Enterprise!!!!! Makes sense even IF you have the cash! Those who do have the cash are more likely to hold on to it and use the enterprise method to reduce risk of loss! Thanks for the tips .. understand that you are feeding and growing wisdom in this industry.. although many already know , there are those who simply don’t.
The whole time I’m was thinking why didn’t he just tell us the truth because if your making $300,000 monthly and 10% goes to insurance 20% goes to fuel and other stuff you were nibbling tiny pieces of profit from the beginning; he was trying to impress somebody
I appreciate your honesty and your viewpoint in this video, also that you still seem to be commenting on this video after 2 years. That is awesome. You basically built your entire business on rental equipment, is that right? Presumably, if you owned (outright, no payment) a truck and a trailer you could have continued on and just scaled back? I never understood the reasoning behind hotshotting, because it seems like (to me at least) you have to go through all the same hoops (insurance, HOS, logs, etc...) as you would with an HD truck, so might as well just do that. I understand the appeal of not needing a CDL, but I paid $2000 and got mine in 2 days start to finish. Not a big deal.
Thanks for the kind words. A few years back some youtube video i watched said something along the lines of "you don't have to remember what you said in your videos as long as you always say the truth." That's why honesty is the best policy. As for trucking & business. Naturally, hindsight is 20/20 and my knowledge about the industry is deeper now than before. That being said, used vs new vs leased is an old debate in trucking. The correct answer to that debate is what are the numbers and do they work for your company. It's easy to say that "my business was built on rental equipment" and owning outright is better but the reality is I had 5 company hotshot setups. To keep the numbers simple let's say that's $100,000 for each setup (70k truck, 20k trailer, 10k misc) That means I'd need to have $500,000 in cash. I do not have 500k cash, and even if i did, I think it would be unwise to spend it all on depreciating equipment. Instead of looking at something in dollars, it's better to look at it as a percentage. my rentals cost me about 20% of gross revenue. A paid off truck usually means an older truck. Even though there's no monthly payment, the cost will still be around 20% because of maintenance, towing and downtime / opportunity costs. Every new truck becomes a used truck, and they all breakdown and need maintenance. As for hotshot not making sense, i kinda have my foot in both camps. On one hand non cdl regs are confusing and state dependent, it's harder to find freight and equipment longevity is a concern. On the other hand semi trucks are going for $2/mile just like hotshots now a days, which one do you think is cheaper to run? which one can you do your own maintenance on? which one do you think is easier to finance? This is why hotshot will never cease to exist. It is a tough freight market right now and hopefully that improves for everyones sake.
Points to points 1 Driver safety % and insurance is a big deal and is partly why the are so few true owner operators 2 You can set or negotiate your rates if you do your own work 3 The biggest issue is always foreign competition forcing even transportation to run on thin margins. We're addicted to cheap crap and slave labor
Hello! What about 2013 3500 ram standard 6 speed transmission to start hot shot on ending 2024 so it was buy new by my brother in law never working heavy loads just 190K miles runs fine not issue not light not problems ever
Bro, I was looking at your first video about your truck. FYI, the jackass's like me that look at your videos are your audience. "Be unapologetic" this is what you do we watch. I don't care if you don't like certain things about your Rig . Just show me how you get things done. People are going to criticize your choices, your tools, your work, your truck. I looked at your video because I like something about your truck. Keep doing what you're doing.
If I'm pulling a trailer buy a chassis cab, single rear wheel, you can put dually on it if you want to, or stay single, but they make 19.5 tires that are rated for whatever you want, many different sizes and up to 10,000 per tire in 19.5, in the winter, icy roads snow covered they are dangerous, but in the summer months dually s are awesome
This is really a tool for dispatchers or owner operators to use to assist in load searching, it doesn’t really replace the dispatcher as it still requires human oversight
Ufff, Michelin and BFG are the very best I've ever tested. Goodyear chip away, Bridgestones usually to okay but lack some grip and some durability. Yokohamas grip like crazy bjt won't last over 25k miles. BFG KO2's last forever, although they are heavy and loud. Still waiting for my current tires to get trashed so I can test the Michelin LTX. I've owned michelin tires for cars and SUV's, but never for a 3500 truck. It is a chevy express 3500 LWB that makes 65% of its miles absolutely empty and the other 35% loaded anywhere between max payload and half of that.
That's interesting. I wonder if you can add features to calculate total profit after operating cost. Show what the real profit per each load is. Then you could flag all loads that are unprofitable and sort them to the bottom of the list.
That’s too Funny? $7k with Alex shareware open source garage play code and $10k without it. Failed driver, failed owner going for the trifecta in dispatching..
Should put out a video about getting loads with a new authority Where do you get the stickers from do they need to be on both sides or just one? Thanks 🙏
What do you need a shower for it's too easy for you your not sweating or doing manual labor you waste money on hotel when you got a perfectly good truck to sleep in
Alex. This is Wayne Wright. Glad to see all your doing. Don't stop keep going man. Miss our calls man. Hope the market turns around and hopefully see you back out here soon man
No way in hell I would have done that for 65. It would have cost me 9 gallons. I'm gas, so 27.00. Then wear and tear on truck, dealing with traffic, In and out of truck. Nope, no way I would have needed at least 200
H.S. do work for 1/2s...for starters. My experience was to see if trucking was for me and got an F150 with a trailer. I couldn't believe the freedom and money I was making, OTOH I've learned the pitfalls and glad I did it with a "small" truck rather than a dedicated diesel hauler (which I have now)..
Super cool dude! We signed up for his service today. It works great it is seamless, easy to understand. But at the same time, operates sophisticated tasks. We reached out to him, and he actually called us from his personal phone! Highly recommend his software, this is going to be big!
