Question about investors in the trucking business

Oh boy.

 

The both of you can agree to almost any situation you both agree to. Do not even consider this until after you have a year of CDL driving, accident free and no tickets, working as an employee or company driver. Working as a company driver means ALL of the financial risk of operating the truck in todays terrible, horrible freight market is on the trucking company and not some newbie that hasn't purchased diesel fuel before. IMO, you are years away from responsibly entering into a partnership agreement. 80-90& of new CDL drivers quit long before they get 12 months of work experience. Trucking is unlike most any other business you have ever worked.

 

Talk to a professional, such as @Ridgeline

 

Don’t do it OP. Rates are so low, most truckers are either sitting or waiting days for a load that they can at least break even on. Unless you got a good set up with the shipper and receiver, there’s not enough money in it for you as the owner operator and an investor. Both of you gonna want some profit. It’s not there right now. we are 20 months actually 21 months now into the longest low freight rate depression I believe in modern trucking history. The average trucking downturn last eight months. This one is already a 21 months and it’s still getting worse. Wait for things to turn around. They will eventually, but unfortunately, it’s gonna be a while. Start something now and then go bankrupt and then turn around when you could’ve been making a lot of money if you waited.

 

Lifestyle? If you’re an over the road truck driver, especially a full-time one. Yes, you could call it a lifestyle. There’s no way around it. We live out on the road. But to do it at a loss or just to try to break even because you have a romantic Ideology or fantasy about what it’s like to be a trucker out on the road? Let me tell you something, man, well that might be true to some extent those weekly paychecks at the end of the day are what keep me going. Lol. I absolutely guarantee you no money and only the lifestyle part will wear off within six months. Maybe even within the first week.

 

Then why do you need an investor? Love guys like you the real truth is most likely you don’t have any money and trying to basically bs some guy most likely a relative who does by telling him how many millions you’re going to make if you could just get your own truck.Experience driving has very little to do with owning a trucking business if you don’t have a solid customer who is going to give you freight.Which you haven’t mentioned at all so there is none in reality It’s not how good a driver you are how good of a salesman that matters I personally wouldn’t give you a dime.