Help Before Bankruptcy

Discussion in 'Ask An Owner Operator' started by vandambaghdad, Sep 12, 2019.

  1. vandambaghdad

    vandambaghdad Bobtail Member

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    Hello , every one ....
    board pick my own deal with brokers myself is it good idea to save my business,
    I Start my own businesses last year leasing Volvo truck from dealer , i got detected load 3000 miles a week form trucking company , i was doing good for last 9 month, after that i lost that line , you will ask why?
    some trucking company pained cheaper so they got the load direct from (Chrysler) .
    i ask the company i work with to give me other detected lien or even open board .
    the answer was there is nothing !!!!
    i applied more then 10 company looking for work smellier 2500-3000 a week , no one have right now . i start think for getting load from board pick my own deal with brokers myself , but no idea how start doing that . any help from this forums will help me before i lose my business my credit i could lose my family too I do appreciate .

    god bless you all
     
    rank Thanks this.
  2. HillbillyDeluxeTruck

    HillbillyDeluxeTruck Road Train Member

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    Let me guess because of rates last year you thought "how hard could it be" to run your own truck and make the big dollars.

    Whats that payment on that Volvo? $2000/mo? $2500?

    How many years in the trucking industry do you have?
     
    rank, Opendeckin, xairx and 1 other person Thank this.
  3. vandambaghdad

    vandambaghdad Bobtail Member

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    Aug 3, 2019
    Windsor,On Canada
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    Hi HillbillyDeluxeTruck,
    Volvo monthly payment $1500/mo.
    5 Year trucking industry.
     
    jamespmack and Socal Xpress Thank this.
  4. tnevin225

    tnevin225 Heavy Load Member

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    Have you tried Landstar, Schnieder, J B Hunt 360,Mercer.There are a thousand companies out there looking for O/O. And if all else fails take the truck back and find a company job.
     
  5. vandambaghdad

    vandambaghdad Bobtail Member

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    Aug 3, 2019
    Windsor,On Canada
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    Non of this company have load running from Windsor Ontario , but i will try to call them and find out thank you
     
  6. HillbillyDeluxeTruck

    HillbillyDeluxeTruck Road Train Member

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    Well you have about 4yrs more experience that I figured you had, which is good. But if you have to ask how to start running your own freight after being a driver for 5yrs, then it might not be in your best interest to go that route. Being in Canada, I know its different than the US, but getting your own operating authority should not be a last ditch effort before you file bankruptcy, lose your truck, etc.
     
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  7. jamespmack

    jamespmack Road Train Member

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    Hell they dont, I know there is Windsor Land Star broker.

    Bad news is everyone is slow.
     
    Last edited: Sep 12, 2019
  8. jamespmack

    jamespmack Road Train Member

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  9. FoolsErrand

    FoolsErrand Heavy Load Member

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    Can you give the truck back to the dealership? If you tell them you lost your dedicated account and cannot pay for it they will probably let you out of the lease and take it back. It is cheaper than trying to find the truck and reposess it.

    If you do go bankrupt, the smaller your debts, the better. Having the truck off of your credit lines would help you to save some of your other assets.


    I think your english skills will be a problem in being under your own authority. There are many complex regulations and requirements you will need to be able to read, understand and comply with. I think It may be smarter for you to lease onto an honest MC# if you do want to stay in trucking. Someone that can understand all the details.

    I am not trying to pick on you. There is no way i could start a business in a foreign language.
     
    rabbiporkchop, dunchues and xairx Thank this.
  10. x1Heavy

    x1Heavy Road Train Member

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    Company drivers by and large have NO authority or standing to broker a load direct. That is strictly the company's area.

    Now if the OP is a owner operator with his own authority to book loads etc then why are we even here?

    The rest of it I'll leave to someone else. There was just enough English for me to comprehend just the broker thing. All the rest of it requires support higher than my pay grade. (Which is zip.)
     
    Intothesunset Thanks this.
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