Owners of tractor & trailer, avg. income?

[mf2004champ]

hi,

just like to get some feedback on owners of tractor + trailer yearly income. I've spoke to someone that quoted a net income of $175,000. They guy owned a tractor w/ a dry van trailer.

Is that yearly income possible owning the combination?

thanks

[allan5oh]

I'll go first on record saying I only made about 50k net last year. I also only worked about half the year.

[geomon]

I'm betting that "someone" you talked with confused net income with gross income.

[sidman82]

I will agree that is most likely gross, not net. I will gross about $125,000.
But my net will be about $60,000.

[allan5oh]

I'm betting that "someone" you talked with confused net income with gross income.

I'm going to have to agree with this guy!

[allan5oh]

Also, to add, I do not own the trailer. Only the truck.

[Teal 95 KW]

I own my own truck, and only worked about 1/2 the year last year. (7 months)..I missed almost all of the peak season, but when I did work, I ran pretty hard. I still had a NET of $72k.

[solo379]

I own my own truck, and only worked about 1/2 the year last year. (7 months)..I missed almost all of the peak season, but when I did work, I ran pretty hard. I still had a NET of $72k.

So, is that's the average o/o income? :P

[Teal 95 KW]

Duh, I figured everyone would have known about all the money bags truckers out there!

[Dejanh]

hi,

just like to get some feedback on owners of tractor + trailer yearly income. I've spoke to someone that quoted a net income of $175,000. They guy owned a tractor w/ a dry van trailer.

Is that yearly income possible owning the combination?

thanks

Depends on what you actualy do in the trucking buisiness, more specialized you go more money you will make...

[Sonny Pruitt]

to the truck?

[eastern ontario]

Was talking to a driver here in Canada.......she has friend who is O/O up here.....he was saying after all was said & done, his take home as O/O is less than when he was company man.

I am not yet OTR, currently studying....but had thought about going O/O eventually, I know this is a huge step.

Are there any Cdn, possbily Ontario O/O drivers out there who can advise on best business decisions. I realize it can be a personal decision and when comes down to $$'s is it worth it?

[allan5oh]

Was talking to a driver here in Canada.......she has friend who is O/O up here.....he was saying after all was said & done, his take home as O/O is less than when he was company man.

Who do they work for? Either they're working too cheap or they don't have their costs under control. I find a lot of o/o's don't know their true #'s.

[eastern ontario]

not sure the details allan, as i didnt ask. i understand that this driver is currently o/o.

IMO, anyone wanting to know their true operating costs of any business needs to manage excellent records.

[rank]

Was talking to a driver here in Canada.......she has friend who is O/O up here.....he was saying after all was said & done, his take home as O/O is less than when he was company man.

I am not yet OTR, currently studying....but had thought about going O/O eventually, I know this is a huge step.

Are there any Cdn, possbily Ontario O/O drivers out there who can advise on best business decisions. I realize it can be a personal decision and when comes down to $$'s is it worth it?

With 1 truck and 1 trailer your costs are going to be at least $145,000/year (US). You might earn $175,000 on 100,000 all miles. Depends alot on where you live and how many times you want to get home.

If you live in North Bay and want to be home every weekend you'll likely go broke. Live in the GTA, you'll be better off.

[heavyhaulerss]

well i have made from 65,000 to 97,000 that is 78 % of the gross pay. some can earn 175,000. but that is usually teams, where the truck hardly ever stops. last year i earned 81,000. that is pulling flatbed. i was always able to make more, but i work when i want to. after all expenses i will bottom line take home approx 60% maybe a lil less. lots of factors determine that outcome. i think most people on this forum are honest & will tell you the truth. not all truck drivers in person do. i had one guy (when i fist got started) tell me he makes 3,000 a week. i was real impressed & thought about leasing to the co he was with. until my friend & trainer pointed out later looking at the man's truck, said if he made 3- grand a week why does he have 16 of his 18 tires slick as a onion? this driver carried a air hose & had to put air in his tires on every load. more to the story, but this guy was not telling the truth as i later verified myself... the way i got into the business ... it worked very well for me.. good luck..

[Dejanh]

well i have made from 65,000 to 97,000 that is 78 % of the gross pay. some can earn 175,000. but that is usually teams, where the truck hardly ever stops. last year i earned 81,000. that is pulling flatbed. i was always able to make more, but i work when i want to. after all expenses i will bottom line take home approx 60% maybe a lil less. lots of factors determine that outcome. i think most people on this forum are honest & will tell you the truth. not all truck drivers in person do. i had one guy (when i fist got started) tell me he makes 3,000 a week. i was real impressed & thought about leasing to the co he was with. until my friend & trainer pointed out later looking at the man's truck, said if he made 3- grand a week why does he have 16 of his 18 tires slick as a onion? this driver carried a air hose & had to put air in his tires on every load. more to the story, but this guy was not telling the truth as i later verified myself... the way i got into the business ... it worked very well for me.. good luck..

3K per week is very doable, if my truck was paid off and my insurance was not high due to the truck being new i could make that after fuel..

[Dejanh]

Was talking to a driver here in Canada.......she has friend who is O/O up here.....he was saying after all was said & done, his take home as O/O is less than when he was company man.

I am not yet OTR, currently studying....but had thought about going O/O eventually, I know this is a huge step.

Are there any Cdn, possbily Ontario O/O drivers out there who can advise on best business decisions. I realize it can be a personal decision and when comes down to $$'s is it worth it?

Its all about how you manage your money. There is no reason why a O/Op will make the same kind of dough as a company driver unless its his own fault and no one elses..

[Rev.Vassago]

I own my own truck, and only worked about 1/2 the year last year. (7 months)..I missed almost all of the peak season, but when I did work, I ran pretty hard. I still had a NET of $72k.

What was your gross? By gross, I mean the number on line 7 of your 1099. I'm quite curious on this.

[BanditsCousin]

I grossed just under 80,000 in under 3 months this summer