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Thinking about a big career change, seeking guidance

Discussion in 'Experienced Truckers' Advice' started by basedinMN_, Apr 16, 2020.

Page 1 of 3
  1. Apr 16, 2020 #1
    basedinMN_

    basedinMN_ Medium Load Member

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    Jan 21, 2011
    St Paul, MN
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    Got my CDL 2 years ago and have been with one flatbed company since May 2018 doing local work, which I like. But, things are slowing down badly. I doubt I'll be laid off, but paychecks will shrink big time for the foreseeable future.

    The twin cities started a $2 billion, 14 mile light rail project last year. One of the dirt contractors on that project is running radio ads looking for owner ops. it seems like guaranteed work in a very uncertain time. But, I've never run my own business, never never owned a truck (I am NOT mechanical), and never pulled a side dump. Never used a wet kit even. I

    do have about 40K cash.

    Would I be nuts to jump into this? Or should I ride out the recession in my local flatbed company job.
     
    basedinMN_, Apr 16, 2020
    basedinMN_, Apr 16, 2020
    #1
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  3. Apr 16, 2020 #2
    JonJon78

    JonJon78 Road Train Member

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    Ride out the recession with your current job. I wouldn't even think about buying a truck with what's going on, I dont care who is promising what.
     
    JonJon78, Apr 16, 2020
    JonJon78, Apr 16, 2020
    #2
    jon69, TokyoJoe, CorsairFanboy and 10 others Thank this.
  4. Apr 16, 2020 #3
    BigDog Trucker

    BigDog Trucker Heavy Load Member

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    $2B for 14 miles of track. Good God.
     
    BigDog Trucker, Apr 16, 2020
    BigDog Trucker, Apr 16, 2020
    #3
    FoolsErrand, Linte_Loco and Rubber duck kw Thank this.
  5. Apr 16, 2020 #4
    Chinatown

    Chinatown Road Train Member

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    Aug 28, 2011
    Henderson, NV & Orient
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    Hendegaard Transport is hiring for FedEx Freight in St. Paul.
    Should be plenty of work now that people are ordering online vs. in-store shopping.
    3 day weekends/drop & hook
     
    Chinatown, Apr 16, 2020
    Chinatown, Apr 16, 2020
    #4
    Dennixx Thanks this.
  7. Apr 16, 2020 #5
    Rideandrepair

    Rideandrepair Road Train Member

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    Aug 8, 2015
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    There’s a lot of things that 40k could be used for. A retirement account for one. Run some scenarios on the Internet. Might be a much better return, than Trucking. Also the money will be protected against Bancruptcy. A real possibility in the Trucking Bussiness. All advice is strictly hindsight, 20/20.
     
    Rideandrepair, Apr 16, 2020
    Rideandrepair, Apr 16, 2020
    #5
    JonJon78 and Dino soar Thank this.
  8. Apr 16, 2020 #6
    Western flyer

    Western flyer Road Train Member

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    Keep your 40 grand.
    Then go work for one of those owner operators.
    If anything goes sideways, let them take the fall.
    You can walk away unscathed,with your 40 grand
    Still in the bank.
     
    Western flyer, Apr 16, 2020
    Western flyer, Apr 16, 2020
    #6
    FoolsErrand, JonJon78, sirhwy and 2 others Thank this.
  9. Apr 16, 2020 #7
    basedinMN_

    basedinMN_ Medium Load Member

    381
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    Jan 21, 2011
    St Paul, MN
    0
    Starting on Tuesday and finishing on Saturday isn't a 3 day weekend.

    I can count.
     
    basedinMN_, Apr 16, 2020
    basedinMN_, Apr 16, 2020
    #7
  10. Apr 16, 2020 #8
    basedinMN_

    basedinMN_ Medium Load Member

    381
    740
    Jan 21, 2011
    St Paul, MN
    0
    Delete
     
    basedinMN_, Apr 16, 2020
    basedinMN_, Apr 16, 2020
    #8
  11. Apr 16, 2020 #9
    Chinatown

    Chinatown Road Train Member

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    Aug 28, 2011
    Henderson, NV & Orient
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    You're welcome.
     
    Chinatown, Apr 16, 2020
    Chinatown, Apr 16, 2020
    #9
    LtlAnonymous Thanks this.
  12. Apr 16, 2020 #10
    LtlAnonymous

    LtlAnonymous Road Train Member

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    God, the nerve of you. Lol
     
    LtlAnonymous, Apr 16, 2020
    LtlAnonymous, Apr 16, 2020
    #10
    Chinatown Thanks this.
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