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Neckster
Joined: 24 Jul 2005
Posts: 55
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| Posted: Mon Sep 11, 2006 4:51 pm Post subject: How To Obtain Own Authority... |
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I did not search the board for this information, however I would like more information on how to obtain my own authority. Is it worth the effort to go this route, and how difficult to obtain your own authority? Thanks for your imput on this issue!
Neckster
Be Safe |
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GMAN
Joined: 13 Feb 2005
Posts: 9878
Location: Tennessee
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| Posted: Mon Sep 11, 2006 5:41 pm Post subject: |
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It isn't difficult at all, if you have the money. Getting authority is easy. Making a profit could be a different story. Whether it is worth the effort depend on the individual. Unless you have driven a truck for a few years and have a good nest egg, I wouldn't necessarily recommend that you take such a big step all at one time. There are some questions you may want to answer. How much experience do you have? Why do you want to get your authority? How much cash do you have? Have you ever owned a truck before? Do you plan on driving the truck yourself? Do you have any contacts? Have you checked on insurance? If you run your own authority you will also need to buy a trailer. What type of freight do you plan on pulling?
We have discussed this quite a bit. You may want to do a search. If you have specific questions, fire away. :D |
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LOAD IT
Joined: 02 Sep 2006
Posts: 614
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| Posted: Mon Sep 11, 2006 8:29 pm Post subject: Re: How To Obtain Own Authority... |
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Neckster wrote: I did not search the board for this information, however I would like more information on how to obtain my own authority. Is it worth the effort to go this route, and how difficult to obtain your own authority? Thanks for your imput on this issue!
Neckster
Be Safe
Go to the link below and you will be on your way, dont delay, do it today, before these guys talk you out of it. Hurry!
www.fmcsa.dot.gov/registration-licensing/online-registration/onlineregdescription.htm |
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GMAN
Joined: 13 Feb 2005
Posts: 9878
Location: Tennessee
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| Posted: Mon Sep 11, 2006 9:13 pm Post subject: |
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| You can get your authority for a $300 filing fee. You will need a minimum of $750,000 of liability insurance and $100,000 in cargo. You only need $5,000 to obtain authority, but most brokers and shippers will require at least $100,000 in cargo. Some insurance companies will not write less than $100,000. Most insurance companies require 2 years driving experience and a good MVR before they will write you. A few people on this forum have been able to get liability insurance through Progressive. I like to see people succeed, but without experience, you have your work cut out for you. |
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LOAD IT
Joined: 02 Sep 2006
Posts: 614
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| Posted: Mon Sep 11, 2006 9:20 pm Post subject: |
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| Neckster, where do you live and what type trailers do you plan to use? |
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tfmotors
Joined: 14 Apr 2006
Posts: 419
Location: Oregon
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| Posted: Mon Sep 11, 2006 10:40 pm Post subject: |
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LOAD IT wrote: Neckster, where do you live and what type trailers do you plan to use?
If you want to get your Authority and operate a business don't listen to loadit. His advice is the best way to go into BK. |
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coolbreeze
Joined: 16 Jun 2006
Posts: 36
Location: CT
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| Posted: Tue Sep 12, 2006 3:48 pm Post subject: |
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A good place to start would be www.evilsizor.com.
They can take care of all your authority needs.
Progressive is good for new drivers. Depending on your driving record they will insure your entire rig, truck and trailer, even if rented or leased.
If your going to rent or lease to start, I would recommend Penske or Ryder rentals. Penske looks to be a little less expensive than Ryder.
As far as getting work and loads to run, the load boards seem to have PLENTY of work to go round. In particular "www.getloaded.com".(123loadboard.com is good too)
It seems to me that for starters, youll need at least $10,000 to get you buy until those checks start to come in.
This is what I plan to do eventually, though owning my own truck. But I will probably have to work for someone for a bit first to afford it. Otherwise I would just jump in and go out under your own authority. Youll get the experience as you go. Others here may not think this is a good idea, but I can see many have done it.
Good luck. |
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LOAD IT
Joined: 02 Sep 2006
Posts: 614
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| Posted: Tue Sep 12, 2006 5:18 pm Post subject: |
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tfmotors wrote: LOAD IT wrote: Neckster, where do you live and what type trailers do you plan to use?
If you want to get your Authority and operate a business don't listen to loadit. His advice is the best way to go into BK.
Neckster, TFMOTORS is so successful that he spends all of his typing moments typing crap. If you think you can truck running for brokers, you are wrong and will not be in business 9 months in this economy. If you want customers in and around Connecticut, let me know what kind of trailer you will be pulling. I'm trying to help O/O's be independent, you will need brokers to get back to your better paying shippers, I can help you get shippers. I've got them to give away, the pie is pretty big. |
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tfmotors
Joined: 14 Apr 2006
Posts: 419
Location: Oregon
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| Posted: Tue Sep 12, 2006 5:34 pm Post subject: |
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LOAD IT wrote: tfmotors wrote: LOAD IT wrote: Neckster, where do you live and what type trailers do you plan to use?
If you want to get your Authority and operate a business don't listen to loadit. His advice is the best way to go into BK.
Neckster, TFMOTORS is so successful that he spends all of his typing moments typing crap. If you think you can truck running for brokers, you are wrong and will not be in business 9 months in this economy. If you want customers in and around Connecticut, let me know what kind of trailer you will be pulling. I'm trying to help O/O's be independent, you will need brokers to get back to your better paying shippers, I can help you get shippers. I've got them to give away, the pie is pretty big.
Ah... More drivel and more lies |
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LOAD IT
Joined: 02 Sep 2006
Posts: 614
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| Posted: Tue Sep 12, 2006 5:50 pm Post subject: |
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tfmotors wrote: LOAD IT wrote: tfmotors wrote: LOAD IT wrote: Neckster, where do you live and what type trailers do you plan to use?
If you want to get your Authority and operate a business don't listen to loadit. His advice is the best way to go into BK.
Neckster, TFMOTORS is so successful that he spends all of his typing moments typing crap. If you think you can truck running for brokers, you are wrong and will not be in business 9 months in this economy. If you want customers in and around Connecticut, let me know what kind of trailer you will be pulling. I'm trying to help O/O's be independent, you will need brokers to get back to your better paying shippers, I can help you get shippers. I've got them to give away, the pie is pretty big.
Ah... More drivel and more lies
Ah... More drivel and more crap :withstupid: |
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tfmotors
Joined: 14 Apr 2006
Posts: 419
Location: Oregon
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| Posted: Tue Sep 12, 2006 6:08 pm Post subject: |
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LOAD IT wrote: tfmotors wrote: LOAD IT wrote: tfmotors wrote: LOAD IT wrote: Neckster, where do you live and what type trailers do you plan to use?
If you want to get your Authority and operate a business don't listen to loadit. His advice is the best way to go into BK.
Neckster, TFMOTORS is so successful that he spends all of his typing moments typing crap. If you think you can truck running for brokers, you are wrong and will not be in business 9 months in this economy. If you want customers in and around Connecticut, let me know what kind of trailer you will be pulling. I'm trying to help O/O's be independent, you will need brokers to get back to your better paying shippers, I can help you get shippers. I've got them to give away, the pie is pretty big.
Ah... More drivel and more lies
Ah... More drivel and more crap :withstupid:
The only thing you have done on this board is to state how great you are, how much money you make, how much money you can make everyone else.Yet, you have done nothing to prove this. Show some proof and I will quit torturing you. ( I actually enjoy getting you all wound up though)
Before you ask me to prove my clients... that will not happen. I am not going put up my MC#, PUC #, D&B, Paydex etc.... But until then I am going on vacation w/fam. Please work on your retorts as they show your limited vocabulary and/or education. |
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Mackman
Joined: 14 Sep 2005
Posts: 2429
Location: Concordville PA
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| Posted: Tue Sep 12, 2006 6:11 pm Post subject: |
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tfmotors wrote: ( I actually enjoy getting you all wound up though)
so do i :P |
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Sonny Pruitt
Joined: 02 Sep 2006
Posts: 449
Location: Mahwah,NJ
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| Posted: Wed Sep 13, 2006 7:35 am Post subject: |
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Is it worth it to get your own authority?
Probably not.
First I would make make sure that there is absolutely no way Roadway, Yellow or UPS would hire you.
I would say most o/o's should stay o/o's and just find better co's to lease to.
I have my own authority for a year.
Its not all its cracked up to be
except its cool saying you have your own authority
"yep. got me a reefa"
Of the 10 or so people who I knew had their own authority a year ago,
3 of us are left
most went to Landstar
2 went back to Triple Crown |
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solo379
Joined: 14 Feb 2004
Posts: 3162
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| Posted: Wed Sep 13, 2006 9:58 am Post subject: |
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Sonny Pruitt wrote: Of the 10 or so people who I knew had their own authority a year ago,
3 of us are left
most went to Landstar
2 went back to Triple Crown
Are you saying it's a 30% chance of survival in one year? :shock: :P |
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GMAN
Joined: 13 Feb 2005
Posts: 9878
Location: Tennessee
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| Posted: Wed Sep 13, 2006 10:19 am Post subject: |
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Sonny Pruitt wrote: Is it worth it to get your own authority?
Probably not.
First I would make make sure that there is absolutely no way Roadway, Yellow or UPS would hire you.
I would say most o/o's should stay o/o's and just find better co's to lease to.
I have my own authority for a year.
Its not all its cracked up to be
except its cool saying you have your own authority
"yep. got me a reefa"
Of the 10 or so people who I knew had their own authority a year ago,
3 of us are left
most went to Landstar
2 went back to Triple Crown
That is a high failure rate, Sonny. Whether having your own authority is work it or not, depends on the individual. It can be difficult for the single truck operator to succeed running his own authority. I dont think that everyone who owns their own truck should necessarily also have their own authority. I also don't think that every driver should be an owner operator or own a truck. Most should stay a company driver. They will probably make more money. Owning a truck means that you are in business. If everyone had their own business there would be no employee's. When an owner operator gets his own authority, he takes on new and expanded responsibilities. As a carrier he is now responsible for a considerable increase in paperwork. Failure to maintain proper paperwork can result in high fines. While I think that many carrier's take a larger share of the line haul than they should, they do assume considerable liability from those with whom they lease on to them.
So, is it worth it? For me it is. :D |
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