Is shortening a semi frame a big deal?
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Good luck with it. Do you think you'll make enough as a 2 car to be worthwhile? I can tell you I'm still set up as 2 car/freight because I've never been able to get my trailer modded and it's a struggle to keep moving in the $2/range with just 2 cars and I can do 2 trucks.
I have a good relationship with a few good brokers that almost every week set me up with $3+ a mile for 3 units. I can easily get $2 a mile with 2 units and even single large units.
This semi opens up all my options.
I can make $1,000 a day locally/regionally in the northeast hauling 1-2 units at a time and be home everyday or everyother day. I can also run inside NYC and long island pretty easily with a 40 foot truck as that's the size of the city busses that run here. (My truck isn't legal length to run in nyc even thoughI do sometimes) I can also tow a 25 foot trailer if I need a third unit and load the trailer on the truck when running empty. There are also 2 car stacker trailers and even maybe an enclosed trailer I can always pull.
I can always sell the bed and reinstall the fifth wheel to run power only or any type of trailer.
Best of all I finally will be comfortable.
I refused the loan in the end. The numbers weren't worth it. I cashed out one of my bitcoins I bought back in 2017 and have the rest in cash. Once my truck and trailer sells I'll rebuy the bitcoin I sold and keep the rest for a rainy day.crocky Thanks this.
So apart from temp bobtail insurance and temp permits I just need to log the drive back right?
Paper logs are ok for this? Can I use my keep trucking app to log this trip without being connected to the truck instead of Paper?
Should I put a not for hire sign on the truck? Do I need my dot and company on the truck for this trip?
I'm new to the trucking world, and been working on getting myself both educated and financially positioned to run hotshot for the last 7 months. Following the old "2 ears and 1 mouth" saying, I've done lots of reading and no posting on this forum trying to soak up as much information possible before jumping into the business. I've read every page of the "So you want to hotshot" thread, and re-read some of it more than once.
@24kHotshot I've read alot of your posts, and you seem to manage your finances well by minimizing your risk by thoroughly planning and analyzing your moves before you make them. I'm not questioning your decision here, just trying to make sure I understand why you're doing it. I read your explanation to crocky from yesterday, but I still don't understand the financial benefit of buying the semi (helluva nice truck btw!) I'm guessing my lack of knowledge and experience is the reason.
This is from the "So you want to hotshot" thread
- You paid $80K for your truck and trailer combo
- You expect the truck to get 3 years/300,000 miles
- You said in another post in that thread you might be able to get out of the hole in a year or less (that was maybe 1.5 - 2 yrs ago?)
- You're currently running a 3 car hauler trailer
- Truck and trailer are paid off or close to it ***I'm just assuming here***
- You have established broker relationships getting you around $1/mile per car
- You run locally/regionally and can be home most nights (I assume you're doing that already with truck & trailer)
Again, I'm not questioning your decision, just trying to figure out what I'm missing and/or don't understand about it. And, I may be misinterpreting some of your posts along with making incorrect assumptions. You're already able to run regionally at $3.00/mile, with 3 cars on your trailer that is paid for, towed by your truck that is paid for, and has another year of service left in it, and be able to be home most nights.
What is the financial benefit of liquidating an appreciating asset (bitcoin), thus effectively going back into the hole (since you plan on buying it again when you have the money), to buy a semi with a sleeper, then buying a custom car hauling bed, that only allows you to haul 2 units at a time? I get that it will be more comfortable and it makes dealing with NYC alot easier. But it sounds like you're taking a substantial gross income paycut.
Can the 22 foot trailer be towed when you have 2 units loaded on the car hauler bed?
I can understand the semi opening up options to haul bigger trailers with more weight. Is this a longer term play? I'm assuming yes. Maybe a stepping stone to getting a 6 car hauler trailer?
How easy or hard is it to swap out the car hauler bed with a 5th wheel? If it's easy and something you can do on your own, then I can see that giving you a big amount of versatility.
Congrats on the truck! It looks really nice. Thanks for posting so much. I'm sure there's plenty other guys reading this forum trying to educate themselves on this industry, and be able to make informed decisions.
I'm based out of nyc and my truck isn't really legal here and very hard to drive anywhere but the major roads. I do not run my truck regionally because 3 cars takes sometimes half a work day just to drive around and gather them. I do pick up some cars here and head out straight away usually towards Indiana, Illinois and Oklahoma to get my $3 a mile and return with $2 a mile. I average 2.40-2.60 all miles. I am out for 4-5 days a week.
I want to run regionally NYC, PA,NJ,CT,OH and VA. Shorter miles pay more per mile and I can get them done quicker. I have been following the loadboards closely for about a year to see if I can make the same amount of money with 2 cars running nearby.
Yes the truck can haul a 25 foot trailer with or without a load on the bed.
It is a longer term play. I can practically do any type of trucking with this truck. I hate car trailers that have 2 floors. I'm slightly afraid of heights lol.
I might pickup a 5 car sun country if I decide to keep the truck as is. Maybe shorten it a bit if I go this way.
I can probably get the bed off the truck with the help of a friend, a few jacks and an impact gun.
My main issue with my truck is comfort. I get cooked in the summer and frozen in the winter. The bed is slightly short. There isn't much room for anything and the ride is rough. You will always be overweight on the drive axle so I upgraded to 19.5 wheels and installed airbags. I can't do much else to make it better. Even though my truck and trailer together are rated for 38k I rarely go over 33k and my truck is actually fitted with the tow package unlike most other hotshot trucks I see running around.
I never ever do a reset while in the truck. I did it a couple of times and 34 hours in a pickup truck gets very old very fast. I don't idle my truck. I have 400 idle hours out of 3000 total. I won't spend money on a hotel. It adds up quickly and hard to find hotels/motels that have room to park a 65+ foot vehicle.
I was warned by truckers when I started that I should get a class 8 instead of the ram and I didn't listen.
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