Closing up shop or thinking about it? The latest…

Discussion in 'Ask An Owner Operator' started by Midwest Trucker, Oct 21, 2023.

What is your current status as a carrier or owner op?

  1. I’ve sold out already or plan to soon as things are too bad.

    13.1%
  2. Thank God I’m a company driver as y’all are crazy.

    17.9%
  3. Honestly, I have no idea at this point.

    16.7%
  4. Screw it, I’m fixing to buy a truck and haul freight.

    3.6%
  5. Full steam ahead. Nothing has changed.

    52.4%
Multiple votes are allowed.
  1. Midwest Trucker

    Midwest Trucker Road Train Member

    5,892
    21,255
    Aug 31, 2018
    0
    It’s been nearly a year since the last thread. Let’s get new data and all the latest happenings..

    Things are ok here. We’ve lost probably 40% of our revenue compared to 2022 which was a record year by far. However, 2022 was 100% increase over 2021. So, still doing fine but conditions suck for sure. Slowly those gravy train runs that you’ve done for years get scarce or go away. It’s still not easy by any means to hire good safe drivers who are willing to work hard. So, the core of your group that kicks ###, better be well taken care of.

    Maybe by summer of 24 the ship will have returned from her long sail?
     
    PPLC, InTooDeep, ducnut and 13 others Thank this.
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  3. Accidental Trucker

    Accidental Trucker Road Train Member

    3,358
    7,380
    Jun 4, 2015
    0
    Current expansion is going well, nearly at full capacity. Adding delivery truck (class 6) in January. Paying down debt. Starting to draw up plans for the next expansion -- just making a good faith leap we'll be able to find people to fill the seats on the bus, lol. Like you, people is what makes or breaks us.
     
    PPLC, 77fib77, ducnut and 5 others Thank this.
  4. blairandgretchen

    blairandgretchen Road Train Member

    13,377
    71,914
    Dec 9, 2011
    South west Missouri
    0
    Hey there - you've been absent. Hope all is well.

    I picked the closest option in your poll. I was looking for a "Things have been cruddy, but we're still chugging along, and not buying any new toys"

    So I went for "honestly no idea"

    Lining up for the 3rd lowest year revenue wise in 9 years running, and echo the gravy trains that dry up or go away.

    Just a one truck chuck - but that's me so far this year.
     
    W923, PPLC, Geronimo17 and 16 others Thank this.
  5. bzinger

    bzinger Road Train Member

    16,613
    65,929
    Dec 10, 2014
    omaha , ne
    0
    Nothing to do with money or the carrier im leased to and couldn't be happier! I'll be 60 next month and just tired of the BS and the don't give a flip attitude of today's driver .
    As of today I listed my truck for sale and I'm done .
     
  6. blairandgretchen

    blairandgretchen Road Train Member

    13,377
    71,914
    Dec 9, 2011
    South west Missouri
    0
    You did not just say that, and NO - you can't do that, and NO, you have to remain here and . . .

    REALLY? I can't do this by myself. You gotta help out.

    Well, you're 12 years my senior, so I can't blame you at all.

    What's next in the journey?
     
    tscottme, PPLC, TheLoadOut and 8 others Thank this.
  7. Arctic_fox

    Arctic_fox Experienced mx13 execrator

    4,074
    21,138
    Sep 16, 2016
    0
    Trucks nearly paid off, 80% of my debt personal and business is gone and paid save my few student loans which are under 20k now. Im caught up on taxes. Im about to drop a new transmission into my rig as the first step of 3 to turn my plastic oval into an actual steriotypical load ### coal burning pete. Trucks in good solid mechanical shape. I have a positive maintaince account and while the wolves are howling in the woods they aint at my door anymore.

    Loads are slowing down yes. But they are returning to the pre insanity of the last few years and are about 60% above my worst case budget from when i started. And the rates are still well above my CPM. So full steam for now. Subject to change of course, but full steam.
     
    W923, PPLC, Oxbow and 11 others Thank this.
  8. KrumpledTed

    KrumpledTed Medium Load Member

    485
    1,463
    May 6, 2022
    0
    Not wide open at the moment, but not idling either. New truck should be ready end of next week so I’ll be down a few days getting all that squared away.

    My main squeeze is at a crawl right now and probably will be until after Christmas. But there’s always cows to taxi, so I may do that for a bit of the fall run. As far as flatbed freight in my area, some weeks it’s chickens and other weeks it’s feathers. So about normal.

    I imagine it’ll be slow up until 2025. I just can’t see anything ramping up in an election year, but never say never…
     
    PPLC, Oxbow, 77fib77 and 9 others Thank this.
  9. rollin coal

    rollin coal Road Train Member

    13,287
    26,798
    Mar 29, 2008
    TN
    0
    I got a good job back in July with good benefits. I had some really good years as an o/o but I wish I had gotten this same job 10+ years ago instead buying a truck.
     
    Bud A., jason6541, PPLC and 15 others Thank this.
  10. Kenworth6969

    Kenworth6969 Road Train Member

    2,767
    7,978
    Jul 3, 2020
    0
  11. JoeyJunk

    JoeyJunk Road Train Member

    8,763
    68,032
    Dec 31, 2010
    Washington, PA
    0
    Wasn’t expecting to read this!!
     
    PPLC, TheLoadOut, austinmike and 9 others Thank this.
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