Can you explain the difference between O/O Lease on vs An independent getting freight from a broker?
(New Oxford PA)
My name is Chris, I live outside of Gettysburg PA. I work as a professional fireman outside of Washington DC.
Im looking into trucking because of salary cuts. I work 9 24 hour shifts in a month with 21 days off. I am looking into being an independent trucker.
Im looking to run a successful business and Im not looking for job security or benefits because I already have that. Im interested in running dry vans and reefers approx 3 days per week or 3500 miles per week and I have other fireman that want to drive for me as well.
Looking to run teams for reefers during high volume produce periods.
Can you explain the difference in leasing on with a major carrier and running as an independent trucker who uses a broker like Total Quality Logistics?
Right now I see the pay per mile is .92 cents with a major carrier and I was quoted $1140 from TQL for a reefer load for a 400 mile run. I believe that is $2.85 per mile?
What are the advantages and disadvantages of both? I have already talked with truckers in my area, talked to my insurance company, calculated fuel, IFTA tax, tires, oil changes, and ran the numbers on starting my own authority.
The numbers look good to me, but I'm afraid I maybe over looking things!
I hope you can help shed some more light on this subject!
Thank you for your HELP!