Trucking may only be for some, but live load trucking could be the right fit if you like to set your hours and keep the profits. Keep reading if this sounds like an attractive way to earn a living.
What is an owner operator truck driver?
An owner operator truck driver is someone who owns and operates their truck. They are not employed by a trucking company but instead work for themselves.
An owner operator truck drivers can be either a leased driver or an independent contractor. A leased driver leases their tractor from the company they are working for, while an independent contractor owns their fleet of trucks and hires drivers on a needed basis to fill any empty slots in their schedule. Leased drivers tend to have more flexibility in taking their jobs. At the same time, independent contractors need more time planning routes so they don't waste money driving back and forth between jobs that could have been done in one trip if planned correctly beforehand.
Truckers can set their hours and keep the profits.
You can set your own hours as a trucker and keep the profits. You can work when you want to and take time off when you need it. It's up to you how much or how little work you do each day. This is an excellent opportunity for those who want more flexibility in their lives--whether that means being able to plan around family visits or simply having more control over their finances by not having an employer take their money out of each paycheck before they ever see it (you'll be responsible for paying taxes).
Truckers also can live anywhere they want as long as there are highways nearby! If there aren't any jobs where your friends and family live now, but maybe there will be someday, don't worry about packing up everything right away just yet; instead, wait until after this next run before making any big decisions like buying a house or moving across the country with no guarantee of better opportunities ahead."
It can be stressful to deal with shipper demands and deadlines.
Shippers can be demanding. You must understand this immediately if you're new to trucking and logistics. Shippers want their products shipped on time and in good condition, but they also want them delivered at the lowest possible cost. They might change their minds about where they want something shipped or when they need it there, which means that if you don't keep track of all these details yourself (and have good communication with your shipper), then things could quickly fall apart for both parties involved in the transaction.
This can be stressful for drivers who are used to being able to control their routes and schedules; however, there are ways for those new drivers who aren't used yet--or may never become accustomed--to dealing with these kinds of challenges out on road trips throughout North America today:
You will have no sick time or vacation time.
You will have no sick time or vacation time. You're responsible for your health, so staying in good shape and taking care of yourself is essential. You must be available 24/7 and able to work long hours without complaint.
There is a lot of responsibility for an owner operator.
As an owner operator, you are responsible for all aspects of your trucking business. You have to manage your finances, time and truck. It's a lot of responsibility!
Benefits of owner operator trucking
The benefits of owner operator trucking are many, and they include the following:
- Independence. You're your boss, so you can make your schedule, set your prices and take time off when needed.
- Flexibility. You choose where to go and what loads to accept based on what will make you the most money while still meeting customer demand.
- Setting your rates is another benefit of being an owner-operator--you can charge more if customers are willing to pay it (and vice versa).
Get advice from an experienced truck driver.
- Ask other truckers for advice.
- Ask questions about the trucking company you are considering.
- Ask the shipper you are delivering to.
- Ask your friends and family.
The best states for owner-operators
To succeed as a long-haul trucker, you must pick the correct state. The best states for owner operators offer:
- Low taxes and fees
- Good trucking infrastructure (e.g., highways)
- Good trucking schools that have programs that are approved by the Federal Motor Carrier Safety Administration (FMCSA)
- A friendly attitude toward truckers in general and the industry in particular
It's also important to consider the health of your local economy when choosing where you'll live and work as an owner-operator. If there are plenty of jobs available in your area, then it makes sense for you to set up shop there as well--but if not, then another city might be better suited for what it has going on right now.
You will need to invest in your trucking business to make money.
- You will need to invest in your trucking business.
- You will need to pay for maintenance and fuel.
- You will need to pay for insurance.
- You will need to pay for a license, which can be expensive depending on your state and the type of license you want (regular or commercial). The cost varies based on whether you are new or experienced, as well as if any violations on your record would increase the price of getting one from $20-$80 per year, depending on where you live! If this seems like a lot already, remember: these are all things YOU can control, so don't worry too much about them until later when we look at how much money YOU make during each trip!
Conclusion
We have provided you with some great information about the trucking world, but we know there is still more to learn. If this sounds like something that might interest you, then we encourage you to continue researching and learning about it! There are plenty of resources for those who want to start their own business as an owner operator truck driver or learn more about what it takes before making any decisions