Great info for folks Tim. Glad you are doing good. Not only are you making close to the same for less miles those less miles are saving you costs in maintenance, fuel etc. Thanks for sharing & be safe :)
Tim sounds like a win-win-win for you and the truck. Made about the same money, ran less miles, less fuel burned, less wear and tear on the truck and you were home quite a bit. I like that it's totally awesome, good stuff.
First off it's good to see you got over the cold and feeling better. It's good to see a good hard working guy being successful. You nailed it on risk. I have been seeing wreck after wreck in the snow and ice. Was very happy to get a run to California. Best wishes for continued success and safe travels my friend.
Enjoy watching your videos, very informative. I am older and just beginning my new career driving so you are a big help in learning the O/O end of the business which is my ultimate plan. Thanks again
Another excellent video. Good to see you are doing well and you are just starting out under your own authority! As you have said it will get even better! Stay south; stay warm n dry; stay healthy n safe.
This guy as did I had this trucking thing down. I ran my own for 28 years. Did damn good. I'm now retired at 54 and I've been retired for at least 6 years. I tried driving for a company running to Fresno from Irwindale, starting from San Bernardino. But making that legal on log books was getting impossible with a truck governed at 54.6 and being in traffic coming home and even backwards out of Hanford waiting 5 and 6 hours to load and unload. This all being done in a day cab Peterbilt.
Good info and you have an excellent computer program to track expenses. Just keep track of those 1099's that come in at the end of the year-Jan next year. The IRS is always your business partner!
Sir Tim !! Being new to been an independent operator,,can understand the difficulty in presenting this video !! Rambling is OK in my book !!!! Keep the videos coming as very interesting to serious new drivers !!! KEEP IT SAFE !!!!
Hello love the videos. I’m leased to Landstar for 21 yrs and thinking about getting my own authority. I also have a 15 peterbilt same color as yours and I live in Cleveland Tn to the hospital. I will keep watching
I’m curious as to what your comparison numbers would be now since you have a lot more time under your own authority since this video. Thanks for the videos!
Isn't that always the way though? Bust our butts off till February scrape by then march come plowing in bringing more work then we know what to do with. Happens every year glad to hear you are doing better running under your own authority. Hell if your a hobbyist trucker lol I'm a Recreational driver anyway stay safe out there.
I've been thinking about going full on independent. I'm waiting til my truck is paid off to generate some capital to start my own authority. It will be paid off at the end of this year so I'm thinking by fall of next year, I'll give it a shot.
A much better quality of life. The difference is brain power also which not everyone has to bring to the table. So not every trucker is able to accomplish what you have this past January.
FYI to anyone thinking about making the leap . . .The insurance companies have a covenant with carriers which governs how long an owner-operator needs to be established before they can haul loads. Commercial truck insurance these days, for a number of reasons, is costly, and if you are new, for underwriting purposes, because when starting out, a new company doesn't have a three year history, you are considered risky, and premiums are based on units of exposure or risk. Insurance costs will vary from state to state because insurance companies are licensed by individual states, and some insurance companies do not want to compete in every state.
Tim, being able to operate and waiting on that check to come in can drive one to drink. An absolute on having funds in the bank to carry over. We've been doing without for about 3 weeks. We are leased to a company, who primarily, hauls construction equipment for the railroad. It's been pretty slow this quarter, so, no freight to haul on a consistent level. I pull a Landoll and transport 40' and 20' containers all over the West. Since it's been slow, I loaned myself to our Van Division. So, my point is, as a leased owner operator, PATIENCE is paramount and that funding sitting in the bank is a lifesaver. You mentioned all of your insurances only totaling and extra $400. That is only about a $0.04 increase in expense against a $0.50 increase in revenue. Good Job!
Own authority looks like a no brainer. I think the rates need to be better overall in general. If you own truck AND trailer. Should be making 1.85+/per mile without authority, and should be getting another .25/per mile for your own authority. Wonder if the rates will ever get better or not.
A factoring company has saved me more than once. My truck was vandalized and totaled a few years back and I went from 12k to 1k waiting for the insurance check. Unfortunately I gave away 20k that year to the factoring company at 5%.
Hey tim How much would you say is enough capital to have opening something like yourself to carry you through the wait process of the 30 days If your truck is paid off and your Insurance is paid off for the whole year
Right on .. Good Vid... ( Running your own Authority is Rough for a while ) ... Hang in there.. We've always shot for FINDING your own Customers! You'll get paid Faster, treated better, and RUN direct. A cheap ass Broker will make you broker! Avoid the noid... as they say! A good broker is like a good dispatcher - It's a business relationship and together YOU BOTH can make $$$.
Sir Tim!! With CBS report on shortage of 90'000 drivers by the of 2018,,you wont have any problems getting loads at higher freight rates as I stated in earlier comments !! Good Running !! KEEP IT SAFE !!!!
While you are correct in your statement, Higher shipping costs will harm the economy in the long run. Inflation and higher costs to consumers will hurt our bottom lines both personally and the US economy.
Hotrod Hog !!!! Yepper,,with the shortage of drivers,,the "ol USA is gona hurt badly as goods aren't gona get delivered on time to stop the assembly lines from shutting down and the food shelves from going empty !!! Every time you go to the stores,,look at the shelves as some will be empty!!! As the Politicians say ""Toughen Up ,,Things ain't gona get better over night """ KEEP IT SAFE !!!!!
Hi Tim, question: would you recommend a new O/O such as myself to lease on with Landstar first, to get the hang of self dispatching, before taking the leap into own authority? I bought my dad's rig a year ago and have been leased on to a small mom and pop flatbed outfit. In that year I have learned a lot about being an O/O and have also paid my truck off, now I feel like moving forward with my career.
Good morning sir I have a quick question I have enough money saved up to get my own authority, was thinking about leasing on to a company like landstar but due to my driving record unfortunately they wouldn’t accept me. Besides a high insurance rate. Will I run into obstacles not so much as getting my own authority but pulling for carriers under my authority due to my driving record?
Are you doing a lot more paperwork now (compared to last year)? Are you taking on greater risk/liability under your own authority? This is interesting. Thanks for the video!
fumedrummer the answer is yes to all your questions, but I’m sure you knew that already, I’m not the only carrier in the world, I bet your working for a carrier, look at what they have, they didn’t get sitting in a rocking chair.
I'm not begrudging your choice to go it alone. You think it's worth it and more power to you for doing so! I've never been in a truck... I push buttons on a computer for a living... I am totally impressed with the way that professional drivers like yourself can handle the rigs. Especially backing into the little stalls at every depot you visit. I am also the guy that bought all the lighting for my band and I really like how you are tricking out your ride. Good luck, sir! I enjoy your channel.
I hope you keep on winning in the trucking industry on your own. It's tough but it can be done. People just need to watch what they are doing. Not run out & spend all that money they are making. Got to be conservative cause there is always that rainy day. Don't ever forget Murphy's law cause it's always lurking in the shadows. Hopefully in todays trucking world there's not a lot of those crooked brokers that would try to beat you out of your money. Just keep your eyes on them. Best of luck to you.
Eddie Hubbard lots of truth in all that, but let’s stay positive and upbeat here, I got this, the worst thing that can happen is going broke, I’ve been there a few times.
Tim I have a question about Fuel Surcharge. Is that paid upfront? Also, is it meant to cover the entire fuel cost of that run or only a %? Tim, what trucking software do you use?
Great video and info. I know i recently asked this question in another video but would it be safe to say its possible to average 5k a week before expenses? Be safe out there!
Love it brother 👍🏻. I'm going to play with our brand new W900L. That X15 seems very nice so far. It's an extended day cab truck, 500hp 10 speed. I'll probably upload a video about it this week, check it out if you have a chance. 😀
Hey man im about to go to school with alliance trucking . they the only company that accepted me but I was wondering if you think that they a good company to get with . they the only one that took me in so I was wondering if you knew anything about alliance . im starting school on monday febuary. 19th . I pray that I can get through this and get my CDL because im tired of construction work
Life is Good. Right on brotha ! i talked with one of the guys from alliance and he says that the boss and all the trainers are christian guys so I can relate to that considering that im a messianic jew . but thanks for the respond and god bless you brotha
This is how I do trucking.I learned how to fix my own truck fast.From changing my own clutch,turbo,egr valve etc.In other words major stuffs.In doing this simple strategy,you will make money in trucking fast.Of course this is easy said than done because everybody is different.But me,I love fixing stuffs.I was able to put $50,000 in my savings account.Every time I go to a Wal-Mart I feel I'm the richest person in there.LOL.
This is how I do trucking.I learned how to fix my own truck fast.From changing my own clutch,turbo,egr valve etc.In other words major stuffs.In doing this simple strategy,you will make money in trucking fast.Of course this is easy said than done because everybody is different.But me,I love fixing stuffs.I was able to put $50,000 in my savings account.Every time I go to a Wal-Mart I feel I'm the richest person in there.LOL.
Great info for folks Tim. Glad you are doing good. Not only are you making close to the same for less miles those less miles are saving you costs in maintenance, fuel etc. Thanks for sharing & be safe :)
TheCraftyTrucker 600 miles radius is all you need
Tim sounds like a win-win-win for you and the truck. Made about the same money, ran less miles, less fuel burned, less wear and tear on the truck and you were home quite a bit. I like that it's totally awesome, good stuff.
First off it's good to see you got over the cold and feeling better. It's good to see a good hard working guy being successful. You nailed it on risk. I have been seeing wreck after wreck in the snow and ice. Was very happy to get a run to California. Best wishes for continued success and safe travels my friend.
Macon Miles thank you and enjoy beautiful California
I sure do appreciate you sharing the ins and outs of your business. Real info, real time. Thanks!
Thank you Sir, for the info. Also for taking time to explain Milestones meet along the way.
Keep the content coming.
Enjoy watching your videos, very informative. I am older and just beginning my new career driving so you are a big help in learning the O/O end of the business which is my ultimate plan. Thanks again
Congratulations on your numbers sir Tim. May you and your family continue to enjoy favor from providence. 😊
Really enjoy your take on things. Just ran across you so will be going back a tad to watch your previous posts. Keep 'em comin'. Thanks.
Congrats on your first month mr tim hope every thing keeps going well sir!!
Another excellent video. Good to see you are doing well and you are just starting out under your own authority! As you have said it will get even better! Stay south; stay warm n dry; stay healthy n safe.
sipzter Thank you
Great video Tim, that is impressive when you work for yourself versus a carrier
This guy as did I had this trucking thing down. I ran my own for 28 years. Did damn good. I'm now retired at 54 and I've been retired for at least 6 years. I tried driving for a company running to Fresno from Irwindale, starting from San Bernardino. But making that legal on log books was getting impossible with a truck governed at 54.6 and being in traffic coming home and even backwards out of Hanford waiting 5 and 6 hours to load and unload. This all being done in a day cab Peterbilt.
Thank you for the videos. Looks like your doing very well!
Good info and you have an excellent computer program to track expenses. Just keep track of those 1099's that come in at the end of the year-Jan next year. The IRS is always your business partner!
Nice rig! Have to say I’m just a little envious 😁
you make Great videos Tim keep up the great work have a good night be safe.
2fast65 Thank you
Awesome information thank you for taking the time to share. What is the software you use to track your fingers?
Sir Tim !! Being new to been an independent operator,,can understand the difficulty in presenting this video !! Rambling is OK in my book !!!! Keep the videos coming as very interesting to serious new drivers !!! KEEP IT SAFE !!!!
Hello love the videos. I’m leased to Landstar for 21 yrs and thinking about getting my own authority. I also have a 15 peterbilt same color as yours and I live in Cleveland Tn to the hospital. I will keep watching
Kevin Rutherford is doing an O/O course coming up on the 12th of this month! Only does this once a year.
Hi Tim, noticed that the second load in 2017 had no $ assigned to it, That might be throwing your numbers off.
Good man I really enjoy watching your videos keep it up man
Like your videos. On the road and face time. Good combination.
DomManInT1 thank you for watching
I’m curious as to what your comparison numbers would be now since you have a lot more time under your own authority since this video. Thanks for the videos!
Glad working your own authority is working out for you.
Isn't that always the way though? Bust our butts off till February scrape by then march come plowing in bringing more work then we know what to do with. Happens every year glad to hear you are doing better running under your own authority. Hell if your a hobbyist trucker lol I'm a Recreational driver anyway stay safe out there.
Great info. Appreciate your videos.
I've been thinking about going full on independent. I'm waiting til my truck is paid off to generate some capital to start my own authority. It will be paid off at the end of this year so I'm thinking by fall of next year, I'll give it a shot.
Anthony Taylor I wish you the best, main thing is having the capital to survive.
A much better quality of life. The difference is brain power also which not everyone has to bring to the table. So not every trucker is able to accomplish what you have this past January.
Frederic Koning true enough, thanks
Got to have deep pockets to go trailer trucking.I tried it when fuel was high and had a 24,000 fuel bill before I got my first check.
FYI to anyone thinking about making the leap . . .The insurance companies have a covenant with carriers which governs how long an owner-operator needs to be established before they can haul loads.
Commercial truck insurance these days, for a number of reasons, is costly, and if you are new, for underwriting purposes, because when starting out, a new company doesn't have a three year history, you are considered risky, and premiums are based on units of exposure or risk.
Insurance costs will vary from state to state because insurance companies are licensed by individual states, and some insurance companies do not want to compete in every state.
Thanks for all the great information. If you make back to So Cal look me up,,, dinner is on me.
Tim...what I used to call it before retiring was working smarter....not harder.
Tim, being able to operate and waiting on that check to come in can drive one to drink. An absolute on having funds in the bank to carry over. We've been doing without for about 3 weeks. We are leased to a company, who primarily, hauls construction equipment for the railroad. It's been pretty slow this quarter, so, no freight to haul on a consistent level. I pull a Landoll and transport 40' and 20' containers all over the West. Since it's been slow, I loaned myself to our Van Division. So, my point is, as a leased owner operator, PATIENCE is paramount and that funding sitting in the bank is a lifesaver. You mentioned all of your insurances only totaling and extra $400. That is only about a $0.04 increase in expense against a $0.50 increase in revenue. Good Job!
Mike Dreeszen hopefully things start looking up for you soon, we are all on the edge of going broke in trucking.
What kind of dash cameras do you use in your truck?
Own authority looks like a no brainer. I think the rates need to be better overall in general. If you own truck AND trailer. Should be making 1.85+/per mile without authority, and should be getting another .25/per mile for your own authority. Wonder if the rates will ever get better or not.
How do you become an approved carrier with Landstar I am currently a Landstar BCO
you make great videos. thank you
aaron bulkley 👍
A factoring company has saved me more than once. My truck was vandalized and totaled a few years back and I went from 12k to 1k waiting for the insurance check. Unfortunately I gave away 20k that year to the factoring company at 5%.
Great info, work smarter not harder.
Hey tim How much would you say is enough capital to have opening something like yourself to carry you through the wait process of the 30 days If your truck is paid off and your Insurance is paid off for the whole year
So how much are bringing home a month clear,? that's the bottom line Mr, it's a tough bizz I don't care what anybody says..
Real good deal 👍. What computer program are you using to track your expenses?
Right on .. Good Vid... ( Running your own Authority is Rough for a while ) ... Hang in there..
We've always shot for FINDING your own Customers! You'll get paid Faster, treated better, and RUN direct.
A cheap ass Broker will make you broker! Avoid the noid... as they say!
A good broker is like a good dispatcher - It's a business relationship and together YOU BOTH can make $$$.
Sir Tim!! With CBS report on shortage of 90'000 drivers by the of 2018,,you wont have any problems getting loads at higher freight rates as I stated in earlier comments !! Good Running !! KEEP IT SAFE !!!!
While you are correct in your statement, Higher shipping costs will harm the economy in the long run. Inflation and higher costs to consumers will hurt our bottom lines both personally and the US economy.
Hotrod Hog !!!! Yepper,,with the shortage of drivers,,the "ol USA is gona hurt badly as goods aren't gona get delivered on time to stop the assembly lines from shutting down and the food shelves from going empty !!! Every time you go to the stores,,look at the shelves as some will be empty!!! As the Politicians say ""Toughen Up ,,Things ain't gona get better over night """ KEEP IT SAFE !!!!!
Hi Tim, question: would you recommend a new O/O such as myself to lease on with Landstar first, to get the hang of self dispatching, before taking the leap into own authority? I bought my dad's rig a year ago and have been leased on to a small mom and pop flatbed outfit. In that year I have learned a lot about being an O/O and have also paid my truck off, now I feel like moving forward with my career.
Excellent information,Tim. Glad you now can afford to go for Quality, not Quantity. Leave the 'turn and burn' to the kids.
kbschooner brady that’s right, currently trying to rebuild from December and January, but picking and choosing my runs carefully.
Good morning sir I have a quick question I have enough money saved up to get my own authority, was thinking about leasing on to a company like landstar but due to my driving record unfortunately they wouldn’t accept me. Besides a high insurance rate. Will I run into obstacles not so much as getting my own authority but pulling for carriers under my authority due to my driving record?
Awesome stuff man!
MJusten7657 Thank you
Thank you Heavyduty!!
Are you doing a lot more paperwork now (compared to last year)? Are you taking on greater risk/liability under your own authority? This is interesting. Thanks for the video!
fumedrummer the answer is yes to all your questions, but I’m sure you knew that already, I’m not the only carrier in the world, I bet your working for a carrier, look at what they have, they didn’t get sitting in a rocking chair.
I'm not begrudging your choice to go it alone. You think it's worth it and more power to you for doing so! I've never been in a truck... I push buttons on a computer for a living... I am totally impressed with the way that professional drivers like yourself can handle the rigs. Especially backing into the little stalls at every depot you visit. I am also the guy that bought all the lighting for my band and I really like how you are tricking out your ride. Good luck, sir! I enjoy your channel.
Man if I had a house that nice I’d have a hard time leaving for the road.
I hope you keep on winning in the trucking industry on your own. It's tough but it can be done. People just need to watch what they are doing. Not run out & spend all that money they are making. Got to be conservative cause there is always that rainy day. Don't ever forget Murphy's law cause it's always lurking in the shadows. Hopefully in todays trucking world there's not a lot of those crooked brokers that would try to beat you out of your money. Just keep your eyes on them. Best of luck to you.
Eddie Hubbard lots of truth in all that, but let’s stay positive and upbeat here, I got this, the worst thing that can happen is going broke, I’ve been there a few times.
Been there too. Keep on a truckin.
BTW I wasn't trying to be negative. Didn't mean to sound that way. Sometimes I am not real good with my words & they come out wrong.
Talking good facts brother
How much warranty did you get on that cummins motor?
Do u do refer
You probably do better in January than you think cuz you weren't hauling on January 1st when was your first load in January
I think like you with my money just wish I knew about the trucking business.
Good stuff sir...
Tim I have a question about Fuel Surcharge. Is that paid upfront? Also, is it meant to cover the entire fuel cost of that run or only a %? Tim, what trucking software do you use?
Sam O I do not get fuel surcharge under my own authority, that’s something a carrier passes on to you at 100% i get 100% of everything now.
What program are you using at the end of the video?
Great videos a former o/o my self , do you still carry hazmat and how much more is that insurance?
Bob Soetaert no hazmat requires a 5 million dollar coverage, my one million dollar with 100k cargo is 15k a year by itself.
Im learning a lot from you sir but i think i better put back more than ten grand for starters im soaking this all up my credit is great
Are you still able to take advances to run the loads for fuel and such still like when you were lease to your previous carrier?
Mo B my NASTC Fuel card works like a credit card, no advance is needed
Great video and info. I know i recently asked this question in another video but would it be safe to say its possible to average 5k a week before expenses? Be safe out there!
If your getting 2$ a mile, can you drive 2500 miles in a week?? 2500mi should be about 1300 in fuel a week!
Love it brother 👍🏻. I'm going to play with our brand new W900L. That X15 seems very nice so far. It's an extended day cab truck, 500hp 10 speed. I'll probably upload a video about it this week, check it out if you have a chance. 😀
Hey man im about to go to school with alliance trucking . they the only company that accepted me but I was wondering if you think that they a good company to get with . they the only one that took me in so I was wondering if you knew anything about alliance . im starting school on monday febuary. 19th . I pray that I can get through this and get my CDL because im tired of construction work
santana jackson don’t know anything about them, but if that’s the only one that would take you, I would say your off to a good start.
Life is Good. Right on brotha ! i talked with one of the guys from alliance and he says that the boss and all the trainers are christian guys so I can relate to that considering that im a messianic jew . but thanks for the respond and god bless you brotha
You guys need to learn how to trade stock market , waiting 30 days with these kind of expenses
Keep Trucking smart. Not worth going north for the pay. Big Chance of wrecking, along with all the salt and what it will do to both truck and trailer.
Pete k correct!
This is how I do trucking.I learned how to fix my own truck fast.From changing my own clutch,turbo,egr valve etc.In other words major stuffs.In doing this simple strategy,you will make money in trucking fast.Of course this is easy said than done because everybody is different.But me,I love fixing stuffs.I was able to put $50,000 in my savings account.Every time I go to a Wal-Mart I feel I'm the richest person in there.LOL.
What is a carrier packet?
2290=$550
Has the ELOG Mandate affected your profit potential?
easytopleez33 no I’ve been running legal for years, E logs didn’t change the hours of service
This is how I do trucking.I learned how to fix my own truck fast.From changing my own clutch,turbo,egr valve etc.In other words major stuffs.In doing this simple strategy,you will make money in trucking fast.Of course this is easy said than done because everybody is different.But me,I love fixing stuffs.I was able to put $50,000 in my savings account.Every time I go to a Wal-Mart I feel I'm the richest person in there.LOL.