Owner Operator Guide: Starting Your Trucking Business

Becoming an Owner Operator

Owner operators can earn $150,000-$300,000+ gross annually, but success requires business skills and careful planning.

Startup Costs

• Used Truck: $30,000 - $80,000
• New Truck: $120,000 - $180,000
• Insurance: $12,000 - $20,000/year
• Operating Authority: $300 - $500
• Permits and Licenses: $1,000 - $3,000

Key Requirements

• Valid CDL with good driving record
• 2+ years of OTR experience recommended
• MC Number (operating authority)
• DOT Number
• Insurance ($1M liability minimum)

Finding Loads

• Load boards (DAT, Truckstop.com)
• Direct shipper relationships
• Freight brokers
• Dispatch services

Tips for Success

1. Keep detailed records of all expenses
2. Save for taxes quarterly
3. Maintain your equipment properly
4. Build relationships with brokers
5. Negotiate every load