Owner Operator Trucking Jobs
Many people these days are interested in pursuing a driving career in the trucking industry as the jobs could provide with a competitive salary, flexible working schedules and greater benefits. However, not many people realize that there are several types of trucking jobs available out there. Therefore, make sure which kind of job you are interested in and what all it would entail before you go for an interview. You can find various owner operator trucking jobs like owner operator flatbed, owner operator driver van, owner operator tanker, owner operator reefer, owner operator car hauler and others.
Types of owner operators
Solo owner operator
Owner operator is a driver who owns one’s own truck also drives the truck alone. There are many companies that require some extra drivers. Therefore, they would contact freelance drivers like you. Typically, the owner operators don’t have much of driving experience as compared to many other company drivers. The owner operators might have a whole team of truck drivers contracted to the companies in need of driving services.
With the skyrocketing prices of the fuel, cost of equipments and the rising insurance and a gruelling schedule, searching and maintaining a success in the owner operator truck driving job could be a pure challenge, even for those skilled truck drivers. On surface, it might sound much easy to acquire a semi truck, find some profitable truck driver’s job that you can probably handle and earn a handsome income. Earning about $100,000 a year, after all tax deductions, is thought to be a handsome income. The fact is that not many of the owner operators are successful. In fact, it is estimated that even less than ten percent of the independent owner operator truck drivers are able to make this sort of money.
The inexperienced and the new owner operator truck drivers are vulnerable and susceptible to the financial management challenges during the starting period, within 24 months, after they have chosen to dive in the ownership. Unfortunately, trucking industry has had a terrible reputation of chewing and spitting all individuals who have taken up the independent owner operator trucking jobs. Over the years, trucking industry has failed to cultivate, nurture and train the drivers for helping them with management of financial side of business and to avoid any pitfalls that are associated with rankings of the semi truck driving owner operator.
Similarly, amongst all those successful independent owner operator drivers set aside an amount for emergency, is in common. As a primary key for a successful business is management of the cash flow, nothing is probably more important that profitability of the trucking business than a good business decision in the area. Being an independent owner operator truck driver, you are alone responsible for the management of every aspect of the cash flow. An effective management of the cash flow would determine the profitability towards the end of month. Many successful owner operators advice that the truck drivers need to have about three to about six months of the after tax cash in their fund for the emergency like loss of the job or incurrence of some unexpected big expenses. Emergency cash fund would include all business expenditures that are stashed including the insurance, truck payment and maintenance and others.
Team owner operators
A team owner operator usually owns the truck and has driving partner.