How do you get more than one truck?

Question

My husband has been driving a truck since '98(no tickets or accidents-gotta brag). At one point we(I stayed out with him) leased a truck through a company and that didn't work out, because the truck was a lemon and the company was charging to much. So after a year (we brought home less than $7000 that year) he went back to company. Now we are at home and he drives local. We just bought our first house and credit is about average. I would like us to buy 3 trucks so he can work fewer hours(he works about 65 now, locally). I figured if we paid well he might make $50 off of each truck a week(after taxes, savings, etc)...I am wondering how do you buy more than one truck at a time? We would eventually like to have maybe 10 trucks or so running teams.

looking for financing options....the trucks would either be 48 state or regional and leased on with a company at first. Eventually we would want our own athority.

Answer 1

I own a trucking company and it is getting harder and harder everyday to make everything work out. I honestly wouldn't reccomend getting extra trucks. Not to be pessimistic but most trucking companies today go bankrupt shortly. Since you are in the transportation industry, I would reccomend working as a freight broker. It is the other side of what you are dealing with every day. Go to this website and check out the possibilities, www.roadrunnerbrokerage.com. You earn as much money as you want.

Answer 2

I don't know anything about indy trucking, but found this site:
http://www.aitaonline.com/page18.html

It's a listing of associations. I would hit each of those websites and see what you can find.

The way I read your question, you have a one main goal: work fewer hours with the same or more income.

And, it looks like you've already decided on the best path to that goal - get more trucks/drivers working under you. I'm not qualified to tell you it that's the best path, but I'm sure it's not the only path to your goal.

The way I see it, you have number of issues to handle to get to that goal:

1) Finding someone who will sell you more truck(s). That shouldn't be a problem, the challenge is paying for them.

2) Finding reliable driver(s). From what little I do know about the industry, that's a challenge. But since you're only doing local, it should be easier. This is partially a marketing problem but I bet by reading those websites you can find lots of tips.

3) Keeping those new trucks and drivers busy, so you make a profit instead of a loss on them. This, I do know about - it's a marketing problem.

If I were in your shoes, I'd be really confident that I could instantly have enough business to keep the 2nd truck fully utilized, before I bought it. Then, once you learn a bit more about how to hire and keep good people, how to keep the truck busy, etc, you'll have the personal confidence and the track record to get a 3rd truck.

Good luck,
Scott

p.s. contact me if you want to talk about marketing, that's a whole nother topic.

Answer 3

Hey, I hope that this will help you out!
Sorry, I do not know about trucks,but if you want/need some extra income, This is a great way to earn some!

I work from home. I do not sell, stock, pick-up or deliver anything.
There is no paperwork, no record keeping, and no overhead.
All I do is set up wholesale accounts for a catalog company.
It is a business you can start for less than $15
This is a SOLID 20 year old, INC 500 company, with NO large investments, and NO risk.
And if you are not satisfied, you get ALL your money back within 90 days.
This company is set apart from ALL other companies.
In two short years my mom, who is a stay at home mom, and home schools her kids,
is making VERY reliable, residual income.

I can show you how to make $1000.00 for a $14 investment.

For more info e-mail me
[e-mail]

Answer 4

$ 50 per week with most likely a 100k loan and that is used trucks. very high risk with a slim chance of the reward. hear is some food for thought your husband did have a leased truck sort of an owner operator, try being a an owner operator first and get your own authority and learn how to work with brokers. once you have that on line then you can get another truck and may be a few other owner operators once you land a few of your accounts. please never never lease a truck from company that also dispatch you, hear to many story's of them starving you out and the end of a lease to get back there truck, and may they enjoy there one way trip to hell. good luck and keep them rolling ,at least you guys are thinking of a plans to do better