Lost Revenue due to Pandemic...

Discussion in 'Ask An Owner Operator' started by Beaver9, Apr 5, 2021.

  1. Beaver9

    Beaver9 Light Load Member

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    I just wonder if everyone already rebounded? Or your business permanently lost some of it.

    This is my second year. I survived my first year because I had one customer who kept me going when everything shut down. The guy lowered my rate which he was supposedly bring it up. That did not happen. I'm staying since it's my second year and things are unknown.

    But I do NOT have any backhaul loads for the lanes I am running. I used to have them. After the shut down they are pretty much gone unless one wants to haul over 40,000 lbs. Fuel went up in the meantime.

    Before anyone jumps into conclusions by saying to change lanes, I have to stay where I am since I need some predictability when paying off my loans, at least to the end of this year.

    Did you loose your regular lanes?
     
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  3. ibcalm19

    ibcalm19 Heavy Load Member

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    The plant I was hauling Aluminum out of. They were hit hard went from 24/7 to two 8 hours shifts & no weekend. I shifted in February to hauling water just before it happened last March. It was a blessing from God. They came back but a few companies that use to pull out of there didn't come back.
     
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  4. jaxtrucker

    jaxtrucker Bobtail Member

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    Car hauling business has been good. I've got buddies that do intermodal/drayage that are staying super busy. Plenty of work out there my friend
     
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  5. Beaver9

    Beaver9 Light Load Member

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    So, there are just a few up there that aren't so lucky.

    Some are stuck so it seems.
     
  6. Midwest Trucker

    Midwest Trucker Road Train Member

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    My company made more profit in 2020 then in any prior 12 years. This has been a wild last 12 months to say the least.
     
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  7. DUNE-T

    DUNE-T Road Train Member

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    Detroit, MI
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    I think I already told you in a different thread, you are making a mistake doing what you do. Everybody else made way more money post vs pre lockdown besides you. Being scared of unknown does you no good. Its like having a ####ty 9-5 job for $10hr and afraid of leaving, because you are comfortable and got used to it.
     
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  8. MysticHZ

    MysticHZ Road Train Member

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    This ... It's there nature of business. Adapt or die.
     
  9. Beaver9

    Beaver9 Light Load Member

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    That predictability helped me survive. But I might be doing it wrong. With so many loans, I am hesitant, I admit. I guess the loyalties are non existent in this business. And one needs to jump.
     
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  10. Ruthless

    Ruthless Road Train Member

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    Loyalty to self. That comes first.
    If you barely made money in the height of the best rates, ever: When rates fall you’ll be losing what you now have anyway.
     
  11. TallJoe

    TallJoe Road Train Member

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    The pandemic effected rates last year in April - May and half of June maybe. 2,5 months - that's it. I am sure, everybody rebounded by the end of August of 2020. Ever since, everybody on the spot market has been making more money than ever before. We'll see how much longer it will continue. One thing for sure, it won't last forever. With current lead times of 8 - 12 months for a new truck or trailer, we might expect a massive bust.

    It is better not to assume your loyalty to paid back with their loyalty. Even the megas can lose their contracts, customers and lanes. Not uncommon for certain carriers to bribe - one way or another - shipping directors to win bids for their accounts. I'd like to have long term stability and predictability too but for one truck and and trailer guy that's too much to ask.
     
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