I don’t personally recommend factoring services for any length of time, as they are very expensive. It’s a good idea to have an operating line of credit of at least $25,000 to help out with slow A/R. Cash Flowīeing an independent trucker can be profitable, but it can also be very expensive to keep your business moving along. Some serious money can be made by the independent trucker if you can find a nice niche market.īut good things don’t often last forever, something we’ve learned from personal experience in the trucking business. This is a definite perk to this trucking style. While you are directly responsible for all paperwork involved in running an independent trucking business, there is often no middleman involved to take a cut of the profits, nor dispatchers and management to deal with. Related > 7 Tips For Buying Your First Truck as an Owner Operator All truck and trailer related costs lie with the independent contractor.You’re responsible for registration, filing and payment of fuel tax and road tax.You’re responsible for getting your own authority.Extra Costs Independent Truckers Incur (That Owner Operators Don’t Have) Here are some things to consider if you’re considering becoming an independent trucker. There are piles of paperwork, a whole mess of responsibilities, financial obligations and a lot of risks. Things have changed somewhat since then and while being an independent trucker comes with a lot of setbacks, I still think it’s worth the risks for most truckers.īeing an independent is not easy. I was able to choose the type of work that I wanted to do.īeing an independent trucker came with its own set of responsibilities but it was worth it to have the freedom to choose what equipment I wanted, run the routes I liked best, and enjoy a handsome profit.
I was able to pick and inspect the equipment that I wanted to run. I had the freedom to come and go when I wanted and set my own schedule. I worked directly for a produce buyer and was paid for the delivery the moment I bumped the dock. In all my 40 years of trucking, I found working as an independent trucker under my own authority was certainly the most profitable work that I ever did.
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