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.

    74 vote(s)
    50.7%

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

    14 vote(s)
    9.6%

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

    7 vote(s)
    4.8%

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

    23 vote(s)
    15.8%

  5. Owner op for life, ride or die!

    31 vote(s)
    21.2%

  6. Other: Retirement or something else. Explain

    13 vote(s)
    8.9%
Multiple votes are allowed.
Page 44 of 46
  1. Constant Learner

    Constant Learner Medium Load Member

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    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.
     
    Constant Learner, Nov 14, 2022
    #431
  2. AgPilot1

    AgPilot1 Light Load Member

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    I'm too new to know any better. I'm not seeing any problems with the rates or making money. Ignorance is Bliss!!!
     
    AgPilot1, Nov 14, 2022
    #432
    Jubal Early Times, Siinman, Oxbow and 1 other person Thank this.
  3. Jubal Early Times

    Jubal Early Times Road Train Member

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    Quick question. How long have you owned and operated a truck?
     
    Jubal Early Times, Nov 14, 2022
    #433
  4. rollin coal

    rollin coal Road Train Member

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    So if you need money for the truck it's there, basically a truck fund, gotcha...
     
    rollin coal, Nov 14, 2022
    #434
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  5. Constant Learner

    Constant Learner Medium Load Member

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    It's not separated, there's only one business account for everything, so there's no a truck fund.
     
    Constant Learner, Nov 14, 2022
    #435
  6. KrumpledTed

    KrumpledTed Medium Load Member

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    You’ll learn one day to not have all the eggs in one basket.
     
    KrumpledTed, Nov 14, 2022
    #436
  7. Beaver9

    Beaver9 Heavy Load Member

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    RIP
     
    Last edited: Nov 14, 2022
    Beaver9, Nov 14, 2022
    #437
  8. Constant Learner

    Constant Learner Medium Load Member

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    How should I lose my money?
     
    Constant Learner, Nov 14, 2022
    #438
  9. skallagrime

    skallagrime Road Train Member

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    Many people find a casino handier for that
     
    skallagrime, Nov 15, 2022
    #439
    dwells40 Thanks this.
  10. Rideandrepair

    Rideandrepair Road Train Member

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    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
    Rideandrepair, Nov 21, 2022
    #440
    lynchy, 77fib77, JonJon78 and 11 others Thank this.
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