September 13, 2024

Becoming an owner-operator is the dream of many truckers. Owning and running your own rig comes with freedom and a sense of pride – but also significant responsibility and risk. Navigating these requires careful planning and the support of others in the industry. As a company owned and run by truckers, C&M Transport offers insight into how to become a successful owner-operator.Make Connections in the IndustryWhether you are a new driver just stretching your legs or a seasoned road veteran with thousands of miles under your belt, you can’t underestimate the value of connections. Communicating with others in the industry is vital for success as an owner-operator. This profession is all about experience, after all. By sharing stories, you can learn from other people’s insights and mistakes. Your connections will also forge a support system that may prove vital when spending long days on the road.Don’t just chat with other drivers – build relationships with potential clients, as well. These businesses can help you identify new opportunities you might otherwise have missed. Meanwhile, you’ll solidify your reputation as a reliable partner. If the company has another transport job, they’ll be more likely to call you.Track Your ExpensesWhen tracking finances as an owner-operator, it’s easy to keep your eyes on the prize: your profits. While adding up the dough, don’t forget to keep careful stock of your expenses, as well. Payments made on the road may appear inconsequential. Even seemingly minor costs, however, can quickly add up. To avoid unpleasant financial surprises, be sure to budget for:Diesel fuelOil changesRepairsInsurancePermit feesRoad tollsMealsPersonal needsTo keep expenses to a minimum, consider working with a company like C&M Transport. We pay for all diesel fuel, maintenance, permit fees, and more. With the major expenses covered, owner-operators can stay focused on maximizing their profits.Minimize Deadhead MilesDeadheading is a concern for all drivers. As an independent owner-operator, you’ll be responsible for choosing your own loads. This is a great way to boost profits while driving where and when you want to. If you aren’t careful, however, it can be easy to add up deadhead miles and all their downsides:Losing potential profits by driving for no or reduced payRacking up additional fuel and maintenance expensesPutting yourself and your rig in danger by driving an empty trailerOne method to reduce deadheading is to plan ahead. By carefully selecting and routing your loads, you can make sure to have a pick-up arranged near every drop-off – assuming you make deliveries on time. If this sounds overwhelming, you can find a reliable company to do the planning for you. C&M Transport utilizes route tracking technology to ensure low deadhead miles for our drivers.Choose a Reliable PartnerEvery owner-operator has the opportunity to choose whether to work independently or contract with a truckload and special services carrier. Running your own company can be appealing, but also risky. Slow payments make it difficult to cover expenses, and one bad break can ruin your career.Partnering with a carrier is an excellent way to mitigate these risks. Truckload and special services carriers like C&M Transport support their drivers covering major expenses and planning delivery routes. We have no forced dispatch, and our guaranteed accurate settlements help you secure payment when you need it. We give you the freedom to focus on what you love most about this job: getting deliveries to customers safely and efficiently.Contact UsDiscover More Owner-Operator TipsIf you’re an owner-operator looking for a reliable partner, look no further than C&M Transport. We have 17 locations across the nation offering everything from long-haul jobs to local milk runs, and we support our drivers with numerous employee benefits and an open-door policy. Contact us to find out how to become a successful owner-operator by joining our team, or apply now to get started.

September 13, 2024

How to Be Successful as an Owner-Operator