Get Into Trucking? Or Get Out Of Trucking?

TRUCKING CALCULATOR: truckercalculator.com
Question 1: Should you get into trucking?
Question 2: If you are in trucking, is it time to get out?
These are the two questions I will try to help you answer today. Everyone is different, everyone's operations are different, and I hope this video will give you clarity on whether its a good time to get into the trucking industry, whether you should change from an OO to a company driver, or whether you should leave this industry for now.
Thank you Denis from Alvil for being the inspiration for this video! / @alviltruckinginc
📖 COURSES:
➣ Dispatch Course: miranda-c-s-school.teachable....
➣ Open a Trucking Company Course: miranda-c-s-school.teachable....
➣Trucking Business Planning and Management Course: miranda-c-s-school.teachable....
📌MORE:
➣ RTS Fuel Card: www.rtsinc.com/agent-company/...
➣ RTS Factoring: www.rtsinc.com/agent-company/...

[@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?

[@Joe-qv6jh]

​@@TruckingTendencies He took a bus to mexico, then threw away his USA I.D. and returned as an un-documented migrant wearing a "support Biden" t-shirt ! Now he gets twice as much bucks a month as he earned trucking, free room and board Ina four star hotel, free medical, free smart phone and and wi-fi service , and a free democrat voter I.D. card to keep the free stuff coming !

[@frankrodriguezit]

Me too, what did u try next?

[@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.

[@Joe-qv6jh]

​@@Dominancelogistics That's no conspiracy. That's reality. It's game over for owner ops, and most big carriers too. Don't believe me ? Keep losing money for another year and see for yourself. If YOU are not making REAL money TODAY, YOU NEVER WILL.

[@teeone10]

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

[@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.

[@Joe-qv6jh]

Yes, if the load don't pay enough to dead head back to the house and still make money, then don't take it. Today, you must make ALL the money on the outgoing load from your house, or you'll burn your profits chasing pennies after you drop. At the drop, never hang out for more than 48 hours looking for a decent return load, or your eating up your profits in living on the road costs. If you can get a return load to pay fuel and it gets you close to home , take it. Set the cruise at 55 and tea total your way back. If not, set the cruise at 55 and head for the house while scanning for loads in your route.

[@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.

[@Joe-qv6jh]

​@@truckerwayne Yup, you aint the fool. Absolutly the least stressfull way to roll today. I am many years into retirment now but I still get load rates in my emails , and keep an eye on a few load boards and these yu tube channels just to see whats happening, and maybe offer a little advice where it might help someone. I had a great time with trucking and made real money with heavy haul. One pretty 500 hp 18 speed rig, only me behind the wheel, my friend/ secretary/ banker, taking care of the paper work, a good accountant telling me every quarter if I needed to be spending more or spending less, a damn good mechanic who I let use my shop, rent free, to run his business out of, in trade for keeping my rig in tip-top,shape, plus paying him $35 an hour for any major repair or rebuilding work. I kept a tablet on the dash, and no matter if it was a burnt light in the dash, or a noise, or a squeak here or there, I wrote it down as it happened, then gave him the list when I got back , and my rig was well maintained , and back to perfect when I rolled out again. It was a win-win for everyone. I still miss driving that first class set-up. Getting to run s great truck to the four corners of the country and some of Canada, and pulling onto the fuel islands owning (free and clear), something a man can be proud of was pure entertainment all by itself. It never goes out of my thoughts.

[@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…

[@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 😂

[@Joe-qv6jh]

​​@@TheDudeChronicles If you have a solid profitable contract lined up with someone you really know, you can do ok. If not, you are going to go into debt to buy a job, not a business. With current rates, if you have to rely only on load boards ,your are going to see at tax time, that you have a low paying job (if you are profitable to pay yourself wages ). This is a terrible time in history to go into trucking. Once your equipment is dot road ready, you still need $30 grand cash up front to get legit with your own 48 state authority, and still have a little operating capital. I hear of guys paying $24 grand a year in the required insurance policy's. If you own your equipment outright , you're still not making sustainable yearly income because you're not loaded enough over give away rated loads that you must refuse to pull or you'll go bankrupt over rolling maintenance and fuel. If ya just have your heart set in driving a truck, then (at this time), I strongly advise you to find a company to drive for. All aspects of truck loads are 95% depressed in both availability and survival only profit margins. Why take on debt to bet on a lame horse ? I sold out and retired from my heavy haul operation in 2013 because of this same no money environment. I was a bought and paid for, one rig, 7 axle gig with me driving and a good mechanic who came to my shop when I needed him. After 2008, trucking started sliding down. I've been watching load rates ever since. Other than dealing with the COVID thing, rates have only gone down since I got out, and costs have only gone up. The woman in the video knows what she's talking about. She gives you all you need to know that trucking is about the last to enter today.

[@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

[@Joe-qv6jh]

If you are trucking as O/O, here is your simple deciding factor . If it has come to the point that you can no longer easily afford to have your rig washed once a week at a commercial truck wash, and you cant afford to have all of your aluminum wheels and tanks polished once a month at a commercial polish shop, then you have an unsuccessful business, and it's time to execute your exit from the industry. Things are tight and going to get tighter. The usa and European economy's are dying a slow and painful death, and western sanctions snd borrowed war bucks have put "BRICS" in a position to sink the dollar and Euro currency's into zero global value. This is not the bottom. Even if Trump, and a full Trump Congress gets in, it will be two years mininum to see (IF) anything gets better in trucking volume and rates. Migrants are being hired by the big carriers which is driving down their costs and rate bid drops will follow until all O/O, and big carrier competitors are pushed out ! These are the brutally, hard, cold facts ! Push everyone you can find to Vote in november. YOUR country's future is on the line !!!.

[@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!

[@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.😂

[@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.

[@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

[@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.

[@parneetsingh2295]

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

[@domenicdifilippo2647]

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

[@martinhdez8900]

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

[@sonnygreen9698]

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

[@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.

[@therealdee9]

Your spot on per usual, great video

[@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 .

[@RomanVarl]

Great info Miranda, thank you!

[@Breezeyogi]

Miranda is brilliant and practical as always

[@frankrodriguezit]

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

[@birgrww1527]

Great info!!! Thank you!!

[@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

[@ThinkFreight]

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

[@user-sj7ub4fi1i]

Awesome. Thank you 🙏🏼

[@pargatpannu-topic9456]

Helpful video, Thank you

[@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.

[@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.

[@christofonobrown3659]

Thank you for this video.

[@roadlion7195]

Great video!

[@sacalvetti]

Very wise advice!! 👍🏽

[@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..

[@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.

[@myattsr4405]

Great info, thanks...

[@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.

[@treeo1969]

This was so informative thanks

[@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.

[@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

[@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! ❤

[@brandoncooper4868]

I agree, I am contemplating shutting down

[@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.

[@Dean-pc1ok]

Amazing video wow,

[@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

[@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. 👍

[@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.

[@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

[@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!!!

[@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 ✅️ 👏 👌 ❤

[@maheshsewa5693]

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

[@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.

[@dangranot5703]

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.

[@berekettiramo7495]

Absolutely right

[@Kai-je6sq]

I love your blouse

[@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.

[@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!!!!!

[@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.

[@jimhays1896]

Glad to hear you drop the F bomb.

[@Singhamanus5]

Bought used truck and trailer, RUNNING ON PAPER LOGBOOK, $50,000 gross, accepting load as team, driving 15 hours minimum, taking home $25 k 😃🫡 🤫 I’m all GOooOoOOoD ❤ let’s keep killing it bros

[@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.

[@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.

[@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

[@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.

[@periscope1368]

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

[@purplewound]

Thank you very much for the content, much appreciated. I'm currently running 2 trucks as an investor under 2 different carriers by hiring drivers. So far i'm not happy with the earnings. One carrier can do rpm of 2 USD while other performing worse, therefore lowering my total income. What would you recommend to investors (not owner operators) while choosing a carrier for such operation like mine?

[@noblexavierrossom]

I’m aging my dot/ mc now I’ll be ready in 3 months

[@time2chill121]

I think it all depends on your personal situation

[@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

[@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.

[@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

[@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 🤑

[@gilbertoavina6156]

2 videos in 2 days? Is it Christmas? 😃

[@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

[@level80888]

nice.

[@lolayuldasheva718]

Hi, Miranda. The rate is still low. And no loads except Florida, Georgia, South Carolina, and California.

[@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 ❤

[@Rickyboricky]

There may be a big uptick in DOD freight soon.

[@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?

[@godsok1]

I’m an owner op my numbers with a carrier agreement with a mid size refer company no fee to pull there trailers I pay for refer fuel I get 83% of the line haul and use there fuel card with a pretty good discount. I have a 2020 Pete with a 1600 dollar payment so far I’ve been able to do ok it’s mostly contract freight and a lot of drop and hook.

[@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.

[@PrepareHisWay]

We're EXITing! Period!

[@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.

[@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

[@dannydivine7699]

Don't forget EVERY company driver is making additionally an employer matching amount of FICA deductions, used to be like 7.65% but I would have to verify if that's a real number now or not

[@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

[@gregvernick810]

How come when I message you about being booted for $1800 in Charlotte, North Carolina? I didn't get a reply but when I said something like you should get out of tracking because of your title you answer me. You have a good Mother's Day.

[@MOHVLOGG]

That is true 😅😅

[@rosh3918]

Miranda said im including that calculator so you can count the losses

[@nickychebbi587]

Hi, What's the name of the calculator you're using? Where can I get it? Thanks

[@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!

[@andrewg5777]

Do you consider in earnings the truck price after it have been paid off? In that calculation it's a free money 😉

[@skipdegraff6547]

There's a song about this sang by the Oak Ridge Boys

[@Jose-gq8wc]

Well I'm about to shut it down I just don't see it. is just going to come back up to what I have seen in the past and it's still not enough, I think.

[@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.

[@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.

[@hecctorluispagan2072]

Have you ever done a video on Dimensional Weight vs Rate per mile?

[@jonathanr9870]

Numb but accurate

[@Talore-Evans]

Theres is a driver I know that makes 64 cents per mile pretax as a company driver. Their truck is being towed for a fuel valve issue and they are getting breakdown pay if down for more than 12 hours.