Double Yellow's Company Driver to Independent Thread

Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.

  1. double yellow

    double yellow Road Train Member

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    It goes back to having adequate capital so you aren't forced into making -$EV decisions in the name of cashflow.

    Things to keep in mind:

    January & February rates are ~15% below average
    Highway accident rates increase ~12% in January-February
    Aerodynamic drag increases ~4% in Jan-Feb (lower temps/denser air)
    Winter blend diesel has ~4% less energy
    Idle time goes up in winter.
    Winter is my least favorite time to work.

    Costs go up, revenue goes down, enjoyment goes down -- why not cut back?


    Yep -- or at least something for less than its true cost. Until I found this loophole, I'd just planned on joining that large group of healthy young adults opting to just pay the tax rather than subsidize others' higher cost healthcare.

    Even with the loophole, I'm still paying more than the $50/month I paid for similar catastrophic medical overage in 2008-2009. But you just have to make the best decision you can with the currently available information...
     
    Last edited: Feb 11, 2015
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  3. Victor_V

    Victor_V Road Train Member

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    -$EV = Expected Value in Dollar Terms

    Maybe Bright One needs to start a Poker Tournament Strategy for Truckers thread here... preferably in the King's English!

    No doubt, if he does, I'll still have to Google his darn esoteric references...

    Do I have this Bright-One-speak translated correctly??
     
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  4. RedForeman

    RedForeman Momentum Conservationist

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    No, you're deliberately missing the point Victor. The name calling and political sidetracks really speak more to some axe you have to grind with DY or business owners in general, and don't add anything of merit here. The Politics forum might be a better fit.
     
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  5. double yellow

    double yellow Road Train Member

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    Close -- just missed the negative sign. Good article breaking down the $EV of tonight's powerball: http://www.businessinsider.com/powerball-expected-value-2015-2

    Vic and I have a running banter -- he's like the socialist uncle I always wanted ;)

    Speaking of, didja ever finish Atlas Shrugged, Vic?
     
    Last edited: Feb 11, 2015
  6. Skate-Board

    Skate-Board Road Train Member

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    I've been buying a lottery ticket for the drawing every week for as long as I can remember. I buy 2 months at a time. If I win nothing will change, I will still continue to truck.


    NOT
     
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  7. Victor_V

    Victor_V Road Train Member

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    Listened to the Intro (Atlas Shrugged, 36th Edition or some such). Do plan to listen to the whole thing, thx. Not that it'll change my mind any. Not a socialist, either. Just a confirmed 'knee jerk liberal.' Unimpressed by Ayn Rand's simplistic world view of producers and leaches. Ugh!!

    That means, knowing that a stitch-in-time really does save 9 and not too cheap to pay today to not have to pay more at some future tomorrow. Like getting folks into healthcare today to avoid the higher cost and very dire consequences down the road without.

    No objection to Bright One figuring the best way to navigate the system!

    I would expect nothing less...
     
  8. double yellow

    double yellow Road Train Member

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    Quick little update on McKay Transcold, the broker that went out of business before paying me $4750:

    McKay filed for Chapter 7 Bankruptcy in late December, listing only a handful of office supplies as assets -- not even enough to cover the cost of the bankruptcy trustee. Pacific Financial will begin releasing funds from the bond in March and their last communique seemed to suggest I may well be recovering something. Because I may get something, I'm holding off additional collection activity against the shipper until I know how large the shortfall so I know how much to attempt to collect.


    Boring stuff aside, what has me tweaked is a recent series of letters from the trustee announcing two sales of computers to one Randy McKay. Guy runs his business into the ground and then gets a discount on computers for his next venture? F that... I presume said computers contain customer contacts and contracts so I'm throwing it out there -- that rolodex possibility should make it a good gamble for another brokerage or maybe even a reefer fleet:


    Bankruptcy Trustee:

    Nauni Jo Manty
    Manty & Associates, P.A.
    510 First Ave. N, Suite 305
    Minneapolis, MN 55403
    (612) 465-0990

    Otherwise, the sales will be completed Feb 26-27...
     
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  9. krazman

    krazman Light Load Member

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    Great thread .
    Now since all this is far too much for my ADD riddled brain to compute with any reasonable expectation of not going bankrupt and ruining my life ... Is there a service I can subscribe to that would take care of the whole buying truck etc... for me and also all the other crap that comes along with being an OO ? I would rather pay for the service than guess on my own .
    I was thinking of buying a truck maybe in the 60K range( 1500.00 month) and leasing a grain trailer ( 1000.00 month ). I can get work I think in the 150 to 200K a year range and run local . I think I could save money on your 30K working capital range by buying a newer truck and by running basically just in Ks & Ok.
     
  10. wore out

    wore out Numbered Classic

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    Take it from a grain hauler don't do it right now. It's as bad as I have ever seen it in 17 years
     
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  11. vikingswen

    vikingswen Road Train Member

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    It amazes me how screwed up the laws are. A friend of mine told me about a contractor that pulled this stunt. The contractor run his business into the ground mortgaged his laydown yard to the max, he sold or hit the good stuff and filed for bankruptcy. The bank takes over the leftovers and bring an auctioneer in to sell what is left. The auction is in Whitehorse, YT so it is not a hot spot and trucking will cost a fortune. He shows up and buys some equipment at pennies on the Dollar and also buys his old laydown yard back at a cheaper rate than when he bought it the first time. Now he is back in business got rid off all his old debt, got his property back at a cheaper price and back to making money.
    When I grew up in Germany people always said after you gone bankrupt three times with your business you should have enough money stashed away so you would not have to work another day in your life. I don't know how people look in the mirror, but I am a firm believer in karma and what goes around comes around.
     
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