Hey Truckers!!

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Hey Truckers!!

Post  billandlori on July 29th 2010, 6:08 pm

Well, it's been a year and a month since I got out of the truck to start our "other" business. It has been slow going but it is growing. It is not to the point of paying all the bills yet.

So my uncle called up the other night and said the place he drives for is looking for a few more O/O to run just in our province. No border BS and work is Monday to Friday. Pay is great (8-10K take home a month).

Is this a smart move to get back into the trucking industry? I can't get into many details about the freight but they say it is very recession proof.

Thanks for the opinions!!

Bill

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Re: Hey Truckers!!

Post  bronco on July 29th 2010, 7:51 pm

do you stil have your old truck? i wouldnt invest alot of money in the trucking business right now. i had to buy another truck last spring and i opted for very cheap and i am glad as that truck is parked right now. but it all depends on the circumstances. can they garantee you work for long enough to pay off your investment.
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Re: Hey Truckers!!

Post  bcr466 on July 29th 2010, 8:26 pm

You say that is after ins prem, licensing, permits, fuel, maintenance? If so money dont sound too bad. But just an example, we just picked up my brother's Freightliner about an hr ago. In frame with a Cat recon head on his 3406E was $13,240. He had to borrow it, so without some capital built up or some good luck untill you can get it built up,????????????????? He was lucky enough that the man he pulls for paid it and will deduct it periodically from his percentage. If that is luck.

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Re: Hey Truckers!!

Post  Diggindeeper on July 29th 2010, 9:16 pm

Not a trucker but a similar situation,
After the mine deal I didnt want to work in mines anymore. I went on to doing commercial and residental electrical work, however a couple of months ago it got slow. I went back to a mine now, i can tell you i'm happy. This job is a little different as i'm not underground everyday, its monday-friday, and a decent amount of OT if one wants. We were not starving before but there was no extra money to finish the house and whatnot.
my view is make the dough for now......

If you get a few days off at a time you can keep your business going untill it gets real busy....

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Re: Hey Truckers!!

Post  billandlori on July 29th 2010, 9:52 pm

Thanks folks!

We sold our Frieghtliner a couple of years ago and drove a company truck for a year (that didn't make much $$!).

We will sell the cleaning trailer and that will allow us enough cash to buy a truck outright. So, the first thing we would plan would be to pay off credit line and that would give us a cushion for engine rebuilds etc.

My uncle had his engine blow a week after he started with this company. He had time to pay too and had it taken care of in a couple of months.

Bill


Last edited by billandlori on July 30th 2010, 11:09 am; edited 1 time in total

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Re: Hey Truckers!!

Post  billandlori on July 29th 2010, 9:53 pm

bcr466 wrote:You say that is after ins prem, licensing, permits, fuel, maintenance? If so money dont sound too bad. But just an example, we just picked up my brother's Freightliner about an hr ago. In frame with a Cat recon head on his 3406E was $13,240. He had to borrow it, so without some capital built up or some good luck untill you can get it built up,????????????????? He was lucky enough that the man he pulls for paid it and will deduct it periodically from his percentage. If that is luck.


Yep, all the O/O pays is fuel and maintenance.

Bill

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Re: Hey Truckers!!

Post  jasonf on July 30th 2010, 5:59 am

You know Bill, my dad has been a truck driver for 40 some years and from what I have seen there is no way in hell I would ever do it. Sorry, trying not to offend anybody so don't take it that way. I just seen my dad chase dream jobs his whole life and end up with nothing. There would be some good job like you mention so he get a truck and do that for awhile to find out he didn't make enough money or it would slow down. Then he would go upside down on months when the truck wasn't working. Then you always have the bad luck gene when your motor goes out somewhere on the road and you loose more work and spend 20K. So now you can't sell your truck because you owe more than it is worth and you can't afford to make all you payments. Eventually he would get rid of his truck and go back piloting or doing hotshots. Two years later he would be looking for a truck because he made more money doing that. What a Face What a Face
He loves driving and loved the job but I have never met a rich truck driver or a truck driver with much of anything. The only people that make money off of trucking is the people that own the trucking company not the O/O's. The company finds all the work, takes a % of the ticket and the only cost they have is insurance and a small office. I watched every person my dad work for get filthy rich while everyone was broke as shit.

That being said, if you already had a truck and found some work that sounds good then give it a try. If it doesn't work then find work elsewhere but there is no way in hell I would go out and buy a truck. Go be a farmer at least they get subsidy.

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Re: Hey Truckers!!

Post  billandlori on July 30th 2010, 11:16 am

jasonf wrote:You know Bill, my dad has been a truck driver for 40 some years and from what I have seen there is no way in hell I would ever do it. Sorry, trying not to offend anybody so don't take it that way. I just seen my dad chase dream jobs his whole life and end up with nothing. There would be some good job like you mention so he get a truck and do that for awhile to find out he didn't make enough money or it would slow down. Then he would go upside down on months when the truck wasn't working. Then you always have the bad luck gene when your motor goes out somewhere on the road and you loose more work and spend 20K. So now you can't sell your truck because you owe more than it is worth and you can't afford to make all you payments. Eventually he would get rid of his truck and go back piloting or doing hotshots. Two years later he would be looking for a truck because he made more money doing that. What a Face What a Face
He loves driving and loved the job but I have never met a rich truck driver or a truck driver with much of anything. The only people that make money off of trucking is the people that own the trucking company not the O/O's. The company finds all the work, takes a % of the ticket and the only cost they have is insurance and a small office. I watched every person my dad work for get filthy rich while everyone was broke as shit.

That being said, if you already had a truck and found some work that sounds good then give it a try. If it doesn't work then find work elsewhere but there is no way in hell I would go out and buy a truck. Go be a farmer at least they get subsidy.


You make some good points Jason. I am not one who loves the job, but it will pay better than right now. We don't have 700K-1M for a farm, but the subsidies would be good!! Shocked

I have my eye on a 2001 Mack, he's asking 13,000. Truck has had a bunch of stuff replaced (tires, brakes, rad, air-air, bearing roll, etc). It only has 750,000 miles. I am worried about the second part of this Double Dip everyone is talking about. pale

Bill

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Re: Hey Truckers!!

Post  schmitty on July 30th 2010, 8:13 pm

Bill, I have been in the truck business for 7 years now, as an O/O and have had people drive for me also. It is a sideline winter job for me, but I get some guys that call me off and on during the summer and I have a couple of reliable retired guys that take good care of the truck and operate it responsibly. What is the per mile rate on this job? And how many miles/km per week? Make sure you like where you are going and pray the Good Lord smiles on you, because as you know there are no gravy trains in the truck business. If it will pay the bills and give you some enjoyment along the way, I say go for it, and if it is good enough, hire a driver and go back to the other business and double dip. Cool

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Re: Hey Truckers!!

Post  dfree383 on July 30th 2010, 8:51 pm

If you can get a good truck cheap, one that's been maintained and clean. I'd say go for it. I'd never try it with buying something new, the overhead will kill you, just be very frugal and do as much maintence your self as you can and save save save.... Maybe end up with a couple of cheap trucks you can rotate and always have one ready and one running????

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Re: Hey Truckers!!

Post  billandlori on July 31st 2010, 2:36 am

schmitty wrote:Bill, I have been in the truck business for 7 years now, as an O/O and have had people drive for me also. It is a sideline winter job for me, but I get some guys that call me off and on during the summer and I have a couple of reliable retired guys that take good care of the truck and operate it responsibly. What is the per mile rate on this job? And how many miles/km per week? Make sure you like where you are going and pray the Good Lord smiles on you, because as you know there are no gravy trains in the truck business. If it will pay the bills and give you some enjoyment along the way, I say go for it, and if it is good enough, hire a driver and go back to the other business and double dip. Cool


It's funny after driving for about 6 years, when I got out I swore I would never go back. Never say never.

Now that we have been doing the gym cleaning every day (364 days a year - Christmas day off Shocked ) it is getting real old fast. Our tile/carpet cleaning business isn't making enough on its own so I have to do what I have to do.

I wonder if the whole cleaning thing is to show me that driving truck wasn't so bad.

The job pays 70 percent of each load. The short runs pay 1.70/mile and longer ones pay 1.45/mile. My uncle makes between 4K-8K per week paid to the truck.

Still thinking!!

Bill

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Re: Hey Truckers!!

Post  billandlori on July 31st 2010, 2:40 am

dfree383 wrote:If you can get a good truck cheap, one that's been maintained and clean. I'd say go for it. I'd never try it with buying something new, the overhead will kill you, just be very frugal and do as much maintence your self as you can and save save save.... Maybe end up with a couple of cheap trucks you can rotate and always have one ready and one running????


There seems to be quite a few decent trucks for sale around here. Prices are pretty low and the dealers are offering financing too. I don't think we will need a loan and new is WAY out of the question!!

A buddy bought a new WesternStar a few years ago and was paying $2,600/month!!! Man you gotta run hard to pay that. He now has it payed off so he's doing better now.

Bill

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Re: Hey Truckers!!

Post  dfree383 on July 31st 2010, 6:09 am

Cheap as on used, 15k and under

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Re: Hey Truckers!!

Post  billandlori on July 31st 2010, 12:05 pm

dfree383 wrote:Cheap as on used, 15k and under


Yep, many between 10K and 20K.

There seems to be a bunch of newer ones with the Benz engine, they are cheap!! I did some searching on the MBE 4000 and its not too good from what folks say.

I love the Cat engines, the Detroits seem decent too but don't lug quite as low, never drove a Cummins.

Bill

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Re: Hey Truckers!!

Post  schmitty on July 31st 2010, 12:16 pm

I am a huge fan of the 3406/C15 Cats, the Cummins always seem like they are more hassle than they are worth. The old 60 Series Detroits DDEC II and III are great engines, but they are getting old and starting to need more maintenance than they should. All of the new emmisions engines are crap. Cool

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