Closing up shop, or thinking about it?

Discussion in 'Ask An Owner Operator' started by Midwest Trucker, Aug 28, 2022.

What’s your situation in todays trucking climate?

  1. Still in business and plan to keep going.

    50.7%
  2. Still in business but it’s touch and go, we’ll see.

    9.6%
  3. I sold out, just couldn’t make it work anymore

    4.8%
  4. I’m a company driver, and glad I didn’t make the jump

    15.8%
  5. Owner op for life, ride or die!

    21.2%
  6. Other: Retirement or something else. Explain

    8.9%
Multiple votes are allowed.
  1. Constant Learner

    Constant Learner Medium Load Member

    657
    1,014
    Jul 19, 2011
    The Moon
    0
    I am treating my revenue as a gambling revenue, so I try to save as much as I can.
    That's why I don't need a truck fund.
     
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  3. AgPilot1

    AgPilot1 Light Load Member

    201
    1,047
    May 29, 2022
    0
    I'm too new to know any better. I'm not seeing any problems with the rates or making money. Ignorance is Bliss!!!
     
  4. Jubal Early Times

    Jubal Early Times Road Train Member

    3,069
    20,582
    Oct 17, 2022
    0
    Quick question. How long have you owned and operated a truck?
     
  5. rollin coal

    rollin coal Road Train Member

    13,184
    26,352
    Mar 29, 2008
    TN
    0
    So if you need money for the truck it's there, basically a truck fund, gotcha...
     
    Rideandrepair, lester, SL3406 and 2 others Thank this.
  6. Constant Learner

    Constant Learner Medium Load Member

    657
    1,014
    Jul 19, 2011
    The Moon
    0
    It's not separated, there's only one business account for everything, so there's no a truck fund.
     
  7. KrumpledTed

    KrumpledTed Medium Load Member

    485
    1,463
    May 6, 2022
    0
    You’ll learn one day to not have all the eggs in one basket.
     
  8. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    RIP
     
    Last edited: Nov 14, 2022
  9. Constant Learner

    Constant Learner Medium Load Member

    657
    1,014
    Jul 19, 2011
    The Moon
    0
  10. skallagrime

    skallagrime Road Train Member

    3,846
    9,907
    Apr 10, 2012
    Indiana
    0
    Many people find a casino handier for that
     
    dwells40 Thanks this.
  11. Rideandrepair

    Rideandrepair Road Train Member

    17,270
    56,048
    Aug 8, 2015
    0
    The last 2 weeks are the worst I’ve had since 2012. Seriously thinking about selling the Truck and Trailer. I’ve always done everything possible to avoid what I considered failure. I’m not so sure it’s worth all the effort anymore. It’s just too much risk for not enough reward. I’m seriously looking at other things to invest my time into. It’s all about time these days. Too much of my time devoted to Trucking. I could work a 60 hr. 5 day week, or even one solid steady job, and a take it or leave it side gig and do better, with less time invested. This is starting to be a waste of my time (life).
     
    Last edited: Nov 21, 2022
    lynchy, 77fib77, JonJon78 and 11 others Thank this.
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