I'm not sure where to put this. It's a conversation I had with an O/O this past wednesday, in McAllen TX.
Knowing how cut throat freight is in the valley in GOOD years. I questioned an O/O who was delivering to the same place I was. He lived in McAllen.
In a nutshell. It was his last load, he had sold his truck, owing only 5 payments. He had bought the truck new, and was basically giving it away at $13k.
Prior to this. He had lost his car and his house.
He stated he was done with trucking for good. And was simply going to try and put his life back together.
Another Owner Op Fails
Discussion in 'Road Stories' started by dancnoone, Jul 18, 2009.
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I hate to hear that...when the last O/O goes bankrupt...the ATA and all those companies rallying behind them (including the one I drive for) will be happy.
The only way to stand against them is to stand together but thats never been mentioned before has it? (sarcasm) -
Blowing an engine will put someone under. But in this case I really have to believe that either he insisted on running legal, or insisted on $2/mile freight.
Without a catastrophe there really wasn't a sound reason to go under that I can think of. Mistakes were made. -
You don't know what the payments were.
But to have lost everything, he must have not been working with the right attitude. -
Agreed on point 2.
On point 1 you can indirectly infer that 13K exceeds the value of 5 payments. He could have likely gotten 5k and someone to resume payments, and then rolled that into a cheaper truck. I dont' think that would have been hard to do at all. -
Thats a shame to "give up " or "give in" which way you look at it. Only 5 payments left...
simplyred1962 Thanks this. -
I've lost engines before...I think I'm still here.
I've been running legal for quite a long while now...I insist on it!
Everybody makes mistakes....I know I do but they have never put me out of business.
There was a guy on this site a few months ago that had a truck and trailer and had a driver on his truck and he was hauling very cheap freight 85/90 CPM. The guy contacted me and asked advice which I gave to him. I also told him that he was going broke and didn't know it 'cause of the cheap freight that he was hauling.
He didn't figure out what the problem was even though we had numerous conversations about it...He went out of business!
O/O TRUCKIN' AIN'T FOR EVERYBODY!simplyred1962 and Working Class Patriot Thank this. -
you really can't count a failure until the dirt nap as there really is only one thing and we all fail at it everything else is just a step along that road
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now i for one think that is terribel, i hate to see a man go out of business, loose his truck and all his time and money not to mention all the hopes and dreams that went along with it .
i wish him well and sincerly hope he recovers and makes it back out here.---southernpride -
Don't get me wrong...I think it's terrible too. But I think that at some point there has to be some personal responsibility here.
1. If money was that tight, he should have been driving the truck himself instead of paying a driver.
2. When he was steered towards a better way of doing things in order to get the better rates that he needed to survive...He didn't put much effort into it!
3. When presented with solutions to problems, He presented more problems as an excuse for not taking action.
Southernpride, I respect your opinions and always enjoy reading your posts and I believe that you and I agree that in order to make it in this industry you have to be resiliant and capable of making good decisions quickly.
There is no time for handwringing when times are tough!
As sad as it is to see a guy lose it all and close up shop it still comes down to...O/O TRUCKIN' AIN'T FOR EVERYBODY!!
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