I have owned trucks and have had experience with hiring and managing drivers for many years. From your post it sounds like your primary motivation is saving money on your personal freight costs. It will cost you more than $20,000 to run a truck for a year. I am glad that you are doing some research before moving forward and buying a truck. If you plan on operating a truck you will need operating authority or will need to lease to someone who has authority. There are two types of authority, intrastate and interstate. Intrastate authority is for those who pick up and deliver freight within the same state. Interstate authority is for those picking up in one state and delivering in a different state. Interstate authority is issued by the fmcsa and costs $300. You will need a minimum of $750,000 liability insurance to get the authority, but most shippers require $1 million liability and $100,000 cargo. Rates for this type of insurance is usually high, especially for startups. I would check on your insurance before doing anything. The last time I checked with my own insurance agent he told me that he has been seeing rates for new carriers at around $16,000/year. However, rates can vary widely, so it pays to check around. Drivers can make you money or put you in the poor house. No matter how well you treat drivers or how much you pay them, you will have turnover. So, you should count on your truck sitting for weeks or months in between having a driver and finding a new one. You could be one of the very few lucky owners who keeps his drivers for longer periods of time. But, all truck owners have turnover. Drivers can have an impact on your insurance rates. As far as trucks are concerned, if you take the skin off of any truck they are all pretty much the same. There are a lot more Freightliners around than most other brands which means that you can usually purchase them for less than some of the other brands, such as Kenworth or Peterbilt. Believe it or not, having a Peterbilt or Kenworth could make a difference in the type of driver you attract. I am not suggesting you go out and buy either of those brands. You can make as much or more with a Freightliner or International with less outlay of costs.
When you own trucks and have drivers, you will need to spend time finding good paying loads. If you are involved in another business or job, you will need to either take time away from that other endeavor or hire someone to keep your truck loaded and moving. You will also need to finance your expenses until you get your money turned around on outside loads. Some brokers and shippers do have quick pay options for a discount on the freight rate. And there are also factors that will purchase your receivables for a fee. Typically, you could wait 30-60 days for payment if you do your own billing from the time you send in the invoice until you receive your money.
There are pros and cons to owning a truck as compared to using outside carriers to haul your freight. It is costly running trucks. The fourth quarter of last year I had to replace an axle on one truck and have a transmission rebuilt. If you want to get an idea of what it costs to actually run your own truck, you may want to check out OOIDA (
Owner Operator Independent Drivers Association, Trucking Association). They have a couple of spreadsheets you could use to plug in your own numbers to get a realistic idea of what it will cost you to operate your own truck. Before you start spending money, I would first check the cost for insurance. Your most costly expenses will be equipment, insurance, driver and fuel. You big upfront costs will be the equipment and insurance. Good luck.