You guys got me thinking twice about investing in a trucking company, I better stick with my Real Estate Appraisal Company.
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Interstate or Roadrunner?
Discussion in 'Lease Purchase Trucking Forum' started by Alhousseny Gamby, Dec 9, 2016.
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Should have bought USA truck stock three months ago it's up like 50 percent in the last three months better return then babysitting a driver
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Overhead much lower, I've been doing my research for the last 6 months on this trucking business, and Idk, it's bitter /sweet, depending on who you talk to. Some small fleet owners are happy and some are depressed, and want to get out. I'mean still doing my homework from the sideline,
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You have to really know the business to make money managing driver's as a small operator if not you can lose your arse fast ....and it will make you crazy I have a friend with six trucks and his own shop i.be seen the level of stress it brings and it is quite a task to find and keep driver's it will Rob far more time and joy from your life than you are accounting for
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I begining to see, at first I was just looking at it from an investment stand point, like hmm, make a corporation, buy a decent used truck for like $50,000, with a nice warranty like (Platinum 2000, ), find a Carrier to lease it on to, hire a driver, and after expenses maybe clear like $500 week, based on the numbers that I was given from Interstate O/O side. I looked at it like Buying a house for $50,000, and being able to rent it out for $500 a week, which is equivalent to $2000 monthly or $24,000 a year, not a bad return on 50,000,
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Biggest problem with Mercer is the added overhead. Trailer, plates, tolls and Mercer charges about 17% more for collision insurance. Those costs suck up any additional revenue I could make and then some.
I'd like Mercer to be a viable option. But for what I do, it doesn't break even. Much less provide enough additional profit to make it worthwhile.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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