Get Into Trucking? Or Get Out Of Trucking?

[@CantrellMosley1]

I think we as business owners NEEDED this video. People are afraid to shut down and rather run until they have nothing.

[@glennevitt5250]

Yes you are right about this 😎💯🚛

[@supertruckertom]

​@@glennevitt5250Sold my truck in 2008 once my cash on hand dropped to $25k. Sold the Classic with 780k miles for $25k. Was paid for. $7k taxes on sale since it was depreciated. Went back to LTL as a city driver. Now line haul extra board at $0.85 per mile. Will get 2500 to 3200 miles per week. Want to get back to teams at 90 per and 6400 miles a week.

[@Dominancelogistics]

Where else is there to go? There is a conspiracy to eliminate everything in trucking until there are only 2-3 mega carriers.

[@teeone10]

Yeah that's true it's a slow bleed out with your savings, eventually you will be forced to stop

[@Dominancelogistics]

@@Joe-qv6jh once the oilfield is able to plan the drilling. Future will fall. The price at the pump falls. Everything is connected to the cost of energy. Everything has a a premium price to it because of the cost of energy cost to get it to the end user. It is intentional at this point. Fuel prices fall. People buy more goods with the 50% of their income that has been stolen due to the attack on energy. The shippers pay more for goods being shipped. However, people always have the power to shift their cost down some. We are too entitled to stop paying for luxury goods. We will continue until there is zero. Or the inflation is eliminated. INFLATION IS INTENTIONAL!

[@TRONABORON]

Got out 4 years ago, sold everything, got a great price and started a whole new adventure!

[@BigFaggTruckingLLC]

You missed the golden era from 2020/22. Could've made tons.

[@TruckingTendencies]

What was the venture ? 🧐

[@JensenAzotea]

I’m curious what you got into?

[@frankrodriguezit]

Me too, what did u try next?

[@michaeljones3383]

I'm looking at getting out

[@Cp-jv6mf]

Iv been in business for 15 years and my best advice for new guys wanting to start is don’t buy if you have to get a older truck with a Cat 3406E or C-15, Detroit 60 series and Manuel no automatics these are cheap to fix and very reliable newer trucks will be in the shop more

[@TheDudeChronicles]

Definitely going to get an older rig, worried about the milage it'll get but i know i can fix it myself. And That goes a long ways in my book.

[@Cp-jv6mf]

You should get around 6 mile per gallon and parts are cheaper

[@TheDudeChronicles]

Ya I've been working out my estimates based on 5.5 - 6 mpg. According to the math i should still be profitable even with shit rookie rates. stepdeck/flatbed, live in the truck, should be alright. 🤞

[@edgargomez2025]

Good luck running California with those engines 😂

[@Cp-jv6mf]

@@edgargomez2025the least of my worries, never hauled anything there or want to

[@DavidTrucker-lo4bs]

Paid off equipment, able to do minor repairs, only way you will be able to keep from stressing and losing it. I sit a lot because I refuse to run those insulting rates, and when I do go out with a good paying load, I take short ones towards the house.

[@truckerwayne]

​@@Joe-qv6jhI have been driving since 1979 and am still driving. I have owned my own truck but now I'm a company driver. I drive locally and get paid $.60 a mile. Around 500 miles a day average. Its better than owning my own truck.

[@JASE101]

​​​@@truckerwayneyou can sell NAPA parts to customers in a much smaller territory for $1000 per week no training plus comisional bonuses on top of 60K starting salary, fre conoany car, fuel credit card, company credit card, meals paid for while working... where are you trucking dude? $300 a day and you have to pay for everything your truck? How do you survive on that? Prayers Bro... and I was thinking about returning to OTR.

[@kennethcrenwelge4971]

I am 80 years old and purchased my first truck 60 years ago and have always owed trucks. All of my equipment is paid for and well maintained. But old customers are going away and spot loads are a disaster. I sold off about half of my fleet last year and prices were terrible at Ritchie Bros. Auction. I look at the RB Auctions results occasionally and it looks like it is till a bloodbath. I have seen downturns before. Two oil embargoes in the 1970's triggered crazy inflation. In 1980 prime rate was at 20% and that was the same year that trucking was deregulated. But I made money through all of these times. I always had a nitch that made money. I transport bulk commodities and they are not quite as volatile as dry boxes, but it is getting tighter all the time. If it wasn't that I have other income, and that trucks have always been my life, I would have sold everything a couple of years ago. I was a director and on the loan committee of a bank for many years. Back in my day, I would have never approved loans with practically nothing down and paying crazy prices for equipment. I hate to be a preacher of doom and gloom, but until all the carriers that are under water or hanging on a thread go away, I don't see things getting better. I'm afraid a lot of trucks were purchased by people who are clueless that they just can't walk away from an under water truck. I put a lot of blame on lenders that allowed people to get in way over their heads. By the time I got into banking, I had been running trucks for 15 years and had survived the 1970's. And I turned down a lot of loans that I could see a train wreck coming. Even though equipment is very cheap now, I wouldn't recommend anyone to get into the business right now. If you are losing money, cut your loses. I was a 20 year old kid when I bought my first truck and I was optimistic. Possibly being 80 years old changes that optimism.

[@hoytballard5504]

Thank you for your insight. Your knowledge in this industry far exceeds 99.9% of us out here and I thought I knew stuff driving since 93. I’m just a pup compared to you lol.

[@drblitz3092]

i got out and drive a class B truck now. pays more surprisingly. home everyday, weekends off, less stress, able to have a good gym and diet routine. im never doing otr ever again.

[@adriangarza7584]

As class B what are you driving ? I’m looking for something local maybe as a dump truck driver or concrete ready driver…I have class A

[@drblitz3092]

@@adriangarza7584 get your hazmat. I transport stuff containing asbestos from worksites. So I’m not around it all day. Just gotta wear the proper PPE.

[@drblitz3092]

@@adriangarza7584I transport hazmat things like asbestos, mold , lead

[@truckingwithnose]

Smart move I use to make good money doing roll off I made e mistake and became an owner operator 3 years ago I’m tryna hang in there but I wanna go back

[@drblitz3092]

@@adriangarza7584 hazmat stuff from work being done on buildings. Torn down walls that contain lead, asbestos, mold…

[@williamrobinson6680]

Ohhh the pain. How it hurts. It's like dissecting, itemizing and analyzing the symptoms of a tumor, then asking if this is a good time to get one. You're killing me!

[@olegbryukhanov4401]

Thank you Miranda for your analysis. You are 100% correct. I feel your pain) I’ve been an owner operator for 7 years. Right now I’m sitting in my truck that I sell tomorrow and I have absolutely no doubt about my decision. Cuz you are right: Numbers don’t give a damn about your fellings and hopes for the better

[@danny91pr]

I've been a leased driver for 4 years. A couple years ago, when the market was really good. A friend of mine who's not in trucking proposed starting a trucking business together. I declined the offer because I prefer to have a simple life and not complicate things. Boy, am I glad I decided to stay humble.😂

[@JosephRodriguez-dt6yg]

As much as we all need loads, I think that it is time all truckers need to stop accepting low rates. We are leased on to a small carrier, yesterday I refused a load paying $1000. To take a 44000 lbs load from Longview WA to Carson CA. It's over 1100 miles. Our dispatch wanted me to do it just to get back to CA for a better paying load that would average out. I refused and went Bobtail 750 miles in protest to such a low rate. Thankfully, we don't have a truck payment. What do you think about me refusing the load? I like your channel. 😢

[@sooperhuman]

Good job! Thanks for not taking that cheap load. Not too many have the balls to stand up to these bullies!

[@fkutw4tt3rtub3]

Nice, most drivers I worked with would just cry about cheap rates and would refuse both cheap loads and bobtailing If you can make a decision whatever it is it's already admirable

[@parneetsingh2295]

You explain everything about trucking very good and clear which is great. Thanks for doing wonderful job.

[@stevenmiller6725]

Lots of reasons to get in and out. Generally speaking if you dont know if you should get into trucking that is a sign that you should not. If you can't do your own math to figure out your operating expenses also a sign. That being said maybe you want to lose your house and go bankrupt because you never have. That is a good reason to get into trucking. Great learning opportunity.

[@Inc-rs4dx]

Long story short: 10 years ago new truck was $120000, new trailer $26000, labour in mechanic shop was $60-110 hourly, liability/cargo ins was $700-800 monthly, drivers salary .45-.55 cmp and the average rate for dry vans for example was HIGHER than today... ah, no ELDs back then too 😂

[@ogdriver5334]

What country do you live?

[@saywhatnow2]

I started as o/o 10 years ago and can confirm rates were better than today. Everything was cheaper including diesel. Idk how much longer I can do trucking with this pathetic rates.

[@Breezeyogi]

Miranda is brilliant and practical as always

[@deborahibrahim8419]

Exactly Miranda, the numbers do not lie! Gross to net... This industry has too many regulations and expenses. It's tough to keep afloat.

[@Husler2030]

Data analysis is all you need ..many years in this industry is nothing without breaking down the data .great analysis

[@dandavenport4565]

Exceptional video! As always your numbers are solid and your reasoning is very sober and rational.

[@dandavenport4565]

I would only add that after market warranties on a used vehicle are trouble. In my experience they are incredibly slow to reimburse for covered repairs and play a waiting game knowing that you lose money the longer it takes for them to process a claim. Many drivers simply pay the repair to get back on the road more quickly realizing in the end that saves them money. if given the option again I would not have spent $25,000 on a warranty that I feel is practically useless.

[@thatsreality5184]

As always you make sense and give a view that makes individuals, take a look at the hard facts, of business. Great job and thanks for your time ,because obviously, your not making a much giving what you know .

[@mikealdrich7279]

I’m blessed to be retired military. Was in a lease purchase but just bought a non emissions W900 with a recent overhaul. I’m leased on to CRST pulling flatbed. I’m still getting $2.75 - $3.25 ish per mile after they take their cut off the line haul.

[@raulcahue5401]

Such a great video. I started following you when I opened up my Trucking company in 2022. Unfortunately, I had to shut down because things just did not make any more sense. Thank you for your videos.

[@dwainsmilne]

I have to know the absolute truth and I go to you sweetheart because I get the truth, people want to hear good things but I want to know the truth (GOOD OR BAD)and listening to you gives me that,I got out of the industry about a year ago and so glad I did but the trick is to know just when to get back into the industry and I listen to you every week because I hear the sad truth, good work girl!

[@pauldieunie-u6b]

Thank you so much for your sharing, I got so scared after watching this video

[@domenicdifilippo2647]

Great video. Love your comments and insights. No BS. Hang in there and Happy Mother's Day

[@mylifediaryintro]

One thing that helps a lot in the first years of new trucks that has not been commented on is the huge depreciation in the first years that you can deduct on your tax

[@konradambrozewicz6534]

Lol what’s helpful here ? Either you write off same amount what you pay to the bank or you write off more and on the end you still have balance in the bank and your truck is worth 0 and you can’t more deduct while you still have to make payments

[@supermarioxs1]

I’m ready, let’s go!!! 👍

[@sonnygreen9698]

Just what I needed to know, really appreciate your time and efforts, means a lot.

[@redmesa2975]

I’m a company fuel driver. 2 companies here in Colorado recently closed the doors. First one, kinda had it coming. Young Indian owner, with a bunch of very young Hispanic drivers. They had a couple of bad accidents recently, so DOT shut them down. (Extreme Petroleum ) 30-50 trucks. The other, a small mom & pop with 4 or 5 trucks. One of their big customers Kum &Go was acquired by Maverick. Maverick staffed up, & got more drivers. So the small company owner wasn’t getting any loads, & decided to close the doors & sell everything. His wife drove, and I worked with her at another company before Covid. Nice people, kinda breaks my heart.

[@vicenteflores9711]

Extreme petroleum are those Indians that own the Truck Stop? Down the street from the waffle House, Man, those guys had nothing but classic Peterbuilts I was just over there in March, so those guys shut down?

[@redmesa2975]

@@vicenteflores9711 yes, you are correct. One of his young drivers fell asleep at the wheel just east of Rock Springs. Didn’t have his seat belt on, & died. Not sure what the second accident was. Our friends that shut down had really sharp trucks ! Tankers were painted to match the trucks. One was purple, another antifreeze green.

[@vicenteflores9711]

Oh wow poor Driver, those guys were coming up buying a lot of equipment, I guess he was just letting them do whatever they wanted no safety, I had one of them one time passed me on I 80 going about 80 miles an hour, Racing to the truckstop little did he know that’s where I was going too.

[@yayantransformers2346]

Wow, yea, they spend a lot of money buying the most expensive peterbilt and kws and the truck stop was in terrible shape.

[@finalout99]

Feelings? What are those?😆A business runs and lives on numbers. Like you said Miranda, business don’t care about your feelings. Great video and articulation as well. 👍

[@NinoSoze]

Paid $6000 for a truck 5 years ago, I run Michigan to Ohio and back...truck has grossed $600,000 in that time. Maintenance over that time: a full set of injectors, a new clutch and had transmission re-done. Detroit 12.7's are the best!!! P.S. And no ELD!!

[@teamdada2194]

Stay outta my lane

[@lovepeace3927]

😂​@@teamdada2194

[@Axel-mg6mb]

You may be only five years on this business, but you know a lot about the important numbers, I admire and appreciate your information. Best regards and thank you again.

[@frankrodriguezit]

Thank u for posting, a lot of good information 🙏🏽

[@lanceharper340]

Wow! Eye opening! Best case scenario and still making less than a company driver. And, at 12,000 miles a month - no sloth there. All that extra risk and paperwork. Not to mention you’re locked in a truck payment for years. Thank you for the relevant content. Never stop keeping it real! ❤

[@victorsuarez2954]

This is why you are so appreciated, positive but real, I commented before, after running my numbers deeply, I'm parking the truck, I don't have payments, but I gotta take depreciation that comes with the milage, I'm not seeing it, I just rather wait for better conditions, putting miles on somebody else's truck.

[@damionvoss1227]

I'm leased on via A&A Express and TEL. I can honestly say that I should have just bought a truck and leased on as an owner. The reason why is that the payment is now 1,054 a week and that is an increased rate due to the mileage count. Plus I still cover my fuel costs. The one good thing is that they do have a maintenance account. You're absolutely right ✅️ 👏 👌 ❤

[@BarryWoodward-kg7rw]

Love your honesty you're awesome hope you make it baby God bless❤❤

[@syoung2333]

Very helpful. I'm with TA Trucking out if Olathe. Since Oct after a bad accident. No fault. But released nonetheless. They were the only ones to hire after and I'm being treated well. Although at a reduced cpm. Considering going lease and your platform has given me more to study and weigh. TY

[@chrisbelsito4231]

As always. It was a great video!! Sunday will be a year I parked.. personally, I’m not putting my savings into an industry that is going down hill fast. Repairs will come and they’re expensive!!! Now! If fuel was $2 a gallon I’d probably be out there . Hats off to those who found a good nitch and are hanging in there. I dealt with mostly spot market freight. Had some customers but the bigger folks came in and underbid me..

[@periscope1368]

I am 100% independent owner operator, spent 35k on repairs and maintenance back in 23 + 10k on credit card mostly replacing tires on truck and trailer. My 2016 Volvo had 622k when I bought it. Today it has 868k and runs okay. Still paying 1,226 monthly for another few months, plus insurance 200pm. Planing to continue using it until I exit late 2025. If something going to happen to a transmission, I’ll replaced it with used one for around 6k. That’s it. The only thing I don’t like is that d13 consumes around 6.5mpg (unlike never once with 8mpg on average). 8pmg could save me 25k in 2023, that 2/3 of my repair expenses.

[@martinhdez8900]

Your videos are very helpful, specially providing the receipts. Love your hopeful spirit.

[@DanstevGraker]

Well said. It's a brutal truth, but unlike large corporations, for the small business owner, there's no bailout or golden parachute to catch you when things go south. Protect yourself and your employees, first, and if that means knowing when to throw in the towel so you're not completely bankrupt, do it.

[@maheshsewa5693]

Thankfully, I gave up 1 months ago. Now, driving as a company driver, without any tension. Now, I’m sleeping good.

[@mrsulaiman19]

I got out, couldn't be happier. All the stress immediately is gone. If it ever gets better I might start another company, even though I extremely doubt I go back.

[@joshuastuller7191]

Well said. Thank you

[@christofonobrown3659]

Thank you for this video.

[@therealdee9]

Your spot on per usual, great video

[@natureguy4473]

I am about to get into this, used truck and trailer thats paid ,do repairs myself. its going to be tough as I have no experience and fresh DOT number that makes my insurance ridicules expensive but I got to try.

[@ICYPROFITS]

Sure that used truck may have cost you 40 something thousand but it's not going to keep asking for that kind of money on a regular basis. 80k max you can rebuild any used truck completely then you should be good for another 5 years before anything major

[@Wesker1213Gaming]

Interesting insights. As a company driver, I am bringing home $6-7k per month with my mileage and stop pay plus the other ancillary bs I get paid for. I'd need substantially more to make the headache worth it

[@brandoncooper4868]

I agree, I am contemplating shutting down

[@Troutfisher0311]

I can't think of one single reason where I would advise anyone to get into trucking right now unless they just have a pile of cash they want to get rid of. I have one truck of my own with a reefer trailer. I hire someone to drive it. It has been parked since last August. I'm also a broker and have been doing that for almost 30 years. I'm starving to death with that right now too. If you are pulling $2 per mile freight do the industry a favor and just quit, you will be out soon enough anyway.

[@dreamersseat422]

The way to end up with a million dollars in trucking is start with 2 million 🤑

[@MahanMehr-g5s]

Awesome. Thank you 🙏🏼

[@Roadlegacy90]

I’m waiting for my background check for hazmat. I’m going ltl. Gonna enjoy my family til then. I rather be home than risk working for another company that goes bankrupt. Wish you all the best of luck out there.

[@treeo1969]

This was so informative thanks

[@treyfeeley2519]

I would advise new drivers who wants a CDL to get one and wait before getting on with a carrier. I would love to get my authority now, wait for the market to get better, then snap up a cheap used truck and go! Great video!!!

[@birgrww1527]

Great info!!! Thank you!!

[@IamCaleum]

So many people around me got out and took all of the yard jockey jobs so I am really hoping that the market kicks back up so they all go back OTR and I can actually pick up a yard jockey job again. They wanted to stay in a truck but were just DONE with the market right now and they were willing to take the massive pay cut for a little while.

[@jimhays1896]

Glad to hear you drop the F bomb.

[@jasoncleveland345]

Work JB hunt rail, local, central pa. Do dry, haz, and reefer. Average $1500/wk running light before tax and benefits. Can't complain but miss higher volumes

[@PrepareHisWay]

We're EXITing! Period!

[@MrGsxr10001]

I drove company trucks for 20 years. I never missed a pay day , and never had to worry when the trucks broke down. I picked and delivered the same loads as the O/Os, slept in the same truck stops when I was at home I never spent my home time working on a dam truck. It just makes no since to be an O/O. So some body tell me why you would do it?

[@darylb5564]

A few things that weren’t mentioned. Your payed vacation and holidays are gone when you are an OO. Your social security tax is double when you are an OO. Your health insurance is going to be another $800/ mo. Figure out how much you need to take home and find a good company that will give you that amount and weekends off. I think we are making this harder than it should probably be

[@josemarte1530]

😂 i thought i was the only one who prayed before and after a load is finished. For me it's not a way i can quit.im going down with it, it's like you said this situation is mentally draining, for the fat i have decided for my own sane, "im all in or not" because two consecutive months doing horrible can put you in a depressing state and this is unnecessary torture, and it really helps for me when im not thinking either i quit or not right now.

[@tsocity213]

Hey thank u LETTTTSSSS GOOOOOO!!!!!

[@Slots-Mania]

I parked my truck 3 weeks ago, not worth operating at current rates. This market is still on the down side, manufacturing and warehouse lay-offs are just starting this will affect trucking in the next 6 months.

[@ThinkFreight]

You definitely need to do what's best for you. Another great video!

[@roadlion7195]

Great video!

[@batboldbalt49]

Clearinghouse Status and CDL Downgrades As established in the first Clearinghouse final rule, drivers with a "prohibited" Clearinghouse status are prohibited from operating a commercial motor vehicle (CMV) on public roads. The second Clearinghouse final rule (Clearinghouse-ll) further supports this by ensuring that drivers with a "prohibited" Clearinghouse status do not continue to hold a commercial driver's license (CDL) or commercial learner's permit (CLP). Beginning November 18, 2024, State Driver Licensing Agencies (SDLAs) will be required to remove the commercial driving privileges from the driver's license of an individual subject to the CMV driving prohibition. This would result in a downgrade of the license until the driver completes the return-to-duty (RTD) process. Note: SDLAs with legislative authority currently have the option to voluntarily query the Clearinghouse and downgrade CDLs for prohibited drivers and may do so before the November 18, 2024 compliance date. Learn more about the second Clearinghouse final rule

[@bryllealarma4765]

Good day, Brylle here from the PH and I am a freelancer for 3PL and Carriers in USA. Can you give us more ideas regarding . 1. How can 10DLC affect remote jobs like dispatchers. 2. Loadboards can now track VPNs 3. USDOT is planning to add more restrictions for freight dispatching with cybersec laws. Thank you.

[@pargatpannu-topic9456]

Helpful video, Thank you

[@RomanVarl]

Great info Miranda, thank you!

[@Keekay91]

Love the hard numbers and facts. Its honest and refreshing. Most people interacting with this industry BS us and tell us what we want to hear. Its annoying af and disrespectful as if we're too stupid to not recognize when someone is completely vomiting word garbage. "ai trucks will help the driver shortage." "Theres a driver shortage." "These new laws are for safety." "It will only be an hour." (4hrs later) Thanks for the info TMS

[@deborahibrahim8419]

And AI Dispatch is going to boom with the AI trucks.

[@MS-oz2wu]

When you say your old truck cost so much. I have to ask you what year was your old truck. I'm betting that was DEF truck! And my next question is what speed were your drivers driving at. Don't get me wrong on this question i drive the max speed limit. I have a good reason to ask this, to weight out my thoughts on why those expensive break downs took place.

[@donavansmith5806]

Just finishing my training but I’m already looking local even my last job said I can come back. I’m a family man and know everyone’s situation is different but time away and effort doesn’t seem worth it for OTR

[@michaelboyle9512]

I like your community guidelines personal check. I am currently scheming to take a break from driving. The #'s aren't adding up for the sacrifices involved. This amount of $ can be made getting a shower everyday, having a relationship, and generally enjoying life where as our work generally is at people's worst (driving). I do this to make money, and it's not making money. The "open road" these days doesn't exist where I run around. Constantly surrounded by cars getting in front and slowing down is where I live. That's my world. And no money to be pissed off all the time...

[@gilbertoavina6156]

2 videos in 2 days? Is it Christmas? 😃

[@time2chill121]

I think it all depends on your personal situation

[@Dababster1]

I’ve been a business owner and I learned the hard way that the bottom line is bottom line profitability and successful profitability. Treading water can only be maintained for so long. A business owner needs to provide for their future as well as their present.

[@stevendan9878]

Just a small correction that doesnt affect the calculation . The factoring should be included since no owner op is factoring if hes leased to a company

[@TruckingMadeSuccessful]

Yes that is correct, my mistake. Thank you!

[@natureandhiking9563]

Market is working fine for me as new starter company. I think the only thing that keep me service the market and still be profitable is I have paid off trucks. Thanks god

[@chickenhawk8996]

I never understood why drivers/people want to get their own authority and go into the trucking business? There are well paying jobs $100,000+ a year for experienced CDL drivers with clean driving record and willing to do some extra work other than driving. It is my guess that 85%-90% of O/O do not make more than the “high paying” driver jobs. P.S. I think your expense numbers are realistic and true to what I see as well. Really accurate numbers and advice.

[@truckingwithcliff]

Been driving 24 yrs and I can say I've made more money as a company driver vs as a carrier only thing is I have freedom and I don't have to worry about some ass hat threatening me my job.

[@justinwestmoreland3020]

Becoming successful and not being stuck for life as a employee building someone else's empire takes risk of course there is failers but that is the journey to being successful.

[@chickenhawk8996]

@@justinwestmoreland3020 I agree with you completely. I am a successful O/O for 27 years and I am thankful to make a very good living at it. But as I stated. I don’t think 🤔 Most people that buy their own truck have this success. For most people they are far better off finding a high paying drivers job. I know two companies that are always looking for experienced, multi-temp, LTL drivers and these positions pay about $105,500 a year. Set run home every week.

[@chickenhawk8996]

@@truckingwithcliff If it works better for you that’s good. I run a dedicated weekly temperature controlled LTL route. It’s good paying steady money. I do have plenty of time every week at home. But what I don’t have is freedom. In order to get the freight contracts I have to guarantee weekly service 52 weeks a year. I don’t have the freedom of taking a week off. But everything is a trade-off. It’s well paying, steady freight.

[@unperuanoenlascarreterasde9964]

You will never understand if you don’t value FREEDOM . This trucking career isn’t about money , this is about independence, freedom , owning your time . Deciding when to work and how hard you want to work for the money you want to make . Since 2022 I’ve been driving only 3k - 4k miles per month . Figure it out .

[@aszureevans8452]

Great info, can you discuss teams as OO if possible? His and and I are company drivers now and are thinking about going OO.

[@sacalvetti]

Very wise advice!! 👍🏽

[@gregvernick810]

You have been watching your videos for a while and it is tough out here.I feel it too and i'm a owner operator i've had my m c number since two thousand eleven

[@periscope1368]

Miranda it’s time to make video on how to exit this business) while being a personal guarantor fir most of loans

[@voodounpriest8705]

I really enjoy her information but two things. It’s very hard to find a company to least onto and drive with no experience. & buying older trucks don’t equal more breakdowns. All trucks breakdown. In this market having and older truck that’s paid off is priceless. Cash is king right now.

[@younglife6877]

2023 VOLVO VNL 860, driver was pulling into the driveway of the shipper when the steering box gave out at 2k miles, brand new truck, first trip, First month I made nothing because volvo took a week, Above all that I paid for mobile mechanic, tow, and had to wait 30 days to get that money back. By the time my first payment came around I was already under this was june 2022. Warranty is BS, Insurance is BS. We are actually buying up all of these slightly used trucks cash right now and putting them on the road still. still profitable.

[@younglife6877]

you cannot sell equipment that is under the water. The bank that owns the TITLE to said equipment won't release it until the debt is paid. Or until there is a bankrupcty. At which point the equipment has a lien on it and still can't be bought properly. Until it's sold at a auction.

[@IYELLALOT-bb4bq]

I used to trade in the stock market when I sold my holdings week later the stock ran up . Insurance is the biggest problem. Maybe short runs are better for you now . Get ahead of the insurance you free up 4k

[@ricardovchicago]

I’m done after 22 years I’m currently working for the city as a heavy equipment operator with the streets department trucking has no retirement plans for owner operators or company drivers

[@Dean-pc1ok]

Amazing video wow,

[@Kai-je6sq]

I love your blouse

[@teeone10]

I think brokers , shippers, and mega carriers are taking for granted and exploiting the fact that there is an over supply of drivers.

[@DmitriiKaliagin-h9j]

Let's "suddenly" stop together for 1 hour, "get sick" or "break down"? 😉 We will do it as in the "earth hour", when the lights go out. And we're going to do this at the same time every week/month 🤨

[@OniPutItOn]

Transit is a pretty good company. They keep my 2 reefers rolling😎💸

[@tennesseetrucker1921]

Maranda, The operational numbers that you are using are excessively high compared to us older guys in the business. For example, your insurance costs are four times higher than what I can get. $18,000/annually on maintenance on a new truck is also excessive. I've spent less than that in an entire year maintaining a good used truck. When you properly manage your money, there's really no need to use a factoring company. As others have said in comments, the only way to be profitable long term in the trucking business is to operate good used equipment, doing much of the maintenance yourself. Dispatch fees are a joke. I ran my own truck for years very profitably and always found my own freight. There's really no point in paying someone to do that for you. Your $1.66/mile operating costs are enormously high compared to the numbers I've produced running my paid off equipment. I can operate in the current freight market for .90cents/mile, which gives me a far greater competitive advantage to you. I've been tracking numbers for a very long time. 30 years to be exact. That said, My suggestion to you is turn in your over priced equipment, go bankrupt, and quit trying to present yourself on KZbin as someone who knows how to run a profitable trucking company.

[@RiZenAsH]

I’m personally getting out of it. Trucking has always been inconsistent but these last few months have about broke me. If I’m going to continue to drive then I need to be paid hourly.

[@mohammadbaranishooli218]

As owner operator with own MC and pay off truck only expenses 1300 for insurance I can’t make money thank you for saving the people ❤

[@htw08]

It's totally depends on your dispatcher

[@jimmycagnee65]

I want to buy a truck now while they’re cheap. I want to haul ag products and commodities from source to processing plants.

[@htw08]

Good idea

[@jesusramos1342]

A company called Aurora is almost done testing their autonomous semi trucks. They plan on having tens of thousands in operation in 3-4 years. They say the trucks will run 24/7 and lower shipping cost for companys. That sounds like the end for is drivers. Should we start transitioning into a different industry?

[@NarrowPathFarm707]

I used to be a small fleet owner for many years, ... then a single owner operator, ...now I'm getting out of truck ownership and going company driver, paid by the hour.

[@berekettiramo7495]

Absolutely right