🚫😭 I Quit! Why I Deactivated My DOT Authority as a Trucking Owner Operator

[@Tsh4n]

Mad respect to trucking accountant for actually keeping it real & diving into deep of the true cost of expenses & challenges of trucking where most other youtubers are just salesman trying to sell a dream/lifestyle saying how much money they make from trucking.

[@BookkeepingExpert]

I keep it real 💯

[@warriorglasco]

You nailed it.

[@BiggVic]

Much respect to you for putting your best foot forward. Wishing you nothing but the best on your future endeavors. Keep mashing the gas on life!! 🙏🏾💯

[@BookkeepingExpert]

I appreciate you!! 💪🏻

[@ivanlebedinskiy4145]

You have balls to do stuff just as planned and admit your mistakes. Respect. I know a lot of people who are exactly the opposite.

[@BookkeepingExpert]

Thanks! 🍒

[@gabriel.tee46]

Yes I agree. Most people are afraid of failure. They can never learn if they are afraid of making mistakes. You learned so much.

[@pdiallo1029]

You have been one of the most accurate and transparant you tuber in the insustry.Thanks for the great content

[@BookkeepingExpert]

I appreciate that!

[@YeahNah100]

I really appreciate your honesty. It’s important.

[@BookkeepingExpert]

Thanks!

[@MotivationandBoxTrucking]

Great info brother I really appreciate your transparency, you have a great spirit and I know you will do well bro, stay motivated and keep trucking Brody💪

[@BookkeepingExpert]

Always

[@sundayamubioya6941]

Hi please was there any reimbursement from the insurance company at all as your trucking company was done with after paying them for when you were operational?

[@BookkeepingExpert]

Yes

[@lilianarivera3742]

Having a trucking company is no joke. Most drivers that come from larger companies think that buying a truck and opening their own business, just because they have a cdl and want to pocket the majority of the money, is a piece of cake and don't take into consideration the skills needed to run and manage a trucking company even if it's owner operated with no additional drivers or leased owner operators. I have owned a trucking company for 12 years. I have expanded the fleet size and reduced several times according to the market needs. It's a very stressful business, but kudos to you for at least trying it out and being transparent about your journey. Just came across your channel and have been enjoying the content. I am always interested to see how fellow logistics entrepreneurs and bookkeepers think about the subject. Thanks for the content.

[@BookkeepingExpert]

Trucking is definitely not easy! Impressive that you’ve had one for 12 years 💪🏻

[@lilianarivera3742]

@@BookkeepingExpert To be honest, I think about shutting down everyday... but somehow I'm still here. Definitely downsized a ton compared to past years.

[@outreachvideo]

@@lilianarivera3742 I have a 24ft international 2018 box truck and have carried 11 loads this year. Those 11 loads were the only loads that paid $2 per mile. I will not haul freight for free and at the rates being offered that is the only outcome of loads paying barely $1.40 per mile. Dont even think of going to Amazon with your box truck because even though they too pay next to nothing their load rates have dropped as well. It's bad out here folks but I saved my money because I always knew in my heart days like these were coming. I know several brokers who have said their in-house drivers are quitting left and right because of drops on pay. Hang in there folks.

[@lilianarivera3742]

@@outreachvideo I have, or at this point, had 53 foot reefers and 48 foot flatbeds. I have sold all my equipment (trucks and trailers) and only work with owner ops at this point. I only work with those that understand the market and it's ups and downs, those who are dedicated and willing to be flexible. I do much more than dispatching, as I manage their entire operation as well as yearly renewals. I am basically their personal assistant handling all the back office work while they drive. I have been on the broker side of things as well as have had direct accounts with shippers and as previously mentioned, had my own fleet with drivers until just a week ago. Amazon is one of those things I always advise against. And, yes, I agree... the rates at this point are worthy of just parking the truck. But, there are some owners ops that are so invested that they just can't park and call it quits. They have to work through it. And those are the ones I am here for. They have no option but to keep truckin. I really do hope the best for all of those out there struggling and hope that those wanting to get in the business really do all their research. Truckin just isn't for everyone. Interesting that, even though with this market as it is, people still call me for assistance in opening trucking companies.

[@carlosernesto0405]

@@lilianarivera3742 what’s your intake on the matter now in January 2024? Has it got better or worse ?

[@orlandocardenas1486]

So sad!!! You know, you were my inspiration and your videos served as a reference to open my own company with a box truck, it's been 8 months now and I'm still surviving, but I'm not far from succumbing. Regards!!

[@BookkeepingExpert]

I'm so happy I could help you

[@geoffnavolt1970]

I just sold my box truck and lost money. This next week I will deactivated it. When I do this, is it both dot and mc?

[@BookkeepingExpert]

I’m honestly not sure. It’s definitely DOT but I don’t know about MC

[@willmann30]

Yes. They're the same now. They just issue MC because for ever they were separate responsibilities.

[@juliette1680]

Love your positive attitude.

[@BookkeepingExpert]

Thanks!

[@gilventura3021]

Sad to hear that. I wish you the best in your next move! 😓

[@BookkeepingExpert]

Thanks!

[@AaronDbs]

It should work though I think you had a lot of expenses and inefficient routes

[@BookkeepingExpert]

I've quit the trucking business a long time ago

[@jlewis4587]

Haven’t seen you in a few months. I thought you might’ve already thrown in the towel. You gave it a good effort. No criticism here. It’s really tough to be a new guy in this industry. I’m a old guy with my own authority doing it all on my own and it’s not easy. I see change coming to the industry but it’s gonna get worse before it gets better.

[@BookkeepingExpert]

Thanks!

[@repeataftermedia]

3 units for sale separately or together with pallet jacks, straps, and load bars: 2016 28' Freightliner straight boxtruck, 2016 CNG Freightliner Cascadia daycab, and a 2012 48' reefer with swing doors, side door, and side liftgate.

[@BookkeepingExpert]

Good luck

[@yme1720]

I am interested in that box truck would like more info

[@repeataftermedia]

@@yme1720 It's an as-is running CDL 33,000 GVR. 12'9" height,340k miles, airride, and liftgate.

[@everydaytrucking01]

You ever do a brake job replacement on your boxtruck if so how much did that run you?

[@BookkeepingExpert]

No

[@joshm8805]

I shut mine down before I got started. Numbers weren’t adding up to comfortably run. Maybe I’ll try again in a few years.

[@BookkeepingExpert]

Best of luck 🤞🏻

[@Tracklyfe_T]

I sold my Truck too. Gota know when to grab the life jacket when the ship is sinking.Its never a Lost its always a Lesson. Thank God i broke even when I got out this bussiness. But it was just too many headaches as an OO nd owning your own truck.

[@BookkeepingExpert]

Always a lesson!!

[@repeataftermedia]

Please tell us how you sold your truck. I have a 2016 28' CDL boxtruck and a 2016 CNG Freightliner Cascadia daycab with a 48' reefer with swing doors.

[@BookkeepingExpert]

@@repeataftermedia I sold my truck to a friend who also has a trucking company

[@repeataftermedia]

@@BookkeepingExpert Thank you! Trying to unpack, also.

[@_SGT_Sasquatch]

Wow! I’ve watched your videos since day 1. Sorry to hear you go!

[@BookkeepingExpert]

My trucking company is gone, but I'm not gone!

[@kevinrayner4466]

Drove 18 years trucking sucks now quit driving all together 6 months ago good luck to you new drivers 🤣🤣🤣🤣

[@BookkeepingExpert]

Wow!!

[@chooester1977]

DO YOU STILL HAVE THE TRAILER FOR SALE LET ME KNOW

[@BookkeepingExpert]

No, it’s available for rent $1,000/month

[@Supertrucker66]

Thank you for not being like keep truckin. I hate fake people

[@BookkeepingExpert]

You’re welcome 💪🏻

[@phatmike8401]

Sorry to hear it. I have learned a lot from u recently. Thank u

[@BookkeepingExpert]

I am happy to share my knowledge!!

[@truckerjogi]

hey hate to see you go, but gotta do what needs to be done, I myself own a box truck started in April-2022, i just haul for amazon, i also have my full time job as well. I did started out with a driver it was working out was paying him by hour, but he decide to take time off so now im doing both which is working out as well also keeping more $$$ in my pocket. those who like to start out i would say try to do it yourself because driver and insurance will eat your $$$$ up.

[@BookkeepingExpert]

Finding good drivers is the hardest part!

[@truckerjogi]

@@BookkeepingExpert most definitely

[@atthompson303]

Thank you for all your information I am trying to start my bookkeeping business and I also help my brother with his trucking company I do most of his paperwork and now I want to branch out on my own I would love to ask you sum questions

[@BookkeepingExpert]

You can use this link if you want to schedule a meeting and ask me some questions www.harrisburgbookkeeping.com/scheduling

[@VLogTrippin]

Bro, when I read those weekly numbers, it only was a matter time.

[@BookkeepingExpert]

I know right...

[@eladychrystrucker_life5987]

Thanks for the honest report

[@BookkeepingExpert]

I always try to keep it real 💯

[@bishopmontel2]

You still got that trailer?

[@BookkeepingExpert]

Yup. I just rented it out for $1,000/month

[@raton2661]

Wow I'm glad I saw your video today I started watching your videos about a week ago I was about to buy a truck next week with a partner but we are gonna postponed it now I'm gonna rent a box truck to see how it goes until I have more money save to do the transition the right way to a semi and see how profitable the business is and have enough money for repairs. Thank you for your videos and good luck on your new endeavors!!

[@BookkeepingExpert]

Thanks! Good luck 💪🏻

[@raton2661]

@@BookkeepingExpert Thank you!! What you think is better to start a box truck or a semi truck? which one has more expenses or is easier to run?

[@BookkeepingExpert]

@@raton2661 I think a semi is easier to run. The freight market has a lot more 53’ loads than it does 26’ loads

[@raton2661]

@@BookkeepingExpert Thank you for all the information bro!!!

[@jerseycowboy1]

Better off having one truck drive it yourself under some else's authority who has great dispatch and brokers. You can make good money that way. You have to be in the right niche as well to get good pay per mile.

[@BookkeepingExpert]

I would rather have my own authority

[@dskains]

Is there any value for selling your authority? (Sell the business even if its just for the authority and nothing else)

[@BookkeepingExpert]

I don’t know… maybe. I never did much research about it.

[@kis717]

I may be interested

[@wiseinvestor7596]

It's very challenging to find good drivers

[@BookkeepingExpert]

Right...

[@513jimmyd]

There’s a reason your driver was going through a temp service for a job

[@BookkeepingExpert]

Hindsight is 20/20

[@Music-tf1yn]

Nice, please keep us posted on the rental trailer side of things

[@BookkeepingExpert]

I just got someone! They paid me $1,800 yesterday and took the trailer. $500 security deposit, $300 prorated for January and $1,000 for February.

[@Music-tf1yn]

Not a bad side business if you ask me. Should do a side series

[@yme1720]

Good vid, did you owe anything on your truck when you sold it. That's my issue besides that I am ready to run as far from Trucking as I can get

[@BookkeepingExpert]

Yes I did

[@adamchavez999]

Do you think you would've been better off just running the box truck?

[@BookkeepingExpert]

No

[@jumperman1962]

Very challenging to find workers in construction also….

[@BookkeepingExpert]

Hard times

[@spiroberdebes3910]

Hey, Zach! Sorry to hear that.

[@BookkeepingExpert]

Thanks!

[@duvardavis9731]

At the end of the day, you made the right choice. This industry is not worth your health, time, or money.

[@BookkeepingExpert]

😢

[@nunomachado2110]

There was no peak season.... You'll be back 👍👍

[@BookkeepingExpert]

I don’t think I’m coming back

[@kennguyen2215]

hey bosss,,,how r u,,i just moved to houston less than a year,, live next to hobby airport and i got 2 cargo vans are not running cause it slow season,,,imm looking for a new contract in houston,,u know any? and u have any?

[@BookkeepingExpert]

No, sprry

[@adamchavez999]

I've seen so many people quit this business one big problem is finding a driver.

[@BookkeepingExpert]

Finding good drivers is so hard

[@suburbanlarper]

Us truckers call internationals “Inter-trash-ionals” for a reason.

[@BookkeepingExpert]

So sad

[@dallasedwards1045]

I need that rental

[@BookkeepingExpert]

It's no longer available. Someone is already renting it. Sorry!

[@KingofQC]

I take transfer of the motive for half the cost

[@BookkeepingExpert]

I already deactivated my Motive account. Sorry!

[@msrednosepit8434]

I do enjoy your vids but I stop myself too bc too much money was going out then coming in. I'll try again

[@BookkeepingExpert]

Good luck!!

[@ModernMessiah]

Just reduce the insurance and keep it so you don't have to start all over in the future

[@BookkeepingExpert]

I don’t plan on going back

[@robcameron8739]

Great video Zach.

[@BookkeepingExpert]

Thanks!

[@elisananaestradaovertheroa9675]

This business it’s not easy, you really need to be on the trucking industry for 3,4,5 years before you buy a truck

[@BookkeepingExpert]

It's not easy!

[@msrednosepit8434]

Yes just give the rental company money for about 5 brand new trucks

[@Ayobussa]

Yeah should have gotten a new driver. It would have fixed most of the issues.

[@VLogTrippin]

How would a new driver increase profitability?

[@BookkeepingExpert]

You're right. But I didn't want to...

[@elisananaestradaovertheroa9675]

You should never start this business with old truck, maintenance will shut down the business

[@BookkeepingExpert]

I wouldn't say 2016 is very old... maybe a little old

[@dallassellers9189]

Nooooooooo say it ain’t so 😢

[@BookkeepingExpert]

I know...

[@elijahelijah2042]

Wow 😳

[@BookkeepingExpert]

It's a sad day

[@xXCasta21Xx]

I was waiting for this video although I didn’t wanna see it 😢

[@BookkeepingExpert]

I know, it's unfortunate....

[@terrancejackson1561]

is a staffing agency worth it?

[@BookkeepingExpert]

No

[@u.duanespence2768]

Have you considered COOP by Ryder?

[@BookkeepingExpert]

No

[@elimuro3173]

@@BookkeepingExpert what’s coop?

[@robertwhitney9806]

I have a lot of questions lol

[@BookkeepingExpert]

Like what?

[@robertwhitney9806]

How many trucks did you start with and end with what was your profit margin after fuel driver pay taxes and insurence

[@robertwhitney9806]

Per truck

[@BookkeepingExpert]

@@robertwhitney9806 that’s a loaded question! I have an entire year worth of KZbin content that covers all of that 🤣 short answer- 1 truck. I lost $20k in 2021 and $20k in 2022

[@robertwhitney9806]

What would you do differently if u could knowing now

[@sasodee8992]

Why you give up

[@BookkeepingExpert]

Lost too much money

[@bayboy1967]

Dude came in trucking when rates were stupid crazy. Have to find out the hard way. You can’t split on truck 3 ways. ( you, broker, and the driver). A lot of guys came in the game, because KZbinrs made it look easy. This is a long term business. Also, I bought a 2020 wabash in 2020 for $29750. You want $28000 for a 11 yr old trailer. You are price gauging. Prostar is the worst model out there. Too many negatives for your business.

[@BookkeepingExpert]

That’s a great price! Keep up the good work 💪🏻

[@jay2times140]

U still the truth

[@BookkeepingExpert]

I appreciate that

[@everettgilpin4529]

Personally, I believe you moved and expanded too fast. Can't get rich fast in this business . You should have stuck with your box truck for atleast 2 years before purchasing another vehicle let alone a semi

[@BookkeepingExpert]

I appreciate your input

[@honorableadrian1818]

Quitter

[@BookkeepingExpert]

I quit

[@juanpancho9575]

Salute to you champ much respect to you

[@BookkeepingExpert]

Thank you!

[@dhardy6654]

Ha... Just bought a reefer for $17k a year newer and mint. Fuck that rental.

[@BookkeepingExpert]

Good price. Happy for you!

[@tsummerlin1998]

i hated to see this video, i found you 4 months too late. i wish we could’ve gotten teamed up man. i just had a truck and trailer pull a 7,000$ week on a 5 day week. i was hoping you would respond to my email. :( best wishes in the future

[@BookkeepingExpert]

You're crushing it

[@David-qz3ce]

a good hard working driver is the hardest to find.

[@BookkeepingExpert]

That’s the hardest part