Deregulation specifics

I misclicked. Delete this if you want. Lol

 

Before deregulation Having an Authority to operate as a Motor Carrier had Enormous value.You just didn't decide to start a trucking company

 

Let's see.
Very specific on what you could haul.
Where you could go
The route you took
Took years to get authority, if you even could

 

But payment for transportation was due in 7 days. If not you could report them to the ICC. They paid you or they shut them down. You could be a owner OP with a equipment lease to a union carrier. Them guys had no problem grossing well over 100k in the 1970's not accounting for inflation.

 

I can tell you this much, my Father made .31 cpm, pulling doubles in 1980, He made .30 cpm, the last year He Drove, 1998. You do the adjusting for inflation.New Caddy in 1980, $12 k tops, 1998, 24 k maybe? Same with housing,$35k vs $70 k

 

15, not 7. 377.203 7 was HHG

 

10,000 dollars was a hell of a lot of money in the 70's But relatively easy to get to if you were enjoying a good income.

If I chose to eat catfood (Paraphrasing) for the year I can probably save 6000. But a proper CTS or equivalent is going to need about a decade of that saving.

 

You could still buy your own truck and lease to other carriers. Then there was trip leases too.