Posted on Leave a comment

Why truck prices are so high

Why trucks are so expensive right now

If you’re in the transportation world, you’ve seen inflation hit the market. It’s not just gas, it’s the price of our vehicles and prices of services that are so noticeable in our world. Take a look at this graph :

 

Producer Price Index by Commodity: Transportation Services: Truck Transportation of Freight (WPU3012) | FRED | St. Louis Fed (stlouisfed.org)

All of this can be scary, especially when Goldman Sachs lowered its forecast for annual U.S. economic growth, citing “higher oil prices,” and said there is a risk the United States will enter a recession in the next year.

Demand high, machines low

That being said, we all know goods still have to get to the table. Now it’s a question of what is getting the vehicle prices so high?

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in February after increasing 0.4% in January. In February, the index equaled 115.3 (2015=100) the same as January. ATA Truck Tonnage Index Unchanged in February | American Trucking Associations

Since the freight is about the same, it shows we are being choked by short supply. It’s impossible to move all of the freight truckers are being asked to move since there are not enough drivers and trucks

Materials not being made/supply chain disruptions

According to DC Velocity who quoted ACT Research, “Low-cost manufacturing countries with low vaccination rates have had trouble in previous Covid waves. The Delta variant knocked Indian steel production off-line and disrupted automotive sub-assemblers in Southeast Asia. To combat Omicron, the Chinese government has instigated shelter-in-place quarantines, continuing their strict lockdown policy. As China remains the world’s workshop, Chinese parts suppliers and ports going off-line is a real short-term risk.” Truck production could be slowed by pandemic labor shortages, ACT warns | DC Velocity

And now with a new variant spreading through China, we might see even more of an impact on manufacturing. To put it into perspective, China manufactures about 69% of manufacturing in asia. COVID-19 Pandemic’s Effect on Manufacturing Industry | Pumps & Systems (pumpsandsystems.com)

Chips

1,000s of trucks are waiting unfinished in lots, waiting for chip enabled components. 10’s of 1,000s of trucks are waiting for repairs that require similar components. The chip shortage has had a huge impact on the manufacturing industry. To combat this, Intel is investing $20 billion to develop a new computer chip manufacturing plant in Ohio. Trucking Applauds Intel on New Semiconductor Plant in Ohio | Fleet News Daily

Ukraine

The affects of the Russian invasion is likely to be huge, according to CEO of Interact Analysis Adrian Lloyd. Russia produces the most natural gas globally, so manufacturers outside of the U.S. that supply the United States will be affected greatly.

Initial impact from kindness

The biggest and most obvious is the covid factor. Covid had a huge impact, shutting down many manufacturers in 2020. PACCAR and Navistar being just two examples of many. But these examples were out of precaution.

Removing lot’s of employees is easier than getting people back in. There were many who looked forward to getting back to work, but a contingent still have not returned. One can observe this trend in any city, where masses of “help wanted” signs everywhere.

Squeezing the amount of workers in factories and creating regulations makes returning to work difficult.

No one to drive

One part of the problem is the delivering of these vehicles across the country to get them out of lots. The usual strategic carriers have run low on their driver pool.

According to Mike Mulqueen, a partner at a transportation consulting firm, JBF, “the percentage of tenders going to the spot market for many shippers is up to 30 to 40 percent. Before the pandemic, it would have been less than 10 percent. JBF’s consulting practice is totally focused on freight transportation and TMS implementations.” Freight Truck Shortages Are Changing The Face Of Logistics (forbes.com)

Vaccine mandate

Vaccine mandates are a huge issue for many americans for a plethora of reasons, including the right to self autonomy and personal health reasons. No matter the reason opposed to the vaccine, they are all opposed to mandating a vaccine.

Canada’s rules for U.S. drivers

In January of 2022, Canada banned U.S. and other foreign truckers from entering the country unless they are fully vaccinated. Canada will require non-vaccinated Canadian drivers to show a negative, Covid-19 test taken 72 hours prior to reaching the border before they are allowed entry. Those drivers will also have to quarantine for a 14-day period, which industry groups say will hurt fleets that are already short-staffed.

Truckers fret over pending COVID-19 vaccine rules at US-Canada border | Fox Business

Summary

Freight trucks and vehicles in general are getting expensive and it’s due to several factors. Covid playing a huge role in minimizing work force, foreign plants not being able to create the material we need here, chip shortages, lack of drivers to transport vehicles and material, and natural gas production being choked due to covid and US reactions to Russia’s invasion.

Posted on Leave a comment

Get in the Heavy equipment operating business

Get in the Heavy equipment operating business

Heavy equipment operators make good money. To get there you’re gonna need some training. So set aside a piece of your next paycheck and get in this business. Here’s how you’re going to do that.

Requirements

Many trade schools or apprenticeships are going to ask for a a high school diploma or a GED. These aren’t hard to get but taking the time away from work can be annoying. The test can take up to 7 hours, so brush up on your basic knowledge and do it. Here’s a link to get started: How to Get a GED Fast (study.com)

That being said, if you go through some other training options, you may not have to take a GED.

Get your training

Training to be a heavy equipment operator requires training. This can be done through state or union apprenticeships. Another option is to go through a college or technical school. There are also more courses available online.

heavy equipment operator certification online

Get trained for heavy equipment operating online. Check out this website and learn exactly what you need for the machinery you’ll be operating. If you want to operate a mobile crane, check out this guide here:NCCCO Study Materials: Mobile Crane Operator Certification Study Guide PDF (totalequipmenttraining.com)

Here’s what Total Equipment Training says about getting an online certificate for crane operating:

“The National Commission for the Certification of Crane Operators (NCCCO) has been nationally recognized to certify crane operators. Many states require certification and only acknowledge licenses obtained through NCCCO by a provider, such as Total Equipment Training. We are pleased to provide an affordable and effective training option and downloadable study materials to help you successfully prepare for the NCCCO Mobile Crane Operator Written Exams. These materials come in a digital PDF format.”

Used heavy equipment loans

 

To get started, or to see what the process is for loans on used equipment, check out our used heavy equipment category. From there you’ll be able to see whatever you might need on the job. It will give you an idea on the market. You can use a quick apply for a loan and the brokers will tell you the exact details for the machine you’ll need.

Here’s our selection of heavy equipment: Heavy Equipment – Only, Inc. (onlyinc.com)

Check out our quick loan application: Only, Inc. – Your Premier Used Truck and Heavy Equipment Sales Team (onlyinc.com)

Our financing is available through our two favorite brokers, Nation Capitol Funding, and True Core Capital.

Being a heavy equipment operator takes a GED, technical training or an apprenticeship, and skill. There are various ways to learn the tricks of the trade and applying yourself to this career will be worth it once you’re in. The benefits of going through a union also makes this more appealing for certain candidates.

Posted on Leave a comment

How much does it cost to buy a dump truck

How much does it cost to buy a dump truck

A dump truck can cost anywhere to $5,000 to dump trucks in the 6 figures. Starting costs are determined by factors such as year, mileage, damage, axles, bed metal, and more. Here are a few examples.

***PENDING***2002 Isuzu Vn flatbed with steel fold down sides–$24,950 – Only, Inc. (onlyinc.com)

This dump truck has steel fold down sides, brand new tires all around, it’s a 14′ flat bed. With only 84,000 this little dump truck is going to go fast. But to know what dump truck you need, you’ll have to know what kind of work you’ll be doing.

Not everyone needs a huge dump truck, may people will do with a smaller single axle for hauling mulch, dirt, and various debris. This is great for entrepeneurs who work outside doing large scale yard work.

Is buying a dump truck a good investment

Buying a dump truck can be an amazing investment. If you want to make money, there are plenty of opportunities to bring in a steady stream of income.

This includes offering your services to landscaping companies, working with the Uber of dump trucks to find work, online job boards, subcontracting to the DTO and more. Check out our article and see step by step how to do it: Here’s How To Make Money With Your Dump Truck – Only, Inc. (onlyinc.com)

I need a loan to buy my dump truck

You apply for financing in 3 easy steps. Just fill out our Quick Apply application. Next our lenders will review what you’re looking for, assess your needs, and bring you an offer in 24 hours. That’s pretty simple!

buy a dump truck with bad credit

Credit scores are not the only factor that lenders take into account. Generally people with 600 or above are more likely to get a loan or refinancing. Either way, it can’t hurt to apply, it’s only 3 steps. If you don’t get approved, maybe purchase a smaller dump truck and get a side hustle going and improve your credit score.

Posted on Leave a comment

Where to buy used heavy construction machinery online

3 places to buy and sell heavy machinery online

Buy heavy machinery online at Onlyinc.com

 

Onlyinc

Buying

Onlyinc.com has a great selection of machinery you can filter through. The machines are inspected and can be delivered right to where you need. Factoring in Onlyinc’s vetting process, you’re going to find a solid machine you can rely on.

Buying used is going to save you money when compared to buying brand new. That’s where Onlyinc comes in handy, giving you a good deal on a machine Onlyinc has inspected.

Selling

If you want to sell your heavy machinery, you’re going to find this the absolute option. There are no fees until you sell your machine. Unlike other sites which charge you per listing or per month, Onlyinc will keep your ad up until it sells. We take care of the advertising and marketing and we will bring you serious buyers, filtering out lookyloos.

Check out all the dump trucks, trailers, lifts, and more here: Only, Inc. – Your Premier Used Truck and Heavy Equipment Sales Team (onlyinc.com)

Ebay

Buying

As anyone knows, bidding can get you a great deal or max you out. That being said, Ebay will have a lot of options, you’ll just have to do more research to find what you need. Buying heavy machinery on Ebay requires you to do some research, so be sure to ask questions to the seller about the machinery.

Selling

If you sell on Ebay, you’re going to pay a hefty fee of about 12.5%. If you sell a dozer for about $60,000, you’re going to owe Ebay $7,500. If it’s not selling, you’re going to have to take the time to learn how to advertise your machinery on Ebay. Here’s a thread on selling on Ebay we found interesting confused about heavy equipment fees – The eBay Community

Machinery Trader

Buying

Here is an option some people use. There are a variety of machines to go through, especially earthing equipment. There are a lot of options in this site.

Selling

Selling on this site costs money is one downside, and if you have other rigs, you might have to sell on another site. Overall it’s a pretty good site with some great options.

MachineryTrader.com | New & Used Construction Equipment For Sale

Posted on Leave a comment

Buy or sell dump trucks online with ease

Buy and sell used or new dump trucks online with ease. Dump Truck Only offers the best deals in the country. Buy dump trucks today as we guide you through buying the truck you want, with options of leasing that work to your budget. If you want to buy a dump truck online, you have found the best authoritative resource.

At Dump Trucks Only, you can buy dump trucks like this single axle.

2008-M2-5-yd.jpg (1080×720) (wp.com)

 

Or this 94 Wester Star

If you want a dump truck with more axles, a little more power, you can buy this dump truck online too.

1994 Western Star 4964F 4 axle dump truck—-$50,000 | Dump Trucks Only

 

 

Maybe you need a pup trailer to tow behind, we got you covered. You can buy a pup trailer online here:

1993 STURDYWELD 4 AXLE PUP TRAILER-ALMUMINUM $19,000 | Dump Trucks Only

 

How do I buy a dump truck online?

It’s easy, once you do your research, you can search on our site, find the dump truck and get in contact with the dealer. They’ll set up shipment, payment, and you’ll get it right at your front door.

LEASES AND LOANS

True Lease – Operating Lease

Also called a Fair Market Value Lease, a True Lease allows you to write off each lease payment as an operating expense. When the lease term is up, you will have the option to renew the lease, upgrade the equipment, purchase it at Fair Market Value, or send it back.

 

   ○ Capital Lease
A Capital Lease is designed for you to own the equipment at the end of the payment period. We have created an easy way for you to purchase the equipment at the end of the term for just $1 (or $101, depending on your state
tax laws). 

Rental Agreement

We have the ability to structure an agreement as a Rental. Choose the term that suits your needs, commence
the agreement and simply rent the equipment or software. Rental Agreements are a great way to overcome
budget constraints.
Equipment Finance Agreement
EFA is a simple loan to your business that allows you to buy the equipment you need. Make your payments and at the end of your term, you are done. You chose what to finance including equipment, shipping, taxes, warranties etc.

Want some help buying your truck? Talk to one of our dump truck reps here

Your Regional Rep | Dump Trucks Only

How it works

It’s easy! Browse our site, search features or by make and model and find your truck. Once you find the dump truck you want, you can fill out the contact form or call the dealer. From there we’ll set up a place and time to drop off your dump truck that works for you.

Here’s a more thorough explanation on how to get your dumptruck!

How It Works | Dump Trucks Only

Posted on 3 Comments

Reasons you should be buying a single axle dump truck

Single axle dump trucks might be your best option

Single axle dump trucks are the cure. At least the future for those looking to maximize certain hauls. Single axles bring a versatile range of power and fuel efficiency. For many reasons, drivers may want to add a single axle to their fleet, or for new drivers looking to break into the game.

Benefits of the single axle

Maneuverability

With a smaller wheelbase than larger dump trucks, single axle dump trucks can out maneuver and steer with greater ease than larger vehicles. This makes backup up, changing lanes, dropping a load, and getting up to speed on a highway easier.

This 15′ dump truck does just the trick. It’s haul comes in at 33,000 GVWR.

The maneuverability is going to come in handy when you deliver to anywhere residential. For some dump truck owners, single axles allow business owners to diversify their services. A landscaping company can sell their own dirt or gravel, without being reliant on another company to make the delivery on time.

Fuel efficiency

Anybody that drives dumps knows fuel takes a big cut out of profits, especially if you’re working on your own. Rather than tossing $20s out the window every hour, take a look at the little guys. A single axle means you can take loads using less fuel. Of course you can’t haul as much as regular dump trucks, but you’ll find many times where the dump can has a sad amount of emptiness in it.

If you sell material in smaller quantities, you’ll find a single axle to your advantage. There’s no point in a tandem if you don’t fill it.

Cheaper price

FET taxes suck. That’s an extra 12% you pay on top the sales price. Single axles under 33,000 GVWR do not have to suffer that 12%. That will easily save you thousands of dollars.

You also won’t need a CDL for any truck with a GVWR below 26,000. If you are within the right GVWR, you can also tow a trailer less than 10,000 GVWR.

Greenhorns looking to get in the game will benefit from a vehicle that is cheaper and “less” regulated. Single axle offers amazing benefits that

Things to consider:

Some obvious yet important things to consider: When you’re buying, check for any cracked springs and a solid body. You’re going to be putting some serious weight on the little dump, so check it’s max weight. It can be easy to overload a single axle, but if you’re smart, you’ll be just fine.

Here’s what one expert had to say:

Talk to me for 2 seconds about dump trucks… | Adventure Rider (advrider.com)

“For “home” use, I would stick to a single axle, 5/2spd, 10′ box, probably gas, dump truck. Not a stake, flatbed, or grain dump for hauling dirt and gravel. Going to a tandem exponentially increases maintenance, repair, insurance, and licensing costs and may require a fuel use tag. I had an excavating business for 10 years and used an F700 gas truck as my 3rd unit and it did ok. I had it registered just below CDL weight. It wasn’t a heavy hauler, but it was a peach to drive after running the triaxle and the big LN8000 single.”

What kind of loads?

Single axle dump trucks are great for landscaping businesses

Single axles serve their best purpose with smaller more frequent load. If it stays on location, delivering single batches to customers, or just hauling around the property, you’ll be glad you bought something as maneuverable as a single axle. Big loads for long distance is another thing. Tandems do best for these kinds of hauling for the fact there is more traction, support, and mechanics to allow a great deal more payload.

Sources

Talk to me for 2 seconds about dump trucks… | Adventure Rider (advrider.com)

Single Axle vs. Tandem Axle: What’s the Difference? – NATDA

MPG of your truck full and empty? | TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board (thetruckersreport.com)

Posted on 1 Comment

Here’s How To Make Money With Your Dump Truck

There are some serious benefits to owning your own dump truck business. Whether you want a fleet, or just want to do your own thing, you got to make money. Being an entrepreneur means you have to go out and find work.

How to get jobs

Get a job! Finding work can be difficult for newbies, which is why many owner/operators with experience make the switch easier than it is for the beginners. Don’t stress, here are 5 tricks to get going on work. Continue reading Here’s How To Make Money With Your Dump Truck

Posted on 2 Comments

Aluminum vs Steel Dump Truck Beds

When buying a bed for your dump truck, you should consider several factors. Although aluminum is weaker, it offers a significant weight reduction while being versatile in hauling capacity when paired with an appropriate liner.

 Which is better?

You may want to know which is better, steel or aluminum. If you’ve looked online for this solution, you’ll see plenty of opinions, and boy are they adamant. But hey, dump truckers are passionate and they love what they love. So let’s look at which is better, steel or aluminum dump truck beds. Continue reading Aluminum vs Steel Dump Truck Beds

Posted on Leave a comment

Air vs Spring Suspension

The battle between air suspension vs spring

“Air springs reduce a great amount of vibration, elongating lifetime on the overall vehicle and the road system. The drawbacks to air springs leave room for sping systems, like the camelback, to take place as the overall superior choice, in terms of general scope.”

Air springs reduce the vibration going out. This less vibration going out means less damage to bridges, buildings, and roads. To make a serious impact, every vehicle would need to be air suspended.

The vibration from the road is less vibration on your vehicle. This means a healthier frame, bolts, motor mounts, and pretty much every part of the vehicle subject to bounce on the road. It’s not always the big potholes that do the damage, it’s the 1,000 roads that do the trick. Ever been to Oklahoma city? LA has some nasty roads too. Continue reading Air vs Spring Suspension