Statistic charts showing it is the WORST time to become an O/O

Discussion in 'Ask An Owner Operator' started by Kenworth6969, May 8, 2022.

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  1. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    There will be advanced culinary club at Casa Del OM during the recession.

    20220320_153234.jpg

    20220320_051539.jpg
     
    Dave_in_AZ, May 9, 2022
    #51
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  2. DRTDEVL

    DRTDEVL Road Train Member

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    Add Minnesota. A change in the software for the DMV now requires *ALL* owners of trucks over 14,000 GVWR to have a USDOT number on file in order to renew the tags. My crawler hauler has a GVWR of 26,000, therefore I have to have a USDOT number for it. Safety Measurement System - Overview (U.S. DOT# 3717174)
     
    DRTDEVL, May 9, 2022
    #52
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  3. GYPSY65

    GYPSY65 Road Train Member

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    Dang it
    And I just got there

    Oh wait
    You said millionaire

    I’m still good
     
    GYPSY65, May 9, 2022
    #53
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  4. Midwest Trucker

    Midwest Trucker Road Train Member

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    Its ok, I’ve heard 1%’rs are evil horrible people anyway.
     
    Midwest Trucker, May 9, 2022
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  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Rates took a substantial dive today.

    Look for a dramatic increase in the volume of ( thrashed upon ) used trucks soon.
     
    Dave_in_AZ, May 9, 2022
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  6. merv85

    merv85 Light Load Member

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    lot of these 5 yr old/500,000 miles ($150,000.00) will be repoed and up for auction by next spring. might even get them for half the price or should i say fair price.
     
    merv85, May 10, 2022
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  7. DirtyBob

    DirtyBob Road Train Member

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    You know it's amazing that people never learn from history. Every times rates shoot through the roof you have 1-2 years before a downturn. During that 1-2 years everyone and their brother wants to get into trucking for the easy money.

    Next time you see extremely high rates utilize it to save. That isn't some new magical higher income for you. That's the economy giving you a chance to buckle down and save before she turns south. When the Fed runs the money printer full blast during those 2 years with low interest rates for 13 years, buckle down harder. Learn to read the writing on the wall rather than seeing $$$$$$.
     
    DirtyBob, May 10, 2022
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  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    GASP!!!!
     
    Dave_in_AZ, May 10, 2022
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    God prefers Diesels Thanks this.
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