Fuel cost is High, Does rates goes Up
Discussion in 'Ask An Owner Operator' started by trucker_lady80, Mar 4, 2022.
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Yes, I am on the sidelines debating rather to start my own trucking business now or later.
I am just trying to learn what to expect and how to adjust.
I am just thinking that is Fuel Cost goes up, Rates should go higher, right? Or am I wrong to think this way.
Thank you so much.bumper Jack Thanks this. -
I suggest waiting. We are long overdue for a market correction. Wait for it to bottom out and catch the next wave up.RefMata, Beaver9, LoneRanger and 2 others Thank this. -
Please excuse my ignorant questions I am just learning to plan
Question please:
1. What happens if I ask for more higher rate to meet my trucking business needs, and the broker says I can not meet the rate I am asking for?
2. From your experience, if cost of fuel goes up, have you noticed the rates being offered to you go Up, Down or Remain the same? This is an important question for me cause lets me know I need to prepare for such an scenario in the future.
Thank you kindly -
Yes may be best to wait.
How do you know when a bottom will occur or when to catch the next wave up?
Thank you, -
@trucker_lady80Don't be afraid to step up your game. bumper Jack said it best, it's all a negotiation, don't be afraid to ask for more. Everyone has different financial wants and needs, but like Gordon Gekko said, "Greed, for lack of a better word, is good"
Last edited: Mar 4, 2022
RefMata, Sirscrapntruckalot and bumper Jack Thank this. -
RefMata Thanks this.
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RefMata Thanks this.
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Short Fuse EOD, RefMata, God prefers Diesels and 3 others Thank this.
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First, read as many books on business as you can find.
Start saving as much money as you can now so when the time comes you can purchase a truck with cash.
Never sign a “lease purchase “ but its fine to “lease” onto an established company after you do the research on at least six different companies.
And definitely don’t do anything now. The economy is too unstable to even think about it.bumper Jack Thanks this.
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