Thrown into dump truck business

im in the dump truck bussiness. The way you talk, im not sure how you can profit. Most guys like my self with 1-3 trucks make money by driving one of them and maintaining all of them. You got it, owner must have mechanic know how to pull a trans, take motor apart, do diagnostics. Own laptop and software to go into truck computer. Change tires and install. Its a rough bussiness but in the end of the day it pays great and can live very very comfortable. I think your talking about going under a broker. You wont be saving on anything, it will equal out or be lesser. Im running one truck now. Less headache and easier to maintain and whats mine is mine. Still around 200k a year with 2 months off in winter. Pay little to no taxes at end of year with the amount of right offs.

 

my trucks are owned by another Corporation and then leased back to the trucking company there are some tax advantages but the main reason is the trucking company has very little assets that can be had in a lawsuit they can get all my insurance and I have all my equipment to start again but I have not needed this in the 30 years I have been in business, this does not lower my insurance cost that I'm aware of.
3 trucks can be profitable but after years at 3 I now have 5 and the overhead cost are easier to cover with more trucks for me I think 6 or 7 is all I can run without having to hire more office help for my wife and me and my 1 mechanic can handle.
It is very important in my view to spec the trucks for the job so they are as dependable as posable and I like that all 3 of your trucks are the same it makes maintenance and repair so much faster and easier to stock the parts and the and you can be ready for repairs that other trucks have had already.
I am going to go out on a limb hear but I bet Washington DC is a good place to run dump trucks because it is a very high end area with people always knocking down old houses and building new that is what keeps me busy hear in San Diego we do not work for poor people only the rich pay to move dirt or some government entity

 

Offer the drivers to sell them their trucks, if not sell them and/or the contracts to someone else and try to negotiate the driver keep their job and cash out, this is not over the road trucking and experienced guys have enough problems making it in this industry

your other option is sell 2 trucks and put thar money to a excavator and tag trailer and see if one guy wants to labor/drive, then it becomes a nessicary evil not an attempt at making money

if getting costs down and insurance down to pinch pennies to think you will make money pull the plug now because you will never be happy with what you make