Own authority or...
Discussion in 'Questions From New Drivers' started by 3lopezgene, Mar 13, 2024.
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Trucking Jobs in 30 seconds
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Rideandrepair Thanks this.
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This business is unforgiving, it is a target of ambulance-chasing POS lawyers. You can get into one accident and lose everything - LLCs do not protect assets if you are an owner/operator.
It is unbelievably dangerous, I 'retired' from driving because of an accident at a customer's, some clown was moving a body side die set and knocking me off the truck. I had a few drivers who were killed, a couple who sustained head injuries, and one is a vegetable. A former driver was hit head-on in the middle of nowhere by some 'person' who decided to kill herself and her kids - the kids survived but it took rescue an hour to get there. So much crap happens on the road.
The competition is just unbelievable, the way the system devolved in getting work is something that the cheapest always wins, the shipper in most cases does not give a crap about who takes their product/load to the delivery, they don't care what the truck is that moves it.
This industry has a >90% failure rate.
I know a couple who were/are day traders, they didn't use proper money management and lost a lot of money so they got their CDL and went to work for someone. One guy worked for me for a year, made the seed money to go back to day trading, and got smart. He does pretty well and bought a Subway Franchise where his wife and kid work. He agrees, less risk, less danger, and more enjoyment out of trading.
EDIT - I am not saying this to scare you away, I would rather have someone like you prepared for the worst so you can enjoy the best this industry has to offer.HoundDog7, wis bang, gokiddogo and 1 other person Thank this. -
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3lopezgene Thanks this. -
Thanks for your time replying and sharing your knowledge.
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Frank Speak Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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