How Do You Become A Successful Owner-Operator?
An owner-operator is a truck driver who owns his own truck and hauls loads as an independent contractor for a company. The owner-operator has the ability to chose his own loads and manage his own schedule. However, he must run his operation as a business and be aware of many factors that affect the profitability of that business. Calculating fuel costs, expenses and other factors are just part of the owner-operator’s job. Step 1 First calculate your truck’s gas mileage using accurate data that you have collected while driving the truck. It is all right to estimate the gas mileage at first until you have data to compare the estimate with. Use this estimate as a basis for deciding whether a route is profitable. Break the estimate down into a cost-per-mile number, by dividing the cost of gas by the number of miles your truck travels. Step 2 Compare this number to the rate per mile that the contracting company is willing to pay. Multiply the amount by the number of miles in your route, and
