Starting My First Trucking Company....

Onetruckpony,

Hey man, you are not discouraging me, you are speaking wisdom and I can't express my gratitude enough.

From what was told to me from the director of operations at the mud company, he went over a normal load haul down last week:

The rig was 50 miles out. The normal trucking company left the warehouse and arrived on scene in an hour and 15 minutes, standby was 1 hour, unload was 45 minutes. They loaded up the forklift and left.

Total time out from warehouse was roughly 3 hours. Yes you are correct, me leaving my house and getting to the warehouse and back home will be more like 3.5 hours total to 4 hours. So roughly 8 hours of work for two runs = somewhere around $2200.00

$2200.00 - 10% that the mud company keeps, -fuel at around $110.00 leaves me with around $1650.00 in my pocket. So lets say that I do two runs a day for 6 days = 9900.00/week. Thats if I only do two runs a day. I have plans of hiring another individual already that I have meet here, with several others close to me who want to get in. If I get a few more leases going that I feel can provide good customer service to our clients, then 80/20 split will be contracted.

But for the first month at 9900/week, I am praying I can get enough back before a major breakdown. I will still be incurring my normal pay at my regular job of 6600.00 monthly. If I can get 15 grand set back for maintence I will feel just alittle bit safer. I would like to get my breakdown or emergency fund to 20k as soon as possible.

Once I feel secure, I will quite my normal job and start doing more loads. My wife is on board with the pretense to get OUT OF DEBT. It takes sacrifice, but the saying goes, sacrifice alittle for a short time to meet a long term goal.

 

Danny,

As I have stated before, your advice is priceless, thank you.


Ok, no log book then, good deal.

Just got off the phone with the administration, he told me that he wouldnt require to carry more then 32-34000lbs of mud with my forklift on board. He did say they have a few clients with forklifts on site that may help unload, but the specific client that he wants taken care of does not. So me having a forklift on board is a must.

Without the forklift he said I can carry 45,000lbs of mud.

As for the flat rate of 1000.00. He gave me a price sheet, the loads START at 1060.00 for a 50 mile run. Since this specific client has their rigs within 50 miles, thats how far most of my runs will be. If I decided to carry more for further distance the pay increases all the way up to 3500.00 a load traveling 250 miles. He pays for anything over 24,000 lbs with the variables listed on my price sheet.

 

Thank you for the information.

 

Forty,

You bring a very valid point. It very well can be. I might just do that this weekend. I will update you.

 

Thank you!