New Logistics/ Trucking company

Oh lord. Please help us.

 

Really? Asking if you should go after direct customers?
And they liked what they heard? LOL

 

Convoy started with 260 million. Still went bankrupt

 

no, it is filled with very experienced people.

We've seen this all before.

Start with the very basics, at this moment in time with this economy, in an election year that may end up in a civil war, who in their right mind will be investing in a high risk business as a trucking company?

This is a very serioius question that needs to be answered.

What you miss when you try to attract investers, is what is their target return on investment and what is their tolerance for risk.

Another question is this, if you have the experience of operating a fleet in hard times, what makes you think that you will have any success at all?

You don't expand to say ... 20 trucks without being in the seat or being involved with the front end of the house. Being out of the game for any time more than a year is a red flag, but worse yet is to being clueless to how to even setup the fleet - you are looking at loads directly from customers you have to have something to offer them better than just what they could get from a load board, this takes managing the company for a while and knowing how to use the resources. I go into a potential customer, my reputation is ahead of my trip, they already know a lot about my fleet and why I can guarantee them preformance even over Megas.

onboarding drivers is an art, what plans to expand the fleet means you have to make sure your back office policies and processes are air tight, there can't be hiring crap drivers which is more likely what you will attract.

So this is all from expereience. This is a full time job just getting it ready to get off the ground and I doubt if the investors are willing to be involved with a 90% failure rate.

 

You words, not mine. "So with that said, is it best to seek out loads directly from customers now".