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As I’ve stated before, I own a small to medium sized trucking company. Most of our loads come from load boards as we are not big enough to secure dedicated lanes with companies like Walmart, Purdue, Aldis, Target etc.
One of the brokers we work with out of Carnegie, PA (large) called me about a dedicated lane for Bridgestone tires from Allentown, main distribution center to Nashville. Apparently the LARGE carrier that has the contract is in breach of contract as they cannot find enough drivers. My DOT consultant also called me asking if I’d be interested in buying a business with 20-30 trucks in PA. I asked why the owner was selling and he said he cant find anyone to drive his trucks and payments, overhead, insurance are killing him. More to come.

As I’ve stated before, I own a small to medium sized trucking company. Most of our loads come from load boards as we are not big enough to secure dedicated lanes with companies like Walmart, Purdue, Aldis, Target etc. One of the brokers we work with out of Carnegie, PA (large) called me about a dedicated lane for Bridgestone tires from Allentown, main distribution center to Nashville. Apparently the LARGE carrier that has the contract is in breach of contract as they cannot find enough drivers. My DOT consultant also called me asking if I’d be interested in buying a business with 20-30 trucks in PA. I asked why the owner was selling and he said he cant find anyone to drive his trucks and payments, overhead, insurance are killing him. More to come.

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[–] • 1 pt

As a new carrier, my insurance for 5 trucks and trailers is north of $180,000 a year! On top of that I have $25,000 a month in truck/ trailer payments, $50,000 a month in fuel, $11,000 for registration renewal, 3% for weekly factoring, 5% for my dispatcher, maintenance is $2,000 a month per truck - $10,000. Driver pay is $12,000 a week.....You get the idea

[–] • 0 pt

Damn!!! So my question is this. I'm moving uhauo type box trucks. Empty. 25k to 50k value if I borrowed one from a friend I would be covered by my regular iinsurance. But the second I make money off moving a truck literally no one will insure me.

It seems their should be a policy that says I am insured to drive vehicles up to 75k even I'd the policy would be expensive that would be fine.

But 140 a fucking day my insurance maybe 80 a month on a 22k dodge challenger

The math doesnt add up.