Question about investors in the trucking business

Discussion in 'Questions From New Drivers' started by Trucker.1986, May 22, 2024.

  1. AModelCat

    AModelCat Road Train Member

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    You're going to need at least $20k just to keep fuel in the truck for the first 3 months while you wait for the money to start trickling in. Probably another $10k to cover insurance during that time.

    You're cutting it too close. Like was said by several of us, one breakdown and you're out of business. A truck purchased for $40k or less is going to have issues.

    My 2 cents is double your startup capital because you're on a one-way trip to the poor house with your current plan.
     
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  3. TripleSix

    TripleSix God of Roads

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    1. You are assuming that there will be profit. Maybe. Maybe not. What then?
    2. You and the wife run team and driver pay is $.70/ mile. Is that for the both of you?
    3. How do you plan to get loads? A load board? Cheapest freight there is. Or do you have a contract in mind?
     
  4. roundhouse

    roundhouse Road Train Member

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    If the partner is only kicking in $40k

    why would you bother having a partner at all ?

    as mentioned , there’s a long thread on here from “doubleyellow “ where he documented every dollar in and out of his trucking venture .

    in trucking there simply isn’t enough profit to have a driver .
    Especially if you’re using load boards and brokers .

    If you have your own direct freight , you might can do ok .

    and again , you need to learn the basics of the business model before you buy into it .

    no different than a pizza place or a nail salon or a grocery store etc

    would you buy a nail salon ?
    With a partner who knows nothing about nail salons ?

    and start doing ladies nails ?
    Having zero experience doing nails ?
    And zero experience with managing and running a nail salon ?
     
    Last edited: May 26, 2024
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