New company

Discussion in 'Ask An Owner Operator' started by Texasrig, Apr 20, 2022.

  1. Texasrig

    Texasrig Light Load Member

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    I’m 4 months into starting my company, so far everything seems ok, not great though. The first quarter I grossed a little over 60 k, this is with my authority being new and pretty much fighting for every load. After repairs, insurance, truck payment, and paying driver I netted about 10k. Looking to see a fairly decent upside this quarter. So, a few questions? Do these numbers seem reasonable? Also I’ve been looking at making the switch to flatbed as the rates are consistently higher and loads lighter compared to the 53 van. Any thoughts on this?
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    Sure, it’s reasonable. Your gross is low though.

    Maybe tell us more about how or where you run, how much down time you’ve had, driver home time requirements, etc and it’ll give a better idea. What truck do you have?

    If your driver doesn’t know flat bed well then stick with van. Also, you as the owner need to learn the market and switching markets isn’t helpful for that. I’m assuming you are booking the loads and dispatching?
     
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  4. Texasrig

    Texasrig Light Load Member

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    I run out of Texas where the rates are cheaper,but so is the fuel so it evens out I guess. The truck is a 2019 cascadia, which is probably the biggest expense ( can’t do anything about fuel costs) the payment and insurance for a new driver are 5,500 a month. I do the dispatching. I know a guy who’s been doing flatbed for about 5 years that said he’ll come here for a couple of weeks and show my driver the in and out of running the flatbed. From the research I’ve done flatbed is king in Texas. Bringing in 10k a week seems like conservative down here.
     
  5. leviant0107

    leviant0107 Medium Load Member

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    Jesus Christ. 5500 a month before you turn the key…sheesh good luck to you.
     
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  6. Texasrig

    Texasrig Light Load Member

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    Yea that it’s not cheap to get started, but I’m thinking about the big picture. 5 years from now if I have 8-10 trucks going then the initial investment will be well worth it.
     
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  7. Midwest Trucker

    Midwest Trucker Road Train Member

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    Yeah, I know your not but don’t get down or give up. It took me a few years to really figure things out and it seemed impossible to make much much. But, starting in a downturn like we’re in the midst of will be a benefit to you in the long run if you make it.

    @God prefers Diesels may be able to help.
     
  8. leviant0107

    leviant0107 Medium Load Member

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    Are you a driver?
     
  9. God prefers Diesels

    God prefers Diesels Road Train Member

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    Jesus, good luck with that. Are you working on IRP? And will that van hauler actually be cool with open deck? Not trying to discount the van guys, but flatbed is a lot more work for the same pay. Van is only down recently. With people making the jump, this difference in rates is only temporary. You don't want to cost yourself a driver. Learning is only a tenth of the battle. It's mindset too. He's either got to be all about the money, or straight up enjoy open deck. If he's in between, he'll be crying for a door to slam inside a week. That's my opinion on the matter, and I haven't been at this long enough to formulate a different one. So take it with a grain of salt.

    Do you have a trailer lined up if you make the switch?
     
  10. Midwest Trucker

    Midwest Trucker Road Train Member

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    Makes a lot of sense to me. The only ways he’s in worse shape then he already is is to lose the one driver he has.
     
  11. Short Fuse EOD

    Short Fuse EOD Road Train Member

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    Texas is a tough market for van. Too many trucks. If I was in Texas I wouldn’t pull a van. -But if I did… I would punch out to a productive lane. One that the rates are better and you can move and get them done without the east coast traffic or western states. Am I hinting at @Midwest Trucker backyard? Hopefully he won’t get to mad. But GR, IL, WI, MN, IA and eastern SD are productive. Not saying this will always be the case, even though it’s a good area, stay on top of the market trends. I focus primarily where there is a shortage, but will deviate if a great opportunity presents. I spend about maybe 6 hours a day studying the market. That’s even when I am home. Sometimes I’ll spend 2 hours, the other day 8 hours working on one great paying load. That’s allot of no. I realize I cannot be in business by hauling cheap. So I must put out all efforts. I have had to change my dynamics a few times in the last month. Takes more effort, but it can be done. I have been doing great the last 6 weeks other than some down time for service. You just got to sharpen the pencil.
     
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