To sell out or not to sell out.

Discussion in 'Ask An Owner Operator' started by OldeSkool, Nov 1, 2022.

  1. jaffles

    jaffles Light Load Member

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    Oldschool, I'm in a very similar boat. I run water in a closed market like your wood. Its been pretty wet down here this year so work is slow. With climbing running costs, increasing house repayments, recession probably on the way its easy to get overwhelmed.
    I would say first and for stay mentally balanced. Go get a tune or several if that's what required. No shame in that and you can't go forward in a productive way for yourself or family if the #### of the world is beating you. Stay optimistic, positive, cautiously of course but cup half full, not empty.

    Keep looking, asking, thinking, and something will evolve. It may not be the total answer but enough to see it through. Ask what will run, or what is required daily even in a recession. Food, alcohol, fuel, pharmaceutical, medical, rubbish? Maybe chase natural disasters in a clean up capacity, or water in drought.

    You mentioned sell now and break even. Maybe chat with a financial planner about how to structure yourself in a recession, perhaps even come out on top.
     
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  3. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Without reading all the posts, just want to mention, a slight comparison. In my town, when covid hit early 2020, all restaurants closed by order of governor. Some were able to open with outdoor seating 6 months later. As time passed, some were able to re-open and are in business today. But some have not re-0pened and are closed permantly. So my point is how much $$$ you have stashed to weather the rough times, can you park the truck for 6 months and survive and then put in back in service ? (if things pick up)
     
  4. Long FLD

    Long FLD Road Train Member

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    In terms of profit at the end of the day, 2022 is shaping up to be one of my best years ever. And that’s being leased to carrier running $2.30-ish all miles. Getting my new truck and bumping my mpg up by 2 sure didn’t hurt. Fuel is costing me 64 cents per mile and our surcharge is running right around 81 cents.
     
  5. Long FLD

    Long FLD Road Train Member

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    The Oakley screenshot you posted didn’t say what their surcharge is or how they calculate it. You’re basically proving that if you leased on for the contract stuff now that you’d be out the door if the spot market comes back up, and that’s probably why people are reluctant to share anything in your thread looking for the good freight.
     
  6. Vampire

    Vampire Heavy Load Member

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    But, the guy that knows the thing said the economy is "strong as hell".
     
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  7. Kenworth6969

    Kenworth6969 Road Train Member

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    Fuel surcharge could be anything.
    I found when national fuel was $5.10 Oakley was paying $0.61 per mile.

    Log masuk ke Facebook | Facebook

    That screenshot also doesn't show how many miles you will be getting. Can they guarantee you work?

    We all here know that when you depend on others for loads you could be sitting.

    Nearly nowhere on this site has anyone posted good paying jobs. Has nothing to do with me or my thread lol. It's all in the toilet now.

    That tanker guy that showed up here seemed to be doing well.
     
    Last edited: Nov 1, 2022
  8. DUNE-T

    DUNE-T Road Train Member

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    We had an old friend visiting yesterday. She is a branch manager at a local dentist clinic. To break even they have to generate 650k monthly. Since q2 started they are negative pretty much every month, so they gonna start laying off people after New Years.
    People are prioritizing paying their everyday bills now vs fixing their teeth
     
  9. runningman0661

    runningman0661 Road Train Member

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    I worked in the oilfield during the last boom, he’s right those lease roads will destroy a truck. It looks like those ads were from Craigslist, probably over promising and under performing on what they say you can make.
     
  10. runningman0661

    runningman0661 Road Train Member

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    Here you go again, a driver that got into it when rates were at record levels, probably overpaid for your equipment and refuse to haul to $2.00 freight. Sell now, because for the next 12 to 18 months that will be about the average spot market rate.
     
  11. UItraman

    UItraman Bobtail Member

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    lol only SuperTruckers can haul loads for 2/mile- everyone knows that
     
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