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Tips to Buy Your First Truck as an Owner Operator
Entering the world of owner-operators in the trucking industry can be both exciting and challenging. Choosing the right truck is a critical decision that will significantly impact your success and profitability. In this comprehensive guide, we provide essential factors to consider when buying your first truck, ensuring that you make the best choice for your needs and budget. Buying a semi truck for business As an owner-operator in the trucking industry, your foremost goal should be to identify and invest in a truck that perfectly complements...
What to Avoid Doing When Leasing Your Truck as an Owner Operator
As an owner-operator in the trucking industry, finding a reputable company to lease on to is crucial for your success. Unfortunately, there are numerous scams and fraudulent practices that prey on owner-operators, making it essential to recognize common scam strategies and learn how to avoid them. In this article, we'll discuss some of the most prevalent scams and provide tips on how to protect yourself when choosing a company to lease on to. False Advertising and Misrepresentation Scam Strategy Companies might misrepresent their benefits,...
How to choose the right owner-operator company to lease on to
As an experienced professional in the transportation and logistics industry, I understand the importance of finding the right company to lease onto. Choosing the right company can make all the difference in the success and profitability of your business. Today we'll uncover all the ins and outs of choosing the best company to lease a truck to. How to find a company to lease on to as an owner-operator Owner-operators don’t necessarily need to do it all by themselves - they can operate under their own authority, but they also have the option to...
How to cut down your truck maintenance costs
I used to lose up to 32% of my money a year on truck maintenance, that’s a lot of money as you can imagine. My truck was old, I was never doing any preventative maintenance, and I was neglecting a lot of stuff anyways. Why all of this is important? Because you’re losing money the same way as I was losing money. Truck maintenance costs can take a significant chunk out of your profits as an owner-operator, especially if you're neglecting regular preventive maintenance. In this article, we'll explore the importance of preventive maintenance...
How to survive and thrive during a bad market as an Owner-Operator
I have recently stumbled upon this on Facebook: When somebody wants something from you they will tell you what you want to hear. One thing I always tell new owner operators no matter what they want to hear is this: When the market is good you should stay out there to make enough money to put aside for rainy days When the market is bad you should still be out there making enough money to pay bills and day-to-day expenses and keep the rainy days' fund for when shit will really hit the fan aka major breakdowns. Have you ever heard someone say...
5 biggest lies about being an owner-operator
Being on the other side of the business as an owner-operator seems easier and more convenient when it comes to the numbers in your bank account. Truth be told, since the stigmatization of being a company driver started, more 0and more lies about being an owner-operator were born. Working as an owner-operator is not a job to be done by anyone – the industry focus is directed towards how much money you can make putting in less effort than a company driver and because of that less attention is being paid to the complexity of an owner-operator...
Exploring the Ins and Outs of spot and contract market
Even if shippers took the wheel and are driving the rates down, it's up to motor carriers to navigate the best route to profitability. Choosing the right market for your business can be confusing in this economy, but regardless of your choice, protecting your relationship with shippers and maintaining a stable volume is also becoming crucial. In these conditions how do you know in what market to operate? Understanding the contract market The contract market in trucking refers to that type of arrangement where a shipper and a carrier enter...
Guide: How to become a Motor Carrier
Setting up your own trucking company is a step forward within the industry, and there are many crucial elements to consider in your quest to become a motor carrier. According to a survey conducted by Statista, 87% of freight shippers considered reliability one of the most important factors when choosing a motor carrier in the United States. In order to become a reliable motor carrier and develop prosperity, you should build a business roadmap considering the following aspects: Get started with your FMCSA registration First and foremost,...
9 practical tips every owner-operator should know
Almost every truck driver, whether they are experienced or new, has fantasized about driving their own big rig and hitting the road to make the big bucks. We put together a list of 9 owner-operator tips for you to consider, should you desire to achieve those goals. Everybody wants the independence, liberty, and profits, that come with being an owner-operator, but before becoming an owner-operator and entering into the realm of financial freedom, there are a lot of things to think about and take into consideration: Owner-Operator Tip #1. Don’t...
How to find loads as an owner-operator: 3 different ways
As an owner-operator, it is crucial to be knowledgeable about how and where to find your loads. The success of your business is based on how many loads you get to transport. It is necessary to take advantage of the right methods and tools that are available in the trucking industry. There are no specific rules that should be applied when it comes to finding loads. It is important for owner-operators to find loads through a variety of sources. Focus on finding the ones that suit your business the most and keep your truck moving and your cash...
Choosing the right business structure for motor carriers
When it comes to setting up a motor carrier business, one of the most important decisions you'll make is choosing the right business structure. The decision between opening a Limited Liability Company (LLC) or another type of entity, such as a sole proprietorship, partnership, or corporation, can significantly impact your business's success. This article will explore the advantages and disadvantages of an LLC compared to other entities to help you make an informed decision. Limited Liability An LLC, or Limited Liability Company, is a popular...
How to obtain your Commercial Driver’s License: Everything you need to know in 2023
Obtaining your Commercial Driver’s License After evaluating your situation, your next step in order to become an owner-operator is to obtain your commercial driver’s license - or, in short, CDL. While getting a standard license is a fairly easy thing to do, it takes a lot more effort to obtain a CDL. There are several requirements to earn a CDL, but for most states, the steps are the following: > be at least 21 years old; > get a driver’s license; > get your CDL permit; > take a CDL training program and; > pass a road...
How to become an owner-operator with own authority: all you need to know
At some point in most truckers’ lives, they’ve thought about hitting the road as an independent services owner-operator. Becoming an independent owner-operator can be a great career. Essentially, as a truck owner-operator, you are not only creating your own business, but you are your own employee as well. However, if you’re considering becoming an owner-operator, there are several details that need to be weighed in before you make a final decision. Like in every career choice, there are pros and cons. You need to look at all the angles...
Become a millionaire as an Owner-Operator: 10 practical steps
Being only a driver isn’t satisfying enough and you think of yourself as a businessman as well, able to put in the work needed to take things one step further. You’re also willing to put in the work needed to become a successful business person and, ultimately, a millionaire.
Owner Operator vs Company Driver: How to choose?
Owner Operator or Company Driver, which is a better option for you? This is a dilemma as old as the trucking industry is, and so there is a time when absolutely every trucker asks the question: What to choose as a career path: buying your first truck and becoming an owner-operator or continuing working as a company driver? In the past 10 years, I’ve been in the industry, I met people from both sides and I can tell you this: there were happy people on each side of the truck. Let me ask you a question: What is best, Coca-Cola or Pepsi? Both...
Tips to Buy Your First Truck as an Owner Operator
Entering the world of owner-operators in the trucking industry can be both exciting and...
What to Avoid Doing When Leasing Your Truck as an Owner Operator
As an owner-operator in the trucking industry, finding a reputable company to lease on to is...
How to choose the right owner-operator company to lease on to
As an experienced professional in the transportation and logistics industry, I understand the...
How to cut down your truck maintenance costs
I used to lose up to 32% of my money a year on truck maintenance, that’s a lot of money as you can...
How to survive and thrive during a bad market as an Owner-Operator
I have recently stumbled upon this on Facebook: When somebody wants something from you they will...
5 biggest lies about being an owner-operator
Being on the other side of the business as an owner-operator seems easier and more convenient when...
Exploring the Ins and Outs of spot and contract market
Even if shippers took the wheel and are driving the rates down, it's up to motor carriers to...
Guide: How to become a Motor Carrier
Setting up your own trucking company is a step forward within the industry, and there are many...
9 practical tips every owner-operator should know
Almost every truck driver, whether they are experienced or new, has fantasized about driving their...
How to find loads as an owner-operator: 3 different ways
As an owner-operator, it is crucial to be knowledgeable about how and where to find your loads....
Choosing the right business structure for motor carriers
When it comes to setting up a motor carrier business, one of the most important decisions you'll...
How to obtain your Commercial Driver’s License: Everything you need to know in 2023
Obtaining your Commercial Driver’s License After evaluating your situation, your next step...
How to become an owner-operator with own authority: all you need to know
At some point in most truckers’ lives, they’ve thought about hitting the road as an independent...
Become a millionaire as an Owner-Operator: 10 practical steps
Being only a driver isn’t satisfying enough and you think of yourself as a businessman as well, able to put in the work needed to take things one step further. You’re also willing to put in the work needed to become a successful business person and, ultimately, a millionaire.
Owner Operator vs Company Driver: How to choose?
Owner Operator or Company Driver, which is a better option for you? This is a dilemma as old as...