Is trucking profitable?

I know several one-man operations that are doing just fine.

 

I'm a 1-man operation and I'm doing GREAT.

3 days on / 4 days off. I'm lazy.

 

People make

 

anything is possible

 

I'm a 1 man as well and I could haul 1 load and be doing great... there is 1 customer I haul for that 1 load pays $4200.00 so yea one man is great, but I would enjoy having more than 1 truck.. just my opinion

 

Thanks for the unvarnished TRUTH. I really wish all these supposed "rich" O/O would stop plugging up the Youtube channels with their snapshots of $15K months...or, at least, give a full disclosure of what the true costs are to generate that $15K/month. Having run my own business for 14-years (not trucking), I'm always amazed at the number of hands that are in my pocket...constantly! Just when you think you have earned a little $ for yourself, it disappears...usually to some branch of government that has decided you are indebted to them. Thanks so much for a reality check!

 

I'm not sure a strong stock performance is likely to translate into any real benefits for the guys actually doing the work. If the trucking industry is anything like the industry that I work in (communications), there is tons of money going to the top, but very little trickles down to the little guys that are doing the work. The company I work for as a contractor generated almost a billion $ in free cash flow last quarter, but couldn't "afford" to pay their employees a measly 2% bonus because they didn't quite meet the projected target revenue for last year. Oh...and for the past 5-years during which I was an employee, we just didn't quite make the target numbers...but we were "oh-so-close" each year. Just missed it by "that much". I'm not the brightest light in the room, but it seems like the guys setting these targets (the company), and the accounting practices used by the big-boys, guarantee that you'll never meet the target. I suspect the big boys in the trucking industry probably work on the same type of business model. As a result, assuming that because they have a strong run on the stock market will translate into lots of trickle-down money to drivers and/or O/O who actually make them the money may be wishful thinking. In a perfect world, companies would seek to reward their employees to let them benefit from the success of the company, but then there is that little vice called greed.

 

I have to ask this, how can anyone ENJOY one more truck when the work is more than doubled to manage the truck?

 

Well idk maybe I'm different than most men. I enjoy a challenge and I would enjoy having multiple trucks. It's not hard to take care of mine. Just cant drive it like a race car .

 

Yes pd off my debt in 1 yr