@RDITrucking5 --
In post #11 above....you were oh-so right.
It's not easy.
With that said.....many of the best fleets out there are run/managed by people who are (or were) CDL drivers, also. They know and thoroughly understand the game--and what drivers face, daily. Thus--they make for far better "quarterbacks".
Also: I think a pretty good case could be made that whoever you later hire to drive for you...will respect you A LOT more as a leader/business owner....if they know you've had some good time in the driver's seat, as well.
And to that end...I offer to you the following:
Student - CFI (cfidrive.com)
.....and here's why I pointed you to the above carrier:
How 3 fleets recruit, retain and move women up the ranks | Transport Dive
As eluded to earlier, above....general freight right now is pretty much in a recession state. But if you drove with the above carrier--you'd very likely stay busy (it's a reefer fleet--food generally doesn't slow down, when all else does).
Been there, done that (reefer)....
-- L
Im female looking to get into the trucking industry
Discussion in 'Ask An Owner Operator' started by RDITrucking5, Jul 12, 2023.
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exhausted379 said: ↑If memory serves me right, Meadowlark is or was female owned. Might be a good place to start. I don't think she knew much about trucking either.Click to expand...
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TruckerPete1990 said: ↑gotta be a troll postClick to expand...Deere hunter Thanks this.
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Ridgeline said: ↑Seeing you replied to me, I will post something. I have to assume that you have zero trucking experience and want to be an arm chair owner.
I am going to provide feedback, but I want to know why would you do this.
See I don't want to sound like an ***** but there is a huge problem in this industry with people who are armchair owners. They end up driving rates down through desperation just to pay the bills, there are hundreds of drivers who are screwed over by these POS owners, so don't be one.
So ...
The first thing is the failure rate is 85 to 95% for new owners, owner operators and so on.
This isn't a number pulled out of thin air but it is established. Most failures are related to finance, the most are under capitalized but many have money mismanagment issues.
Second you should have a good amount of capital. The first one you pay is not yourself, not the bills but the driver, always the driver. If your truck craps out, then you can have up with money for three months of down time, not making that crap up, a few here have had nothing but trouble with accumilated downtime measured in months, you need to pay the bills so capital is needed for that. There are rather not too bright people I know who ran their company into the ground by using credit cards, it don't work.
Third the hardest thing to do is find a good driver who is willing to work with your to get established, I can tell you right now that it isn't easy at all. I get 100 applications for every driver I hire. I have gotten more relaxed than I was but still 1 to 100 ratio sucks. You don't want to hire just any driver, you need someone who is expeirnced, who is willing to teach you what you need to look for and how to do things.
Forth - how do you think we get our work? You going to be dependent on brokers? How about leasing to a carrier? a fallacy is you have a truck and trailer, you walk into a place, hand the logisitics manager a box of candy or some truck trinket and think you will get work out of them, you won't. even networking doesn't always work, many companies with consistent freight have performance measured and many transportation companies fail to help the company maintain the metrics that the logisitic staff need to maintain.
Fifth - you don't buy a truck like a car, the same goes for a trailer. the trick is to keep the risk of breakdown low or lower it. I won't get into maintaince of the truck, there are different ways to mitigate risk through preventive maintaince. However, you look at a truck as a tool, you have the tool checked for problems, I recomment a dyno with blowby, an Oil anaysis for all fluids, a complete ECM dump printed out on paper and an independent mechanic to go through the entire truck front to back and tell him to find problems with the truck. This could be as high as $3k now but it is cheaper than sitting on the side of the road with a breakdown and a $4k tow bill.
well that's it for now, i am tired, I spent the day chasing problems for a customer and now I am going to get lunch.Click to expand...
Wow, thank you for all this, I really appreciate honeslty and your time as well, I really appreciate your message. Thank you -
Just FYI, a company I used to work for was very forthcoming with their numbers. For every dollar of revenue they generated, 95¢ went to expenses and only 5¢ was profit. So as you start out this new journey, keep in mind that this is a high revenue / low margin business.
I'm not going to try to talk you out of this, but I'm just curious as to what made you choose trucking over other business ventures.wis bang, Opendeckin and AModelCat Thank this. -
RockinChair said: ↑Just FYI, a company I used to work for was very forthcoming with their numbers. For every dollar of revenue they generated, 95¢ went to expenses and only 5¢ was profit. So as you start out this new journey, keep in mind that this is a high revenue / low margin business.
I'm not going to try to talk you out of this, but I'm just curious as to what made you choose trucking over other business ventures.Click to expand...DRTDEVL and RockinChair Thank this. -
RDITrucking5 said: ↑Because my husbands a truck driver, and hes been considering purchasing a truck, but it gets a little more compllicated, where I would be the one purchasing since I have the better credit, so I am doing my research as best I know, he will be the driver, hes been driving for a few years already, and its somethign he loves to do. I would like to make it a family business, but I personally have been an employee myself, but close to retiring and join my husband but as owners. So I am trying to understand how the administrative process works. My husband knows everything about the driving OTR Cross Country. I had told my husband that if he was still driving when I retire, that I will join him but with our own truck on our own schedule. . some wishful thinking you might think. We live in America, where dreams come true. So I am just doing some research on my own. Thank you for asking.Click to expand...
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RDITrucking5 said: ↑Because my husbands a truck driver, and hes been considering purchasing a truck, but it gets a little more compllicated, where I would be the one purchasing since I have the better credit, so I am doing my research as best I know, he will be the driver, hes been driving for a few years already, and its somethign he loves to do. I would like to make it a family business, but I personally have been an employee myself, but close to retiring and join my husband but as owners. So I am trying to understand how the administrative process works. My husband knows everything about the driving OTR Cross Country. I had told my husband that if he was still driving when I retire, that I will join him but with our own truck on our own schedule. . some wishful thinking you might think. We live in America, where dreams come true. So I am just doing some research on my own. Thank you for asking.Click to expand...
Your husband drives now, but what does he ACTUALLY know on the mechanical end? Has he put some thought into what makes sense for the truck itself? Give us a target vehicle spec he/you is/are envisioning
You said dry van, van rates at present are terrible, is your husband pressuring you because hes not making money atm? Thats a red flag in and of itself.
Do you want to go fully independent and own the truck, trailer and the operating authority? Or do you want to buy a truck and lease onto a carrier with a flexible non-forced dispatch system? Or are you thinking lease-purchase? All 3 are valid but each is a very different ballgame
Do you see yourself riding along, or is this a team driving possibility? -
skallagrime said: ↑Different story entirely.
Your husband drives now, but what does he ACTUALLY know on the mechanical end? Has he put some thought into what makes sense for the truck itself? Give us a target vehicle spec he/you is/are envisioning
You said dry van, van rates at present are terrible, is your husband pressuring you because hes not making money atm? Thats a red flag in and of itself.
Do you want to go fully independent and own the truck, trailer and the operating authority? Or do you want to buy a truck and lease onto a carrier with a flexible non-forced dispatch system? Or are you thinking lease-purchase? All 3 are valid but each is a very different ballgame
Do you see yourself riding along, or is this a team driving possibility?Click to expand...
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