Confused on what semi to buy

Who sounds like he came from somewhere on the other side of the world. Just what this industry needs more of.

 

I’d like to know what Insurance company quoted $13k on a new entrant.

 

I am trying to get some tips from you guys but most people here are mocking me. I wrote down my list of expenses for one truck to see how much it will cost. I have a dispatcher and an owner operator that will let me use his MC# to get more routes initially.

 

because you don’t have the slightest clue what you are in for yet you already have all the answers….

 

Can you tell me what is happening in the trucking industry? You are right I don’t know much. I just read articles and watched videos of people explaining the costs they had to pay like for licenses, plate, liability insurance, fuel tax, driver salary, fuel, parking, eld device, hotel room, truck accessories for flatbed, maintenance, random drug screenings and drug qualification report, HVUT tax, truck/trailer payment , payroll taxes, accountant fee, load board fee, and dispatcher fee.

 

This tells peopel who have been around a while a lot about your lack of understanding what it really takes.

This says it all.

Not mocking, we all read this all the time, maybe ten times in a month when there is a push from somewhere outside the industry to make the big bucks.

Yep it is really simple, READ CAREFULLY!!.

First, there is a 95% failure rate for new owner-operators in the country. There are a lot of reasons why, most are lack of work and lack of money management.

We are faced with an overcapacity of nearly 30% and it is not going down all the while the economy has been faltering in some segments while booming in others.

We have too many cheap owner-operators who will take sub-par rates just to keep the bills paid, and we do not have stringent brokerage regulations for transparency (which we won't do until this time next year). Shippers and Consignees are pulling back from moving freight as easily as they used to which in some respects makes sense if there is less freight to move.

All of this presents more of a problem than easy challenges to overcome by those who think it is as easy to get a truck and get work to make big bucks.

We have one thread going where the OP thinks he can get 50 trucks and it magically means money is rolling in, so I wish some of you guys get that we have seen a thousand schemes and ideas, while 99.999% of them do not work, the .001% that does is just plain luck.

 

A job making $10 000 per month stay with it mate that's good money why change?

 

If I get my own truck I can take a week off whenever I desire. I dont have expenses since I live with my family I don’t have to pay for bills not even the phone bill so I can afford to pay for other expenses like liability insurance and save for maintenance but I want to make some money too after a while so it seems worth it. If after a year it doesn’t make me any money I will just sell the truck.

 

Listen, we get this a lot and most of us just stop paying attention to w.e ur foolish idea is, buts it's 3 pages in and u seem determine.

Get a cdl.
Buy a truck
Get insurance
Apply for mc/dot
File all the paperwork, 2290, mc- 150(I forgot what's it's call)
Plates n tags
Permits
Subscribe to a load board
Boom so ez

Please update us.... In 2 days and tell us how much insurance was.

 

Our dispatcher let us use his CDL license to get an estimate from two companies. I am using my brother’s corporation since we are partners and he been driving a box truck for 4 years to transport food. We wanted to see how much it cost to add a driver with CDL to his insurance plan and both companies estimated at $13k-$15k a year max for $1 million auto and $100k cargo with no deductible. I hope we get this since it will save us so much money.

 

You need to used whoever the driver is to the insurance, ur dispatcher quote would be different than yourself.