Looking for up-to-date info on starting a new business

Buy new equipment, hire an experienced driver only (no exceptions ) . There is plenty of money to be made by working Central Dispatch but it takes a lot of time, not a few hours here and there. I've been working it more and more as the regular auction to dealer freight I usually haul is pretty slow right now. With these lying ### elogs, running 2 trucks , home every weekend, still average over 8 a week per truck. I would think long and hard about what kind of additional stress you're willing to take on. It sounds easy til you actually do it. 2018 truck and trailer driver 20 plus years experience , insurance 1400 per month includes 500k cargo. 2015 truck and trailer 25 yr exp, driver 1200 same coverage.
You've got the right idea only to haul profitable loads but your driver will not like to sit and wait. Just my 2 cents. Good luck

 

Don't start with a 8-10 car... If you have that much to invest start smaller and hold onto as much cash as possible... It's gonna be tough to start with such a big setup...

 

If your just going to be an investor, I wouldn't recommend starting a trucking business. To many lawsuits waiting to happen if the person driving your truck is careless. I would pick a business you have an interest in already such as a hobby your already involved in and have knowledge that will keep your interest. Just my 2c.

 

A thirty or 40 grand stinger will nickel, dime and dollar you. I hope you have a very trustworthy shop to fix it and a very patient driver to put up with all of the headaches associated with an older, likely worn out truck and trailer.

 

I think its will be extremely hard to find experienced driver for that truck. Ask yourself why driver choose to drive your old truck with loads from CD vs driving new truck for some well established company? Good luck

 

I entered the business the very same way you're describing coming in, through a friend. The very BIG difference though is that "I" was the driver. I could depend upon me. I could count on me. And you're expecting to find someone to be the "me" for you, a VERY TOUGH order to fill. AND, I came into the business when things were very different than they are today. Currently, you have EVERYTHING working against you. Maintenance is going to eat you alive in an older rig. Fuel is going back up. Rates are still in the toilet. Your insurance as a new entrant is going to be extremely costly. And you want to find a driver to run up and down the road thousands upon thousands of miles per month in an old truck just to make a decent wage.

There are guys on here with MANY more years of experience than me telling you to stay away from this industry because the battles you will face are not small, nor easy, nor fun. So unless you just looking for a place to show a lose, listen to us. And there are certainly less stressful was to lose money.

 

I believe your cost per mile
Is way out of line. With a stinger that can be bought for that amount you will have significant down time and repair cost. If a truck can gross 1500 per day and that is the low end. And is down 3 days a month which is all on the Low end for repairs and maintenance. Add the 4500 in loss revenue to the repair cost and you have the payment for a new stinger. Between the high miles and worn equipment you will have nothing more than a money pit. The down time will also piss off any driver worth a ####. Money can be made easier on a running truck than a down truck. Your numbers are unrealistic. I’m not trying to discourage you. I’m sharing my experience.

 

Cost vs revenue
(2)truck and trailer $25k-$40k
Equipment only... Still need op authority and insurance and ect.....
Not brand new equipment but fair equipment... Definitely not junk.... 3 car trailer...
Revenue depends on your area or route you run or don't run.... But GROSS varies... But ballpark figure $130k +/-
That's 2 trucks with vacation, break downs, resets and ect.... Now I know a gentleman who has a 3 car enclosed who does almost twice as much revenue but equipment is as well twice as much... Insurance is higher as well.... But it's your call... Just have a backup