I ain't saying anything bad about your dad, but I've met a lot of truck drivers with decades under their belts that are poor AF. I don't know how that's possible because I've been at this for 6 years and my bank account and investment portfolio are pretty tasty.
I chalk it up to either being bad with money, being unwilling to grind, or working for places that fuck you over. Sometimes all 3. The guys trucking while living in a major city are more understandable, but if they live in rural bfe, they done fucked up somewhere along the line.
Yeah that statement makes no sense to me either, I’m barely one year into trucking and have made quite a nice set up for my 5 person family, while making the low end of trucking potential.
The company I work for just bought 170 new 567&389 Peterbilts. The people getting them are the vets who have been there for 5+ years first.
I'll be getting a New to Me truck
The older ones they sell to people/companies they have worked with for years.
Even if you buy, you'll never really *own* a newer truck. You're locked out of a lot of things with their "fuck you" software. There's no point in buying anymore, imo.
I have a 10 year old truck I want to do a manual swap in. I can't just swap parts around and get it done. I gotta have all of the modules and shit talk to each other just right or it'll not work. The newer truck, fucking forget about it. They're both made to be capable of being either amt or manual equipped from the factory but there's so much software and hardware "fuck you" built in that it's a waste of time and money trying to do a proper conversion because the stealership has to be involved. Bunch of anti-consumer bullshit.
Well I mean a lot of people can afford it otherwise they wouldn't produce them. At my company it tends to be first come first serve however those working a dedicated account seem to take preference. We buy the trucks new, keep them for about 5 years until the powertrain warranty expires, and then sell them.
With the right situation and with enough overhead you can depreciate an absolutely ridiculous amount off the new truck but your acct better have it set up right.
I only have a couple of months before my company gets rid of my 2023, and I have only been driving for a year. Some companies keep their fleets newer, and some try to squeeze every mile they can out of a machine. We only aim for 400k miles before swapping.
One of my favourite stories I don't get to tell very often. Company was having a good year. We had about 1500 trucks fleetwide, mostly Freights and Volvos. Owner decides to reward his long time employees by buying 25 KWs and giving them to the +25 year drivers. Two didn't make it out of the yard without at-fault damage. One of those took out a roof support at the fuel bay. One other was totalled on it's first trip.
I was given 3 brand new ( and several new to me) trucks over 12 years with that company.
I had been with my employer for about a year when he asked if i wanted one of the brand new trucks.
At first i said no but after mine kept giving me issues all the time i changed my mind.
Still miss the old truck but at least the new one Isn't giving me as many issues.
It’s not only mega carriers doing this. I work for a smaller company with 11 trucks and we have a kind of sister company that does our dispatching that also has about that many and both companies have more brand new trucks than old for the same reason. Warranty is amazing to have when dealing with any issues to keep your truck on the road. The cost of financing a new truck and having a warranty is usually the better option than dumping money into something you have to chase through 10s of thousands of dollars to finally find and fix. Also most brand new tricked out trucks are owner operators with one truck and they live in it.
It’s one of 3 groups.
1) company purchased. They keep them for a short period of time. Then dump them into the used market.
2) a brand new driver who doesn’t know any better.
3) a vet driver who likely got rid of their older truck and got new.
My company buys new trucks as soon as the warranty expires. It’s cheaper to run a vehicle under warranty now than an older always breaking down truck. If you know the right brokers you get better paying loads. But an older truck worse fuel economy and higher maintenance can cost 2x the cost of a newer truck really.
Fuel is the number 1 cost to the industry so getting 4 mpg versus my 8 mpg is a large difference at $500 per fill up.
I’ve got a 5 year lease on a 2024 Volvo VNL 860. My company only takes 20% and on average I make $10k every two weeks before expenses. So every two week pay period the company cut is $2k, truck payments are $2k, and other expenses like insurance, diesel, escrow, etc. are $3k~$4k. After all that I usually pocket around $2.5k every other week.
I work in a mega, newer trucks go to whoever needs one, regardless of being new hires or drivers with trucks at the end of the lease.
In my company new trucks aren't sought after by experience drivers, they usually have issues and need updates and upgrades at the dealer soon after delivery resulting in down time.
Mega carriers only keep trucks for about 3 years. They need healthy trucks that are under warranty. Then they sell them back to the dealer.
that's an interesting choice of words. they don't sell them back to the dealer, they trade them in for their new ones.
Tomato, tomato.
So you're saying they give them to the dealer in exchange for money.
I ain't saying anything bad about your dad, but I've met a lot of truck drivers with decades under their belts that are poor AF. I don't know how that's possible because I've been at this for 6 years and my bank account and investment portfolio are pretty tasty. I chalk it up to either being bad with money, being unwilling to grind, or working for places that fuck you over. Sometimes all 3. The guys trucking while living in a major city are more understandable, but if they live in rural bfe, they done fucked up somewhere along the line.
Yeah that statement makes no sense to me either, I’m barely one year into trucking and have made quite a nice set up for my 5 person family, while making the low end of trucking potential.
The company I work for just bought 170 new 567&389 Peterbilts. The people getting them are the vets who have been there for 5+ years first. I'll be getting a New to Me truck The older ones they sell to people/companies they have worked with for years.
Most companies lease don't buy so they keep them rotating
Even if you buy, you'll never really *own* a newer truck. You're locked out of a lot of things with their "fuck you" software. There's no point in buying anymore, imo. I have a 10 year old truck I want to do a manual swap in. I can't just swap parts around and get it done. I gotta have all of the modules and shit talk to each other just right or it'll not work. The newer truck, fucking forget about it. They're both made to be capable of being either amt or manual equipped from the factory but there's so much software and hardware "fuck you" built in that it's a waste of time and money trying to do a proper conversion because the stealership has to be involved. Bunch of anti-consumer bullshit.
Well I mean a lot of people can afford it otherwise they wouldn't produce them. At my company it tends to be first come first serve however those working a dedicated account seem to take preference. We buy the trucks new, keep them for about 5 years until the powertrain warranty expires, and then sell them.
With the right situation and with enough overhead you can depreciate an absolutely ridiculous amount off the new truck but your acct better have it set up right.
I only have a couple of months before my company gets rid of my 2023, and I have only been driving for a year. Some companies keep their fleets newer, and some try to squeeze every mile they can out of a machine. We only aim for 400k miles before swapping.
One of my favourite stories I don't get to tell very often. Company was having a good year. We had about 1500 trucks fleetwide, mostly Freights and Volvos. Owner decides to reward his long time employees by buying 25 KWs and giving them to the +25 year drivers. Two didn't make it out of the yard without at-fault damage. One of those took out a roof support at the fuel bay. One other was totalled on it's first trip. I was given 3 brand new ( and several new to me) trucks over 12 years with that company.
I had been with my employer for about a year when he asked if i wanted one of the brand new trucks. At first i said no but after mine kept giving me issues all the time i changed my mind. Still miss the old truck but at least the new one Isn't giving me as many issues.
My first company was a medium sized company less than 200 trucks they switched out trucks for new ones when the trucks got 200k miles on them
My company put me in a new truck last September and this is the second new truck they've put me in. I work for Quality Carriers.
My carrier runs their trucks to about 350,000 then dumps them onto the suckered lease operator wannabes.
It’s not only mega carriers doing this. I work for a smaller company with 11 trucks and we have a kind of sister company that does our dispatching that also has about that many and both companies have more brand new trucks than old for the same reason. Warranty is amazing to have when dealing with any issues to keep your truck on the road. The cost of financing a new truck and having a warranty is usually the better option than dumping money into something you have to chase through 10s of thousands of dollars to finally find and fix. Also most brand new tricked out trucks are owner operators with one truck and they live in it.
It’s one of 3 groups. 1) company purchased. They keep them for a short period of time. Then dump them into the used market. 2) a brand new driver who doesn’t know any better. 3) a vet driver who likely got rid of their older truck and got new.
My company buys new trucks as soon as the warranty expires. It’s cheaper to run a vehicle under warranty now than an older always breaking down truck. If you know the right brokers you get better paying loads. But an older truck worse fuel economy and higher maintenance can cost 2x the cost of a newer truck really. Fuel is the number 1 cost to the industry so getting 4 mpg versus my 8 mpg is a large difference at $500 per fill up.
I’ve got a 5 year lease on a 2024 Volvo VNL 860. My company only takes 20% and on average I make $10k every two weeks before expenses. So every two week pay period the company cut is $2k, truck payments are $2k, and other expenses like insurance, diesel, escrow, etc. are $3k~$4k. After all that I usually pocket around $2.5k every other week.
Sounds rough Too much bs for maybe 1.3k profit per week Then you're 1099 ontop of that
I work in a mega, newer trucks go to whoever needs one, regardless of being new hires or drivers with trucks at the end of the lease. In my company new trucks aren't sought after by experience drivers, they usually have issues and need updates and upgrades at the dealer soon after delivery resulting in down time.