Success stories purchasing a freight company?

by a searcher from Northeastern University

1 year ago

Interested in essential or recession-proof services in my search, found an opportunity and it sure seems the logistics industry fits both categories.

Wondering if anyone had any success (or horror) stories getting into the freight business. 

Do need to do some due diligence, but it includes 5 tractor trailers and 7 trailers (5 are refrigerated), allowed to move any type of freight nationwide. Furthermore, it's a motivated seller that can do 40-50% seller financing and is willing to stay for an 8% equity.

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1 year ago | like reply | 0 likes

searcher from The University of Chicago - Booth School of Business

I would agree with Alexander's comment above. Is this nationwide full truckload shipping, less than truckload, drayage, or some other shipping? Generally this industry can be very cyclical and we have just have been through a period of strong rates (to put it mildly) with some rates rolling over. Also, hiring truck driver's can be a challenge. This leaves a lot of moving parts around the profit equation and makes me think it would be difficult to ascertain exactly how much you'd be willing to pay for the assets.

1 year ago | like reply | 0 likes

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