Can one Survive with loadboard

Discussion in 'Canadian Truckers Forum' started by Melvin Morrison, Jul 17, 2020.

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  1. bryan21384

    bryan21384 Road Train Member

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    This thread should be good.......contracts drying up and a lack of diversification can kill any business. Hopefully one of the aforementioned suggestions help out....good luck!
     
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  3. jamespmack

    jamespmack Road Train Member

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    Not true in every situation. Bout one truck, one trailer on hand shake and word. Even drove a brand new pickup 4 weeks with no loan paperwork what so ever.

    It can be done.
     
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  4. DUNE-T

    DUNE-T Road Train Member

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    So you just walked into a dealership and walked away with a $150k truck on a handshake?
     
  5. Melvin Morrison

    Melvin Morrison Bobtail Member

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    You are so correct sir. You know exactly what you are talking about
    It can be done.
     
    Last edited by a moderator: Jul 18, 2020
    Reason for edit: Fixed quote
  6. jamespmack

    jamespmack Road Train Member

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    Well going back on poor choices now with her having ownership is kinda mute point.

    Moving forward you need to get in a truck yourself first. Second a employee.

    Find any company you can lease on. One that covers all expenses for a %. I would not be greedy, your in a bad spot.

    What type of freight are you looking to haul. Or what do you have the most experience with.

    This is not good situation to be in.
     
    Melvin Morrison Thanks this.
  7. D.Tibbitt

    D.Tibbitt Road Train Member

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    Do u have flatbed experience. ? My company will have u in orientation next week. We can keep u moving and making money
     
  8. jamespmack

    jamespmack Road Train Member

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    Nope. Bought a used truck from a private seller. Cheap. On my word. My first semi. Bank financed.

    I did buy a 38k trailer and call my banker to tell him I wrote a 38k check and it needs covered. I would see him on Tuesday. I didnt have the cash.

    I did drive a 31k pickup in 05 for 4 weeks till we got together for the loan. Had title in my name till I gave it to them. Paid for it with a bank check (banks money) . I did not have 31k in my account to be clear.

    Find a financial institution and build a reputation with them. Best advise I ever have got. Small to medium size.


    Also scattered a engine on a old used truck while making payments. They were hesitant this time. I explained that I always make my obligations. You loan me the money or you now own a truck with a blown motor! If you forclose, plan on getting the house I have financed with you too. I have other properties. Now this move is not for fainthearted.

    I had no choice, but it worked out. You negotiate with a bank, not accept.
     
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  9. Melvin Morrison

    Melvin Morrison Bobtail Member

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    Planning on doing step decks
     
    jamespmack Thanks this.
  10. jamespmack

    jamespmack Road Train Member

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    In no order. US based Carriers with CAD ops. But if you need revenue I'd take any open positions. Including van



    Ats
    Monson-Monson
    Admiral Merchants
    Landstar
    Atlas
     
  11. bzinger

    bzinger Road Train Member

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    The auction lots are jam packed with equipment once owned by the dreamers of 17 and 18.
     
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