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11-14-2015, 08:29 AM #6
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- Aug 2015
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VFG - Thanks for your thoughtful answer. I have a couple trucking companies right now that claim to have 20-50 trucks each. I tend to see a combination of carriers and brokers, probably leaning toward carriers since they can grow quickly without major capital infusion. These two companies claim to own some trucks and also work with independent contractors (guys who own their own trucks, and haul for them). These companies get their loads from brokers and either haul themselves or sub it out to the independent contractors (as stated above, often a combination of both)
Interestingly, the trucking companies I look at claim to have very impressive net margins (20% - 40%) and are growing quickly. While that is enticing...I am cautiously suspicious. Robust growth is good, but quite often frantic growth can lead to some serious problems.
From your post, I take it that you are wary (and even flat out avoid) the carriers? If so, what if someone has a combination of both?
This is an interesting vertical, since so many avoid it. Conventional wisdom would suggest to avoid it also, but the little contrarian bird keeps tweeting to at least take a look at it.
Still very interested in everyone's feedback.Last edited by dpFund; 11-14-2015 at 08:33 AM.
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