is it worth to sell?

You can suspend your authority.

 

But it’s like starting over when you reinstate it. Unless you’re hauling direct freight, brokers treat you like you just fell off the turnip truck as do insurance companies.

 

………
at the risk of sounding like an ### hole-
If 30 years in you ain’t got anybody but random brokers to work with; prolly ought to be selling out anyway/

 

I’ve hauled 2 brokered loads thus far this year. However I would never gear up and acquire assets without the ability to haul spot freight if needed. Eggs in one basket sort of thing. I’m not too proud to use a load board to find backhauls.

 

I understand, but if the trucks are not running, you still have to pay insurance, which we all know isn't cheap. If you have built relationships with brokers, they shouldn't hold that against you.

 

I think I will park my truck, voluntarily suspend my authority, go run a Cat motor grader for a year or so and when I get sick of working for someone else…. I’ll just run under @Ruthless ’s authority so I don’t have to pay “new entrant” insurance premiums when I resume operations!

 

direct customers tend not to ask “how old is your authority?”
They tend to ask for a w9 and “do you have insurance?” A “yes” generally suffices

 

Not true. People call it that but it's not what's happening. Ask me how I know.

'voluntary revocation', as they call it, is just giving it up. Start it again and you have to start everything again, including your rep with brokers if you work with them.

 

My buddy decided to park his in ‘23 because of the slow down. Reinstated a year ago……21k annually for insurance! It doubled!