Any insight?

Discussion in 'Ask An Owner Operator' started by dirthaller, Oct 11, 2018.

  1. dirthaller

    dirthaller Road Train Member

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    I’ve been an owner operator for 20 years now. I do my own dispatch, broker packets, rate confirmations, IFTA filing, invoicing, bill collection, maintenance and everything else you can think of.
    My question is: why the sudden market for active “clean” MC numbers?
    Seems like most of the “Trucker Classified” forum is filled with people buying/selling MC numbers.
    I saw a local ad today, here in Utah, guy had a trucking company for sale $50,000 worth of assets, asking 10 times that for the business. For what, clear blue sky and an MC #?
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    No idea for sure.

    On the small low cost side it’s guys probably wanting to save 20k+ on insurance in that first year or two.

    On the larger scale for sale, it’s probably people ready to get out and know there are guys with more money then sense out there. All you need is one sucker.
     
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  4. dirthaller

    dirthaller Road Train Member

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    I don’t remember struggling to get too many brokers to let me haul for them when I first started. I was approved with Landstar, CHR, Mercer etc. pretty early on.
    I currently pay $20k for 2 years insurance premiums. Half of which is comp/collision on a 2014/2013 tractor trailer.
     
  5. Rubber duck kw

    Rubber duck kw Road Train Member

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    I don't understand how selling an authority is even legal.
     
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  6. dirthaller

    dirthaller Road Train Member

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    Kinda defeats the purpose of having it to begin with it seems.
     
  7. Rubber duck kw

    Rubber duck kw Road Train Member

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    Yea, pretty much.
     
  8. Midwest Trucker

    Midwest Trucker Road Train Member

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    Reading around here I’m seeing guys paying $25,000 for one truck and trailer for just one year. Some can’t even get insured. If this problem continues to worsen the MC market will get HOT HOT!

    I’d say you have noticed an early trend. If it was a stock I’d be buying right now.
     
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  9. SteveScott

    SteveScott Road Train Member

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    A lot of new MC's have trouble getting brokers to book loads with them for the first year. That on top of the high cost of insurance probably makes them think they're sitting on a gold mine. They're not.
     
  10. BlackBearBallistics

    BlackBearBallistics Bobtail Member

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    dirthaller That sounds awesome being independent. I have saved enough to buy my own truck and flat and I am going to make the jump over to owner operator myself. I have some buddies that are o/o and been at it a while but they lease their trucks on with outfits and I think i would much rather do like you are and be independent. I was wondering... someone like yourself that has all the experience in this; is it indeed more profitable to run independently rather than leasing on with a company. Thank you for your time my friend an if you do have any advice it would certainly be appreciated.
     
  11. dirthaller

    dirthaller Road Train Member

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    Not necessarily. If it were all about money, I could do alot better doing something else. I like the total independence of the way I do it. I have a buddy leased to Landstar on a dedicated gig that grosses twice what I do but he has to work when they tell him or he looses the gig. He’s gone for 3 weeks at a time and never has Christmas and Thanksgiving off in the same year.
     
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