What happens to you guys during a recession?

I just started banking in Ukraine. Way lower requirements.

 

You must have some relatives working in beltway

 

Arrow flat bed company lawyers were very transparent about the son who took over when dad died. And ruined the 70 truck company. But what about the last three or companies?

I'm wondering if A one to three truck company can stay afloat why can't the medium ones. Who ever started this thread thank you

 

Running spot rates (freight) for me has been average to say the least. I believe things aren't going to get noticeably better anytime soon. We all know a pull back of some sort is waiting out there. My plan is to go back to the oil fields, stay local or more than likely sell the truck. The exit door might get a little crowded if I wait.

 

Insurance companies and DOT know that owner-operator takes better care of his /her equipment/authority and knows his equipment better than company driver with slip seat policy and drop&hook trailers.

 

The overhead costs for a 1 to 3 truck company are much lower then a larger company for starters.

 

Are you not profitable? If your planning on quitting then why wait? If your profitable I’d stick with it since we’re a good year to year and a half into the bad swing of the pendulum.

 

An old timer told me years ago if you want to make it in this business you have to go super big or stay super small. Anything else you just rack up lots of debt and eventually go under. When you look at the way things are ... He may have been right.

 

I got through the one in 2008.Still here.