GETTING YOUR TRUCKING AUTHORITY - Lesson Learned & Insurnace Cost Revealed
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- Опубликовано: 2 фев 2022
- GETTING YOUR TRUCKING AUTHORITY - Lesson Learned & Insurnace Cost Revealed
#truckingauthority #owneroperatortrucking #insurancecost
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More trucking authority videos here 👉 bit.ly/3gG7ZA2
Hey hey guys, 🚛🇺🇸👍
It always kind of left a bad taste in my mouth how when you sign up for your MC number all of a sudden you get a bunch of scammers trying to call you I think it's crazy how we are just trying to do a job put a life together and because we're trying to do that people try to scam us,I hate that. Great video man good to see you guys stepping up in the world.
Thank you Greg!
Thanks for sharing your knowledge and expertise. God bless you.
You are welcome!
Good show looking good thanks for the info.good luck with everything. Dave
Thank you Dave.
@@truckingandfixing did I sound too pessimistic? Sorry that's a big job. I'm old what do I know?
I do have hazmat and tank abd been running hazmat for 9yrs and the same hazmat ur talking bout. I've been looking to b an owner operator in next 2yrs hopefully sooner so I know what to do bout the hazmat and been trucking for almost 25yrs
I know the heart aches and the good times and bad times Ryan. Maybe one day we will meet.
Absolutely. 👍
Yeah I just setup my clearinghouse for free in like 10mins. You have to go into your fmcsa portal and elect yourself to do it though.
yep, you can do many things yourself. it is easy.
Hey Ryan. Huge fan! Ive been watching your journey for quite some time. Im about to get my llc, found a truck, unfortunately ints in new york. Would you be will to travel to do a pre purchase inspection? If so, id love to connect. Thanks for all of the entertainment. I love the mechanic videos. Theyve helped to expand my knowledge and curiousity. Ty bud!
Hi Chris, thanks for your support. I do travel to do inspections. Please contact us when you are ready. 😊
@@truckingandfixing I’m in Charlotte. I think I will contact you as well. Going to take your advice and wait it out. Continue working as company drive until next year then revisit.
Wow, DOT/MC is up to $600 now, eh? Didn't expect that jump! Was $300 not long ago. But your insurance rate is excellent! I wish it was that low for me my first year. I have perfect record as well but based out of NJ basically doubled the rate you could get. Good luck with your new venture!
DOT number is still free MC is $300
@@itzrobertho ah so it's still $300/authority type. He just lumped them together bc he applied for broker + carrier. Gotcha!
One thing I would love about having my own authority, is having full control over the lanes I choose to run and the schedule/days im willing to run. In a perfect world, I would only want to run Mon-Thurs and keep Fri,Sat,Sun off every week. And still net no less than $2,300/wk after overhead and tax deductions
Yeah that does sound good dont it... but it's not a perfect world so that won't be happening.
Landstar gave you the freedom to choose your own load and own schedule as well. Of course, you get a small procentage as of 100% when you have your own authority, as long as your insurnace and other fixed cost are not too high.
@@truckingandfixing yea I was thinking if I ever get the opportunity to be an owner op ill probably start off leasing on to a company that only takes 10% of gross revenue until I feel ready to take on all the extra cost of having my own authority
What stop owner operators from getting their own authority?
What attorney did you use to remove speeding ticket?
For trucking insurance do they run your psp
Hi Ryan. New sub here. I enjoy your videos and I have a question. What is the advantage of being a carrier/broker, as opposed to just a carrier? As a carrier only, can't you deal with direct shippers also? So is being a broker advantageous just because you can use other carriers?
I believe you have to have a broker in the middle for carrier and customer (shipper). We would like to have our own customers, that is why we pursued broker authority as well.
@@truckingandfixing being a carrier and broker keeps you out of Cali? Because of the abs law, if I remember right, I think it’s called the abs law. My abs light is on my dash so I hope I’m not confusing the two
Hey Ryan love your videos! Learning a lot.
Looking to get my LLC and DOT in AZ. Wanted to get this before I went out and bought a semi, but a buddy told me I had to get a truck first because I need to have insurance on that DOT # if not I can get an inactive DOT. Help?!
You can get dot without a semi. You can find someone who has a CDL and a semi to get your insurance.
@@truckingandfixing I already have my CDL. Had it for 3 years now! Thanks!
Any chance of a video on installing a PTO?
Don’t have an exact job coming up, but will keep in mind. Once opportunity comes up, will certainly make a video about it! Thanks for the suggestion.
Thats crazy good number for insurance, who is you insurance broker..?
QRF from louisiana.
Can you give the steps to actually get the authority package?
Yes, I will put something together to share!
Out of all theses things you were talking about is any of theses things to do just a one time fee
Serenity bond..😂😂
Sorry, for some reason, I thought there is a "n" .😅
I called progressive about 2 weeks ago, got a pretty decent quote, an outside insurance broker just got back to me with a progressive quote and it was thousands higher than the one I obtained from progressive so I called them back and the first quote I got, tge agent left out some coverages, just letting you know because I'm in the same boat as you, trying to find insurance for new authority, if you find a company your going with please let us know, thanks! Oh the quote from progressive was 19k for the year, 10 year old cdl and squeaky clean driving record and a 25k dollar truck...
I will keep you posted in case I get into the same situation as you. $19k is kinda high.
@@truckingandfixing well after calling progressive for the 3rd time to see why the quote jumped so much, im going to start out hauling power only, for that I only need trailer interchange insurance, not non owned trailer coverage, the non owned trailer coverage is what added almost 1k a month in price, so my quote is back down to 922 a month, not bad at all
Thanks for the update.
It's only $300 per filing for Authority unless you file for both then it's $600 but they're only $300 per.
the way they worded when I checked out, make it sounds like that you have to pay another $600 if I filed seperately. Thanks for correcting me!
@@truckingandfixing yeah I barely caught that when I was reading it too. Just so you know they're going to deny your ifta and irp app. because your Authority isn't active yet, but as soon as you go active in 21 days from date of filing Authority the ifta and irp app automatically goes through you won't have to do it over again.
Which insurance agent you working with
QRF in Louisiana.
Hi how much you charge for a replace a clutch in a Peterbilt 579 with paccar mx 13 Eaton transmission with 10 speed
10-12 hours of labor plus parts
@@truckingandfixing ok fine how much is labor per hour ,do you have another webpage for contact?
This is our service website www.foxtruckandtractor.com/
@@truckingandfixing thank you ,I'll let you know ,will be around June or July I'll be in contact I'm from Tennessee
It is official. Every youtuber I followed to come over to Landstar has left landstar. 3 total including Ryan. After just over a year there I see why. It is a stepping stone, nothing more. Thank you for this info. I will be needing it soon
I wouldn’t use that as a reason to not come here. You make it how you want it to be. You can hustle and grind here and gross 14k a week here, but you better be on par with old alerts. This is in 5 days running dry van and off on weekends. I’ve had 14k weeks many times here at Landstar. I’m in TN
@Devin20852 is there a way to be home every day with landstar ? And how much can you gross in TN a week if u were to be home every night?
@@alejandrovelez8840 there are local lanes here contingent on your location in TN. you just have to find them. I personally don’t run day runs, I usually do 3-5 days on and 2-4 days off, which that fluctuates weekly.
@@Devin20852 some people use leasing on as a stepping stone. That’s pretty much what I’m doing. I get tired of hearing folks say “hey come to Mercer” or “hey come to jones” or “hey come to landstar”. To an extent they are all more or less the same. I got my own authority and im glad I did. One less person to answer to and I have way more freedom. Now dot and insurance and customers are my boss
So all these fee’s is that one time a year or just one time fee
Hey Terry..the BOC-3 and MC Authority fees are one time. If you eventually decide to add a new type of authority after you already have one, that's the only way you'd have to pay a fee for that again. Also, avg boc-3 fee without OOIDA is $35. UCR is an annual fee (~$70 if you only have 1 or 2 trucks). Various items in driver qualification file are annual (Clearinghouse query, driver records check, etc) but if you pay more than $100/yr on these, it's too much. Insurance you'll need constantly obviously. Depending on provider, agent, or your financial ability, you may pay insurance monthly, quarterly, or annually. Most states, you'll have to basically file and pay a small fee annually to renew whatever business form you have (if not a sole proprietor)...hope these help!
Very helpful
Just a heads up - your title is spelled wrong - fix that and you will probably get more hits :D
You sure have a lot of irons in the fire.
As it gets more crowded in the USA, 2 million illegals last year, likely close to the same in legal immigrants, plus reproduction, making a buck or living is going to get more aggressive because it is more difficult. So many people in this country now it cannot be managed, supplied, etc.. Laws cannot be enforced. In Virginia, the “lawmakers” propose about 2000 new laws or changes each year to existing laws. Likely close to 1000 are put into law. Really, nobody can sustain that. It’s insanity. First thing is we need to stop all immigration to let all the support, supply, and infrastructure catch up. But that is the last thing “they” will do. It’s all about the cabbage in this country.
I agree with you 💯 We need to stop all immigration into this country
By the way, how was that good old days? That you guys missing so much? Just trying to imagine what it was like? 🤔
Don't worry they won't take your doctors job.🤣
@@redjeb5833- Since I am over 65, I have the Medicare “fraud card” in my pocket. Doctors just love it because they can rip-off Medicare to no end. You should know that Medicare fraud keeps the America healthcare in business to a large extent. Medicare is to big to police. So, I do not have to worry about a doctor. 😂 But, maybe you do?
@@thesearcherman6652??ok
Do you know how you can run out of topics for new videos to make. Just before every video put the word new and then the year and then after every video put the year and then the word Update.
Example:
NEW 2021 Owner operators income Landstar UPDATE
NEW 2022 Owner operators income Landstar UPDATE
And then so many people will go back and forth your videos to do stuff, to see stuff and compare.
Thanks for sharing the tip! We have so many topics to talk about in this business. 😉So we don't really need to reuse the old videos.