Best Investment in myself all year

U are going to have a hard time finding a company that will lease you on with no experience. There is some guys that have got their own authority without experience but end up paying 30k for insurance the first year. And most of them was running old trucks

 

Ok here I am reading this and trying not to scream at my iPad after putting in a 21 hour day.

Ok where is your money?

I too am an investor, some people think I'm an old mean prick but what I do beside running a fleet I buy distressed fleets and I have a lot to choose from lately.

So this may be a mean post but read it and listen to my advice.

Ok I see more potential in real estate (another sideline of mine), than I ever seen in trucking.

When someone tells me about awesome machines, I roll my eyes in derision because after dealing with this since the 70's, this angle hasn't changed.

Do you even have a clue how to buy a truck?

It isn't like buying a car?

You first have to get in your head that it is a tool. It isn't something you date or take to dinner, it isn't something you get emotionally attached to as many owners and drivers do. It is a truck, it is a tool and you do your due diligence to make sure the tool isn't going to crap out on you.

Then you have the business end of owning the truck, this is for the most part where it matters because most owners fail right here. All these people worrying about warantees and all of that is bs, what they should worry about is how much they need to have in reserve to cover the bills when (not if) the truck craps out on them. Insurance, truck payment, other bills will not stop coming just because the truck has.

I am well connected with dealers, manufacturers and shops, I have had to wait 6 weeks for a repair part or parts and that is 6 weeks the truck is off the road. I can afford it, others with one or two can't.

Ok yes there are a bunch of carriers around here but you are asking the wrong questions, you can't build a relationship without knowing the industry and knowing what you can bring to them.

You need to drive for someone for a few YEARS just to get an idea what segment you can tap into because you are looking locally.

I don't know, I can put a truck on the road within a week but then you are stepping into hiring which will take anywhere from a month to three months to find a driver in this area, it really sucks.

Being productive?

I give it maybe three to four months before you should be seeing a consistent profit as a fleet owner but then you are talking about local or regional work.

Ok if you think so.

The technology will just improve enough to squeeze out the driver.

 

What are you an investor in? How much money do you have liquid? How old are you? Where did you get this money?

You sound young and that’s ok. Believe me I’ve been there.

You ask a lot of conflicting questions like how long from buying a truck to finding a good company/ driver. Well, those are two totally separate things. Id talk to companies now and try to find a driver now. Try and put the horse before the cart instead of the cart before the horse.

It could take you as much as a couple months to find a driver. I advertise quite a bit and don’t get but maybe a couple calls per week. What sucks is you may find a driver and he bail in the first week, month, etc or not even show up to the first day. You have to be very selective and unfortunately you wouldn’t even know what to ask or look for. Most of the drivers who job hop, who are most likely to call you, are totally filled to the top with bs and you’ll inevitably eat it all up and think it sounds great. Potentially out of desperation to fill the seat, or just inexperience.

I won’t write a book. Carry on..

 

No, fuel will be more than both of those combined.

 

My wife (My office person) would freak out as the fuel bills would rise and I would do the same as the fuel bills fell.

 

And then in time, that very technology will fail and need repair that very few can comprehend.... Squeezing out the investor.