What are the primary reasons that the failure rates for new trucking companies are 85-90% in both the 1st & 2nd years? I have a feeling it has to do with a lack of cash leading to bankruptcy, and if that is the case, would having a primary job providing around 100k be enough to circumvent that (Not bad management, accidents/bad luck)? Thanks
Main Reasons for High Initial Failure Rates
Discussion in 'Ask An Owner Operator' started by ElijahJohn1, Jul 10, 2019.
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1. Knowing what your overhead is
2. Keeping left door closed & don't haul cheap freight.
Just a few
Also about having a cash influx from another source will only burn thru that money. The truck needs to be profitable.Cattleman84, Rideandrepair, TripleSix and 5 others Thank this. -
I would tell you what I think. However, I got to wait for wife to get home to tell me what I think.
TomGodin, Cattleman84, kimbosa and 19 others Thank this. -
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Rideandrepair, Dino soar, buddyd157 and 9 others Thank this.
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Your trucking venture will demand immediate attention at times. You'll either focus on that and put your day job at risk, or focus on the day job while your trucking venture robs you blind.KB3MMX, Rideandrepair, haycarter and 11 others Thank this. -
If you want a good experienced driver to work for you, then be prepared to pay them $75 - $80K per year on a W - 2. Plus benefits, bonuses, retirement package and paid vacation. Good Drivers already have jobs!KB3MMX, Cattleman84, QuietStorm and 15 others Thank this. -
No modern truck is profitable after warranty is done, repairs will bankrupt you unless you can repair modern systems.
You want experienced drivers not cry baby's own eld exempt outlaw trucks.
Haul freight that pays for more than fuel costs.
A driver that can't keep a truck clean is not worth hiring.tommymonza, KB3MMX, FlaSwampRat and 2 others Thank this. -
Intothesunset Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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