Owner operator of a large box truck or straight truck possible?

Discussion in 'Expediter and Hot Shot Trucking Forum' started by teamgreen1, Oct 27, 2013.

  1. teamgreen1

    teamgreen1 Light Load Member

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    I have been researching getting into trucking quite a bit lately. I have a background in finance/trading and I currently own a landscaping business, which can make me about $30k/year if I am not involved with any labor. I want to get into trucking to supplement that to put me over 100k/year and save up for my business idea in finance, which I am currently unable to launch because of lack of capital.

    After researching this pretty intensely of late, Id like to drive on my own with a large box truck or a straight truck as an independent. I am more comfortable driving a shorter vehicle and Im willing to sacrifice some profitability in order to feel more secure. I am wondering if there are small loads that fit in these and how do you recognize them? I am thinking of going thru brokers and the websites in order to get routes and I intend on putting myself thru the school myself.
     
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  3. CaliforniaxCowboy

    CaliforniaxCowboy Light Load Member

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    Technically, you do not need a CDL or CDL schooling for most standard Box Trucks. Straight trucks over 26,000 pounds require a Class B, but because you've stated that you want to stay small it's unlikely you'll be driving a B truck. The problem with "Box Trucking" is that virtually anyone with a valid driver's license can do it. The level of competition is going to be extremely high, even higher than it already is for A and B trucking. Companies who contract with Hot Shots generally want to see at least a Class B w/ air brakes, but preferably a Class A, and some type of OTR experience. So even if you suck it up, go to school and pay for your license, you're not likely to get very far without OTR experience. This is an extremely competitive business, don't you think it'd be smart to go the proper route and learn about it first. I guarantee you that if you attend CDL school and put in six solid months of OTR, you'll have a much better shot at successfully navigating a hot shot business. But that's just my two pennies...
     
  4. teamgreen1

    teamgreen1 Light Load Member

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    Thanks cali, I may go that route. Are those situations available for straight truck driving? Im up for a 26' straight truck, which requires a b, i believe.
     
  5. Ridgeline

    Ridgeline Road Train Member

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    You want to supplement your revenue up to 100k a year?

    With a single truck?

    Reality is a bit different.

    You will need to do some competitve research and think hard about using brokers because there isn't enough good paying work out there to make it at the level you are talking about. It takes a lot of effort to build a reputation up and to learn how it works to make consistent revenue.
     
  6. rollin coal

    rollin coal Road Train Member

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    You don't have to "sacrifice profitability" to drive a smaller truck. Quit shooting yourself in the foot by thinking that way before you've even turned a key. I'm almost convinced I could probably turn better hub averages, burn less fuel, gross about the same with a straight than I am a big truck now and I do fairly well with a semi. If not the same at least come awfully close to it.
     
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  7. Oscar the KW

    Oscar the KW Going Tarpless

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    I agree, and depending on where the OP lives he could possibly do very well with a box truck doing expedited freight.
     
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  8. teamgreen1

    teamgreen1 Light Load Member

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    Thank you all, I live in New Jersey so something small may work well. I'm also looking into getting a pretty diesel cargo van and doing that. Ive driven to florida straight thru a few times from here, which is a 22 hour ride to where I go down there. (naples) So, I am assuming I could do 800 or 900 miles a day in a van, no problem. Ive seen some people saying vans are getting about $1/mile or so. Im not sure, but on that, it looks like Id have $700 or so left after gas on a trip I could do in a day. The good thing about a van for me is that I can use it for my landscaping business if things are not as robust as I would like, or , I could sell it fairly easily, I know.
     
  9. teamgreen1

    teamgreen1 Light Load Member

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    Tha's even better if I dont have to sacrifice profitability. I will catch on, but I am picking up quite clearly that it is better to have some leverage in this business. (ownership of vehicle) I would personally be very pissed off if some company was charging me an expensive lease then docking me for ridiculous repairs. I have a mechanic that does all my truck work for me and I do landscaping work for him, so i can get decent deals on that kinda stuff. Im smart enough to see that companies "paying" for your school are gonna get it back in other ways, and then some.

    As far as cargo vans go, I saw someone on this site or another say $1/mile was quoted to them for owning a van and driving for this particular company. If I drove 1k miles, Id have 1k minus about $200 for fuel (15mpg, 67 gallons approx). Thats a pretty decent margin. Probably have to get a hotel , but, still some decent profit there. If I am going to basically have no life for a year or more, I want to get compensated for it, at least.
     
  10. Oscar the KW

    Oscar the KW Going Tarpless

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    I think a $1 a mile for expedited stuff (even in a van) is selling yourself a little short.
     
  11. rollin coal

    rollin coal Road Train Member

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    $1 a mile is a going rate for cargo vans and it's ridiculous cheap no money in that at all. The problem with cargo vans there are just too many of them out here so you'll always be running for nothing in one. The startup costs are practically nothing and everyone and their brother thinks they can do it. The ones who pull $1.30 a mile or better in a cargo van are few and far between likely they are focused entirely on running that van, not concerned with other different business distractions. Straights or semi is where it's at but again you better specialize cause the competitive pressure is always there. Keep in mind that $1 a mile probably drops to 65-70 cpm if you're lucky with deadhead factored in.....
     
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