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Re: Starting a Grain Hauling business


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Posted by caterpillar guy on November 12, 2016 at 03:38:03 from (75.128.154.186):

In Reply to: Starting a Grain Hauling business posted by Hogleg on November 10, 2016 at 05:20:48:

Hogleg
You don't need authority for grain . If you start hauling things like steel or equipment then you would need authority for that. The equipment market went south with the price of beans about 2 years ago. I have been fortunate in my stuff is paid for except for one trailer and it is about so.
With ICC authority you can haul manufactured products like steel ,machinery and processed products. Otherwise you would be an exempt carrier.
As others said have her wait till either she is married to him or find a different direction. I have seen about all of it in this business. From selling fuel to the tires off the truck. It is not a big money game for profits. Lots of expense cost though. How is he going to pay for fuel? What is the breakdown program to keep those bills paid. How often is the truck getting paid for the hauling? If monthly then you have to budget for that and figure fuel will run easily $5-$10,000 per month. Then the maintenance. The cheapest maintenance is a grease gun. I have only replaced on Universal joint in over a million miles. Had the frame suspensoin bushings looked at at about 900,000 and was told they looked good. I have never needed to replace the bushings in the front springs though I should look at them this winter. His doing the maintenance will save lots of cash, but only if he knows what he is doing.


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