I have a trucking company and everyone that i talk to that is in this line
of bussines is not happy. We have to deal with a ton of rules and
regulations (DOT, MTO, 48 States, 10 Provinces each one with their own
rules), stupid overpaid drivers (making $13-15 hundreed per week in their
pocket), wrecking your equipment, frying loads or tipping over trailer,
insurance companies ripping our shirts off (I pay about 15'000.00 per truck
per year, that's like 12-13 hundreed per month! and if you have a claim you
get kicked out! I'm a small company (5 trucks), the company is worth about
$600'000.00, with this kind of dough invested i make enough to pay all the
leaches out there (ripoff repairs-last year an engine cost me 22'000.00$;
tires at 300-600$ a pop; loans; insurance $6300.00 per month;
drivers-$24'000.00) so every month i make what? like $90'000.00, this is
ninety thousand dollars per month!!!, Now, I don't drink, I don't do drugs,
I don't drive a fancy car, I have 6 other people helping me with the
operations of the company, they don't steal from me (I know for sure as I
get paid with cheques and the accounting is independent-ha! another gi a
month! f....ing leach!).
My credit cards are maxed out all the time (I have an outstanding credit,
but f...ing stressfull), my bank account is constantly dry: 90 in 90 out...
What is that I am doing wrong?
I have my own mechanic (it saves me around 10 gis a month in road repairs as
oposed to previous years, and I have a good maintenace program)
Got my own warehouse (pays for itself) but I lease (can't come up with the
fricking down payment!)
I fired 4 employees last year to cut on salaries (now, the ones that are
left have more to do, so they have a full 8 hr days, so what?!, pay them
more...still saves me couple of gi's a week)
So why I can't get out of debt ( $400'000.00 and counting)?
If I sell my equipment I will pay off only part of what I owe and probably
end up with a debt of 50-60 grand (because the equipment is already
depreciated), at least now I have some cash flow...
Does anybody know what is there to do? Any good busines ideas, I don't
know...like a restaurant or a massage parlour...anything, just something.

The New Guy