From another thread:
Quote:
Originally Posted by GMAN
I am sorry to hear about the problems in your business, Joymax. I hope things work out for you. There will always be ups and downs in business. Both are just regular cycles we must endure.
Unfortunately, we are currently in a down cycle. It is only a matter of time when things turn around. We prepare for the down cycles during good times so that we can survive and prosper regardless of what is going on in the rest of the world.
Rates are likely to be soft for at least the next couple of months, if not longer. I expect the year to be off from a year or two ago. We go through these every several years. When things get tight we must become more creative in how we conduct our business.
|
I didn't want to hijack Joymax's thread, and this bears repeating.
The slow times should be planned for, when you try to figure what it cost per mile, per day, per week, per month, ect.
I've said that the cost to run a truck is $1.70 a mile, and really, that is too low. It will be different for everybody, depending on dead head, idle time, collections, ect.
Another thing nobody plans for, is getting cheated.
It happens to company drivers, flease operators, O/O's and carriers.
It has always been a ruthless business.
What is your trucking objective?
Take a look at talented Freight Broker: The Freight Trainer, conversing with potential customers:
This is his profile page. You can click the link on the left, to see the entire conversation.
http://www.indeed.com/forum/profile/thefreighttrainer
Phil Scott's web site: He sells broker training.
http://www.freighttraining.com
Looks like you sell your soul, to survive as a broker...
An excerpt:
Quote:
$30 per shipment, that is way too low! I make an average of $150 per pallet on LTL. I just moved (3) pallets out of South Dakota and made $900. On LTL shipments it is my general rule to make at a very bare minimum 45% of the freight charge. If you are a dedicated LTL broker, you should be pulling down $3000 weekly at a minimum.
|