Quote:
Originally Posted by Jumbo
But Stan my point was if you got rid of the 25 company drivers you still have the 25 trucks and trailers till you sell them. You may have taken them off the road but you still have them (and insurance and truck payments)And in this economy who is buying? That is point I was trying to get across.
The trucks can be "Moth-balled" in a secured facility Jumbo. The taxes would be set-aside, and the insurance cost cut by 2/3's, while the trucks sit on a secure lot, waiting to return to work. That was what a lot of large companies did in 1980-1983.
I remember flying to places like Mount Holly New Jersey, Youngstown OH and Cora PA, to pick up company equipment that we drove to storage areas in OK and TX.
There is a tax regulation in place that allows trucking companies and construction companies to do that.