If truckers were in the restaurant business.
“I’ve been selling burgers and fries for a couple years. It’s been going decent and now I’m thinking about expanding an also having a breakfast menu.”
“But you don’t know what people sell breakfast for. If you start doing that you won’t charge the correct amount and you’re going to ruin serving breakfast for the rest of us.”
If people want to maintain multiple trailers then who cares? It’s their money, nobody else’s. If they go try something and lose money then who cares? One person doesn’t “ruin” a market. If people are going to say that someone getting a different trailer is going to mess everything up then why aren’t they also saying that people should stay in their home area because they won’t know what to charge in a new area?
So I guess the takeaway here from everyone who knows best is that you pick your trailer when you start trucking and that’s all you get. Everyone better choose smart because you’re going to be stuck with it.
Have you / Will you diversify to stay in business?
Discussion in 'Ask An Owner Operator' started by bonder45, Aug 29, 2022.
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loudtom, larry2903, Dave_in_AZ and 8 others Thank this.
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i’ll let people like you sit home & go broke while i keep my business profitable.bonder45, TallJoe, Czar_Zero and 1 other person Thank this. -
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blairandgretchen, D.Tibbitt, JoeyJunk and 3 others Thank this.
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I don’t kill my truck, normally i run loaded one way & empty the other. Now if the opportunity presents itself to run loaded both ways i will, more often than not i find myself loaded one way. This is easier on my equipment & saves money on that fuel bill.D.Tibbitt, Badmon and ProfessionalNoticer Thank this. -
Adapt or die is what I’ve always embraced.
I don’t really want to post public what all my companies capabilities are but it’s many and can make money in good times and the not so good.
Sometimes that’s just enough time you need to help bridge the gap to when things are back on the good side again.Siinman, blairandgretchen, D.Tibbitt and 1 other person Thank this. -
We run mostly local and short regional. We don't use brokers. Our customer base is solid but we know that can change too. We never take our customers for granted.
A couple of years ago we got completely out of the dry vans and reefers. They stayed busy but when you looked at the bottom line the profit margin was terrible. A lot of times the drivers made more money than the owners.
The only dependable flatbed work out of this area is lumber and it's basically the same as van work...lots of hard running and very little money. We kept one flatbed to support our RGNs....crane booms, counter weights, tires, stuff like that...and hauling culvert and bridge material for our road construction jobs.
We concentrate on a few local customers for our pneumatics and fuel tankers. Our rock trucks and RGNs stay busy on our own stuff but we'll haul for other people that we've hauled for before. We don't take any work from companies we don't know or stuff that's too far out of our area.
The way we do things limits our potential for growth. We know that and we're okay with it. At one time this company was a lot bigger but it was bleeding money from all the things that nobody seemed to have time to really check out. We trimmed off the waste and I think we made a good decision. Even now with this recession, or whatever they're calling it this week, our income is about the same as last year.
One of the founders is 90 something years old. He still stops by once in awhile. He's seen many many of these up and down cycles and survived them. His advice? Buy good trucks and keep them up, hire good people and pay them well, don't waste time feeling sorry for yourself, and don't chase dollars just because you can. That way of doing business made him a millionaire.PBEtrucking, xsetra, blairandgretchen and 6 others Thank this. -
Sounds to me .. if you to have to have that many different trailers to turn a profit you must be having to run alot of miles or hauling cheap .. maybe both .
Sounds like you 1 of those followers I mentioned in my 1st postLast edited by a moderator: Aug 30, 2022
exhausted379 and Oxbow Thank this. -
I sure don't
If you read the last 2 lines of my 1st post you'll see that I don't care
I find find it amusing that people got butt hurt over my post
I have 3 extra trailers sitting in my yard .. 2 of them are strictly used as a courtesy for some of my long time customers.. I sure don't depend on 2 of those trailers to make my living .. the other trailer customers request for certain loads they have
I also don't jump around from.end dump to flat bed to reefer. To dry van chasing the all mighty dollar either
I stay strictly in a certain sector of the industryLast edited by a moderator: Aug 30, 2022
exhausted379, Oxbow, JoeyJunk and 1 other person Thank this.
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