The simplest answer is a two part answer: Most carriers fail, due to lack of funding. Lack of funding, is a multiple part discussion of 3 parts being: A) Float, B) Factoring C) Function A) Float- Float is capital that you need to operate between invoices. This capital base is your operational funds, ei., payroll, […]
September 10-16, National Trucker Appreciation Week Thank a trucker Today!!
I have to apologize to you, my readers! First and foremost, I am working on a few books, that are being written and rewritten. I have a few here in the process to be published and sold here for you. I also have a book that is based on a true story, that I am […]
https://nooga.com/218036/chattanoogas-covenant-transport-acquires-trucking-logistics-company/ 6 months Net PCF roughly $45.5 MM If you look at the Power Units vs the Drivers, Tells me that 1621 power units with 2200 drivers, is a high team rate. It also tells me that they are doing roughly 32% profit margins on the Gross. However they probably have a large […]
These guys do an awesome job on these rolling interviews, this is the first one that caught my attention! Great Job guys, Love that truck!
First let me make this very clear “YOU CANNOT MAKE MONEY SITTING IN THE TRUCKSTOPS!” Flying J Was my favorite, except their coffee (PILOT AND LOVES), Although this was a great deal for Pilot, The merger caused the chain to shed its restaurants. Which was one of […]
Before the FMCSA, was the organization called the ICC, or Interstate Commerce Commission. They regulated the routes and decided who could purchase the rights to that specific lane of transport. The best story I have found is on Estes.com https://www.estes-express.com/about-us/deregulation.html Carriers couldn’t simply continue doing business as usual. They had to apply for rights —or authority—to carry […]
So this past week Mr Buffett, of Berkshire-Hathaway, took another stab at a transportation industry, investment play, see below: https://uk.reuters.com/article/uk-uber-investment-buffett/buffett-proposed-to-invest-3-billion-in-uber-but-talks-failed-bloomberg-idUKKCN1IV2QO Mr. Buffett, with me, you batting 0 for 2…… First Pilot and now this!!! Here is why you should have sought better advisement: Lyft is a much better ran organization, even though, I am […]
Intermodal Surface Transportation Act of 1991- The Act presented an overall intermodal approach to highway and transit funding with collaborative planning requirements, giving significant additional powers to metropolitan planning organizations. Signed into law on December 18, 1991 by President George H. W. Bush, it expired in 1997. It was preceded by the Surface Transportation and Uniform Relocation Assistance Act […]
Aviation—- Trucking—- Let me get this really clear………I have been around both………flight time started at age of 14……Have an Uncle …..you know…….. One thing I notice —– Surface Transport vs Aviation FAA Placed a Provision requiring contractors provide a duty free designated break Examples of Breaks via 5 hour day vs a 10 hr day. […]
IFTA- International fuel tax agreement—is a collective agreement between Canada, and Lower 48 States to Collectively manage and agree to administration of the Commercial Vehicle between states—–without impeding trade and commerce. Simplification to a centralized hub, to monitor Self Govern on behalf, and require. This is the set Agreement and government approval to centralize the […]
Retirement is inevitable. It is a fact of life you may not be able to work in your career as long as you wish or desire. People are taught your typical investment strategies, from 401K to IRA, Roth IRA, Stocks, bonds, just to name a few that are available… However, let’s look at a few […]
Drivers line up in Detroit