What Do SUCCESSFUL Owner Operators Have in Common?

Рет қаралды 14,232

Күн бұрын

What Do SUCCESSFUL Owner Operators Have in Common?
_______________
Join Ronen as he delves into the key factors that set successful Owner Operators apart in today's challenging trucking industry. Drawing from nearly two decades of experience, Ronen explores the common denominators that contribute to success in a landscape where survival is tough for Owner Operators, Lease Operators, and Small Fleet Owners alike. Discover the essential strategies and habits that can make or break your journey in the world of trucking.
_______________
📚 Chapters
00:00 Introduction - What do successful Owner Operators have in common?
00:39 Successful Owner Operators work for Companies with a Competitive Pay Package
01:17 Successful Owner Operators have a Good Tax Accountant
02:05 M7 Tax Accounting Inquiry Form
02:57 Successful Owner Operators use a Diesel or Battery Pack APU
04:38 Successful Owner Operators Know the Importance of Interest Rates when Financing their Truck
05:11 Commercial Financing Loans Form
05:44 Successful Owner Operators Seek out a Fuel Efficient Truck
06:21 Booking a Consultation with Ronen
06:44 Analytics on Samsara - Fuel Efficiency
_______________
🚛 Truckers, Drivers, Owner Operators, and Small Fleets are all served by M7 Taxes! Both in Canada and the US.
☎️ Call M7 Tax Today ☎️ +1 518 267 1136
📝 Fill out this form if you'd like to schedule a meeting with them!!! ⬇️
🔗 share.hsforms.com/1wj3cKa2ySZ...
_______________
🚛 Ready to make your truck ownership dreams a reality? We've partnered with a diverse range of lenders, all eager to compete for your financing needs!
📝 Simply fill out this form and let them battle it out for your business! ⬇️ Don't miss out on the best deals - seize the opportunity today! 🌟🔐
🔗 www.ettransport.ca/commercial...
_______________
🚛 Book a Consultation with Ronen! ⬇️
📧 Sponsorship@ettransport.ca
_______________
Subscribe to our channel for entertaining and informational content on trucking, and hit the 🔔 icon to get notified when we release a new video!
#OwnerOperators #TruckDriver #LeaseOperator
For all sponsorship inquiries:
Sponsorship@ettransport.ca
For all media inquiries:
mediateam@ettransport.ca

Пікірлер: 103

@greggstewart2288 3 ай бұрын

Also Doing your own maintenance and repairs huge savings for me and my friends

@jossa942 3 ай бұрын

Yea buy oil at Walmart i do it my self. I grease my own truck. I changed my turbo. My radiator. Not easy but not impossible

@kmg501 3 ай бұрын

@@jossa942 Doing a radiator can be a big job, definitely doable but you are going to need help or a way to hoist it.

@NorthAmerican-Trucking-News 3 ай бұрын

Oh definitely, if you know how to service, maintain and repair your own truck, you can save THOUSANDS

@trucklife914 3 ай бұрын

Yes but everyone is not mechanically inclined, or have the proper tools

@truckn 3 ай бұрын

Great video as always Ronen, keep up the good work. Here's my list of what SUCCESSFUL Owner Operators Have in Common. Not in necessarily in this order. 1) Math Skills. 2) Partner with a carrier with ZERO company trucks. Very difficult these days but it was one of my best O/O experiences for what I hope is obvious. 3) Stay on top of your taxes at least quarterly if not monthly. 4) Mechanically inclined.

@robbalinski1606 3 ай бұрын

I'm looking at a company that only has o/o's now, hoping your right that company truck competition is the reason for shitty income.

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for the support! Love that list too!

@DSKdanny 3 ай бұрын

Low rates and big over head costs is the killer.

@bmhtransportllc 3 ай бұрын

No sure how i started watching your videos, but i try to watch everyone that pops up. Im a leased operator leased on with a debt free company. They have their own trucks and some owner operators. Love the advice you give. Have a great week and lets keep looking ahead to better days

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for watching! And a special thanks for sticking around despite not knowing how you even started, haha!

@mikeleggiero2524 3 ай бұрын

Best thing i can tell you stop looking at rates per mile. And understand cost plus time. O/o for 22 years . Sold out after illness work for a friend i still run it like my own my last 4 loads 18000 on 7000 miles . I have a good team of agents i work with. Already call my agents for next week after my week off will finish around 28000 for the month. I take my 32 percent on that. Once you know you're daily cost the rest is easy. Yes I am payed on a w2 these days. I make sure the truck makes profit so i stay employed and my boss stays in business.

@NorthAmerican-Trucking-News 3 ай бұрын

That's a good take, I like your outlook!

@Error-mx1jk 3 ай бұрын

Successful ones also dont have a wife and kids at home

@georginaruiz8300 3 ай бұрын

What you expect from this racist angry guy 😂

@NorthAmerican-Trucking-News 3 ай бұрын

You might be right

@TruckerRo 3 ай бұрын

It's not about having a wife and kids at home.. it's about being a man and leading your household and doing what you have to do and not being a weak simp 🤷🏾‍♂️🤷🏾‍♂️

@TheBigOrangePumpkin 3 ай бұрын

Yap. True. I did have the 2022 Peterbilt 579. And I have over 9mog now I'm got the 2024 kwt680. Will be the same or better

@shanechris100 3 ай бұрын

We need updated videos about becoming O/O 😊

@Frank1776. 3 ай бұрын

The best advice and the more important would be to purchase a rust free truck and to find a reliable mechanic, also always do maintenance before breakdowns, if you do does 3 things your will be a successful Owner operator, and of course you have also to work for a good company too

@NorthAmerican-Trucking-News 3 ай бұрын

We might have one cooking!

@robertovillalon2841 3 ай бұрын

Thanks!

@NorthAmerican-Trucking-News 3 ай бұрын

You are welcome!

@Odil_Saidov 3 ай бұрын

The best economy truck I think is Kenworth T680 Next Gen with Paccar engine 456hp. I own this type truck and it really runs 8.5 mpg

@davidowen9671 3 ай бұрын

Word on the street is that Cascadia's get the best MPG. Peterbilt is so overrated. Volvo is worse.

@NorthAmerican-Trucking-News 3 ай бұрын

Word on the street might be right!

@davidowen9671 3 ай бұрын

@NorthAmerican-Trucking-News Sir, Perhaps we can speak sometime about a key issue in trucking, which is, for how many miles should a highway-driven, Class- 8, last for a non-engine idler, without major engine, transmission, differential or after-treatment system problems. My expectation of 10 years / 1,200,000 miles might be an overreach. But consider, the likes of PACCAR Lease are pricing the leases such that a lessee is paying for 90%+ of the (overpriced) purchase price inside of 4 years / 480,000 miles, whichever comes first; whereupon PACCAR Lease then hopes to get another US$100K for the residual value, even from that self same lessee (read, almost no transaction costs in the turnover). What is wrong with this picture?

@lifeisahighway1534 3 ай бұрын

This is perfect to know

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for watching!

@robc2821 3 ай бұрын

Hello great video im an ild timer been trucking since 78 yes along time 1 point i have to make about a big hood truck that i own is i do heavy haul i need big horse power so im running 605 hp Cummins in a W 9 Kenworth , This type of work is rated so we can maintain a decent profit margin with specific equipment that is not fuel efficient , So is your a highway driver OTR running long distance you definitely need to have a arrow dynamic truck that is properly geared to run low RPM with a fuel economy in mind or with todays freight rates you wont survive very long to be honest i made more profits back in the late 70's into the 80's then now !! Good luck new drivers remember if your going to run long haul you need to get a truck that will get at least 8.5 miles per gallon or you wont last !!!

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for sharing!

@davidowen9671 3 ай бұрын

(1) The APU's are ABSURDLY expensive. A $500 diesel electric generator + a $400 smallest umaginable air conditioner + a $100 box to put the generator in, heck I'd pay triple that sum. Problem is, Carrier and Thermal King and the rest don't want triple, they want x12, that is $12,000, sometimes more. The small government folks need to rethink. What would help is smart government, which obviously CA and USA don't have. The Class 8 manufacturers should simply be required to include an APU with every sleeper berth equipt truck. The third-party aftermarket crap has produced a horrible result. As for heating, just use your bunk heater. The self-absorbed, stupid, stinking slobs who run engines all night, every night, can simply be sent to the wall. Then we can render their blubber to help defray the expenses they needlessly ran up.

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for sharing!

@ladiesman860 3 ай бұрын

Paid off equipment is ALWAYS nice.......Depends on the market also, rates suck right now.

@whatsthebuzz2 3 ай бұрын

Thank you

@NorthAmerican-Trucking-News 3 ай бұрын

You're welcome

@Trsporty 3 ай бұрын

Ronen, I love your content and your videos. They are educational and informative, but try to make them less like a long advertisement 😊

@NorthAmerican-Trucking-News 3 ай бұрын

We appreciate your support!

@robbalinski1606 3 ай бұрын

Ronen roughly what do your trucks cost you in fuel per mile? I'm running a 2016 peterbilt 367 with 1.6 million km on the original paccar right now and it averages 1.00-1.55 CAD/mile depending on how heavy the load is and how over dimensional it is. Have you consulted with many RGN o/o's running areo trucks? I'm thinking about upgrading but I can't seem to find a single oversize guy that tracks their mileage.

@rahmanakrami2754 3 ай бұрын

Good information brother

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for watching!

@alexfonov8350 3 ай бұрын

We pulling in Alaska sets, 120 k on regular basis, when you have 12 axles, You have to have 46k rears with lockers. 12.9 motor won't last over 200k. Basically your fuel "efficient" truck needs engine rebuild in 2 years. I have DD16 in both of my trucks. On fuel efficiency, i do better than most on the fleet. Driving on flat ground 62 mph.

@NorthAmerican-Trucking-News 3 ай бұрын

Pretty impressive! That's great!

@JaggerMaupin 3 ай бұрын

Runnin is the TraxNYC of trucking

@Frank1776. 3 ай бұрын

Agreed on most of the stuff except buying new truck for small carrier or OP because math doesn't play in their favor

@NorthAmerican-Trucking-News 3 ай бұрын

With recent developments, I can agree

@sergiolemus860 3 ай бұрын

What’s the mpg for 2021 t680

@MS-oz2wu 3 ай бұрын

What speed are your drivers running at; as it pertains to fuel mileage? Thx

@craigjames6504 3 ай бұрын

All your equipment must be paid for...NO debt!! Pay the entire annual premium for insurance at renewal. Nice discount for that. NO DEBT!! If you don't have the scratch to operate this way, you have no business being in business.

@Mr.Mister1234 3 ай бұрын

Look at the rich person here!!

@adamfulford6423 3 ай бұрын

That's my plan. No payments takes alot of pressure off!

@joecummings1260 3 ай бұрын

@@Mr.Mister1234 That's the way I always did it. Paid 1,500 bucks for my first truck in 1983. Did all my own repairs and worked my ass off. I think the most I've ever put into a tractor is maybe 15 to 20k. Trailers are another story, I spent 30 something on a landoll a few years back. Never borrowed money

@robbalinski1606 3 ай бұрын

still not a guarantee to being successful, far more important to know your running cost per mile and not running cheap freight. Good rates are out there, sometimes it just takes sitting a day or 2 to get that good rate. Worked for me every time.

@joecummings1260 3 ай бұрын

@@robbalinski1606 But when you don't have debt, it makes it so much easier to walk away from cheap freight.

@TheNucleerbomb 3 ай бұрын

Which would you recommend? Diesel or battery APU.

@kmg501 3 ай бұрын

Diesel until better battery tech comes along, Li-on is just not safe, do not let anyone BS you otherwise. Just make sure you take care of that APU motor and associated parts.

@nafakaboy 3 ай бұрын

Hello Ronen, how much money in the bank would someone need to have in their bank account to be considered successful?

@NorthAmerican-Trucking-News 3 ай бұрын

Success is subjective, so ultimately it depends on you!

@johnysilver1853 3 ай бұрын

Which is the most fuel efficient truck on the market now?

@truckerron 3 ай бұрын

I love the hood trucks!! I'm not married I have no kids and I don't own a house. People spend money on things they desire. Well, I desire a hooded truck! Some say, that's ridiculous. But if you want an ugly plastic truck so you can afford the standard BS life, then more power to ya! I'm not one of those. I'm single, staying single... and living a fabulous life where I don't have to answer to no one but myself. So, my spending monies go to the hood!! I live in my truck and love a hood. I don't care what anyone thinks about my truck because it is what "I" like love to run. A lot of typical standard living individuals just don't get it... because they are indoctrinated within the standard living arrangements. Good for them!! I care Less.

@NorthAmerican-Trucking-News 3 ай бұрын

Well, if that's your decision then we're not going to stop you!

@babbuvirk2447 3 ай бұрын

Consistency

@NorthAmerican-Trucking-News 3 ай бұрын

Definitely!

@javiervega4657 3 ай бұрын

Where is the link for the finance company

@NorthAmerican-Trucking-News 3 ай бұрын

www.ettransport.ca/commercial-equipment-financing-2/

@epnazlou 3 ай бұрын

What X/Y split means ?

@frankelse745 3 ай бұрын

Pourcentage of gross per load.

@Mr.Mister1234 3 ай бұрын

What trucks out there get 8 miles to the gallon?

@willparrish7646 3 ай бұрын

Most of them. Mine is a 2020 t680 non next gen and I get 8 easy with no apu.

@mikeleggiero2524 3 ай бұрын

Mine avg 8 most of the time could do 9 depending on load .

@brucemalcolm8401 3 ай бұрын

I have a 17 Freightliner and getting between 8.5 to 9 g/mile. It is doable, keep up with your pm and watch your speed.

@robbalinski1606 3 ай бұрын

My million mile peterbilt 367 (389 with a fiberglass hood) gets 8mpg if I'm light, not oversize and don't drive like a crazy maniac which I never have. Still hasn't beat my best truck tho, my 14 pete 388 with 600hp isx15 heavy spec loaded to 80,000lbs occasionally got 8's when the wind was on my side. But these new aero trucks are kill'n it now a days for sure, my parents new pete 579's been able to squeeze out over 10mpg loaded, its all about getting the correct spec truck for what your doing.

@NorthAmerican-Trucking-News 3 ай бұрын

You'd be surprised

@janalbertholwerda5954 3 ай бұрын

Hi Ronen. One thing left there... Let the money roll one direction. No fuelcard let eat your payment. And cheap maintenance, bite you in the ass😁

@moritaagishta6190 3 ай бұрын

Luck play big role in trucking business.

@dennisbibik3061 3 ай бұрын

@NorthAmerican-Trucking-News 3 ай бұрын

I won't lie... that's pretty dang true

@godson985 3 ай бұрын

@BarryWoodward-kg7rw 3 ай бұрын

🙏🏿🙏🏿💯💯😩😩💸💸

@NorthAmerican-Trucking-News 3 ай бұрын

Thanks for the support!

@Corleone_Napoleone 3 ай бұрын

A REAL owner/operator does NOT work for a company. 🎤 dropped.😉

@Sanhype 3 ай бұрын

If you work for a company and they lease you a truck to drive which is not finance in your name, then sorry you are not owner operator; you is an employee. You don’t own that vehicle. The company can take their truck back and fire you. True owner operators own their equipment. Whether it’s finance in their name or paid off and operates their own business. Stop fooling these drivers with wrong titles . They are lease operators.

@armaanqureshii 3 ай бұрын

Boycott TQL, its just destroying the load board and trucking business

@NorthAmerican-Trucking-News 3 ай бұрын

Honestly... not a bad move

@armaanqureshii 3 ай бұрын

@@NorthAmerican-Trucking-News yeah Ronnie we need to do something

@lifeisahighway1534 3 ай бұрын

I am first

@NorthAmerican-Trucking-News 3 ай бұрын

A medal for you! 🥇

@Lookatme5 3 ай бұрын

Your all videos are not motivating new peoples who wanted to join industry. You always try to let people hate trucking. Mega carriers always hate new small operators. You cannot come over whatsoever.

@truckerron 3 ай бұрын

And Volvo's are the ugliest pieces of junk on the road today. I wouldn't own one if you Gave it to me. I despise Volvo!!

@NorthAmerican-Trucking-News 3 ай бұрын

Gotta look beyond the aesthetic to the practicality of your vehicle if you want to make it in this industry