>It seems to me that more and more people are joing the
>Expediting industry expecting to roll 24 hours a day....
>Perhaps they are reading the infamous posts from the A Team
>that have them moving all of the time.
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"The infamous posts from the A Team?" Too Funny!
Yes, I post stories that have us moving all the time. I also post stories that have us sitting broke down in a Freightliner dealer for a full week, stranded in New Mexico for another week, stranded at Jubitz for another week, and non-productive for yet another week as we switched fleet owners. Add to that the time we went out of service to take care of things at home.
When my wife and I entered the business 14 months ago, our fleet owner then told us $150,000 to $200,000 a year in gross revenue to the truck was a reasonable expectation, for a hard-working, smart-working White Glove team in a White Glove-equipped truck. We'll complete 2004 in that range, even if we took the rest of the year off (which we won't).
Different strokes for different folks. For some, expediting is a part-time job that supplements their retirement income. For others, it's an all-consuming passion to which they are fully committed.
It's all good. You don't have to earn six figures to be a successful expediter. Success is what YOU say it is and no one else. Of course, whatever your income goal may be , it helps to be profitable along the way. If you aren't, you won't be an expediter for long.
How is it that some teams don't do so well and others do great? I can't say because I don't know well how other people set their goals and run their businesses. I can offer the factors that contributed (we believe) to our expectation-fulfilling year:
1. My wife and I (D-unit team) have been in service over 80% of the time from January through August, and over 95% since mid-August. In July and August we completed the lifestyle changes we made to become expediters, and found our way into a more-reliable truck (knock on wood).
2. Our load acceptance rate is also around high. While we turn down a load every once in a while, we generally do what an Internet writer named Virus (screen name) suggests; namely, accept any load that does not lose money.
3. We don't limit ourselves to no-touch freight. We'll break sweat and get our hands dirty if need be. That increases the number of loads we're eligible to haul, as do the following.
4. We go to Canada.
5. We go out west.
6. We drive in the winter.
7. We drive on weekends.
8. We drive on holidays (except Christmas).
9. We drive in New York City.
10. We accept transfer loads off other trucks.
11. We take runs that are less than 75 miles.
12. We permit couriers to ride with us in our truck.
13. We have security clearances.
14. Our truck is lift-gate equipped (increases the number of loads we're eligible to haul, and the tariff too).
15. We have done and will soon again do reefer loads (increases the number of loads we're eligible to haul, and the tariff too). Our current truck is not reefer equipped. Our new truck will be.
In 2004, we've faced the same challenges most expediters face; getting stranded out west, getting stranded by truck failures, giving up income because we wanted to go home, etc. Nevertheless, we had more great weeks than poor, and all weeks averaged out to the income range stated above.
Contrary to what some have suggested in this thread, our fleet owner did not create false expectations regarding income. We fulfilled our expectations and more.
The most recent challenge - fuel costs - is on our minds but not troublesome. While the fuel surcharge does not cover deadhead miles, it's still profitable to run. We live a debt-free life at present. Fuel could double again and we'd be able to keep on trucking.
Regarding the new truck we have on order, we will not at this time confirm or deny anything other folks are saying about it. We'll freely share our truck specs after the truck is on the road. We're financing our new truck, which will of course put us back in debt.
I will let on that certain folks that have taken a curious interest in our new truck will think the purchase price to be obscenely high. They will be correct. Brand new, perfectly functional, and very nice expediting trucks can be purchased for $100,000 less than we'll pay for ours.
Oooooooooo! Eeeeeeeeee! We can't wait 'til it arrives!
Looking forward and talking about expectations, we expect to retire the truck loan years ahead of schedule, using nothing but our expediting earnings to do so and to pay all truck-related expenses. Our expectations are grounded in our past performance, industry research, and lifestyle choices.
There is nothing special about us. Lots of expediters and many more truckers in other industry sectors gross more money than we do. What's special is expediting itself. It's one of the most straightforward business opportunities in America today. Whatever general economic conditions may be, expediting is a career field in which good money can be earned if good plans are made and good efforts are given.