerwood420 2 жыл бұрын
Well said
@hnaf6279
@hnaf6279 2 жыл бұрын
3 years is such a long time...get out in 6 months
@ninonicebx
@ninonicebx 2 жыл бұрын
Congratulations man. I'm gonna start school once I find a good one in Florida.
@dominant_male5605
@dominant_male5605 2 жыл бұрын
Bro that is exactly my plan got my cdl in January and been driving company will wait a couple years become o/o.
@DPG_LIVE
@DPG_LIVE 3 жыл бұрын
Great advice not even one thumbs down yet and it's been a month you're doing something right.
@mohamedlamineremli4566
@mohamedlamineremli4566 2 жыл бұрын
I just wanna appreciate everything you have mentioned I take your advice seriously and it’s always nice to hear, learn from an experience drivers out there. Again thank you and god bless.
@pdee1978able
@pdee1978able 3 жыл бұрын
Brother from a fellow trucker that was a great video thanks for educating new owner Operators
@shaniqueowens894
@shaniqueowens894 2 жыл бұрын
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.
@kronos01ful
@kronos01ful 3 жыл бұрын
Thanks for your honesty.
@4u236sme
@4u236sme 3 жыл бұрын
Thanks for your honesty and for being thorough
@chevasechols6327
@chevasechols6327 2 жыл бұрын
Thank you so much for the valuable info about becoming an Owner Opt. I now have a Blueprint on how to proceed further in my pursuit of becoming an Owner Opt.
@narinderpalsingh7974
@narinderpalsingh7974 3 жыл бұрын
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
@orlandowiebe9371
@orlandowiebe9371 3 жыл бұрын
I needed this! Love the honesty and hard truth! Gonna keep this in my prayers and really evaluate everything you mentioned. Thank you sir
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News 3 жыл бұрын
Thanks for checking out the video Orlando!
@victorchirchir6724
@victorchirchir6724 2 жыл бұрын
This couldn’t be explained any better. Fantastic content right here.
@CLNetworksMiami
@CLNetworksMiami Жыл бұрын
Thanks for taking the time to make this video and sharing such valuable tips and views. Very helpful! Very appreciated! Wish you well !
@jrwhitehurst5411
@jrwhitehurst5411 3 жыл бұрын
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.
@barnkieth3857
@barnkieth3857 3 жыл бұрын
The way u explain trucking is excellent 👌
@ShannanThomasTrucking
@ShannanThomasTrucking 2 жыл бұрын
Great exclamation of all the thinking points that we must consider before we go owner-operator
@4real775
@4real775 Жыл бұрын
THIS INFORMATION IS A GOLD MIND!! thank you sir! I've watch 10 times and taking notes 📝
@serj390
@serj390 3 жыл бұрын
this guy opens his eyes to many who will watch this video...
@sergeclaude20
@sergeclaude20 3 жыл бұрын
This is great, May God bless this man.
@radiuscollins1144
@radiuscollins1144 3 жыл бұрын
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
@mobileapp9056
@mobileapp9056 Жыл бұрын
Thank you brother, I’ve been thinking about making the transition to owner operator for a few years. Solid information.
@Aventuramt
@Aventuramt 2 жыл бұрын
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
@garypierce7380
@garypierce7380 3 жыл бұрын
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.
@manvinderjuttla3392
@manvinderjuttla3392 3 жыл бұрын
VERY INFORMATIVE . YOU R A GOOD MAN. AND U R RIGHT.
@Truckerstiles
@Truckerstiles 2 жыл бұрын
What a very informational video provided by Brian!! Thanks for all the awesome information.
@sammypooh9646
@sammypooh9646 Жыл бұрын
thank yall for making these videos your making me think and ask more questions before i dive to deep into being a owner operator. i will start with a company first.
@ChipVorhies
@ChipVorhies 2 жыл бұрын
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.
@jk6854
@jk6854 3 жыл бұрын
Great Info brother.
@1iota1420
@1iota1420 2 жыл бұрын
Learn something new each time I watch this, stopped counting, thanks for the vid & channel 👍
@estebanh971
@estebanh971 2 жыл бұрын
Thank you, I appreciate you taking the time to make this.
@tflores925
@tflores925 3 жыл бұрын
very informative, thank you
@kendrickmason2577
@kendrickmason2577 Жыл бұрын
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@marthajones1450
@marthajones1450 Жыл бұрын
Cryptocurrency is a cutting-edge technology that is revolutionizing the financial system, and investing now could be a great way to make substantial returns in the near future.
@lucagiovanni658
@lucagiovanni658 Жыл бұрын
Cryptocurrency has the potential to generate sizable returns, so investing now could be a great way to get ahead of the game and potentially reap the rewards
@julianmark8866
@julianmark8866 Жыл бұрын
Investing in cryptocurrencies offers the ability to achieve exponential returns with potentially low risk.
@frankmarston8417
@frankmarston8417 Жыл бұрын
I am interested in investing in the digital asset market, but I have no knowledge about it.
@luigielliot2799
@luigielliot2799 Жыл бұрын
I earned 7BTC with an investment of €20,000, thanks to Mrs. Jennifer Ferguson's strategy.
@darnellwoods5580
@darnellwoods5580 2 жыл бұрын
One of best teaching I've heard
@kronos01ful
@kronos01ful 3 жыл бұрын
Thank you ! Your advise is priceless.
@MyGraham1
@MyGraham1 3 жыл бұрын
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.
@abduljelilali568
@abduljelilali568 2 жыл бұрын
Hi sir, am planning to buy my own truck in UK. How much you think I can make a month? Thanks
@rubyloera4500
@rubyloera4500 2 жыл бұрын
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.
@michaelwright1602
@michaelwright1602 2 жыл бұрын
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.
@thisismagacountry1318
@thisismagacountry1318 2 жыл бұрын
You can get a CDL and run as a team if you’re interested.
@belemsantillan826
@belemsantillan826 2 жыл бұрын
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?
@miladrezaei2243
@miladrezaei2243 Жыл бұрын
the most honest, valuable, and verifiable video about owner operator
@tyronecraig630
@tyronecraig630 2 жыл бұрын
I highly appreciate your advice, information & insight over all thanks a lot 🙏🏽
@xviperx8318
@xviperx8318 3 жыл бұрын
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 KZbin 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??
@arisk.ramosbautista1283
@arisk.ramosbautista1283 3 жыл бұрын
Thanks master, from boston ma. Good explanation 🙌
@robertvondeusche6245
@robertvondeusche6245 Жыл бұрын
Thank you dearly for the information. You not only talk about what OO needs to know b it get into specific detail
@sixtusokpala4907
@sixtusokpala4907 4 күн бұрын
My best video ever on trucking … I now have confidence to take on the next big step ❤
@Mikasconstitution
@Mikasconstitution 3 жыл бұрын
I love it , thank you so much
@the.porter.productions
@the.porter.productions 3 жыл бұрын
You sure made some good points. There is a big difference between being a wheel turner and a truck driver/owner-operator. When you break down, and you know that you’re gonna use a garage to do the repairs, know what you can and will do on your own, but also work with someone you trust to do the repairs RIGHT and not take you to the bank! If you have a backup truck or plan, that’s important, too. I’ve never heard that a Volvo was a nicer truck, lasted longer, got better mileage , was more aerodynamic or worked better than any other. I’m glad it works for you and that’s the important thing. I’ve been in a couple of Volvos and just really didn’t care for them at all. Good stuff. Thanks for the info. Stay safe, my friend.
@georgex5130
@georgex5130 Жыл бұрын
Don't know how I came across your video? Not interested in trucking, but I can listen to you all day. Great video on for people getting into trucking.
@bloodrastablade1798
@bloodrastablade1798 3 жыл бұрын
Thank you, thank you, thank you.... I appreciate everything you shared. I'm having trouble knowing what I want to do.. but now I have a little clarity.. again thank you..
@basharalhasan4050
@basharalhasan4050 3 жыл бұрын
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
@TheBestMan77777
@TheBestMan77777 2 жыл бұрын
Very very good video. I’m one year in and about to buy my first truck. I do the dollar general and thank God I’m young, fit, and focused. I’m going to do well, but I also truly hear what you’ve said in the video and not afraid to ask questions and research. Thank you for the advice, it’s been received. ✌️
@Revan_the3rd
@Revan_the3rd 2 жыл бұрын
Thank you so much for all the information. I found this video very enlightening. I’ve watched one of your other videos in which you said “chrome don’t get you home” I’ll try to keep that in mind. Thanks again drive safe.
@JohnnyScumbagg
@JohnnyScumbagg Жыл бұрын
I don’t drive trucks or have much interest in it but got recommended this video and found this fascinating. Thanks for the info
@Pimptorious69
@Pimptorious69 3 жыл бұрын
These videos are so great. So much information. I've been thinking about going OO. After fuel and all the BS drivers here take home $1.00/mile. Then pay truck payment, wage, maintenance. Seems pretty tight.
@jaredjames1989
@jaredjames1989 2 жыл бұрын
One of my instructors in cdl school has five to ten drivers and trucks. He says he doesn't accept anything that doesn't work out to $2/Mile
@lumusmaxhuni4532
@lumusmaxhuni4532 3 жыл бұрын
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
@prathamchaudhary2536
@prathamchaudhary2536 2 жыл бұрын
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.
@lumusmaxhuni4532
@lumusmaxhuni4532 2 жыл бұрын
@@prathamchaudhary2536 sorry don’t need your services
@prathamchaudhary2536
@prathamchaudhary2536 2 жыл бұрын
@@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.
@dalp6657
@dalp6657 2 жыл бұрын
Thank you Sir. Very well explained and no lies. God bless you and your family.
@glorymakerloyalty89
@glorymakerloyalty89 2 жыл бұрын
You did very well man. I leaned so much after ending your video so thank you so much for doing this videos to help people who think about become owners. Thanks
@dustinmn5265
@dustinmn5265 3 жыл бұрын
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.
@sexmachine95
@sexmachine95 2 жыл бұрын
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. 😁🤑👍👏
@realmccoy405
@realmccoy405 2 жыл бұрын
I thank you so much for your videos and the knowledge that you are sharing. I'm coming back to truck driving and so need all you are teaching. The men and women I've come cross being on the road has been so great and I hope to see you out there.
@yooooooootube
@yooooooootube Жыл бұрын
Spot on information a must watch for first time owner operators.
@ikaiatransportservices6710
@ikaiatransportservices6710 3 жыл бұрын
I really appreciated your insights, experience and knowledge 👌
@jamesseegmiller235
@jamesseegmiller235 3 жыл бұрын
I can honestly say that I really doubt that that’s going to be your last truck. My father said he same thing and even quit and got a good job in heavy equipment operator and he still got another truck and went back on the road. It’s my belief that it gets in your blood and you end up doing it till can’t no more anyway good luck and happy trails
@clerissonmesquita
@clerissonmesquita 2 жыл бұрын
Thank you so much for your invaluable information, highly appreciate it, keep it up the outstanding job, have a great day.
@jjayrogers1995
@jjayrogers1995 Жыл бұрын
Thank you for keeping it real, you helped me realize that I need to be patient
@rafaelalvarez4846
@rafaelalvarez4846 3 жыл бұрын
God bless you sir. No everyone tell this, they just tell financial changes.
@jeremysmith3348
@jeremysmith3348 3 жыл бұрын
Very informative video . I’ve been driving 16 years and decided to become a owner operator. Terrified doesn’t describe how I’m feeling . I pick up the truck in a couple days with the 2 year red oval warranty so a little insurance.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News 3 жыл бұрын
Best of luck Jeremy! You can do it!
@Greg3070
@Greg3070 3 жыл бұрын
Keep a good maintenance account and consider that money already owed. I put 20 cents a mile in mine. Otherwise, you're gonna wanna cry when you get that $3000 bill your weren't expecting.
@augustineramospodcast5021
@augustineramospodcast5021 3 жыл бұрын
Very insightful thank you. I hear tons of students at my trucking school saying they wana be owner operator, they talk about it like it's cake.
@sethsc77
@sethsc77 2 жыл бұрын
Thank you for sharing your experience and knowledge!
@michaelwright1602
@michaelwright1602 2 жыл бұрын
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.
@GM_YYC
@GM_YYC 3 жыл бұрын
Very informative and....Canadian :-) Thank you
@nathanaelsamuel2055
@nathanaelsamuel2055 2 жыл бұрын
Hay man thanks for the great advice. Greatly appreciated 🔥
@fernandocontreras9228
@fernandocontreras9228 Жыл бұрын
A business mentality avoids chrome and nice stuff in the truck. Great video. I'm starting this year I hope. Reading basic business books & trucking business books help a ton.
@BUCURPOPA
@BUCURPOPA 3 жыл бұрын
Thanks! Very insightful.
@rickyd.r2288
@rickyd.r2288 3 жыл бұрын
I never common on KZbin But this guy is amazing God-bless you Sir
@BalwinderSinghDeol
@BalwinderSinghDeol 3 жыл бұрын
Thank you for sharing such a valuable experience.. truly appreciate it🙏🙏
@mayday2312
@mayday2312 Жыл бұрын
I appreciate your honesty about your record with the truck and why it's just not a good deal to use equipment not designed for certain workl. Learning from your mistakes
@DanielGarcia-zz9eg
@DanielGarcia-zz9eg 3 жыл бұрын
. Its always great to have a mechanic take a look at your rig every now and then. Where I'm lease on, they require a 90 day inspection. I tell you this, they have saved me thousands and avoid roadside break down. They performed level 1 inspection. They been able to catch things that I missed. If possible, find a good mechanic that can help keep your rig going. I believe that's what most owner operator lack. 1 year inspection doesn't help. Most of them just run till it breaks. Gotta do those PM
@josephlewis5614
@josephlewis5614 2 жыл бұрын
Schneider?
@christianschauderna4411
@christianschauderna4411 2 жыл бұрын
Respect man, these are exactly my words. I just had bad luck on my private side that puts me in a situation with my company which caused 5 months with no cash flow. This results in bankruptcy after 7 yrs of being a o/o. Like you said 50k!!!!!!! The engine went with 1.4 mio km. All said
@bigzachful
@bigzachful Жыл бұрын
Damb so your wngine blew and then you didn't have work for 5 months..?
@jimmy20249
@jimmy20249 3 жыл бұрын
Your experience is fantastic,teaching is superb.An asset class persnoality.I enjoy your talk on et and subscribed.wish you bright future.
@justetv0505
@justetv0505 Жыл бұрын
Man!!! What a great video!!!! Thank you for your time!!!!
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