Starting a trucking company

Probably have to use revenue from the bar to supplement the trucking company.

Looked in to buying a 1 ton flatdeck to put on with a local hot shot/expediter a couple years ago and I'd have been further ahead burning my money in a fire pit. By the time I covered driver wages, insurance, maintenance and put money into a fund for eventual truck replacement I'd be owing money at the end of the month. That's if I were to pay the driver $15/hour minimum wage (which I wouldn't, can't live off peanuts).

 

If those kind of posts bother you just scroll on past. Nobody makes you read them.

 

Not is NOT the time to start one, freight is slow and the spot is extremely cheap.

Hopefully things will pick up in a few months, but no one knows for sure.

First thing when starting a company, even with only one truck is cash. You want to put enough down on your equipment to have a manageable payment. In my opinion, a $1200 a month for both truck and trailer is a manageable payment. Then of course you need operating capital to pay for fuel, maintenance and repairs. This is by far what sinks every new owner operator. I would recommend at least $25k

 

Put the Pub and Grill up for collateral, that way the bank will get more than the trucks back when you declare bankruptcy.

I think there were like four threads created last week.

 

Start by reading this website:
Home | NASTC - The National Association of Small Trucking …

 

Does OOIDA help drivers or give advice with starting a small trucking company?