How Lou Makes Millions with a Heavy Hauling Business
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- เผยแพร่เมื่อ 12 พ.ค. 2024
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Our videos are published for entertainment purposes only. They are not financial, legal, or safety advice. Although we interview and consult with various experts, we are not attorneys or safety experts ourselves. You should seek advice from a licensed professional before taking any action derived from our videos in any way. - แนวปฏิบัติและการใช้ชีวิต
This dude explained the hassle of construction very clearly. Thousands of $ tied up with the hope of getting paid.
Lou is the real deal and knows what he's talking about
you can tell this guy knows his shit in and out, the way he thinks about and articulates his point of view on his business and strategy is honestly amazing to listen to. smart bloke.
Lou is no-nonsense and real. I wish there were more people like him.
A lot of hauling biz’s underestimate the importance of pre-planning.
Agreed
This dude is a really level headed business owner God bless him
Lou is not just a hard worker but a super good dude as well.
Really enjoyed this. Just recently got started in the trucking biz and in just 6 months i can already tell how everything he says is very true. Have also heard a lot of these points from others in the business.
Been waiting for this one. Thanks boys.
Hope you liked it!
Keep up the good work, I've just subscribed to your channel!
Thanks for the support!
Best interview yet keep it up!
Thanks for the support!
Stumbled on this, and it was so interesting to watch.
Great video...Great detailed information ❤
Thanks for watching, Jake!
Good work, those Mack's are sweet rigs, and his message was spot on. You have to walk before you crawl; that is Business 101. It's cash in vs cash out, especially in high-interest environments that we find ourselves in right now. You have to grind, you have to say yes to work that builds customer loyalty, and you have to watch your overhead, especially when starting out.
Well said!
Awesome job that MACK showed up in my shorts and I watched them all !!! I'm subscribed !!! I'm graduated same year as him and I don't have 1/4 of what he does I better get going lol😂😂
Lol, that's awesome!
I'd love to be a mechanic for this guy. Fleet work is top tier, guy seems like a really good boss and knows we all just wanna make money!
Lou is the real deal!
Great job , Take care of your health brother also .
Thanks for your input
I do 4 million a year with 5 lowbed trucks, and I tell every customer we are not the cheapest but will get the job done. We also never need an operator, doesnt matter if it's a crane or an excavator. We are fully self sufficient
Thanks for sharing your experience.
great interview thanks
Thanks for watching!
Greetings from Toronto, I have been driving a 89 Tri-axle Mack Superliner with a 10 foot wide JC 160 ton float all over Ontario and Quebec on and off 25 yrs ,I loved my Mack ,it had a 600 Cat engine, straight 8 inch pipes and it was load , same with 90 pete I also drove , can't beat the old trucks. Wish I knew how to post pics of my Mack to you . Cheers and Mack on
Right on!! 💪🏼
Thanks for sharing your experience!
Much respect for this gentleman
Thanks for watching
This guy has done some impressive jobs
Lou has the most impressive trucking and hauling business I've ever seen.
Those trucks are badass
Yeah, they are pretty impressive up-close
Sure trucking can’t be outsourced to overseas, so they brought the overseas here, white Cascadia or Volvo. Hammer down with foot on dash.
What truck do you prefer as an alternative?
A real truck with a hood
Volvo is made in USA @@redmesa2975
Yes
There isn't a shortage of drivers. There's a shortage of good paying freight. If you're company is having a hard time getting your freight moved, pay more money to move it.
Only in the USA can a young man accomplish so much in such a short time.
GBTUS.
This shows you what you can do with hard work and a single truck
100%
So true
And being a minority owned company
Well done, Lou!
Thanks for watching!
Listen here champ. It’s being outsourced to foreign drivers in exchange for a visa and green card. There isn’t a shortage of drivers. There are excess drivers, which gives network capacity, which lowers freight rates and driver pay rates.
Hi, champ. It's true that outsourcing can impact local job markets, but it's a bit more nuanced when it comes to the trucking industry. While there's been an increase in hiring foreign drivers (which is unfortunate), it's largely due to attempts to fill the perceived shortage, especially during peak demand times. This does add to the network capacity, which can affect rates and wages, but it doesn't necessarily translate to an overall excess of drivers. Keep in mind that market dynamics can be complex and influenced by numerous factors beyond just the number of drivers.
I mean yeah if you just run off load boards yeah the rates are trash. But if you're in this industry and don't have direct contacts/customers you're the dumb*ss
Sweat Venture!!!
Thanks for watching!
Nice one!
Thanks!
My dad usto be a heavy hauler he made $$$$$ I rem sometimes hed make 5 grand takehome in a hour or less it would blow my mind. I ended up working with him for a couple years learned everything but It wasn't for me didn't care for driving truck have bad ADHD so I couldn't stand being in that truck all day
Thanks for sharing your story. What are you doing now?
Cheap Freight rates say there's not a shortage of drivers
I don’t see many cheap freight rates out there right now…
@@RandyMarshUSA try Denver to anywhere
Some of the answers and questions seem to be from trolls or bots. There are very few loads paying good money.
No bots that I am aware of.
Get direct contracts/customers. If you're in this industry purely running off load boards you're the dumb*ss. Go out and talk to people it ain't that hard
Look into Southern Transport based out of Kilgore Tx. Successful trucking company
Thanks for your input.
Bro,I don't understand this truck driver shortage stuff,I drove trucks for 26 years and ended up having a medical issue that landed me in and out the hospital for 2 1/2 years and ended up costing me my cdl,due to not being able to renew it in time,and when I was able to renew it I couldn't due to a new "law" where the state of Louisiana wanted me to go to a truck driving school and start from the bottom.What a kick in the balls that was to me.
Securing the load is everything that’s for sure
It's crucial to secure the load properly.
When he said in the beginning "if you're wanting to start a trucking business then you are in the right place at the right time" i knew right then this dude doesn't know about trucking at all lol. And dude is talking 8 million per year, that's gross. Half of that is gone just with the fuel cost. Expenses are huge in trucking. Also you cant just start out owning a heavy haul company. Have to learn to drive, haul regular freight, save a few hundred thousand dollars, find customers, and THEN maybe you can do ok with a trucking business. But now is a terrible time. Rates are low and fuel is high.
To clarify, we're not claiming to be experts on trucking--we like to interview successful business owners to see how they achieved success. The $8 million figure mentioned is indeed gross revenue, which, while optimistic, is possible with the right strategy and scaling. You're correct that expenses like fuel are significant, but they're not as high as 50% of gross earnings. Industry averages are closer to 20-30% for fuel costs, depending on operation size and efficiency. Even during challenging times, we are talking to plenty of "truckers" who are doing very well, better than the average person.
I think he means real truckers not flipfloppers.
Get it!
Yes!
What I want to know is how do you get started and then how can one get their slelf to that level .A lot of these videos never really explain that .the process
To get "started", you should probably look into necessary licenses and permits, e.g. a commercial driver's license (CDL) and federal DOT and motor carrier numbers. You'd then need to purchase or lease your first heavy haul truck and secure insurance to cover your operations and cargo. To scale up to a large fleet, focus on building a solid reputation through solid service, expand your network to secure more contracts, and reinvest profits into purchasing more trucks and hiring qualified drivers.
So is insurance required for a hauling business?
Yes, insurance is typically required to run a hauling business to protect against potential liabilities, accidents, and damages. Depending on the jurisdiction and the nature of the business, different types of insurance such as liability insurance, cargo insurance, and commercial auto insurance may be necessary.
It’s easier to get a better pay raise if you jump job to job then if you stick around 10+ years with the same company 🤷♂️
Maybe with the attitude you have, but we speak to plenty of truckers who do well by working hard at the same company for a number of years.
Most importantly he had connections.
Not necessarily. He may have had some, but he built his company himself.
He didn't mention his shoes when discussing his trailers. They've got to be heavy haul shoes to carry that kind of weight.
Hauling equipment AND materials is a good idea right now
100%
No, it may not be able to be outsourced to overseas, but you can bring drivers in from other countries to work for longer hours, cheaper rates and run American truck drivers out of the industry. How many drivers do we see the do not speak English and are from India and South America.
Good point but most companies prefer and sometimes are required to higher Americans.
In niche sectors like heavy haul where communication is crucial and higher skill is required it narrows down the selection
I don’t think you’ll find too many flip flop wearing truck drivers working for this company or any other specialized trucking
Agreed
Good point
How heavy can a load be exactly?
Hauling companies typically transport heavy equipment like excavators, bulldozers, or cranes. When it comes to larger loads, they may also handle oversized loads like wind turbine components or industrial machinery for specialized industries.
Where is Lou located?
Orlando, FL
That’s a tough last name to say lol
Yes, lol. I've known him a long time and still struggle with it.
There is no shortage of driver in this industry in fact, it’s the other way around
He must have jumped on the GeoTab wagon pretty late. That software was hot garbage for the longest time.
There's no driver shortage
What are you doing next?
We're doing a video on laundry mats. Stay tuned...
Dang he’s got a lot of trailers. Sheesh.
Yeah he does haha
There is no shortage of drivers
Of quality drivers yes there is a shortage.
Agreed
A truck costs the same whether you work it 12 or 24 hours a day.....😂yeah apart from it wears out twice as fast ,costs more in service n repairs
I think you are missing his point. Even with repair costs, you're still doubling your efficiency rate by leasing your truck.
What can disrupt the trucking industry is the arrival for AI and automated trucking without drivers.
Stop it, gtfo with that bullcrap.
Big companies would love for this to happen but it won't be in our life time. Mostly because our government can't make rules and regulations fast enough to keep up with technology. There isnt even full self driving cars allowed yet which is much less dangerous.
Yeah, this is something that people who have never driven a truck say usually.
@@coltonkruse2313well said sir
I think AI will have an impact but human drivers will still play a significant role for a long time.
Don’t get into trucking right now. There are no shortage of drivers there are to many.
Not true buddy
Agreed. Also, this depends on where you are located, of course.
This is the worst time to get into trucking unless you are planning to get into a specialty market.
There is no driver shortage.
SURE SURE SURE SURE SURE SURE SURE SURE SURE SURE 😂
?
@@SweatVenture you said “sure” at least 20 times in the interview .
Sure 😂
I make more money hauling garbage than doing heavy haul.
How much?
Then go haul garbage
@@SweatVenture do it every day
Haters gonna hate
Let me say that becoming a single-truck owner operator isn’t that difficult. I’ve been an O/O for decades and my advice is get your CDL and be a company driver for a year or two. Make absolutely sure this is what you want to do with your life before you drop six figures on a rig. If you have no prior experience in the industry, either from years behind the wheel or as a dispatcher or salesman or some other desk job, successfully starting an interstate trucking company is a ludicrous proposition. Who is your customer base? If you think you’ll run brokered freight off the load boards you’ll simply go broke faster. The first step of starting a trucking business is obtaining capital. I started with twenty truck dry van fleet. So let say you want to start a twenty truck dry van fleet with decent new equipment. Got a cool $6,000,000.00 laying around? Good, with that you can buy the trucks and trailers. Now, are you going to have a truck yard to park all that gear? You’ll need at least three or four acres (hopefully paved) that loaded 18 wheelers can easily access. Going to have a shop and hire a mechanic or two to do routine maintenance, inspections and whatnot? Going to have an office with a dispatcher or two, a sales staff to gin up business, an accountant, a law firm on retainer, etc., etc? Oh yeah, trucking is a 27/7 business, so you’ll need your office staff to be on call nights and weekends. Probably another million or two right out the gate. If you’re ludicrously lucky you’ll be able to find 10 drivers who will stick around longer than a year. They’ll be wanting anywhere from $0.45 to $0.70 per mile, depending on what kind of freight they’re hauling. Best have a hundred grand in the payroll account to pay those fellas while you build up your customer base, because most reputable customers pay in 30 to 45 days, not right away. Got the idea yet? Unless you’ve been in the biz for quite some time and know exactly what you’re getting into, backed with a solid plan, there’s not too many quicker ways to go broke than trying to start a brand new trucking company. You could be thinking to borrow the startup capital. HAHAHAHAHA!! Don't do that, trucking is considered a high risk business to loan money to, especially if you’re starting from scratch with zero experience. So if you borrow $8,000,000 at 15% for 96 months you’re looking at a $143,563 monthly. An experienced O/O with good credit, solid plan and well structure team can get Grants. I got over $2million in grant funding to complete my project after funding out of pocket. Credit to my attorney/grant writer "Grantdocks".
You are 💯 right on this mate. A new entry level Class 8 tractor starts at $150,000.00 and goes up from there. Spiffy equipment to entice the highest quality drivers? $225,000.00+. PER TRACTOR. Trailers will cost you anywhere from $30,000.00 for a decent used van or flatbed to $200,000.00+ for a new heavy haul lowboy. I’m seeing new ’24 Utility reefer units listed for $105,394. New Trailstar end dumps for $94,900. New Hyundai dry vans for $90,160.