Give It A Go Or Call It Quits?

Topic 29840 | Page 1

Page 1 of 1
Peter Q.'s Comment
member avatar

So I started a trucking company to help out a friend, then he got his license suspended. Go figure. Did all my research AFTER I spent all the money just like your supposed to. Bought a new 3500, got a DOT and MC, started the LLC and he was off hauling campers just like the lady I work with who got me interested in this gig. Did I mention my buddy has an at fault accident on his record? That made the insurance company a very tidy profit. So we’re off, after a couple stupid mistakes on my friends part we were making money or at least he was and I was able to cover my expenses. Like I said this all started to help out a close friend who was down on his luck, I didn’t mind and kind of expected to not make much if any money for myself in the beginning. I figured we could get it going, I would learn all I needed to know over the first year or so then I could quit my job and drive too. Well as stated earlier his license was suspended for nonpayment of tickets from the aforementioned at fault accident. So like an idiot I hired on a kid who worked for me as a mechanic at the dealership I managed. He said he had a clean record and I believed him since as a technician he has to disclose any tickets to me his manager and our insurance at the dealership never said anything about the two speeding tickets on his record. Fool me twice shame on me, My wife says I’m too trusting in people, I hate when she’s right! But in true idiot fashion I went out and bought a 20+5 gooseneck and had it de-rated down to 12k so we could stay non CDL until driver number 2 gets his CDL. Well being young with two tickets did not make my insurance cheaper, go figure. So in a last ditch effort to cover my expenses he’s on the road right now hauling his first camper and of course now he doesn’t want to be away from his girlfriend that long. He said she might want to be his co-driver, not sure how I feel about that yet but at least she supposedly has a clean driving record. Figures, only the owner and the driver’s girlfriend have clean driving records. I am looking for advice on my next move, call it quits or ??? I would like to drive but with kids I’d want to stay local, not sure if you can make a living that way. Any advice will be greatly appreciated and sorry for the long rant.

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

TWIC:

Transportation Worker Identification Credential

Truck drivers who regularly pick up from or deliver to the shipping ports will often be required to carry a TWIC card.

Your TWIC is a tamper-resistant biometric card which acts as both your identification in secure areas, as well as an indicator of you having passed the necessary security clearance. TWIC cards are valid for five years. The issuance of TWIC cards is overseen by the Transportation Security Administration and the Department of Homeland Security.

OOS:

When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.

IDMtnGal 's Comment
member avatar

Since your wife has already told you, I won't say it again. What I will say is that if you can afford to shut down, that's what I would do. None of those three are doing you any favors.

Laura

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Mikey B.'s Comment
member avatar

So I started a trucking company to help out a friend, then he got his license suspended. Go figure. Did all my research AFTER I spent all the money just like your supposed to. Bought a new 3500, got a DOT and MC, started the LLC and he was off hauling campers just like the lady I work with who got me interested in this gig. Did I mention my buddy has an at fault accident on his record? That made the insurance company a very tidy profit. So we’re off, after a couple stupid mistakes on my friends part we were making money or at least he was and I was able to cover my expenses. Like I said this all started to help out a close friend who was down on his luck, I didn’t mind and kind of expected to not make much if any money for myself in the beginning. I figured we could get it going, I would learn all I needed to know over the first year or so then I could quit my job and drive too. Well as stated earlier his license was suspended for nonpayment of tickets from the aforementioned at fault accident. So like an idiot I hired on a kid who worked for me as a mechanic at the dealership I managed. He said he had a clean record and I believed him since as a technician he has to disclose any tickets to me his manager and our insurance at the dealership never said anything about the two speeding tickets on his record. Fool me twice shame on me, My wife says I’m too trusting in people, I hate when she’s right! But in true idiot fashion I went out and bought a 20+5 gooseneck and had it de-rated down to 12k so we could stay non CDL until driver number 2 gets his CDL. Well being young with two tickets did not make my insurance cheaper, go figure. So in a last ditch effort to cover my expenses he’s on the road right now hauling his first camper and of course now he doesn’t want to be away from his girlfriend that long. He said she might want to be his co-driver, not sure how I feel about that yet but at least she supposedly has a clean driving record. Figures, only the owner and the driver’s girlfriend have clean driving records. I am looking for advice on my next move, call it quits or ??? I would like to drive but with kids I’d want to stay local, not sure if you can make a living that way. Any advice will be greatly appreciated and sorry for the long rant.

I believe it's time to sell off and cut your losses while you arent in too deep a hole to climb out. As the owner it is your job to check their license status rather than taking their word for it. As long as you won't do your job you can expect to be shat upon by the friends you are trying to help. Unless you have 7 figures plus in the bank put a stop to the madness. If your friend is down on his luck there is often times a reason for it (his poor life choices) and lying to you when you spent your money to help him proves my point. The stupid mistakes weren't just on your friends part. Cut him loose, shut it down.

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

TWIC:

Transportation Worker Identification Credential

Truck drivers who regularly pick up from or deliver to the shipping ports will often be required to carry a TWIC card.

Your TWIC is a tamper-resistant biometric card which acts as both your identification in secure areas, as well as an indicator of you having passed the necessary security clearance. TWIC cards are valid for five years. The issuance of TWIC cards is overseen by the Transportation Security Administration and the Department of Homeland Security.

OOS:

When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.

Sid V.'s Comment
member avatar

That's a lot of work, money, and timefor me to shut it down. I would look into hiring a driver after you run everything on them if I were in your shoes.

Mikey B.'s Comment
member avatar

In the late 90s I worked with a guy at the post office, he decided to buy 3 Dodge dually trucks and hire drivers to haul campers as well. He had a hard time keeping drivers and wasn't making much when he did have drivers. After a while he shut it down, sold 2 of the trucks and kept one as his daily since he lost his shorts on the resale value on the trucks. He had big dreams but like yours, they never came to fruition. It is difficult to find qualified drivers with clean records that are willing to sleep in the back seat of a pickup while on a load. You have already experienced many of the issues. I believe you already know you need to sell but are here for validation that it's the right move. If you think you can find a qualified driver then DO A BACKGROUND CHECK to include his driving record, no more surprises but you already know what you need to do. You didn't do this for you, you did it to help a friend and he burned you.

Steve L.'s Comment
member avatar

Sounds like you can can count on YOU. I’ve been there, done that.

Why are you looking to us? You’re either an investor or a doer. If you’re an investor, make an investment decision. If you’re a doer, with limited funds but strong work ethic, make a work decision.

I agree these others are not doing you any favors.

It sounds like a mutual fund would serve you better.

Peter Q.'s Comment
member avatar

Any hope of driving myself? Is it a dream to make money staying local non-CDL?

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.
Peter Q.'s Comment
member avatar

That's a lot of work, money, and timefor me to shut it down. I would look into hiring a driver after you run everything on them if I were in your shoes.

I agree, I don’t want quit if there’s a way to make it work.

Davy A.'s Comment
member avatar

Hmm. As a business owner, it sounds like you are not in control of your operation. Your wife is definitely correct, sorry to point out. Aside from that, put down all your expenses (overhead) down in one column, include rent, food, household expenses. Across from that, put down what revenue you, yourself can generate. Hopefully, you can generate enough revenue (completed sales) to pay for your weekly or monthly expenses.

If you can not cover your expenses without help, hire someone you DONT know, thats NOT a friend, after doing a background check, MVR check and references check on them. Their labor then becomes an expense, billable to the job. The revenue of each job they produce should be double the amount you pay them. Keep in mind, that after you pay them, you are still paying overhead on top of them (GL insurance, Workers Comp if applicable, MC and DOT , Commercial auto and freight insurance, fuel, maintenance and repairs, Yard and shop rent, etc, etc. In general, for a business to keep the lights on, they need to make 44 percent at the production level, that may well get whittled down to 6 percent or lower after OH and misc costs.

This is assuming its your butt on the line-Its your business, your DOT number and MC Authority. Your assets. You started it, you make it go.

Over the years, every so often I would forget the lessons of keeping it small and my ego would start controlling my business, Id make it huge and loose a bunch of money until I relearned the lesson. Keep it small. Keep it under your control. If you can keep control of your business without having employees, your doing yourself a favor.

Owning a profitable small business can be very rewarding, but it takes tremendous work, diligence and attention to detail.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

MVR:

Motor Vehicle Record

An MVR is a report of your driving history, as reported from your state Department of Motor Vehicles. Information on this report may include Drivers License information, point history, violations, convictions, and license status on your driving record.

OOS:

When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.

Page 1 of 1

New Reply:

New! Check out our help videos for a better understanding of our forum features

Bold
Italic
Underline
Quote
Photo
Link
Smiley
Links On TruckingTruth


example: TruckingTruth Homepage



example: https://www.truckingtruth.com
Submit
Cancel
Upload New Photo
Please enter a caption of one sentence or less:

Click on any of the buttons below to insert a link to that section of TruckingTruth:

Getting Started In Trucking High Road Training Program Company-Sponsored Training Programs Apply For Company-Sponsored Training Truck Driver's Career Guide Choosing A School Choosing A Company Truck Driving Schools Truck Driving Jobs Apply For Truck Driving Jobs DOT Physical Drug Testing Items To Pack Pre-Hire Letters CDL Practice Tests Trucking Company Reviews Brett's Book Leasing A Truck Pre-Trip Inspection Learn The Logbook Rules Sleep Apnea
Done
Done

0 characters so far - 5,500 maximum allowed.
Submit Preview

Preview:

Submit
Cancel

Join Us!

We have an awesome set of tools that will help you understand the trucking industry and prepare for a great start to your trucking career. Not only that, but everything we offer here at TruckingTruth is 100% free - no strings attached! Sign up now and get instant access to our member's section:
High Road Training Program Logo
  • The High Road Training Program
  • The High Road Article Series
  • The Friendliest Trucker's Forum Ever!
  • Email Updates When New Articles Are Posted

Apply For Paid CDL Training Through TruckingTruth

Did you know you can fill out one quick form here on TruckingTruth and apply to several companies at once for paid CDL training? Seriously! The application only takes one minute. You will speak with recruiters today. There is no obligation whatsoever. Learn more and apply here:

Apply For Paid CDL Training

About Us

TruckingTruth was founded by Brett Aquila (that's me!), a 15 year truck driving veteran, in January 2007. After 15 years on the road I wanted to help people understand the trucking industry and everything that came with the career and lifestyle of an over the road trucker. We'll help you make the right choices and prepare for a great start to your trucking career.

Read More

Becoming A Truck Driver

Becoming A Truck Driver is a dream we've all pondered at some point in our lives. We've all wondered if the adventure and challenges of life on the open road would suit us better than the ordinary day to day lives we've always known. At TruckingTruth we'll help you decide if trucking is right for you and help you get your career off to a great start.

Learn More