Rates in the toilet?

I bought a truck when I was younger and I failed. I had the sense to get out of it before it broke me. I drove for a small carrier for 8 years and watched and learned. We hauled building materials and I watched how we weathered 2008 and 9. I learned you can't do what everyone else is doing if you want to live through a downturn. Do something different. Offer a different service. Your 5th wheel works with many different trailers.

 

I mechanic-ed before this and have been looking at the toolbox again. I signed up at one of the local colleges as well.

 

http://www.wsj.com/articles/freight-index-slips-in-october-1447273114

 

We have the same option to self insure as they do. Nothing prevents any of us from doing that.

 

Well that's not entirely true. I mean if you have like an extra million bucks laying around you can self insure. Lol

 

Doesn't @double yellow self insure? I could've misread

 

The thing people seem to forget about a mega carrier self insuring is look at all the trucks/trailers a company like Swift totals out in the course of a year. I mean it's not as if they are getting a free ride by self insuring.

 

I'd love to hear that story! Him & Big Wiesel, I mean Diesel were so knowledgeable I figured they would be fantastically wealthy & retired by now. I was just hoping that they would continue to share that enormous wealth of information with peons like me.

 

I may be wrong, but I think it's fairly simple to self insure up to whatever amount you can put in a bank account or get a bond for, then you purchase an insurance policy for the amount in excess of that, up to whatever limit you want.

 

Even simpler, it doesn't even have to be cash assets, investor stock value and equity in real estate may be used. but in all actuality very few self insure anymore. They have a type of insurance which is similar having a huge deductible. The million in liability is nothing compared to what a jury will hand out when your driver broad sides a school bus.