Truck Load Rates Halt 8 Week Slide 2.0

I’m sorry to the haters but I’m making more money then I have in my whole life. Hell, I may sell out and retire. Why not? A local big company called yesterday wanting to buy me out.

Should I stay or should I go? My wife, son, and I having been building our dream home since Sept of last year. Sometimes the daily grind of problems is a pretty big burden. However, what the hell would I do then?

 

Standard Oil wants to buy you out?
I am afraid that this whole small carrier transportation business may slowly retire like the ferry business on Hudson river. Systematically, taken apart by mega carriers and the cheap contract labor. The rest will be done by the inevitable cut throat competition. I just hope that there will be still room for me for at least another decade and a half.

 

@Midwest Trucker you are not 65, are you? Only those over 60 want to sell...
Fleet and Brokerage is a powerful combination and it seems that whatever you have done so far was done well and correct. You are young and flexible, you can adapt and adjust, too.

 

Oh I’m sure guys like you and I will be just fine. Trucking has been going on for 100+ years. Not gonna stop anytime soon even for little guys like us.

It was flattering for me is all. The company has around 100 trucks and a brokerage. To be a little guy and be noticed is nice.

I have about (removed) in equipment and owe about (removed). Put profit on top of that for a few years it just got me thinkin! If anything it makes me want to work harder.

Sorry for the edit, probably shared too much.

 

Thanks man, yeah I’m 36 but my gray hair and blood pressure shows that of Some 50+ yr olds. Joking/not joking.

 

Sell it, finish the house, enjoy some time off. In the next downturn buy equipment cheap from repo yards and start all over. Will not take long to get back where you are at now, since you are not selling the knowledge and experience

 

Do it, and then plot and scheme until the day that your noncompete expires and open up shop and make it work all over again.

 

Bottom line?

Buy low, sell high. If they are offering money based on current HIGH valuations, sell. Secure your family’s financial future, permanently

There will be a downturn, and with some bad luck like a health episode, it could take you down.

If the money is right, take it, invest it, decompress for a while, and then start something else. Guys like you aren’t defined by their jobs, they are defined by their ability to make stuff happen.

Once someone says “ but then what would I do?”, it signals to me that they see themselves as a worker bee first, and only then husband and father, and so on down the line. I think family should come first, and work second.

 

I appreciate all of the nice comments and insight guys. It means a lot.

I kinda laughed off the idea yesterday but I’m actually giving it some real thought right now. Sort of surprising myself tbh.