Which way to go???

nobread

Seasoned Expediter
42 yr old male 6 k to his name, ready to ditch this house and go on the road full time. Never been in the biz but used to work in racing so i know about being gone. Not married no kids, just ready to make some money. Hell if the truck has a potty and shower i never need to come back. Wondered if i should look for a o/o to drive for or become one???

Thanks for your time.
 

xiggi

Veteran Expediter
Owner/Operator
Drive for an o/o at least six months before making a decision. Keep reading here and GET A CONTRACT with the truck owner.
 

cheri1122

Veteran Expediter
Driver
Nobread, you may know about being gone, but if you want to drive anything bigger than a cargo van, it's what you don't know [see the CSA threads] that'll sink you.
And if you want to drive a cargo van, driving for an owner won't make much money - which may be ok with you, some folks don't need much money.
But Xiggi is right: read as much as you can here, esp the Newbies, before you decide if it's something you really want to do.
 

ChrisGa23

Expert Expediter
If I was you I would put 5k in a savings account and let it draw a few bucks then drive for a owner 6 mon-1 year then once you gain your experience buy you a nice truck or van.
 

nobread

Seasoned Expediter
I have a class b but could get an a??? I do not worry about being out there the least little bit, Just ready to make money!!!
But thank you for all your support here.:)
 

cheri1122

Veteran Expediter
Driver
I have a class b but could get an a??? I do not worry about being out there the least little bit, Just ready to make money!!!
But thank you for all your support here.:)

As Greg would say: red flags, here.
First: unless you want to drive t/t, upgrading to a Class A isn't necessary.
Second: if you're not the least little bit worried about jumping into driving OTR [and we do drive OTR - my current load is San Antonio, Tx to Indianapolis] then you've left some details out, [like experience and/or knowledge] or you're totally unprepared, and that's scary, ok? For you and those of us who share the roads.
Third: Wanting to make money is normal, and admirable, as long as you don't cut corners, especially in the preparation stage - please take the time to educate yourself on what you need to know, have, and do first.
We've all seen a lot of failure, here's hoping you're not joining them - good luck. :)
 

nobread

Seasoned Expediter
So i have done what you asked and done a ton of reading, sure
seems like a high turn over rate in this industry. And i can see why.
Not everyone wants to be gone, i get that. My thoughts were (and albeit i am new) that if you put your nose to the grind stone and get the miles in???? Life would be good?
 

ATeam

Senior Member
Retired Expediter
One of the reasons Diane and I have done very well in the expediting business is that we fully prepared for it before we got in and fully committed to it after. You are talking about doing the same as a solo operator. If you follow through, that can give you huge advantages over others who are not fully prepared and committed.

If your motivation to make a lot of money is real (you feel the burn and want to build meaningful wealth), and if you are patient and disciplined, it can happen. The motivation will keep you focused on that goal, get you out of bed in the morning and affect in a positive way the dozens of little decisions you make every day about how you will spend the next block of time and what you will do with the money you receive in each paycheck. The more clear your money goal is and the more focused you stay on it, the more likely it is that you will achieve what you set out to do.

Now, having said that, let me also say that getting into the expediting business as a solo driver may not be the best way to begin.

On the positive side, you have something going for you in your ability to stay out on the road for long periods of time. If you have just $6,000 to your name, I assume you own few things. Living a property-free life can be a big plus when you live and work on the road. It reduces your expenses and eliminates the need to return home all the time to take care of your stuff.

On the negative side, you also lack experience and a Class A license. For a solo driver, a Class A license can be an especially important asset that opens opportunities that would not be otherwise available.

Also on the negative side is your small financial cushion.

Before you even think about getting into a truck of any kind, you need to search your soul and examine the circumstances and habits that produced the financial situation you are now in.

How did it come to be that you are essentially broke at age 46?

Was it a poor work ethic that kept your income low? Was it the inability to play well with others that kept you jumping from job to job? Was it the lack of self control that prompted you to spend every dime you ever made on whatever tempted you in the moment? Was it an injury or health issue that kept your revenue low? Was it a desire to be loved by others that prompted you to give your money to them? Did you make yourself vulnurable to people who stold your money or cheated you out of it? Was it low self esteem that prompted you to spend money on whatever felt good at the time to make the pain go away? Are you a motor head that never saw a cool car or shiny object you didn't like? Was it one or more divorces that cleaned you out? Is there child support to pay and you keep your income low so as to not pay it? Does a drink in a glass look better to you than cash in your hand? Did you once fancy yourself as a smart deal maker but learn the hard way that others are smarter? Are you a sports enthusiast who loves the rush of the game (or race) more than anything else and will spend every dime you have and most of your free time to keep the rush going (Go Packers!)?

There are a hundreds, and perhaps thousands of reasons people find themselves in mid life with no money. If you are getting ready to make a career change and set a serious financial goal, it is absolutely essential to also figure out why you have no money now. If you do not figure this out, and if you do not change the circumstances and behavior that led to your present financial situation, it is almost certain that you will be in the same situation five years from now.

Once you figure this part out, look again at the opportunities the trucking industry offers, not just in expediting but in company driver positions too. There are opportunities out there that can help you get your Class A license and keep you running well in a company truck while you learn the road, learn more about being self employed at a later date and build your savings.
 
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nobread

Seasoned Expediter
Man i am so pumped you replied, hell phil your one of the reasons i want to get in this biz. (love your stuff) Ok punch list from your questions. At 42 why only 6 k to my name? Lets go for a walk shall we. I had a very successful retail store a restaurant and cnc shop. And life was good up until i got burned for 250k (bummer)
So looking back was i a bad business man? no but foolish to let an account get that far out. Learned the hard way if you will.
Do i think getting in this biz with so little is bad????? Heck i started the others with allot less??? But i wish i did have more capitol at my disposal yes. Nope no ex wife nor kids and for the record only 42 (dont want you to age me to soon) No shiny cars none of that. I have a fierce work ethic, i no when i go head to head with anyone i win. So i still believe in this industry and do believe the money is there for those willing to really grind. And yes there is a end game if you will and that is peace of mind and financial independence.

Thanks for stopping by phil.
 

greg334

Veteran Expediter
Dude,
I hate to burst your phil bubble but there is a lot more to this than what is being said.

I would offer some advice, it may be helpful to listen to someone like you;

The first thing I will caution you about is the idea of peace of mind and financial independence. These two things don't always happen even to a well 'prepared' person.

The second thing is preparation has to include why you want to do this - throw out the idea that it is to see the country or anything like that. If you are doing this because you want to actually make a change in your life, than it is a good start but then the next step is to make sure you have all your financial bases covered and seriously look at other options too, like working locally.

The third thing is that I recommend getting a class A and have for a long long time, I think Phil read a few of my comments about this and finally came around. It is about being adaptable which gives you more opportunities in the long run. The real purpose for the class A is also so you are not trapped in a straight truck but also can drive anything else, from a pickup hauling oil rig stuff to a 53 foot trailer. BUT seeing you have a class B, start with that and maybe plan on an upgrade.

As a solo, I do well. There is some difficulty with it but overall it all depends on the company you sign on with and how you leverage knowledge you gain during that always present learning curve. I can say no, did to a few runs today, like Michigan to Texas at $2.15 a mile. I'm committed to dedicated work so that sounds good but it isn't important as my commitment

What to drive is a question that matters to a lot but I think it depends on what shape you are in. Truly a lot of people love the van when they are like me - FAT but got to tell you they don't always know when to say "I need sleep" and because of that one reason, I went to a truck. I am forced to take 10 hours out and sleep, it has helped a lot but now with a bad knee and an occasional trip to NYC, I have to think about changing.
 

TeamCaffee

Administrator
Staff member
Owner/Operator
All above are good points but I would caution against getting the class A unless going into a T/T.
If you have to go to school to get the class A the money will be wasted if you do not use it. It is my understanding that if you do not drive T/T in two years you will have to go to school once again to qualify for most carriers.

I do not see anything wrong with wanting to see the country. That is a great side benefit to what we do and one that I enjoy every day.

I believe one of the reasons we do so well is that we formed a network of people who we rely on to keep us on the straight and narrow. Through our network we are constantly learning better way to handle our business and how to work within FedEx Custom Critical.

Another point I agree on is do your homework! Research each company and talk to drivers and see what company fits you and how you will be able to run. One company does not fit all and a solo does not fit all companies.
 

nobread

Seasoned Expediter
First and foremost i am flattered and overwhelmed by the support here and i think that is fantastic. One thought i had the other night, what if you do sign on with xyz and its not a full load whats to keep you from going to a load board and find a ltl going the same way to maximize the revenue for that truck??
 

cheri1122

Veteran Expediter
Driver
First and foremost i am flattered and overwhelmed by the support here and i think that is fantastic. One thought i had the other night, what if you do sign on with xyz and its not a full load whats to keep you from going to a load board and find a ltl going the same way to maximize the revenue for that truck??

What keeps you from it? Your carrier - it's their authority and insurance you're running with, and expedited means exclusive use of the truck.
That said, there are times when you can do this, [it's called a backhaul] with some carriers [Panther is one]. They have rules about how it's to be done, so best to ask each carrier whether it can be done, and how.
Which brings me to one detail worth mentioning: Phil is an extremely knowledgeable O/O, but his experience is limited to one size truck at one carrier - if you need info on refrigerated C or D units, and/or FedEx, he can be quite helpful. However, the specific question you asked is one he can offer no direct experience with, as FedEx doesn't permit backhauls. [Unless things have changed very recently]
I'd suggest you read here with an eye for narrowing your options to those carriers that appeal to you, then compose a list of questions [info not found elsewhere] to ask the recruiters for each one. Particularly as to which size & type of truck they have strong demand for, because each is different in strengths & weaknesses.
As both TeamCaffee and I stated, upgrading to a Class A is not recommended, unless driving a tractor trailer is what you want - for anything less, a Class B is sufficient. I would suggest endorsing it with HazMat, though.
 

cheri1122

Veteran Expediter
Driver
I should mention also that it is possible to get your own authority, [and insurance, etc], and book whatever loads you can get - but it's not something an inexperienced person should start out doing.
I am impressed that even experienced folks can manage it - that's multitasking with a capital M, lol.
 

nobread

Seasoned Expediter
So i thought i would take a step forward.....but??? I called a recruiter today to find rates for 22 ft st trk and to my shock she said 95 c and i pay for fuel.... I dont know but it sure seems to me this industry likes to cut off its nose to despite its face??
I dont know rates but it seems low??
 

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
Man i am so pumped you replied, hell phil your one of the reasons i want to get in this biz. (love your stuff) Ok punch list from your questions. At 42 why only 6 k to my name? Lets go for a walk shall we. I had a very successful retail store a restaurant and cnc shop. And life was good up until i got burned for 250k (bummer)
So looking back was i a bad business man? no but foolish to let an account get that far out. Learned the hard way if you will.
Do i think getting in this biz with so little is bad????? Heck i started the others with allot less??? But i wish i did have more capitol at my disposal yes. Nope no ex wife nor kids and for the record only 42 (dont want you to age me to soon) No shiny cars none of that. I have a fierce work ethic, i no when i go head to head with anyone i win. So i still believe in this industry and do believe the money is there for those willing to really grind. And yes there is a end game if you will and that is peace of mind and financial independence.

Thanks for stopping by phil.

Hey nobread, after reading your response, and having read many, many questions from newbs since this site started, i'm going to suggest that you are lightyears better equipped to enter this business than any of your responders in this thread were when thay were newbs. Reads like you've taken your lumps and survived, and LEARNED from them. Seems to me that if most on this site would get "burned" for a nickel and a dime at the same time, they would be devistated Were me...i'd jump in A truck and look at whatever you want to look at in your rear view mirror. It appears your work ethic and past business experience will serve you well.

And Missie, it's really not too tuff to multi-task when you treat expediting like a career and life style, steada jes a lifestyle.
 

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
So i thought i would take a step forward.....but??? I called a recruiter today to find rates for 22 ft st trk and to my shock she said 95 c and i pay for fuel.... I dont know but it sure seems to me this industry likes to cut off its nose to despite its face??
I dont know rates but it seems low??

If the price is 95 cent a mile (driving for someone) and you pay fuel, (30-35 cent a mile for fuel), i'd prolly be knocking on their door tomorrow as a newb. IF, that is 95 cent, and YOU own the truk, better keep making the calls.
 
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