This is the guy who disappeared 2 years ago when the freight recession hit. Obviously he is off to better things. Good for him. It sucks out here.
@NowWeEatsКүн бұрын
I thought an ELD is only required if you have a CDL because you are a professional driver
@cjur1Күн бұрын
5 things I need to know before it happens.
@cjur1Күн бұрын
Time to watch the videos in order. 😊. Thanks for talking about cost per mile. Rate earned per mile is very important. I am bookmarking calculator now. Please 🙏🏿 except me in your skool @curtis-james-5429
@cjur1Күн бұрын
I am watching every video you have in the next 48 hours 😊. Thank you for the gems 💎. I purchasing a 26foot boxtruck but would like to learn the dispatch business.
@OSUfan7572 күн бұрын
All of this, just to get started, takes a bunch of money. That of which I don't have.....
@Gill22Күн бұрын
To start any business you need some money.
@no-_-limits3 күн бұрын
Stop posting stupidity
@user-cp3ru7sq4g4 күн бұрын
Dang.
@victorcastillo94135 күн бұрын
Got news for you trucking companies are hurting because of the rates being in the gutter.
@SS-sf4lb5 күн бұрын
70 hrs for 40? This country is ruined
@Gill225 күн бұрын
Yeah it’s not the road to the middle class it used to be
@davidgamajr88145 күн бұрын
Ya because they don't know how much to get paid. Work to cheap . They need to lean the business first then they can make money
@Gill225 күн бұрын
Agreed. A trucking business is more than just driving a truck around. You need to understand business principles.
@coreycoker19565 күн бұрын
Not true sir only if you drive over the road you local haul you get hourly pay an avoid the B's so I don't know where your getting your info but your wrong 30 year truck driver here an I'm only 49 years old
@Gill225 күн бұрын
I’m getting my data from publicly available sources. Of course you can enter a niche trucking market and make a lot more money… but that is not the average!
@codybean29815 күн бұрын
Location seems to be a lot of it. I believe that the larger companies are paying lower in areas with low averages. So you could work at the same company for the same amount of time as someone and still have a pay gap and nothing small either. But it's just a guess.
@wmuckbangs48705 күн бұрын
Trucking is one of those jobs that's definitely getting replaced with ai
@jwfuturestar26635 күн бұрын
Cap
@shanesanders22555 күн бұрын
The technology isn't there.
@Gill225 күн бұрын
AI is being severely overhyped. It’s not in the position to take over an entire industry and it won’t be 50 years from now either.
@jwfuturestar26634 күн бұрын
@@Gill22 right. How many roads are there in America think about that then times that number by let’s say at least 30 trucks that be on those roads. lol impossible to make that many ai
@AMG_Fenyr5 күн бұрын
My brother makes about 191k a year
@Gill225 күн бұрын
Nice
@yosquidd2422 сағат бұрын
Not a beginner obviously, but I'm sure he paid his dues, not you!
@gaigecannon21905 күн бұрын
This is not true- I’m in my first year at a smaller company looking at 70k and I started late in the year. Most I work is 60hrs a week.
@Gill225 күн бұрын
Brother… just because you’re making $70k in your first year doesn’t mean the average first year trucker does. Just Google what the average salary is if you don’t believe me. Also, you’re effectively making around $19-$25/hr. It’s not that impressive if you think about it.
@cancel665 күн бұрын
Brother i think youre just another idiot influencer lol @Gill22
@gaigecannon21905 күн бұрын
@@Gill22 I make more than $25 as a 23 year old trucker in my first year. That’s not good money not bad money. You have to have at least a 2k paycheck to survive. I’m a young guy and I make decent money. I’m pretty happy about it. Also, googling things doesn’t necessarily matter I’m not sure if you’re in the industry or not but nobody is driving for 40k a year. You should know there is really good money in trucking- it’s definitely a high paying job. I’ve never seen a salary less than 50k.
@gaigecannon21905 күн бұрын
@@Gill22 what class are we talking? B? What factors go into that $40k? I mean just try to find a class A CDL job. You will not see any at 40k. I get paid more than $25 HOURLY I do not get paid on salary, by the load, or cpm. Straight hourly with a bunch of OT. In Indiana the average for Class A is 67k.
@codybean29815 күн бұрын
Ya'll getting paid? 10 years in, I'm still waiting.
@supertruckertom5 күн бұрын
90 cents per mile LTL Team. 80 for solo after 3 years when you top out. Local is $40 per hour. Unassigned extra is 85. Out all week. Hotel at end of shift.. Need TPX endorsements
@victorcastillo94135 күн бұрын
@supertruckertom what's TPX?
@codybean29815 күн бұрын
@supertruckertom hard to find openings and too much micromanaging
@alanhawkins94785 күн бұрын
Seventy hours a week is the industry standard as mandated in the Federal rules/laws. All drivers CAN work up to 70 hours per week!!
@Gill225 күн бұрын
Yes it’s standard but it doesn’t mean it’s good. If you’re making $70k a year working 70 hrs a week, you’re effectively making $19/hr. Not great
@JordanJank4 күн бұрын
@Gill22 Should stick to trucking not math, that's $20.80/hour which is decent. Considering people try and survive off $7.25/hour in some places still....
@cjur1Күн бұрын
@@JordanJank what state is making 7.25 that can afford a one bedroom apartment
@ITS_just_ben4115 күн бұрын
People who watch Alex nino \/
@hodeyfu76175 күн бұрын
No trucker works for $40k. They get paid per load. I used to broker loads back in the day.
@user-dk8zg7ix4p5 күн бұрын
Your right but wrong most truckers get paid per mile
@hodeyfu76175 күн бұрын
@@user-dk8zg7ix4p it’s figured in a quote. There is no set per mile, unless you have a specific deal with someone.
@tigerandmonkey11245 күн бұрын
First one in the comments
@Gill225 күн бұрын
True trucking fiend right here 🙌🏽
@JB-tt7oo5 күн бұрын
20 year trucker here I’ve owned 4 trucks. Word of advice! Don’t go independent.
@I.TWorld5 күн бұрын
You are from Pakistan
@Gill225 күн бұрын
@@I.TWorld No?
@I.TWorld4 күн бұрын
@@Gill22 hmm your are from India
@bemagnetic2246 күн бұрын
This is an entire course in on it itself 😁
@PridesDispatchingServices6 күн бұрын
How much have you made? Also, you have mentioned that you have found thousands of clients then what the hell are you doing here teaching the dispatch you should be a millionaire by now Am I right or wrong kindly advise me
@Gill225 күн бұрын
@@PridesDispatchingServices I’ve released my tax returns. We made over $1.6M in revenue (not profit) from our dispatching company in 2023. I make these videos to provide value so truckers trust me for information and pay me for consulting, allow me to invest in their company, or even just buy a course. Yes, I’m helping people for free so a small portion of them will help me make more money.
@leontazz60316 күн бұрын
Thank u thank I so much for this knowledge
@Vanilla-jd1ez9 күн бұрын
Fella has some big ole hands. I hope he plays piano or bass guitar.
@Gill227 күн бұрын
Come on man let me live 😭
@shubhammalik43159 күн бұрын
what about learn how to drive a truck properly first and then go ahead for it.most of guys dont know how to use proper gear and rpm to go up and down a hill and blow up something doing so.every day i see guys at hills seating there bcz they broke down.most of them bcz they arent properly trained.same with Ownr Op.learn how to drive and then go ahead.
@georgesylvia135710 күн бұрын
How muchh for a fedex route.
@georgesylvia135710 күн бұрын
Hey gill I have a question, wat is the average amount of miles a week for decent box truck business
@georgesylvia135710 күн бұрын
I am so grateful for this channel..... I have been so motivated to get a truck... Been working my ass off to save 😂😂😂
@roseterrado729710 күн бұрын
aquino terrado choco
@What-did-dad-do-today10 күн бұрын
I run my 1997 cummins off 70% used motor oil and 30% diesel... food for thought.
@husnainshabir123311 күн бұрын
Any hope we see the market like 2020-2022 where you get upto $3 a mile on loadboards doesn't matter wherever you
@Gill2211 күн бұрын
Unless there’s another unprecedented event like 2020, that will never happen.
@JesseEckel-ed1dm11 күн бұрын
Are you interested in renting a truck I have nice trucks for rent and for sale and you don't need any insurance because I have done everything and i give you a 3 years warranty
@Grumpygirl39712 күн бұрын
Do you have to be a USA citizen/be a US resident to get into this business/get a job as a dispatcher? Can you work remotely in a different country?
@Gill2211 күн бұрын
No you don’t have to be a citizen. You can dispatch remotely.
@Grumpygirl39710 күн бұрын
@@Gill22 thank you.
@samuelhill2912 күн бұрын
You know buying a new truck will do nothing but make you a slave
@Gill2212 күн бұрын
How so? I have used and new trucks in my fleet. New are definitely making more per equipment than the used.
@QueYaNoMeJodas12 күн бұрын
Info
@georgesylvia135712 күн бұрын
Get' em Gilll u kno u da truth
@user-qk8fb3nf2m12 күн бұрын
my mentor gill 22 <3
@belle607112 күн бұрын
I absolutely agree with buying a new truck. I CAN NOT AFFORD THE COST OF POOR EQUIPMENT! I bought my 22 Cascadia new in 2021. It paid for itself. Great video. I shared it.
@Gill2212 күн бұрын
Yeah it’s a very controversial take but every decision I make is based on data not emotions. Newer equipment has been a LOT more profitable than used equipment for us.
@younglove336213 күн бұрын
I suggest nobody get into trucking. It's stale and terrible at the moment. Not to mention the risk outweighs the reward at the moment. I'd wait until things get better and the the people that leap before thinking get cleared out first.
@Gill2212 күн бұрын
Yeah I totally agree. Ideally, you would want to start during a boom period however, if you can survive a trucking recession… you’ll survive the next one as well.
@younglove336212 күн бұрын
@Gill22 There's no point to surviving. There's only gaining. If you have to survive it then you're in the wrong business and need to get out. Surviving is only for those that are boxed 📦 in and have no other way to make money or survive. That's why it's best to be a company driver at the moment. Let the owners handle the liability bs. Either that or take a hiatus from trucking until this bs is over with.
@malikbugaev248613 күн бұрын
Come on, there's huge difference in gross between dispatcher and owner operator.
@Gill2213 күн бұрын
Yeah I mention that in the video. The gross revenue of a dispatcher and owner operator will not mean the same level of net profit. Also, it will take a dispatcher 10 trucks to make the same gross as a single owner operator. If an owner operator had 10 trucks, they would be making significantly more in profit.
@malikbugaev248613 күн бұрын
New truck is around 180,000 used 50,000. Huge difference .
@Gill2213 күн бұрын
Yes, I take that into account when accounting for financing monthly payments and insurance costs. However, the savings you get through maintenance/repair and fuel make up for the increased upfront investment. You can also lease. You don’t have to buy new.
@mukhiddintashpulatov886513 күн бұрын
Basically, you're right, but not everyone can find the time to study, much less force themselves to do it…😢
@mukhiddintashpulatov886513 күн бұрын
By the way I subscribed to your channel…👍
@Gill2213 күн бұрын
Yeah I totally understand but business is not meant for everybody. There’s a lot of risk especially in trucking. You shouldn’t start a trucking business if you don’t understand the industry and business principles. Also, thank you so much!
@kennethmatthew345313 күн бұрын
It's an excellent video with very good advice regardless if people agree towards buying a new or used truck. I've driven new and used trucks through leasing and I've driven a brand new Mach Anthem which broke down with less than 10k miles and went into a shop for months cause of a steering case leak or whatever. Even when I was a company driver it was common for a brand new truck to have to go into a shop for a while BUT at the same time used trucks usually have to go into a shop probably allot more often. What I'm looking at is when a new truck is 1st used it's probably not "broken in yet" meaning the things which will break hasn't broken yet and it's really a flip of a coin if one will get a new truck with zero issues or not. With that being said those who are lucky enough to drive a new truck with zero issues for at least the 1st 200k miles has got it good/great. Either way with some truck parts being made of cardboard these days it's going to break down allot quicker used or new. I would like to eventually start a trucking business but with my own advanced truck designs meaning design my own engines and body work. I mean that would actually lead to the highest profit margins for far far less breakdowns. I mean as an engineer I've been highly disappointed with truck designs these days but I understand "TRUCKS ARE DESIGNED TO WORK" and "NOT DESIGNED TO LAST". The MPG is definitely a joke as these engines are purposely designed to burn enough fuel to give less than 20 MPG while it's totally possible to get well over 50 MPG in a truck. I'm only saying this because "FUEL" seems to be the biggest expense in the trucking industry. Honestly the entire fuel industry a huge scam if you ask me as they take great advantage knowing most drivers don't have the ability to re-engineer the fuel/air intake system to more than quadruple miles per gallon. Sorry somewhat off topic I know BUT just think about all the extra profit of eliminating more than 90% of fuel cost. Yeah before I became trucker I was an engineer building fuel saving devices and went from 28 miles per gallon to 60+ miles per gallon in a car some years ago all while reading stories of other energy saving engineers who've mysteriously disappeared.... BUT long as you're installing/using fuel saving devices on your own vehicles no one seems to care unless ya try to openly sale your technology then fuel companies have a problem to "take care of". Sometimes I hate learning technology because human greed over the dollar bill can be so evil and deceptive meaning most of what we buy is engineered to not last or engineered to generate maximum profit NOT maximum fuel savings via why engines are purposely designed to burn as much fuel as they do HOWEVER sometimes there's actually a few smart ones here and there which can SEE ways around allot of various designs. Sorry I'm such a nerd and trucker but hell I've been designing sh*t since I was a kid so it's only natural to come up with certain technologies to solve certain problems like fuel prices.... I mean the less fuel ya actually have to buy after a full tank then the more fuel money one can save. I mean at the very least if I did start my own trucking company then by simply re-engineering the fuel system on all the trucks to burn at least 50% - 80% less fuel via fuel saving technologies that's how I would increase my profit margin. Using a "fuel catalyst" along side the fuel vapors via a chemical chain reaction and such is how it works without going into details but whatever I'm not stupid enough to put a tutorial online with how to build certain things lol as I don't intend to become any real threat to multi billion dollar fuel companies who would do anything to protect their billion dollar businesses. It's just not fair for those of us who has to pay these ridiculous fuel prices. Theres even like a 35 US Patent Law or there's actually laws governing the new releases of devices meaning if a new product/technology is more than 15% efficient and you get a patent on it then the government can order you to never say anything about it or face prison time or whatever so basically the release of NEW TECHNOLOGY as a whole is heavily governed but whatever it is what it is. Human greed has no limitations and the world of transportation and fuel I consider to be the largest scam in human history because of the way fuel companies and auto makers as a whole design all vehicles to maximize profit. Whenever I think about starting a company I'm also taking a look at the technologies used... being a mechanical geek isn't completely my fault as it's kind of like a genetic trait. See my grandfather was a mechanic and trucker also as such I've always found mechanics and trucking alike feeling very natural so I've always done my own mechanical work while envisioning MUCH better designs. That's the way my mind works. I can't just drive a vehicle and be satisfied with everything especially when there are so many better ways to design certain aspects of virtually anything. If this world didn't run on the dollar bill there wouldn't even be fuel pumps and pollution from vehicles. So much pollution and high fuel prices just to make billions via unnecessarily extremely monopolizing on those who need transportation at any costs.
@user-lq4mo8dw1p13 күн бұрын
My 1968 mack R got about 5 mpg....my 2012 gets 7.... Not much of a difference
@Gill2213 күн бұрын
That’s a massive difference. If you assume you drive 100,000 miles a year and it costs $3.73 for a gallon of diesel, at 5MPG you’re spending $74,600 and at 7MPG you’re spending 53,285. An extra ~$20,000 in profit that you’re missing out on every single year. Also, with lower costs, you’re more likely to survive trucking recessions.
@Road-To-Destination.13 күн бұрын
There is only one mistake, and that is when you buy and/or work more time than you spend at home with a family and earn less than 65% of the price of your home. Also, anyone that builds a trucking business by relying on brokers is nothing more than being an idiot.
@Gill2213 күн бұрын
I fully agree but that’s unfortunately the reality for most truckers now. It’s easy to find a load through load boards which is why so many keep doing it. If they just invested a little bit of time each day to do some outbound marketing for direct shipper contracts, they could be making great money with much less headache.
@ReputableRides-bb7wy13 күн бұрын
Why do you act like a warranty will get your truck out of the shop quick? Its better to run a truck thay has readily available parts and is able to be worked on by all shops which is usually always a older truck. Also most warranties wont cover labor, just parts.
@Gill2213 күн бұрын
I never said warranty will be able to get your truck out of the shop quicker. I mention it for the cost savings on parts. In an industry where your costs are the ONLY thing you can really control, you have to be careful about the strategy you employ. I’m willing to bet that by leasing/buying a new truck and through proper maintenance schedules, inspections, and driver training… we will be able to reduce our downtime, consistently increase our MPG to 7.5-8, and have an easier time hiring drivers. All of which are the biggest hurdles for a fleet. If you have some know how with semi trucks and you don’t plan on employing any drivers, then most definitely buy used and find ways to increase MPG through your driving or through drag reduction.
@ReputableRides-bb7wy13 күн бұрын
@@Gill22 I rather be getting the same mpg out of a 5 year old truck than to pay close to 200k and have my truck in the shops for months when a small abs sensor goes out and I’m not dot legal. The older trucks have tons and tons of after market parts as well.
Пікірлер
Gill bai sira lata🎉
This is the guy who disappeared 2 years ago when the freight recession hit. Obviously he is off to better things. Good for him. It sucks out here.
I thought an ELD is only required if you have a CDL because you are a professional driver
5 things I need to know before it happens.
Time to watch the videos in order. 😊. Thanks for talking about cost per mile. Rate earned per mile is very important. I am bookmarking calculator now. Please 🙏🏿 except me in your skool @curtis-james-5429
I am watching every video you have in the next 48 hours 😊. Thank you for the gems 💎. I purchasing a 26foot boxtruck but would like to learn the dispatch business.
All of this, just to get started, takes a bunch of money. That of which I don't have.....
To start any business you need some money.
Stop posting stupidity
Dang.
Got news for you trucking companies are hurting because of the rates being in the gutter.
70 hrs for 40? This country is ruined
Yeah it’s not the road to the middle class it used to be
Ya because they don't know how much to get paid. Work to cheap . They need to lean the business first then they can make money
Agreed. A trucking business is more than just driving a truck around. You need to understand business principles.
Not true sir only if you drive over the road you local haul you get hourly pay an avoid the B's so I don't know where your getting your info but your wrong 30 year truck driver here an I'm only 49 years old
I’m getting my data from publicly available sources. Of course you can enter a niche trucking market and make a lot more money… but that is not the average!
Location seems to be a lot of it. I believe that the larger companies are paying lower in areas with low averages. So you could work at the same company for the same amount of time as someone and still have a pay gap and nothing small either. But it's just a guess.
Trucking is one of those jobs that's definitely getting replaced with ai
Cap
The technology isn't there.
AI is being severely overhyped. It’s not in the position to take over an entire industry and it won’t be 50 years from now either.
@@Gill22 right. How many roads are there in America think about that then times that number by let’s say at least 30 trucks that be on those roads. lol impossible to make that many ai
My brother makes about 191k a year
Nice
Not a beginner obviously, but I'm sure he paid his dues, not you!
This is not true- I’m in my first year at a smaller company looking at 70k and I started late in the year. Most I work is 60hrs a week.
Brother… just because you’re making $70k in your first year doesn’t mean the average first year trucker does. Just Google what the average salary is if you don’t believe me. Also, you’re effectively making around $19-$25/hr. It’s not that impressive if you think about it.
Brother i think youre just another idiot influencer lol @Gill22
@@Gill22 I make more than $25 as a 23 year old trucker in my first year. That’s not good money not bad money. You have to have at least a 2k paycheck to survive. I’m a young guy and I make decent money. I’m pretty happy about it. Also, googling things doesn’t necessarily matter I’m not sure if you’re in the industry or not but nobody is driving for 40k a year. You should know there is really good money in trucking- it’s definitely a high paying job. I’ve never seen a salary less than 50k.
@@Gill22 what class are we talking? B? What factors go into that $40k? I mean just try to find a class A CDL job. You will not see any at 40k. I get paid more than $25 HOURLY I do not get paid on salary, by the load, or cpm. Straight hourly with a bunch of OT. In Indiana the average for Class A is 67k.
Ya'll getting paid? 10 years in, I'm still waiting.
90 cents per mile LTL Team. 80 for solo after 3 years when you top out. Local is $40 per hour. Unassigned extra is 85. Out all week. Hotel at end of shift.. Need TPX endorsements
@supertruckertom what's TPX?
@supertruckertom hard to find openings and too much micromanaging
Seventy hours a week is the industry standard as mandated in the Federal rules/laws. All drivers CAN work up to 70 hours per week!!
Yes it’s standard but it doesn’t mean it’s good. If you’re making $70k a year working 70 hrs a week, you’re effectively making $19/hr. Not great
@Gill22 Should stick to trucking not math, that's $20.80/hour which is decent. Considering people try and survive off $7.25/hour in some places still....
@@JordanJank what state is making 7.25 that can afford a one bedroom apartment
People who watch Alex nino \/
No trucker works for $40k. They get paid per load. I used to broker loads back in the day.
Your right but wrong most truckers get paid per mile
@@user-dk8zg7ix4p it’s figured in a quote. There is no set per mile, unless you have a specific deal with someone.
First one in the comments
True trucking fiend right here 🙌🏽
20 year trucker here I’ve owned 4 trucks. Word of advice! Don’t go independent.
You are from Pakistan
@@I.TWorld No?
@@Gill22 hmm your are from India
This is an entire course in on it itself 😁
How much have you made? Also, you have mentioned that you have found thousands of clients then what the hell are you doing here teaching the dispatch you should be a millionaire by now Am I right or wrong kindly advise me
@@PridesDispatchingServices I’ve released my tax returns. We made over $1.6M in revenue (not profit) from our dispatching company in 2023. I make these videos to provide value so truckers trust me for information and pay me for consulting, allow me to invest in their company, or even just buy a course. Yes, I’m helping people for free so a small portion of them will help me make more money.
Thank u thank I so much for this knowledge
Fella has some big ole hands. I hope he plays piano or bass guitar.
Come on man let me live 😭
what about learn how to drive a truck properly first and then go ahead for it.most of guys dont know how to use proper gear and rpm to go up and down a hill and blow up something doing so.every day i see guys at hills seating there bcz they broke down.most of them bcz they arent properly trained.same with Ownr Op.learn how to drive and then go ahead.
How muchh for a fedex route.
Hey gill I have a question, wat is the average amount of miles a week for decent box truck business
I am so grateful for this channel..... I have been so motivated to get a truck... Been working my ass off to save 😂😂😂
aquino terrado choco
I run my 1997 cummins off 70% used motor oil and 30% diesel... food for thought.
Any hope we see the market like 2020-2022 where you get upto $3 a mile on loadboards doesn't matter wherever you
Unless there’s another unprecedented event like 2020, that will never happen.
Are you interested in renting a truck I have nice trucks for rent and for sale and you don't need any insurance because I have done everything and i give you a 3 years warranty
Do you have to be a USA citizen/be a US resident to get into this business/get a job as a dispatcher? Can you work remotely in a different country?
No you don’t have to be a citizen. You can dispatch remotely.
@@Gill22 thank you.
You know buying a new truck will do nothing but make you a slave
How so? I have used and new trucks in my fleet. New are definitely making more per equipment than the used.
Info
Get' em Gilll u kno u da truth
my mentor gill 22 <3
I absolutely agree with buying a new truck. I CAN NOT AFFORD THE COST OF POOR EQUIPMENT! I bought my 22 Cascadia new in 2021. It paid for itself. Great video. I shared it.
Yeah it’s a very controversial take but every decision I make is based on data not emotions. Newer equipment has been a LOT more profitable than used equipment for us.
I suggest nobody get into trucking. It's stale and terrible at the moment. Not to mention the risk outweighs the reward at the moment. I'd wait until things get better and the the people that leap before thinking get cleared out first.
Yeah I totally agree. Ideally, you would want to start during a boom period however, if you can survive a trucking recession… you’ll survive the next one as well.
@Gill22 There's no point to surviving. There's only gaining. If you have to survive it then you're in the wrong business and need to get out. Surviving is only for those that are boxed 📦 in and have no other way to make money or survive. That's why it's best to be a company driver at the moment. Let the owners handle the liability bs. Either that or take a hiatus from trucking until this bs is over with.
Come on, there's huge difference in gross between dispatcher and owner operator.
Yeah I mention that in the video. The gross revenue of a dispatcher and owner operator will not mean the same level of net profit. Also, it will take a dispatcher 10 trucks to make the same gross as a single owner operator. If an owner operator had 10 trucks, they would be making significantly more in profit.
New truck is around 180,000 used 50,000. Huge difference .
Yes, I take that into account when accounting for financing monthly payments and insurance costs. However, the savings you get through maintenance/repair and fuel make up for the increased upfront investment. You can also lease. You don’t have to buy new.
Basically, you're right, but not everyone can find the time to study, much less force themselves to do it…😢
By the way I subscribed to your channel…👍
Yeah I totally understand but business is not meant for everybody. There’s a lot of risk especially in trucking. You shouldn’t start a trucking business if you don’t understand the industry and business principles. Also, thank you so much!
It's an excellent video with very good advice regardless if people agree towards buying a new or used truck. I've driven new and used trucks through leasing and I've driven a brand new Mach Anthem which broke down with less than 10k miles and went into a shop for months cause of a steering case leak or whatever. Even when I was a company driver it was common for a brand new truck to have to go into a shop for a while BUT at the same time used trucks usually have to go into a shop probably allot more often. What I'm looking at is when a new truck is 1st used it's probably not "broken in yet" meaning the things which will break hasn't broken yet and it's really a flip of a coin if one will get a new truck with zero issues or not. With that being said those who are lucky enough to drive a new truck with zero issues for at least the 1st 200k miles has got it good/great. Either way with some truck parts being made of cardboard these days it's going to break down allot quicker used or new. I would like to eventually start a trucking business but with my own advanced truck designs meaning design my own engines and body work. I mean that would actually lead to the highest profit margins for far far less breakdowns. I mean as an engineer I've been highly disappointed with truck designs these days but I understand "TRUCKS ARE DESIGNED TO WORK" and "NOT DESIGNED TO LAST". The MPG is definitely a joke as these engines are purposely designed to burn enough fuel to give less than 20 MPG while it's totally possible to get well over 50 MPG in a truck. I'm only saying this because "FUEL" seems to be the biggest expense in the trucking industry. Honestly the entire fuel industry a huge scam if you ask me as they take great advantage knowing most drivers don't have the ability to re-engineer the fuel/air intake system to more than quadruple miles per gallon. Sorry somewhat off topic I know BUT just think about all the extra profit of eliminating more than 90% of fuel cost. Yeah before I became trucker I was an engineer building fuel saving devices and went from 28 miles per gallon to 60+ miles per gallon in a car some years ago all while reading stories of other energy saving engineers who've mysteriously disappeared.... BUT long as you're installing/using fuel saving devices on your own vehicles no one seems to care unless ya try to openly sale your technology then fuel companies have a problem to "take care of". Sometimes I hate learning technology because human greed over the dollar bill can be so evil and deceptive meaning most of what we buy is engineered to not last or engineered to generate maximum profit NOT maximum fuel savings via why engines are purposely designed to burn as much fuel as they do HOWEVER sometimes there's actually a few smart ones here and there which can SEE ways around allot of various designs. Sorry I'm such a nerd and trucker but hell I've been designing sh*t since I was a kid so it's only natural to come up with certain technologies to solve certain problems like fuel prices.... I mean the less fuel ya actually have to buy after a full tank then the more fuel money one can save. I mean at the very least if I did start my own trucking company then by simply re-engineering the fuel system on all the trucks to burn at least 50% - 80% less fuel via fuel saving technologies that's how I would increase my profit margin. Using a "fuel catalyst" along side the fuel vapors via a chemical chain reaction and such is how it works without going into details but whatever I'm not stupid enough to put a tutorial online with how to build certain things lol as I don't intend to become any real threat to multi billion dollar fuel companies who would do anything to protect their billion dollar businesses. It's just not fair for those of us who has to pay these ridiculous fuel prices. Theres even like a 35 US Patent Law or there's actually laws governing the new releases of devices meaning if a new product/technology is more than 15% efficient and you get a patent on it then the government can order you to never say anything about it or face prison time or whatever so basically the release of NEW TECHNOLOGY as a whole is heavily governed but whatever it is what it is. Human greed has no limitations and the world of transportation and fuel I consider to be the largest scam in human history because of the way fuel companies and auto makers as a whole design all vehicles to maximize profit. Whenever I think about starting a company I'm also taking a look at the technologies used... being a mechanical geek isn't completely my fault as it's kind of like a genetic trait. See my grandfather was a mechanic and trucker also as such I've always found mechanics and trucking alike feeling very natural so I've always done my own mechanical work while envisioning MUCH better designs. That's the way my mind works. I can't just drive a vehicle and be satisfied with everything especially when there are so many better ways to design certain aspects of virtually anything. If this world didn't run on the dollar bill there wouldn't even be fuel pumps and pollution from vehicles. So much pollution and high fuel prices just to make billions via unnecessarily extremely monopolizing on those who need transportation at any costs.
My 1968 mack R got about 5 mpg....my 2012 gets 7.... Not much of a difference
That’s a massive difference. If you assume you drive 100,000 miles a year and it costs $3.73 for a gallon of diesel, at 5MPG you’re spending $74,600 and at 7MPG you’re spending 53,285. An extra ~$20,000 in profit that you’re missing out on every single year. Also, with lower costs, you’re more likely to survive trucking recessions.
There is only one mistake, and that is when you buy and/or work more time than you spend at home with a family and earn less than 65% of the price of your home. Also, anyone that builds a trucking business by relying on brokers is nothing more than being an idiot.
I fully agree but that’s unfortunately the reality for most truckers now. It’s easy to find a load through load boards which is why so many keep doing it. If they just invested a little bit of time each day to do some outbound marketing for direct shipper contracts, they could be making great money with much less headache.
Why do you act like a warranty will get your truck out of the shop quick? Its better to run a truck thay has readily available parts and is able to be worked on by all shops which is usually always a older truck. Also most warranties wont cover labor, just parts.
I never said warranty will be able to get your truck out of the shop quicker. I mention it for the cost savings on parts. In an industry where your costs are the ONLY thing you can really control, you have to be careful about the strategy you employ. I’m willing to bet that by leasing/buying a new truck and through proper maintenance schedules, inspections, and driver training… we will be able to reduce our downtime, consistently increase our MPG to 7.5-8, and have an easier time hiring drivers. All of which are the biggest hurdles for a fleet. If you have some know how with semi trucks and you don’t plan on employing any drivers, then most definitely buy used and find ways to increase MPG through your driving or through drag reduction.
@@Gill22 I rather be getting the same mpg out of a 5 year old truck than to pay close to 200k and have my truck in the shops for months when a small abs sensor goes out and I’m not dot legal. The older trucks have tons and tons of after market parts as well.