Good and Bad in this business

raceman

Veteran Expediter
After seeing the locked thread I thought I would jump in here to try and give my picture of Expediting.
To begin with I think the test that LDB and others refer to is exactly what you should try as a married couple looking into this business. Living in a truck is for very few people. If it works it normally works well and if it does not work it normally ends the business venture and the marriage and I know folks that it did this to.

As for money. I have found it to be very very very good money. I have never made a secret of how great I feel about my decision to be in this business. When I ran team and owned one truck I made more money than at anypoint in my life. The down side is that I had no life. I did no site seeing because we were rolling and when I was not in the drivers seat I was trying to get some sleep in the god awful bouncing sleeper. I did however have an income like nothing I had ever seen. I could not take the lack of sleep and another person in that box any longer. I also lost my girlfriend, could not find a new one and never saw my kids. Never saw the ex wife either and that was a plus. I did make good money.

I then added trucks and even sold two local trucks and had money. Now I had drivers and money and boredom. Then all hell broke loose. Break downs, drivers selling fuel, drivers turning down freight, drivers sitting home and telling me they were on the road and on and on. It just was getting horrible. At this point after a year of $17,000 in repairs and lost income the business did not look so good.

I am now back in one of my trucks and simply driving by myself and am back to making pretty good money but I still have a truck and driver out there that for whatever reason run like mad never stop but there is no income. Where is all the money from that truck going. While I am out driving I think about my other truck and what in the world is happeneing to all the income. I dont know yet but I will and when I do there will be hell to pay.

The bottom line is this is not a picture perfect business and too anyone that has lasted more than a few years they deserve to clean up the pretty pictures. I simply do not think it is possible for anyone in this business to have only a perfect picture. I am sure it does happen but I have yet to meet one person that it has happened to. I think if you get in this business with a truck that never has a problem and you simply do not care about how much good sleep you get, where you shower and who sees you, how much it stinks and how loud it is when you do get to park, what you eat and how much you see others in your life, then you will love this business.

I do love this business and I plan to stay in it a long time but it will be in one truck and at my pace. I figured all that out on my own despite everyone having told me up front. I come from a family that has had a number of trucking businesses and I even have a daughter and son in law in the business. I never listened to any of them and I never listened to anyone else. I learned it my way in my time. I am guessing I lost thousands up on thousands of dollars due to looking only at my pretty picture.

When I am finished squaring everything in my business away and get down to only the one truck and simply do it myself and only as much as I want to do, I think I will be back to making money and enjoying myself. Now that part of this business is a very pretty picture. The bottom line is take your time listen to others good and bad and do this right and you will make good money and you will enjoy it. Very few do both witout problems.

To anyone that wants to know about what can go wrong I will gladly share my stories one on one if asked. To those living pay check to paycheck I once again strongly suggest you listen and learn and take the time to try this on someone elses dime first. I can honestly say if I had not started with a nest egg not only would this have not been a pretty picture but I most likely would not have had a wall left to hang a picture. Be careful do not jump in without all you need to know.

The up side is I love the business and have never for a moment wished I was not in it. You just need to be able to handle the down sides from a finacial standpoint. You also need a lot of knowledge that you have never gotten anywhere else in your life. There is nothing that will prepare you for what goes on out there. Only road vets can teach you this or time out there and if you are going to rely on that, do it on an owners dime not your own.


Raceman
Owner Two Straight Truck.
Part time driver of one of my trucks and local TT.
15mon.OTR Expediting
1 yr local Expediting
Line Haul TT 2mon.
OTR Straight Truck Plt to Plt off and on 5 years.
Based in Cincy Ohio
Currently at Express-1
 

terryandrene

Veteran Expediter
Safety & Compliance
US Coast Guard
Once again Raceman has come through with the story behind the story. There is not much to add except that but for the extra trucks, Rene' and I have experienced the same ups and downs and continue to feel the same about this business as Raceman. Bravo for yet another good post.

Terry
 

Tennesseahawk

Veteran Expediter
Hey Raceman... long time, no talkie :D

I'll tell you where the money has gone, in my opinion. Since I started running in 96/97, fuel has gone up 2.5x of what it was, a meal has gone up $2-5 or more, bills at home... well, don't even go there. Oh yeah... forgot to mention that the companies we run for cut our rates BIGTIME!!! If you're one of the lucky ones who's been with Panther more than 3 years, and have that wonderful $1.35/mi rate, more power to ya. Most of us got the short end of the stick.

The whole secret to financial happiness in this business is budgetting. Eating one or two meals out of your microwave is big savings. I buy pop in cans for when I'm sitting, and bottles for when I'm driving. Cigs are in the carton and only in KY when I can help it. Laundry is only done at home, so I take plenty of clothes with me. If I can get to a Walmart, I get whatever I can as far as food and supplies.

Things add up quickly. Everyone has seen those who live at the truckstops and buy things at twice the market value. Their paychecks are gone in no time. Well, I'm done mouthing off. It's 64 here in Nashville, and I'm roasting in the truck. :p

T-hawk
"Courage, America, courage" - Dan Blather
"Porridge, America, porridge" - Goldilocks
 

RichM

Veteran Expediter
Charter Member
Last Sunday I cleaned out all of my records from the Roberts Express days and it really opened my eyes. Back in the late 80's and 90's the freight charges were somewhat better then today. Yet expenses were so much less. In 1993 Flying J was selling fuel for $1.01 per gallon,labor charges at the F/Liner dealer that I deal with were $38.00 per hour,now it's $84.00 per hour and the list goes on and on.

One thing that worked well for us was that there was only 3 carriers of any size competing,Roberts,Tri State and a company called Eagle who folded after their contractors decided to band together and go on strike. There were some smaller carriers,we can all remember Freds Fast Freight, but now it seems like there are a zillion carriers all going after the same freight.

So the shippers play off the companies and get lower rates but we all suffer. x( x(
 

davekc

Senior Moderator
Staff member
Fleet Owner
RichM wrote
Last Sunday I cleaned out all of my records from the Roberts Express days and it really opened my eyes. Back in the late 80's and 90's the freight charges were somewhat better then today. Yet expenses were so much less. In 1993 Flying J was selling fuel for $1.01 per gallon,labor charges at the F/Liner dealer that I deal with were $38.00 per hour,now it's $84.00 per hour and the list goes on and on.

Ditto!!!
We did fantastic with Roberts Express. Those truely were the golden years of expediting. A bad month was $16,000 gross per truck. And as RichM mentioned, a fraction of the expenses.

Ditto again!
Raceman gives a great description of todays expediting climate.
This is much closer to reality, verses flowery tourist and get rich overnight stories.

It is still a great business but in todays world you must run a very tight ship.
Davekc
owner
20 years
 
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