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Freight Volume during COVID19

Discussion in 'Ask An Owner Operator' started by ajp201, May 2, 2020.

Page 1 of 5
  1. May 2, 2020 #1
    ajp201

    ajp201 Light Load Member

    150
    162
    Jul 22, 2018
    0
    How is freight right now? I’m assuming lower than normal. I’m planning on becoming an OO but thinking it’s too risky right now and I should wait but the other part of me is saying JUST DO IT. Any insight will help. Thanks.
     
    ajp201, May 2, 2020
    ajp201, May 2, 2020
    #1
    Midwest Trucker Thanks this.
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  3. May 2, 2020 #2
    Opendeckin

    Opendeckin Medium Load Member

    495
    1,381
    May 20, 2018
    0
    You will not survive on the spot market right now. Unless you have essential contract freight I'd wait.
     
    Opendeckin, May 2, 2020
    Opendeckin, May 2, 2020
    #2
    ajp201 and Midwest Trucker Thank this.
  4. May 2, 2020 #3
    xsetra

    xsetra Road Train Member

    5,195
    7,146
    Aug 21, 2011
    0
    If you survive this slow down. You will prosper until retirement.
     
    xsetra, May 2, 2020
    xsetra, May 2, 2020
    #3
    Brettj3876, ajp201, magoo68 and 1 other person Thank this.
  5. May 2, 2020 #4
    Midwest Trucker

    Midwest Trucker Road Train Member

    5,914
    21,388
    Aug 31, 2018
    0
    Smart man. Right now is beyond terrible due to many many factors.

    Research all you can now and start following the used truck market. If you do this right, you can come out ahead. In the next 3 to 6 months you can buy a truck for next to nothing from some guy gone broke, then hit the upswing in rates while freight comes back but capacity still is out of the market. Win/win.
     
    Midwest Trucker, May 2, 2020
    Midwest Trucker, May 2, 2020
    #4
    Scooter HBG and ajp201 Thank this.
  6. May 2, 2020 #6
    ajp201

    ajp201 Light Load Member

    150
    162
    Jul 22, 2018
    0
    I don’t have the money saved up to buy my own, am probably doing a Lease Purchase through a company. I’ve done my due diligence , they seem pretty legit. Even they said they “can’t guarantee” freight if I started now and to think of coming in as a company driver first but I’ve been a company driver for two years and am ready to take the next step.
     
    ajp201, May 2, 2020
    ajp201, May 2, 2020
    #6
  7. May 2, 2020 #6
    Final Drive

    Final Drive Road Train Member

    1,573
    2,505
    Jan 21, 2015
    0
    Op
    Don't know if your SERIOUS..
     
    Final Drive, May 2, 2020
    Final Drive, May 2, 2020
    #6
  8. May 2, 2020 #7
    JonJon78

    JonJon78 Road Train Member

    7,239
    43,002
    Jul 1, 2018
    0
    Sounds like you have your mind made up... Let us know how it turns out.
     
    JonJon78, May 2, 2020
    JonJon78, May 2, 2020
    #7
    4mer trucker, bryan21384, Tropsnart and 3 others Thank this.
  9. May 2, 2020 #8
    Scooter HBG

    Scooter HBG Light Load Member

    66
    65
    Apr 16, 2020
    0
    Best possible advice you could get. You couldn't PAY FOR better, more accurate and sound advice but it's not what you probably want to hear.
    As others wrote, you sound like your mind is decided on going in the direction you've described.
     
    Scooter HBG, May 2, 2020
    Scooter HBG, May 2, 2020
    #8
    Midwest Trucker Thanks this.
  10. May 2, 2020 #9
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,976
    47,913
    Jan 13, 2013
    SW Arkansas
    0
    Get a company driver job with a good company and save up until you can buy a truck. Lease/purchases seldom end well. Don't think that you are going to be the one guy that succeeds. Odds are heavily against you. When you lease from the same company you run for, you are doing nothing but buying a job. Except you won't make as much.
     
    kemosabi49, May 2, 2020
    kemosabi49, May 2, 2020
    #9
    brian991219 Thanks this.
  11. May 2, 2020 #10
    jeffman164

    jeffman164 Medium Load Member

    630
    587
    Dec 4, 2012
    0
    Wait. Need I say more ?
     
    jeffman164, May 2, 2020
    jeffman164, May 2, 2020
    #10
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