Alihassan4400. Posted on Sep 14, 2020
I want to invest in this business.
There has never been a better time to open and operate a trucking company than right now. Today due to many factors along with the availability of specialized information to you anywhere anytime thanks to the technology we all currently enjoy, you can learn lessons in hours, days, and weeks that took others months, years, and decades to learn and benefit from. Trucking can offer you more than you may ever imagine, especially as a successful fleet owner.
It is a business that can literally make you very wealthy in time - but ONLY IF you learn how to do it right and then actually go do it. This is not a get rich quick and easy without any effort while money magically fills your bank account kind of thing. It will take work and plenty of it. It will take informed and intelligent decision making on a consistent basis. It will require your dedication and patience along with a desire and ability to learn many new things and then go out and apply that knowledge. Too many failed trucking companies were started by drivers on a wing and a prayer and plenty of false assumptions. Many unfortunately believed that they would be successful fleet owners because they were successful drivers - some were even successful single truck owner-operators.
Recommend a platform where I learn and practice of this business
Is there like a platform where you can find jobs and stuff to move? Something i’ve been on for a long time.
Uship and you reverse bid on the contracts
The trucking industry has good years and bad years. What all trucks have in common is they break down.
Invest in a shop and a couple experienced diesel techs. If you can set up roadside diesel work, going rate in Chicago is $125 to $150/HR. Good mechanics cost roughly $25 to $35/hr.
If you are a truck owner, if you can get $2/mile that can come out to $130/HR on the interstate. Fuel cost you $25/HR on the interstate plus high insurance, wages to employee at roughly $36/HR, Expensive plates and licensing, trailer rental, etc...
i don't have any experience except i see truckers illegally parking close to where i live to save money on hotel and dump bodily fluids. i also hear you have to drive more than the legal distance and fudge your log books to make decent money
I think its the opposite. It's a lucrative job if you aren't a lazy dumbass and don't mind loneliness. Not trying to be an asshole but I ship about 2-3tons worth of equipment a week which is usually ~1-3 FTL's and I've seen some dumb people. I use a broker now and on the occasion I'll get a moron here and there but before that man I had people show up with nothing to secure the load, can't back into a dock, damage property/cars, don't follow simple instructions, call 10x trying to find us and having to send someone to lead them, getting stuck, had one guy jack knife in our parking lot, etc. I've sent so many drivers away even unloaded trucks after I saw how they handled my equipment.
On the other side I have two good friends who are both solo drivers who make six figures on bad years. All they do is show up and know what they're doing and people love it. One of them has a NASA contract since I've known him where they send him to grab weird loads. The other one is an AVL for a major defense company and gets a lot of work through them.
I just think its one of those jobs where you have to give somewhat of a shit you can't just phone it in. People say "who cares load it on the truck and insurance takes care of it" have never dealt with insurance or the ripple effects.