Hello I thinking about buying a cargo van an getting a couple of brokers. Any info you have I would appreciate
Its wordy but I suggest you read it. Ive give this first hand experience, non sugar coated answer to all newbies.
Expediting is trucking.
If you're married and want to stay that way I recommend you not get into trucking. Really, its not for everyone. Unfortunately trucking in general is a very cut throat business and there is no excuse for it, but it is. Also, if you want to make money you need to be away from your family. The trucking business is notorious for destroying families even when you are totally faithful to your other half and not to mention the large some of money out and little in.
If you really want to give it a try. Here is what I recommend..
3) Wait until spring before going out on your own, right now it is the slow season. At best, you will be bankrupt by mid January.
4) BEFORE buying a van Look into running with a local delivery company to find out if you have what it takes to do this work shippers, receivers, and drivers are all different animals. You will have time to learn how this business works without having a $ 10,000.00 + investment in a suitable van. Also some local carriers like having a driver or Owner operator on that does not mind being out overnight as the carrier can secure more work.
If its a good fit and you want to get into expediting make sure you have at least three months worth of personal and business expenses in savings. Include everything you need to keep your home and family going, as well as your on the road expenses because you will have to cut your teeth with who ever you work for and this takes time. It will take at least three months to get established with a broker / carrier and their dispatchers. The last thing you want is to be broke, on the road, have a breakdown, or a carrier skip out on paying you.
Decide on a territory you want to run and stick to it. I choose to stay within 500 miles or 11 driving hours of home. Yes, I loose work opportunities, but if I need to be home in a hurry its doable. My family will come first. BTW, That's not a request.
In reality, I make the same if not better money running local / regional as I made running O.T.R. and I sleep in my own bed pretty much every night.
Then there is the decision of authority. Run under someone else's or your own, insurance, how much to charge for rates, and more.
Feel free to PM me if you have questions.
Just remember, I will tell you like it is.
Bob Wolf