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    Thread: Should I buy a truck to start my own trucking company?

    1. Junior Member
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      05-25-2013 02:06 PM #1
      I am in quite in a pickle. I have my CDL class A and I am an engineering student. Both are my passions just like cars. I currently work full time as a yard jock. Anyway, my friend and I we tried starting a business before but we failed, now we are thinking of buying a day cab truck to do local and regional deliveries and we have friends who are truckers and would drive for us. We also have his brother in law who is a middle man between truckers and shippers so we're good with that. I also understand how much trucks are and how much maintenance will be, trust me I've done the math I'm very good with it.

      My friends and I have talked about it and we're thinking about it.

      So do you think I should start this with my friends and have my own business?

      I was thinking about getting a Peterbilt 389 daycab with a Cat 550 hp engine. Or a Kenworth w900 with similar specs.

      http://images.traderonline.com/img/4...01781067_1.jpg

    2. Junior Member
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      05-25-2013 02:07 PM #2

    3. Geriatric Member BRealistic's Avatar
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      05-25-2013 02:08 PM #3
      I thought small trucking companies were hurting bad due to fuel price fluctuations?
      “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.”

    4. Junior Member
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      05-25-2013 02:10 PM #4
      Quote Originally Posted by BRealistic View Post
      I thought small trucking companies were hurting bad due to fuel price fluctuations?
      Nope, all they have done is raise prices of shipments, why do you think groceries and most products have gone up in price?

    5. Member aethelwulf's Avatar
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      05-25-2013 02:12 PM #5
      Starting your own business takes a lot of time and effort, is that really something you want to be doing while you're a student?
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      05-25-2013 02:15 PM #6
      Quote Originally Posted by aethelwulf View Post
      Starting your own business takes a lot of time and effort, is that really something you want to be doing while you're a student?
      I've managed to work about 35 hours per week still being a full time student, I think I can handle it. But you do make a valid point. That's why I want to do this with my friends, I don't wanna do it alone.

    7. Member S0RRY's Avatar
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      05-25-2013 02:27 PM #7
      Quote Originally Posted by 908AudiTT View Post
      I've managed to work about 35 hours per week still being a full time student, I think I can handle it. But you do make a valid point. That's why I want to do this with my friends, I don't wanna do it alone.
      35 hours is the extreme low end for an entrepreneur/start up. Why not wait until you finish school, so you can devote your full energy? Otherwise, I see both school and your company suffering from lack of focus.

      I love the idea, and often have thought of doing something similar. Whatever you do, keep us updated.

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      05-25-2013 02:29 PM #8
      As someone who works with many a small-fleeted mom & pop trucking company, the margins are low low low.

      As in "miss out on a couple loads and you're going under" low.

    9. Member Mr. Clarkson's Avatar
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      05-25-2013 02:29 PM #9
      This doesn't make a lot of financial sense. I would recommend buying a Cessna and starting your own airline instead
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    10. Geriatric Member BRealistic's Avatar
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      05-25-2013 02:32 PM #10
      Quote Originally Posted by 908AudiTT View Post
      Nope, all they have done is raise prices of shipments, why do you think groceries and most products have gone up in price?
      But fuel prices can spike during a shipment (after it is quoted)... you have to be able to absorb such unexpected costs.
      Many small trucking companies went under when fuel prices kept going up.... they could never recoup the loss from previous shipments.
      Last edited by BRealistic; 05-25-2013 at 02:41 PM.
      “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.”

    11. Member RzinDubs's Avatar
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      05-25-2013 02:40 PM #11
      I would focus on getting experience in whatever field of engineering you are pursuing.

    12. Member Ed52's Avatar
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      05-25-2013 03:18 PM #12
      Do this math:

      Take estimated operating expenses and X2 that number
      Take estimated profit and multiply by .5
      How many hours in a week dedicated to running company = not enough

      Hey, at least you can say "I am the boss" = priceless!

      The trucking business is a bad financial risk...there is always someone who will undercut your rates.

      It's best to be an employee and be able to sleep at nights.
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      05-25-2013 03:27 PM #13
      Quote Originally Posted by RzinDubs View Post
      I would focus on getting experience in whatever field of engineering you are pursuing.
      This and you can't make a profit for yourself while paying someone to drive your truck. Not to mention a top dollar Pete. You will have to drive it and you'll need a lot more than a whole 35 hours. And no just because the cost of food goes up doesn't mean trucks are making the same profits of 20 years ago. Work for somebody first. A small company where you can get hands on and see everything you need to see there is a lot of things that people don't see unless your in it for a while.

    14. Member Denniswhat's Avatar
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      05-25-2013 03:28 PM #14
      Look into insurance costs. Especially if you are going to have people drive for you. My buddy owns a truck and drives and it is not cheap.

      Your an engineering student.. I would be focused on doing the best you can in school and getting experience in the field you want to work in so you can get the best job you can when your finished. Your paying all that money for college, why are you thinking about starting a trucking company when you want to be an engineer?

    15. 05-25-2013 03:59 PM #15
      Quote Originally Posted by 908AudiTT View Post
      I see you picked a truck with a horrible amount of aerodynamic drag. I've heard that 2/3 of fuel used at 65 mph is used to overcome aerodynamic drag.

      Do yourself a favor and learn a little more about fuel efficiency and what can be done to reduce drag. Your future will depend on it if you are to be successful at the trucking business.

      Classic-looking Petes and Kenworths look cool but represent a cubic a$$-ton of lost opportunity.

    16. Member FuelInMyVeins's Avatar
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      05-25-2013 04:06 PM #16
      Is it even worth to be a truck driver at this time?
      Quote Originally Posted by Brendan@bwalkauto View Post
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      05-25-2013 04:15 PM #17
      Highly likely not to work out.

      Razor thin margins as stated.

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      05-25-2013 04:55 PM #18
      Quote Originally Posted by RzinDubs View Post
      I would focus on getting experience in whatever field of engineering you are pursuing.
      This is what I would do.
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      05-25-2013 05:02 PM #19
      Quote Originally Posted by peevish1 View Post
      I see you picked a truck with a horrible amount of aerodynamic drag. I've heard that 2/3 of fuel used at 65 mph is used to overcome aerodynamic drag.

      Do yourself a favor and learn a little more about fuel efficiency and what can be done to reduce drag. Your future will depend on it if you are to be successful at the trucking business.

      Classic-looking Petes and Kenworths look cool but represent a cubic a$$-ton of lost opportunity.
      THIS
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    20. Moderator Mike0105's Avatar
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      05-25-2013 05:28 PM #20
      Sorry but if you are asking the car lounge whether your business idea is a good one you are in trouble.
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    21. Member lojasmo's Avatar
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      05-25-2013 05:39 PM #21
      Quote Originally Posted by FuelInMyVeins View Post
      Is it even worth to be a truck driver at this time?
      No. Long hours and low pay.

    22. Member XM_Rocks's Avatar
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      05-25-2013 06:22 PM #22
      I sell heavy haul trucks amd large yellow iron construction pieces for a finance company.

      I also have a yard in DE that currently has a blue 2009 Pete 389 day cab at that yard that matches the one above.

      Dual Axle, 550hp, Cummins ISX, 18 speed and 467k in miles.

      If you need any help PM me.

      Quote Originally Posted by peevish1 View Post
      I see you picked a truck with a horrible amount of aerodynamic drag.
      I've heard that 2/3 of fuel used at 65 mph is used to overcome aerodynamic drag.

      Do yourself a favor and learn a little more about fuel efficiency and what can be done to reduce drag. Your future will depend on it if you are to be successful at the trucking business.

      Classic-looking Petes and Kenworths look cool but represent a cubic a$$-ton of lost opportunity.
      Actually the truck he listed is used to haul flatbed' step deck and lowboy trailers.

      Normally with large construction pieces or other bulky items (like bridge trusses and silos).

      It's 550hp and a 46,000lb rear end so it built to haul heavy loads.

      The trucks that you are referring to haul flat box trailers of a certain height so aerodynamics matter and can it is repeatable with each load.

      They have lower power and lower rated rear ends too.

      The heavy haul trucks carry so many different items it is not repeatable.



      Vs.

      Last edited by XM_Rocks; 05-25-2013 at 06:50 PM.

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      05-25-2013 06:25 PM #23
      Thank you guys!!! A lot of good opinion.

    24. Junior Member
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      05-25-2013 06:27 PM #24
      Quote Originally Posted by XM_Rocks View Post
      I sell heavy haul trucks amd large yellow iron construction pieces for a finance company.

      I also have a yard in DE that currently has a blue 2009 Pete 389 day cab at that yard that matches the one above.

      Dual Axle, 550hp, Cummins ISX, 18 speed and 467k in miles.

      If you need any help PM me.



      Actually the truck he listed is used to haul flatbed and lowboy trailers.

      Normally with large construction pieces or other bulky items (like bridge trusses and silos).

      It's 550hp and a 46,000lb rear end so it built to haul heavy loads.

      The trucks that you are referring to haul box trailers so aerodynamics matter.

      They have lower power and lower rated rear ends too.

      So you think if I do go through with it I should get a sleeper cab or maybe a Volvo VN for better aerodynamics? I kinda thought about a day cab because a sleeper is obviously heavier, but also they get better aerodynamics.

    25. Member XM_Rocks's Avatar
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      05-25-2013 06:36 PM #25
      Quote Originally Posted by 908AudiTT View Post
      So you think if I do go through with it I should get a sleeper cab or maybe a Volvo VN for better aerodynamics? I kinda thought about a day cab because a sleeper is obviously heavier, but also they get better aerodynamics.
      You need to decide what you want to haul and what distance.

      You can get heavy haul trucks and regular semi trucks in day cab or sleeper.

      I have a heavy haul Volvo condo sleeper in stock now that is like a mini RV.

      Full kitchen, shower, bathroom and big bed area.

      It's a heavy haul truck but made for hauling a something somewhere and staying like an exhibition trailer or a race trailer.

      Trucks are made in all shapes, sizes and specs.

      You just need to decide what you want to do.

      Honestly before you splash out on your own I would recommend driving for a company first.

      That way you get a taste of what it's all about and what's right for you.

      I am a banker... not a trucker so I don't have any first hand experience of life on the road.


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