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Trucking Booms?

Discussion in 'Ask An Owner Operator' started by Scooter Jones, Jan 20, 2018.

Page 1 of 4
  1. Jan 20, 2018 #1
    Scooter Jones

    Scooter Jones Road Train Member

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    Scooter Jones, Jan 20, 2018
    Scooter Jones, Jan 20, 2018
    #1
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  3. Jan 20, 2018 #2
    Scooter Jones

    Scooter Jones Road Train Member

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    Forgive me if this was already posted here today ;-)
     
    Scooter Jones, Jan 20, 2018
    Scooter Jones, Jan 20, 2018
    #2
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  4. Jan 20, 2018 #3
    x1Heavy

    x1Heavy Road Train Member

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    I have a feeling we are cranking towards a logistical war effort. Sometimes Dear Uncle Sam wants trucks and all of it. Quietly.
     
    x1Heavy, Jan 20, 2018
    x1Heavy, Jan 20, 2018
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  5. Jan 20, 2018 #4
    ZVar

    ZVar Road Train Member

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    Is it bad when I saw the title my first thought was one of those cranes like on building material trucks?
     
    ZVar, Jan 20, 2018
    ZVar, Jan 20, 2018
    #4
    Feedman, Steel Dragon, Milr72 and 1 other person Thank this.
  7. Jan 20, 2018 #5
    Ridgeline

    Ridgeline Road Train Member

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    Nothing new. We always see the ebb and flow of capacity. The problem will be when there is an overcapacity, rates drop and capacity begins to retract.

    I am betting that there will be an incentive for people who are clueless to go out and buy trucks and make a little money then go bust when there is a dip in the market.
     
    Ridgeline, Jan 20, 2018
    Ridgeline, Jan 20, 2018
    #5
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  8. Jan 20, 2018 #6
    Scooter Jones

    Scooter Jones Road Train Member

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    Well, I got in as an owner operator while things were slim and the rates were tight, I survived and actually held my own.

    Now that things are heating up it's been some good eating, yet, I haven't changed the way I live, save and spend.

    One thing I see as a major impediment to new guys trying to jump in now are the insurance rates.

    Underwriting for new entrants is very tough to come by at a competitive rate. I personally know guys who are trying to get their own numbers and can't because the the rate quotes are 20k to 30k a year.
     
    Scooter Jones, Jan 20, 2018
    Scooter Jones, Jan 20, 2018
    #6
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  9. Jan 20, 2018 #7
    Jasonar15

    Jasonar15 Medium Load Member

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    If they play it smart and while rates are up they can afford the premium and when rates fall they will be a few years in and insurance and may be lower.
     
    Jasonar15, Jan 20, 2018
    Jasonar15, Jan 20, 2018
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    Steel Dragon and Mike2633 Thank this.
  10. Jan 20, 2018 #8
    bzinger

    bzinger Road Train Member

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    Its good times right now if you are positioned right and didn't have your head shoved in the sand over elds .
    I hope I'm wrong but I think every body and his brother will see big bucks in trucking and run out and buy a truck .
    The market will adjust accordingly but who the heck knows ?
    I do know I wouldn't want to be a mileage contract right now !
     
    bzinger, Jan 20, 2018
    bzinger, Jan 20, 2018
    #8
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  11. Jan 20, 2018 #9
    Pup97

    Pup97 Light Load Member

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    I'd love to get my own numbers but insurance is 45000 a year, intrastate under 300 mile radius.
     
    Pup97, Jan 20, 2018
    Pup97, Jan 20, 2018
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  12. Jan 20, 2018 #10
    Scooter Jones

    Scooter Jones Road Train Member

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    Wow!
     
    Scooter Jones, Jan 20, 2018
    Scooter Jones, Jan 20, 2018
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