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 not […]
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 […]
Do I really need to say what has been a massive IMMEDIATE NEED, trucker’s are wanted now days?!? From Headlines on WSJ, and LATimes, to the backyard and county registries, we all see the massive media attention, for the need for qualified operators in the Trucking Industry. All this mass hysteria, is the drive and […]
According to Investapedia: A factor is a financial intermediary that purchases receivables from a company. A factor is essentially a funding source that agrees to pay the company the value of the invoice less a discount for commission and fees. The factor advances most of the invoiced amount to the company immediately and the balance upon receipt of funds from the invoiced party. […]
I am not some road scholar, but someone who just gave a fuck…How in the hell did I make it this long in such a cut-throat business——Your guess is as good as mine!?! In life, I promised myself I would always be me—–never compromising the values of a time long gone. Where every man or […]
Well this past week, OOIDA has come out to say…… Young Drivers Proposal Law Change is>…. If you remember Correctly— I posted on this topic—https://madmothertrucker.com/linkedin-post/ Hey OOIDA—–your a little late!
Freight Broker is ,according to the FMCSA, A broker is a person or an entity which arranges for the transportation of property by a motor carrier for compensation. A broker does not transport the property and does not assume responsibility for the property The Brokers that want to do higher paying loads, typically have a […]
Brokering freight, is done by two different types of brokers. They essentially act on their own behalf, by providing service to the customer shipping or receiving the cargo. When they book the load with the Transporting Carrier, they typically, add a fee, deduct a percentage, or a combination–from both sides of the transaction. Brokers- These […]
Washington State, Home of Seattle, Free Willy, and Apple Orchards–Also has full legalization for the ganja……They have help pave the way for further legalization or even full decriminalization– Becoming a state that have medicinal and recreational uses. This opens a wide variety for the potential Carrier-Courier-Delivery Service. This one simple step of full legalization adds […]
You know coming into this business as a young lad, I remember, dispatchers who hated computers. They always had the Paper stack- Shuffle– and meticulous notes weekly- billing –pay- independent, the list goes on and on…. Stories about ordering phone books from the post office for specific metro areas, to making calls on a rotary […]
Do you want to grow your Trucking business? Would you like to have a dispatch office, to relieve you from stress? Do you want a dedicated dispatcher limited to 15 trucks per dispatcher? Do you want people who have industry contacts that you can use without the burden of needing every contact? We are in […]
Disclaimer–Federal law states marijuana, or in the state of Michigan, marihuana—-is still quite illegal….DO NOT CROSS STATE LINES WITH IT. If you are going to be a dumbass, do it on your own time, and your own free will….. The thing about Michigan–State law has authorized Medicinal purposes for needing patients that are approved by […]
