Rates are garbage in Canada

This is why I never went on my own, it’s literally suicide!

 

I thought all the Canadian trucks were down here making money?

 

The majority of Canadian trucks can’t/won’t cross the boarder. That’s why the Can/US rates are good, and the Canada only rates are trash.

 

Its not that simple - running your own plates is work - but the good rates are from US-CAN - from CAN you make enough to get you to the US. For your business plan/model it may work that you are leased on with carriers - for some their business model is different.
Your lease pays you a standard $1.80 or maybe a bit more - obviously the company is making more that they are able to pay you that much ... do the math. And you will never be able to establish direct clients who do pay more. Loadlink is all brokers who quote after keeping their cut - not a good source to go by.

 

You are much, much better off to lease to a GOOD carrier nowadays.

 

Amen to that, my last buddy with is own numbers, decided to call it today. That's 12 guys in 5 years, done and over with.

 

Most were 1-2 truck outfits, all had their own trailers.

Biggest causes of them failing in no particular order
1) Insurance Costs
2) Fuel Costs
3) Brokers
4) Direct Customers that simply change their mind, and go with a cheaper options, no matter how good of a service you provide
5) Factoring (3% per month is, 36% annually)
6) Taking Reduced Rates for Quick Pay or Simply not getting paid
7) Leasing Equipment (You have to do and pay whatever they say)
8) Bison (If they want your work, they will take it)
9) Not factoring in downtime costs even when you have warranty
10) Using the Dealers for service, CIVP and non-warranty repairs
11) Hiring Drivers, and expecting them to work as hard as you did/do or give a #### at all
12) There is always a cheaper option than you
13) Not understanding back end costs (IFTA, Taxes, Accountants, Bookkeeping, Drug and Alcohol Compliance, CSA compliance, customs, etc etc etc).

 

Amen to that! The sad part is that they were all probably warned beforehand about how impossible it is to stay afloat in this economy. Nevertheless, they still went and bought these plates. Sometimes it is just a bad luck, but that's all it takes.... Why bother? It would be cheaper to just change the profession if you are young enough and have no other options. Big, big win in the long run..... Thousands did it and do it everyday.....
By the way, 3% monthly is still 3% annually - not 36%. Nevertheless, it is still a lot of money.