What happens to you guys during a recession?

Discussion in 'Ask An Owner Operator' started by Driver Eight, Jan 11, 2020.

  1. Moonshadow1918

    Moonshadow1918 Light Load Member

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    At the end of the day the big shots on Wall Street know what the volumns are and cost. Some say we are about where the markets should be based on volumns. So the bigshots can make money. Why the rest of us eat PBJ sandwiches
     
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  3. Moonshadow1918

    Moonshadow1918 Light Load Member

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    Wise oldman once told me the finacial money tree can only grow so high then it stops growing like any other tree. Then it collapses and starts new growth. The key is knowing when that tree reach's max growth. So you can prepare to grow with the new
     
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  4. Moonshadow1918

    Moonshadow1918 Light Load Member

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    At the end of the day fleet discounts on Insurance Fuel Truck purchases lanes are hard to compete with.

    Just remember that load on the board is there because nobody wants it. Or it wouldnt be there.
     
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  5. jamespmack

    jamespmack Road Train Member

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    My uncle Rudy!
     
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  6. Linte_Loco

    Linte_Loco Road Train Member

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    I get by because my personal financial situation is great. Many people are in personal debt and think this industry will make them money to live beyond their means.

    If one can’t mange their personal finances properly, they have no chance when things get tight
     
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  7. Elroythekid

    Elroythekid Road Train Member

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    Nope. 3 years!!!
     
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  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    You are a war profiteer.
     
  9. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    I increased everything last year.

    I'm still trying to figure out what I'm doing wrong.

    Is this good---????

    Screenshot_20200112-133012_Chrome.jpg
     
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  10. Linte_Loco

    Linte_Loco Road Train Member

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    Isn’t it great when you can dictate terms with lenders?

    :D
     
  11. Twin Sticks

    Twin Sticks Bobtail Member

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    I haul illegal aliens to the voting booths and welfare offices here in Ca. business is booming :biggrin_25525:. If you are running under your own authority you only need to look back to 2008 to set up your business profile and profit margins. Expanding too quickly trying to built a bigger fleet, in my opinion, is the quickest way to go broke. I think getting your cost per mile as low as you can is the key to survival. Expanding only as your dedicated runs demand and only using the spot market for backhauls. Doing so will insulate you to a degree of market fluctuations not 100% but as close as you can. With Insurance, fuel costs rising and the liberal hate for the trucking industry you better aim for lean and mean as a business profile. Just my .02:biggrin_25514:
     
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