How Lou Makes Millions with a Heavy Hauling Business
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- čas přidán 30. 06. 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. - Jak na to + styl
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.
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.
Fantastic! That’s a nice solid comfortable living/lifestyle for you and your family. 👍
When u first started, how did u find customers?
@@tomm3920 working in the area prior, also we try hard to separate our self from others heavy haul companies, with experienced operators. Gotta set your self apart
🤔
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.
A lot of hauling biz’s underestimate the importance of pre-planning.
Agreed
He is absolutely correct on,” you have to Love what you do to make it.”
Agreed
Been waiting for this one. Thanks boys.
Hope you liked it!
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!
Keep up the good work, I've just subscribed to your channel!
Thanks for the support!
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!
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.
Glad you appreciated it!
Best interview yet keep it up!
Thanks for the support!
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!
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.
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.
The shortage comes from guys like me that couldn’t get it before that law. Now I have to start my career $6k in the hole for school. I got lucky and got an unemployment program to pay for it but lots of young guys are starting out below 0.
@brycedeans2739 sorry you had to go through tbat.Frickin trucking driving schools suck.I sure would have thought myself that with 26 years holding a CDL and having alot of paperwork and drs.who were willing to write out affidavits stating my situation,the dmv didn't want to hear anything about it,just more worried about me going to one of these schools.
Stumbled on this, and it was so interesting to watch.
Thanks for watching!
Great video...Great detailed information ❤
Thanks for watching, Jake!
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
Great job , Take care of your health brother also .
Thanks for your input
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!
Those trucks are badass
Yeah, they are pretty impressive up-close
great interview thanks
Thanks for watching!
This guy has done some impressive jobs
Lou has the most impressive trucking and hauling business I've ever seen.
Much respect for this gentleman
Thanks for watching
You may not be able to outsource it, but you could sure bring the people in to take the jobs
This shows you what you can do with hard work and a single truck
100%
So true
And being a minority owned company
Securing the load is everything that’s for sure
It's crucial to secure the load properly.
Also people saying 8mill gross isn’t shit or isn’t a lot of money. These are people who have probably never grossed 200k. fuel and wages get deducted BEFORE gross pay as does the truck insurance. So yes 8mil is only gross but it’s still significant.
He says in the video he just bought millions in newer trucks and equipment. When he gets a lot of that paid down the majority of that gross profit will be net profit. Again a lot of you didn’t pay attention in simple accounting classes and it shows
Well said, Ryan.
Well done, Lou!
Thanks for watching!
that’s a damn good interview i wanna work for him ,
Thanks for watching. You should reach out to Lou via his website and see if he's got job openings.
Only in the USA can a young man accomplish so much in such a short time.
GBTUS.
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
Hauling equipment AND materials is a good idea right now
100%
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?
Sweat Venture!!!
Thanks for watching!
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
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.
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.
Your confusing regular bulk freight to a specialty business ( heavy haul) and in this case extra heavy haul
Heavy haul is a niche not a freight company. In the first 3 minutes of the video he gives away the secret to the companies succes but most of you were too dumb to even catch it.
I shouldn’t do this but I will explain it to you- They don’t make their money by putting heavy freight on. Truck. They make all their money by being a vertically integrated FULL SERVICE provided. THEY provide the route planning, route feasibility, specialized permitting. They do everything and they do it RELIABLY and ON TIME.
As a customer, You pick up the phone once and make a call and everything is handled. That is why this company is crushing it.
Just showing up in a worn out old truck with a mediocre driver isn’t how you get rich trucking. If your brokering freight off the freight boards and your wondering why your not rich then watch this video on repeat until you understand. Instead of getting salty on the internet perhaps take some business classes at a local community college.
Look into Southern Transport based out of Kilgore Tx. Successful trucking company
Thanks for your input.
Do your research southern transport just lost a huge piece in Texas killed two people
@@johnsobolewskijr.-tp8sr where was this at do you have a link?
@@johnsobolewskijr.-tp8sr just saw this post on it that’s crazy huge loss to the company for something like that to happen.
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
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.
yeah to be honest its an old school way of thinking. I think instead of trying to keep them as employees help build them to start their own trucking company or to progress. His mentality is you should work for me and be a reliable driver option to make me more money so he definitely will have serious turnover.
There is no shortage of driver in this industry in fact, it’s the other way around
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.
for any business, really...
That’s a tough last name to say lol
Yes, lol. I've known him a long time and still struggle with it.
Get it!
Yes!
There is no shortage of drivers!!
Most importantly he had connections.
Not necessarily. He may have had some, but he built his company himself.
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.
THE TOTAL TRUTH. I WISH THIS COULD BE A PUBLIC ANOUNCEMENT FOR EMPLOYEES TO HEAR. THESE KIDS DONT CARE, SHOW UP LATE LEAVE EARLY TURN 8 HOURS. NO WONDER.MEXICO IS SLOWLY TAKI G AMERICA
Thanks for your input, Hank.
Where is Lou located?
Orlando, FL
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.
There's no driver shortage
He must have jumped on the GeoTab wagon pretty late. That software was hot garbage for the longest time.
Dang he’s got a lot of trailers. Sheesh.
Yeah he does haha
What are you doing next?
We're doing a video on laundry mats. Stay tuned...
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.
i like him but bullshit staying at a company for 2 years doesnt make you mmore money unless your boss likes you best you leave and go else where for more money
Micro managed. Shiny equipment doesn’t always make for a good job. Not saying this isn’t a good job. Heavy haul is not for everyone.
Thanks for your input, Lawrence. What part do you feel is micro managed?
@@SweatVenture I don’t recall why I said that. Most companies Are micro managed. I guess they have to be.
I’m O/O I manage myself.
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.
SURE SURE SURE SURE SURE SURE SURE SURE SURE SURE 😂
?
@@SweatVenture you said “sure” at least 20 times in the interview .
Sure 😂
Man you made some money, now get your health together. We’d like to see you retire with grandkids! Jesus
Love you hope you live many long years here
There is no driver shortage.
I make more money hauling garbage than doing heavy haul.
How much?
Then go haul garbage
@@SweatVenture do it every day
Haters gonna hate
Bunch of bs theirs no shortage of drivers!!!!
Right,I know there's no driver shortage but people are trying to make it that there is to try to get people into truck driving schools.