I'm very interested in owning my own truck to contract out drivers. Could you veterans please assists me in the process of owning my own semi truck? What is the pros and cons of this?

 

Are you talking about buying a truck and putting a driver in it? If that is the case, you have some challenges ahead of you. One of the greatest challenges is finding qualified drivers. It seems that no matter how much a driver makes or how well they are treated, most move around a lot. Turnover is currently running over 100% a year. That means, on average, everyone who drives will change jobs this year. Not all will change, some will leave after only a few weeks or months. Some will stay with their company for several years. But turnover is very high in this industry.

Do you plan on leasing to a carrier or running your own authority? Insurance companies pretty much dictate who you can hire. Unless you have some personal driving experience you will have a learning curve ahead of you and it can be very expensive. You can make a good living if you own and drive the truck yourself. If you own the truck and put a driver in it, you can make money, provided you get a good driver who will do his job and take care of your equipment. I can tell you some real horror stories experienced by myself and others whom I have known over the years.

Owning a truck is expensive. All trucks break down, even new ones. Maintenance and insurance is also expensive. It isn't uncommon for a truck to be abandoned hundreds of miles from home base.

I suppose that I have mentioned more on the down side of owning a truck. Not everything is negative about owning and putting a driver in the seat. But you need to know both sides in order to make an informed decision. My advice would be to drive yourself for a year or two before putting a driver in the truck. It will give you a much better perspective. Besides, if you have a CDL you can drive yourself if you lose a driver.

 

Your plan is riskier that using a needle you found under a bus station toilet!

By "contracting" out drivers, you leave questions Unanswered. I remember this summer my friend said this guy she knows contracts out trucks to drivers. She was soooo sure I'd make more under this scheme than doing HHG :roll:

Also, where is your work? I had a LOOOOONNG AOL conversation with a gentleman that got my AIM from thsi board. He was planning on using load boards (didn't even know what getloaded was until I sent him the link) to keep drivers busy. :roll:

I spoke to one United Van Lines driver over the weekend, and he's getting out of the business. I asked if he was gonna put a driver in the truck, and he said "the truck only makes enough $$ for one household". What this means is you're at high risk to fail. I'd say on a graph, your risk of failure increases as your experience decreases ( I was an Economics minor 8) )

 

:lol: :lol: :lol: :lol:

 

Therein lies a big part of the problem in this industry right there. So many drivers are willing to quit and change jobs the instant they don't get their way. The job hoppers have created a "why bother" attitude. Why bother giving drivers respect and loyalty when there's nearly a 100% chance they're going to jump ship anyways. Why bother treating them like a name instead of a number when they won't be around long enough for you to get to KNOW their name. I tell drivers who complain about being thought of merely as meat behind the wheel to look in the mirror, a lot of that is the fault of the drivers. The sad part is that the guys who believe in sticking it out and loyalty are often the ones who take it in the ass the worst. :?

 

Not all drivers move around a lot. I never moved around much. Whether we talk about turnover or ignore it, the fact is that there is a substantial turnover in drivers.

 

I'm not quite sure how you only part (semi) of a truck either. When I bought mine i bought the whole thing.

 

I've been in the business for 11 years. In that time, I've had 5 jobs. One of those jobs was for over 6 years.

Turnover is a plague on this industry, as it keeps wages down, and creates that artificial "driver shortage".