Looking to start Transportation business, any advices?
Discussion in 'Canadian Truckers Forum' started by bluetransport, Nov 5, 2019.
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I have been running independently for almost 3 years, mostly Toronto to Montreal and money is still out there just harder to find. As a new company, not many brokers will be willing to work with you. Therefore, here is my offer:
Invest $50,000 in a pre-construction home next year.
Keep $30,000 on the side
Give me $20,000 in exchange for my business that comes with:
1. Paid off trailer worth around $10,000 easily
2. All the running authorities (clean CVOR and great insurance)
3. A small customer list that will still pay you decent money on loads (LTL and TL)
4. You take over the lease payment on my Volvo. 15 more months of payments left.
ELD is coming next year and rates are anticipated to increase. If you don't like the work, in 15 months, you can sell the truck and get back what you paid me + more.
Win win.
I want to get out. -
Bit sad to read this. You really have tried hard and it's a shame it's got you down.
OP, you should read previous posts by haider99 while you rush to take him up on a very nice offer. From memory he is an accountant who turned to this industry for similar reasons to yours, and with no experience either. While he's made a stack of costly mistakes he keeps getting up off the canvas again and again and personally I wish you had a business you valued at a price that reflects better the effort you've put into it.
Keep kissing frogs haider99, one day one will turn out to be a handsome prince like you deserve. -
Also, I dont like the industry. -
This shortfall caused by drivers permanently leaving the industry, has led to mass immigration (supported by the Liberal Government). At no fault of their own, these "new-Canadians" only want to work but are exploited by huge carriers to work for pre-1990 wages. These guilty carriers produce cut-throat rates within the industry and the frontline victim accommodating these bankrupt-level wages, are overwhelmingly "new-Canadians".
So... if you believe you can compete against these giants of transportation, you're dreaming.magoo68, Canucklehead and not4hire Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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