Is 2024 A Good Time To Get Into Trucking?
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- Опубликовано: 17 май 2024
- Is now a good time to get into trucking? That's probably the most frequent question I get and I am making an updated video talking about the realities of the industry and what getting into this industry actually means right now.
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I say the biggest problem with Trucking is it's too easy to get into... when a person see how bad the trucking industry is doing and how flaky it could be yet still waiting to get into it...😂😂
Pretty much the only thing that was as disruptive to the freight market as COVID was World War 2, which occurred before we had freeways. I think too many people have expectations that the market was anything approaching normal in 2020-2022, but it wasn't even close. And the truth is, there were some major changes happening even before COVID. Now, with increased costs, especially insurance premiums, uncertain regulation, and continued pressure to post record profits by corporations, whatever the new normal is, it definitely won't be like 2020 and that should not be the expectation when you're forecasting the future. I know I've been getting a lot more quote requests lately, along with increased demand to move loads, but I wouldn't want to be trying to break into the industry right now. At least, not without a lot of money behind me.
Thank you SO MUCH for the information. I just think if you want to get in , keep an eye on used equipment. Buy when it's at its lowest and, be ready to jump when market rebounds! During this time, learn all you can about getting your authority and save money!
Bless your heart! Thank you for still making the videos ❤
Thank you for being honest, I hope your feeling better
Thank you for keeping us updated. Keep going please don't give up. We need you
I appreciate your honesty throughout these videos. Makes you more credible and watchable.
This 2024 1qtr reminds me of most pre-Covid-19 1st qtrs. Jan, Feb, and March slow, but ramps back up in April and is steady through August. A slight dip in September, but picks right back up again in early October through December. Then it starts all over again. Covid years were out of the ordinary, and should not be used in measuring freight cycles.
Yes we do need you. You give us the truth. GOD BLESS
Thank you for uploading this!!!
Thank you for sharing.
I always watch your videos
Thanks for the update 😊
Thank you so much keep up the good work
Thank you for your complete HONESTY!!, im a company driver thinking in lease a truck, but ill wait.
I love and appreciate your insight
Very well stated.
Hello Miranda and thank you again for another great video that didn’t disappoint. Your way of answering the question is the best for today’s market conditions. I hope your company can survive this huge dip in the freight market and safely ride it out. Here 5:11 you gave an answer that resonates with a lot of us, we’re not doing this as a hobby or a side job , trucking became our lifeline.
Psychological pressure is at all high right now, not only at trucking, so we totally get it when you have some tough day and can’t make a new video. Take care of yourself first. We’ll be here, waiting, and when you’re ready to give us more news, we will appreciate it, as always.
Happy belated Valentine’s Day! 💘
We love you!
Happy Tuesday Miranda ❤️
For me now it is the time because if you can survive now you will survive the best moment easily
Word on that. It’s all mental .
Crisis is a mindset.
Prefect advice
Appreciate you. Your honesty is always a breath of fresh air. But I’m saving for my comm insurance down payment and getting a 26ft box truck. If I can survive the market reset, and enter the new normal of trucking with a season authority I believe I can put myself in a great position. ❤ wish me luck
Good luck mate i hope you nothing but success.......and please keep updating if possible....i want to know about box truck business and your progress......have a blessed day good luck 🙏
I 've my authority from day 1 since I started trucking back in 2011and the only years that I saw really good rates was around the pandemic . My point is rates will stabalized but in no way they will be as good as 2021-22 unless another uncontrollable situation happens. To get into trucking now is a russian roulette is very d.angerous
I just saw an add from Ryder offering trucks buy one get one 50 percent off. Wild times we're living in. I'd like to add, if you purchase equipment right now, you will be stuck with it. To be blunt, unless you can drive down the freeway with your arm out the window holding $10,000 without breaking a sweat, now is a bad time. Be careful buying trucks and trailers right now.
😂😂 includes a comforter set?
@@soflodoug lol you’re thinking too small… I want both trucks for 50 percent off! Not just the one. Throw in the comforters too!
It’s a good time to find a job in struggling mid size company. Doesn’t matter accounting/dispatching/fleet or maintenance.
You can’t gain this experience with 1-5 trucks.
My greatest mistake back in the days. Willing to have my own thing and skipped a lot of educational materials. I bet I paid double or triple for such a thing
Thank you nice video
Happy Valentine's Day, Miranda ! ❤😊
We scaled back and are only servicing our contract customers. Will not take a broker load until the rates return and it’s worth our while. We had a job posted for a few days, filled it quickly, but vast majority of those that applied stated they own their own truck but have it parked.
This trucking industry will drive you absolutely crazy and health problems galore. It’s one of those jobs where you just eat it because you love it you have to love this job to be in it because it take you through so much emotionally that you don’t really want to give it upI haven’t drive for 25 years and I would not do another job. I don’t know if I’m crazy or just the industry but I still love it.
I don't love the industry, but where else can you go that the boss can't lean over your shoulder and micromanage how you do your job!!
For me I've loved trucking since I've found it, but I will move on if I'm leaving money in the table in my life in general
Smoken hot trucking news blogger love this channel.
maybe it's time for folks who want to and think they can to get in on the area of the trucking market that has exceptionally low expenses, just brainstorming. Getting in during rough seas can teach a crew how to navigate during that time and they might be all the stronger for it. Yes this could be chalked up to wishful thinking...but what's wrong with that? Good luck, just push through the panic to the other side is my not asked for advice...
I did a shout out about you during the Roaddog radio show on Sirius XM.
They said they were going to contact you because they liked what they saw
Thanks! :)
Keep ppl informed Ms Miranda!!!!!! 🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🔊🇺🇸
In my opinion it is all about how much expenses you have
If you have payoff truck and cheap insurance ( mean aged MC)
And also your truck is in good condition maybe you can start trucking business a lot of people they don’t know how much is cost to repair a truck for example a flywheel and clutch plus labor can cost you 15000 dollars never sit on middle of the saw you can’t go forward and you can’t go back same result
I think the key point into getting in this industry is knowing your number's business & outside of business expenses combined, whatever that breakeven "number" is heavily discipline your self to stay at that number and above, in other words if your net is 10-20% above your breakeven number don't spend it on a hellcat or M3 , put it away for a rainy day do that for 1yr or 2 build enough cushion to weather the storm and you will be fine. You can make it in this business if you know how to get in 🤷🏽♂️🙏🏽
Freight market is so cold, but you're 🔥 🌶
Thank you for saying what I wanted to say 😂😂😂😂😂😂😂😂😂
She doesn’t like bag poopers
I'm on a water diet...tears for breakfast and dinner. Possibly lunch if I can squeeze some in...smh rates are in hell
I'ma park mine soon
According to sonar crazy volume of shipments been shipped recently from all ports of China to all ports of the U.S. right before Chinese NY. Volume of 600k very similar to 650k in Jan 2022 and 20% up YoY. By end of May most of them will be reaching US ports. Container eaten Ch to US up 250%!! Demand is crazy
This is how you can tell when it’s a great time. Look at other companies. When you pay less for capital equipment fuel insurance repairs maintenance and labor than those companies you will have a competitive advantage and it’s a great time to start any business not just trucking. If your competitors pay a fraction of what everything costs you… you are going to get your brain beat in
How are you Ms Miranda blessing 🎉
I got hit with a bad inspection, one slack adjuster out. So when you look up my MC, I am at 100% unsafe carrier because of having only one truck. Some brokers won't even talk to me because they say I am unsafe, lol. Brokers are picky because of capacity, another thing to think about before you jump in.
I'm with Lipari foods in Pennsylvania and it's going and growing
sounds like a good time to learn how the business is run though
100%
Q2 2025 be good. Buy trailers. They don't have def system and you can get various freight or staged freight capability and drop/hook contract with team.... be creative thinking about next 5 10 years
WOW Thanks for the transparency. Unless you outright own your tractor AND trailer, I wouldn't start a business now.
I'm now GETTING my authority~!! Mostly due to the law taking affect in March. They are NOT going to make ME go back as a company driver!!
Can you suggest the best 2024 new sleeper to buy?
I think you should keep smiling no body wants you to look angry and you have a beautiful smile 😊
I understand sometimes people say wait but I'm an actual company driver they also sometimes take advantage of drivers with the amount of cpm they start drivers with in the current market, they lose contracts left and right, their equipment doesn't work, they don't care about you, you are just a number among many things, they cancel loads etc. On the other side of the wall running for yourself or a smaller carrier never seems like a bad idea to me, as you will be treated better to me or be more in control of your loads, lane. After being a company driver you don't be afraid of repairs, maintenance because you spend hours in shops or on the side of the road so you know you will treat yourself and equipment better... this is what being a company driver taught me or made me feel , insurance cost doesn't bother me if I have to keep a clean record for a company why can't I keep my record clean for my self..this is just my opinion...But correct me someone if I'm wrong...
Feels like brokers are posting rock bottom rates now, then asking what we can actually do the load for.
The brokers want you guys to haul for free while they skim the profits off the top of the load
Good time for buying equipment if you buy cash
If you are going to get into trucking you better research all the new laws coming this year. Insurance rates are skyrocketing. No overnight parking in some markets. It’s getting crazy. There is a big reason people are leaving . Stop and think.. why do you want to have your own truck or authority? If it’s just money, get ready for a possible let down.
Correct, if you're not ready, what's waiting for it will become complete misery.
Yes, Insurance is insane! Ours went up $200 just because with no claims. We are a year in, and everyone saying it's easy to get into trucking must have been spoon-fed. I'm not sure we will make it through, but it won't be from lack of effort.
Go for it.
Sat for 3 hours near Benson AZ this morning waiting on an accident to clear on I-10.
FMCSA cannot implement the mandatory speed limiters, governed road speeds fast enough for me.
Yes I am a LTL company driver.
68 mph for me seems like plenty.
April 14th will be 30 years with a CDL.
I once owned a Classic Super 10 3.55 gears 500 Detroit that would run out at 115.
Sold it in 2009.
You don't need speed to make good $
Too many clowns out here today.
Last thing, you all had better get to a Dr and get on blood pressure meds if you are borderline being close to 140/90 blood pressure.
They aren't playing.
I expect there to be a lot of medical cards getting pulled in 2024.
That will create opportunities if the economy stays level.
If the economy shrinks the loss of drivers may not be noticed.
Finally hope… Hopefully it isn’t to try to slowdown the truckers exiting. Hold tight hope on the way😊
I used to run interstate , then I changed to INTRAstate (been running for 5 years now) I would like to switch back to Interstate. How and What do I need to do ?
Depends on your starting point. If you doing it solo no leads in any kind of way. Idc if you have 30k or more. Dont waste your money. Thats a death sentence. Now if you have some connections for repairs and help getting better brokered loads. Its a coin toss. All depends on your starting point and what you willing to work through or lose in hopes of gaining later.
I used to have time to enjoy a dip in the river. That was only 7 years ago. Now I have time to poop in a bag and can't physically accomplish the task. Try fixing that along with parking and fuel islands issues
im ready to take cdl ttraining im going to perpare for my own company.
Now is the opportune moment to get in. If you can seize the opportunity now, you'll be in a favorable position when the markets change. Consider this: trucking fluctuates like a market, experiencing both highs and lows. Regardless of when you enter, you will inevitably encounter a downturn at some point. So might as well learn and discipline yourself now. People who start on the high side, die when the low swings back around. Also equipment is cheap right now. You can get in at a fair price.
History is full of people who entered down markets survived, and there was able to change their life financially! It’s a risk, but my life does not have that many commitments no children, etc. so he’s being on the road as a owner operator six week out at time till the market finds a new sense of normalcy is a viable option. Good luck to anyone. Hard Times don’t last hard-working people do.
@@vincentacosta4262 If you work hard you can still do ok.
The money is in niches. Now is the time to find them. I moved from reg flatbeds to maxi flatbeds (65k lbs) and Im averaging right around 4 bucks a mile. I got the trailers cash at auction for 18k. My trucks are already setup for heavy hauling with manuals etc. It cost me a bit more in registration and maintenance, but it only went up a few cents a mile. Fuel went up a little as well. But the difference in pay is well worth it. I own all my equipment. This down swing is not even effecting us much. I'm thinking about buying more trucks at auction with these prices dropping.
Yea, but it’s better to get in when the industry is doing good. Gives a newbie leverage. Patience is a virtue.
Equipment going to get cheaper
@@xXyasabeXx It also gives them a false impression that the money will always be there. Which I feel is not a good thing. All and all it depends on if the person is business minded or not.
2020 wasnt the hight of trucking i understand that the rates went up suddenly but i useto get better rates 10 years ago and once drivers are done were done because people dont understand that warehouses shouldn't be opperating with such a small numbers of loads they should have supplies so if anything catastrophic happens we will have supplies already distributed evenly throughout the country. Its very easy if people understand that they have to have alot of money saved for a overhaul and any repairs for atleast 1 to 2 years because the constant cancelation of loads on the end of the week can ruin a entire week and if the mkney isnt there to pay recurring bills any carrier will fail.
If your going to be a solo owner operator it’s going to be hard to survive.
I saw a news report that Autonomous Trucks are coming in Texas in 2025.
It's on RUclips
Hi , did you have any course that explains complete cdl driver hiring process where I can have my own system to do background checks to everything to onboard a new cdl driver in my company! Thanks
Not yet, but I am writing a new course and will include that there
I found a 2017 Peterbilt for $30,000 day cab smaller tanks, which would be perfect for me but it had like 535,000 miles on it about due for an overhaul I’m sure. I mean I can change the oil and filters and everything but I’m no mechanic lol. Local runs are paying like 1.80 a mile. I just don’t think I can make enough doing that.
Local needs to be 4.00 per mile to make it
@@genegaede3602 dang. I’m in the Midwest I got a quote from a local company. Correction it was $1.85 my mistake lol but overall I’ll just keep working for an employer. Insurance is good pays pretty decent. I’ll just keep looking into it. No big deal. As long as I’m in good health, I can drive until I die. Lol. I still have 30 years before I can retire. lol 🥹
I don't blame you. I wouldn't buy that truck. Too many miles on it.
Do you have the numbers of loads coming out of California comparing 2023 o 2024 Jan and Feb. They seem super low this year with more desperate carriers taking loads at losses making the rates stay low or making them lower.
If you aren't hauling produce the amount of loads out of California are proportional to the amount of container ships that docked and unloaded in the previous month.
It depends on many factors. If you enter now then you'll be making just enough to pay your bills. But it depends if you want to enter under your new authority or under someone else's. If you enter under your authority, then some brokers would want your authority to be active for at least 6 months, so it might be good for you to start your authority now with the expectation of good times to come in 6 months. While on the other side, when good times will come, brokers might change their rules and you won't need those 6 month of history. Any advice, Amanda?
Also it would be great to have your equipment titled under one legal entity and operations under other to prevent attorneys from coming after your equipment in case of your driver's or owners liability.
You do know you have to have insurance to activate you authorize so doing that 6⃣ months before you start running is going cost you around 10 grand or more
@genegaede3602 I know. Much less than 10 grand though. I know some ways around. 3.5K
I know 6 carriers that have 1 unit assigned to them and they all send loads to the same 300 or so vehicles assigned onboard to them. How do you measure with such cooked books?
So how many times is this one unit insured?
there is no good or bad time. only amount of capital you have to cover your mistakes and amount of patience you have to solve problems. and of course physical presence of equipment.
Have u heard of the clean air vigilantes in New York
Miranda ❤️❤️
We may be very near the bottom of the market in this industry. This year is starting off well actually in fright volumes as retailers work to rebuild inventories. ABF Freight says its core shipments jumped 8% year over year in January after profitability improved in the 4th Qtr of 2023. They haven’t been alone in noticing this new trend. Also, containerized imports recorded the highest month over month growth for January in seven years. Transportation prices rose during the month for the first time since mid June of 2022.
All good news signaling the bottom may be near!
I bought a truck from an auction, I am waiting to get into the industry. It’s a 2022 freight liner I appreciate your perspective it allows me to plan my entry. It is costing me about 2000 a month but prudently entering seems better at this point.
LtL and food trucking is who has the money and control
If someone is considering staying in trucking, they need to be making a profit under the current conditions. If one is simply treading water, consider the possibility of the industry getting worse. What we have not explored here is the condition of the economy at large. It is not sustainable. If conditions in trucking were to worsen, while most drivers are wonderful, there are bad apples out there. If trucking were to turn dangerous, it would make our current conditions seem like paradise. If you're going to keep going, I suggest you have a plan in place to bail when the time comes.
Majority of drivers are bad apples
I think the industry will more resemble a hockey stick rather than v or u shape
Funny how brokers and dispatc and hr department that are involved with trucking act as if they are fully invested but they may have money invested and can always go find another job real easy but the owner operators and drivers are 100% invested because this is our life style and what we do for a living many years were the ones who bring value to trucking that every one is living off and coe's of these mega carries act as if its not just a job for them. The hardedt workers get payed the least and get no respect but everyone will find out soon that you can have all the high paying loads and all the newest equipment to pull them but without drivers all the loads and trucks are useless
February is always slow
I blame this on the carriers that know for double brokering loads
Yea is a great time to get in “sure”
Rates are so bad that is unsustainable to keep the wheels rolling, not sure how these trucks keep hauling cheap freight, they
Must have a big credit card
They’re running til the next garage bill which is inevitable
If you are going to get into the industry, you have to go in with the least amount of debt that you possibly can
Now is a great time to purchase a used truck. Prices are rock bottom… if you can find a good set up, buy! I know I am
Trust in the Lord with all your heart, lean not on your own understanding. Give all your ways to him and he will make your paths straight.
As a 55 year old rookie sitting back watching listening and learning, there’s definitely no way at all I would ever recommend someone becoming a lease purchase driver first off. Secondly, with the amount of ridiculous regulations and state ordinances and laws targeting truckers I’d say being a company driver with a good carrier is the best bet for now.
At 6:50 you stated you had a full blown panic attack. This too shall pass. Please go back to your very first video as I do. Reminder your self why you are doing this. No one doubts your intentions. They are nothing but the very best and you are doing the best you can for everyone.
Best way to be a millionaire in the trucking business is to start with 2 million 😅😅
These new rates are here to stay. Brokers don't have to work hard to cover loads. 80 cent per mile loads are covered in seconds. You can only blame truckers for this mess.
😂😂😂😂😂😂😂
Those who gave up their business, put their tails between their legs and went to drive for bigger companies.😂😂😂😂😂😂
So, nothing is going to change !
Brokers know that truckers will volunteer to run for pennies.
😂😂😂😂😂😂😂 facts !!
New name for trucking company, " YMI Trucking" .........why bother,when I can work construction and autually be apreciated.
Im seeing a lot of containers riding the rail roads
It's insane
'Trucking Company' means different things to different people.
You know for February being the Month of Love it sure doesn't seem like it 😂
It’s better than 2022. But I think it’s never coming back to what it was.
Got four more months till I pay my truck off. I'll be listing my truck for sale in two. Keep the trailer to rent out and sell my authority. The amount of disrespect we get out here astounds me. We're not even talking about the ridiculous amount of regulations. I genuinely wish there was a shortage of truckers. That way people can really see how important truck drivers really are. Including these corrupt lawmakers.
What do you think about getting in now as a company driver?
OTR , if you get pay at least 1 dollar per mile plus benefits, I think it will be ok . Otherwise don’t do it !
@@unperuanoenlascarreterasde9964 What company pays $1/mi for a company driver?? It seems like the common entry point is around 40-50 cpm.
@@unperuanoenlascarreterasde9964 Where do they pay $1/mi for company drivers just starting out? From what I see it is 40-55 cents for rookies.
There’s not much freight. If you go to a big company, you might get guaranteed pay, something like $1,000/week, for a few months while you’re getting layed over waiting for actual work to do. Companies make money by having as many drivers as possible. It gives them flexibility and doesn’t hurt their bottom line at all. In other words, make sure the freight is consistent. My suggestion is a Dollar Store account if you don’t mind hand bombing freight. Home Depot as a flatbedder for some company. Something where you know there’s always work.
@@unperuanoenlascarreterasde9964 where do you get one dollar per mile starting out?
It’s a good time to get out of trucking… talk to some fresh immigrants and ask them their plans for the future, most will tell you they want to get into trucking. 5k/day walking across the border to go work for 0.3/mile for mega carriers.
🤔
You can never time the market.
Good Evening, Here’s why I say it is NOT a good time to get in, I’ll explain.
- I know what a governed truck is, when I started driving many state speed limits were 55-60 mph.
- The NEW law/proposal comes out in May (supposedly) that’s when the FMCSA will make the announcement on speed limiters for trucks.
- Now is NOT the time for many reasons to get into trucking.
- The powers that be/are and who are saying now is a good time to get into trucking or that the market is getting better or will change for the better has an agenda. Just my opinion.
- Why would anyone who has a platform (I’m not speaking about this channel) try and control a narrative about the uptick in freight?
Could it be because they know the speeds will be reduced and they also know they will need more bodies in seats?
- They couldn’t predict the Covid freight boom, but somehow now they can predict an uptick, huh? Where is it?
- Do yourselves a favor, WAIT until after the election before you commit to a potential financial disaster. Think about reality here folks, Americans a financially strapped, credit cards maxed out, but we have people talking about a surge in freight?
Who’s buying anything right now, again words matter so look at reality before you ruin your financial life.
Stay Safe
The Dean.
One of the best comments on this video. 👍
Thank you, be safe out there.
@@Robert-bt8cp You as well. 👊