Are we nuts, suggesting that right now might be time to start a trucking business? Don’t we know we are in a trucking recession? That may be why we’re talking about it now.
Contrarians Start a Trucking Business in 2023
TruckingOffice PRO has a new customer this year. Since January 1, 2024, they’ve created over 300 dispatches. For a new trucking business, that’s downright amazing.
The founding of this new business was two trucking companies that decided to merge. Unable to settle on either of their current trucking management software programs, they picked TruckingOffice PRO. We’re happy to see them develop a successful new company.
But it is a crazy idea during a trucking recession to start a business, isn’t it?
We’d love to talk to them and find out how they’re doing it.
Confidence in the Future
We admire people who have this kind of faith in the future to be willing to start a trucking business.
There’s an entire philosophy of investing called contrarian investing. It’s based on the idea that a good time to invest is when the price of investment is low. Like investing Disney right now. Its price is very low, so someone could buy stock now and hold it in the belief that the value of the stock will rise.
Making the decision to invest in a trucking company is a difficult one when we’re seeing such low rates. When the amount of freight that needs to be moved is low, plenty of truckers are hanging up their keys for now. Some sources say that over 35,000 trucking companies closed in 2023.
Contrarians will say there are 35,000 fewer competitors for their new trucking business. That’s why they will start a new trucking business now. They’ll get their own authority and get on the road.
Good for them!
Are you ready to start a new trucking business?
Whether your new business is a solo venture or merging with another company, we want you to consider TruckingOffice. Our trucking management software, TruckingOffice PRO, will provide you with the tools and data analysis you need to build a business in a recession. Trucker Stats™ give you clear insight into what you’re doing that makes money for your trucking company, and what you need to stop doing. Maybe it’s better for you to take shorter distance loads. Maybe it’s better to charge a minimum amount regardless of the distance when you’re handling a local delivery. Trucker Stats™ will tell you what you need to know.
And don’t forget our link to the TruckingOffice ELD. Get the exact mileage numbers you need for your IFTA and IRP payments with our TruckingOffice PRO and ELD together.
Need more information? Contact us today!
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