Posted by caterpillar guy on May 10, 2009 at 18:56:34 from (172.130.3.111):
In Reply to: retirement,/hauling posted by just another old geezer on May 10, 2009 at 08:14:56:
Like John said make sure you are familiar with the regs. Also if you haul machinery you will need by FMCSA rules a $1,000,000 in liability insurance plus cargo insurance of at least $100,000 Or forget being able to load for much of anybody. If you doubt this just look at 3 3020"s at $15,000x 3 is $45,000 these are old tractors if you load newer stuff the price goes up. I"m not trying to tell you not to go for it just some of expenses to it. You will also need to have Icc authority to be legal then fuel tax,hut tax for NY,KY,NM,OR then property tax for KS,KY,AR.Also will come the drug test, DOT physical, and some body to be the safety person also the billing comes too. This is just to be legal. Now you can go out load tractors and deliver them till there is an issue like the guy runs a light knocks the tractor off and then WHO pays not your insurance company if you are hauling for hire on your car insurance you will be and they will probably drop you too. Right now things are so slow I would wait till things pick up some. Just my opinion on that.
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