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Truck - long distance transport business
Rank: Member Joined: 10/26/2008 Posts: 380
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@FRM2011, if you still need to consult - nditika@gmail.com
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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@mkimwa, thanks bro. Check your email.
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Rank: New-farer Joined: 5/30/2013 Posts: 56 Location: Mini Apple
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Has anyone participated in Truckers Kenya fractional ownership program? It seems an easy way to participate in the business but there is not a lot of details on how the business works or who the sponsors are. 82% payback in a year looks very high. "Investors like you place their money with Truckers Kenya for acquisition of assets for use in the transport and construction industries on their behalf. Proceeds from use of the asset(s) is then distributed to the investors on a prorated basis. Proceeds are paid out at an average rate of 82.5% per year. A s an example, an investment of 100,000/= translates to a net income of 82,500/= per year" Truckers Kenya Website
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Rank: Member Joined: 1/13/2012 Posts: 139
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Hey, this post might be a tad of topic but still falls in your purview. I am looking for a used 40ft containers, so far quoted prices are around 250k from dealers but maybe you as truck owners might have one lying loosely around or something. i would appreciate if you would assist me.
Cheers
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Rank: Member Joined: 5/2/2010 Posts: 305
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kendata26 wrote:Has anyone participated in Truckers Kenya fractional ownership program? It seems an easy way to participate in the business but there is not a lot of details on how the business works or who the sponsors are. 82% payback in a year looks very high. "Investors like you place their money with Truckers Kenya for acquisition of assets for use in the transport and construction industries on their behalf. Proceeds from use of the asset(s) is then distributed to the investors on a prorated basis. Proceeds are paid out at an average rate of 82.5% per year. A s an example, an investment of 100,000/= translates to a net income of 82,500/= per year" Truckers Kenya Website Anyone with experience with these guys?
“Once the last tree is cut and the last river poisoned,you will find you cannot eat your money" Traditional saying.
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Rank: Veteran Joined: 6/8/2007 Posts: 675
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That truckers deal looks fishy. Why don't they take a loan out at 20% and pocket the difference? Kwani ni biashara ama charity? Form is temporary, class is permanent
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Rank: New-farer Joined: 4/3/2010 Posts: 61 Location: Nairobi
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mawinder wrote:Any wazuan with information on the process of contracting trucks to DHL,SDV TRANSAMI,G4S the returns and any other important information Am also in need of the info please provide business or referrals for my truck. Make: Mitsubishi FH 215 Capacity: 10 Tons Highsided body open top truck Brand new, procured from Simba Colt Motors with Comprehensive commercial insurance cover contact: 0738942421 Email: assayea@gmail.com
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Rank: New-farer Joined: 5/30/2013 Posts: 56 Location: Mini Apple
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Free wrote:mawinder wrote:Any wazuan with information on the process of contracting trucks to DHL,SDV TRANSAMI,G4S the returns and any other important information Am also in need of the info please provide business or referrals for my truck. Make: Mitsubishi FH 215 Capacity: 10 Tons Highsided body open top truck Brand new, procured from Simba Colt Motors with Comprehensive commercial insurance cover contact: 0738942421 Email: assayea@gmail.com I like your gumption! You jumped in without a contract. I'm sure your hustling will be successful. Good luck!
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Free wrote:mawinder wrote:Any wazuan with information on the process of contracting trucks to DHL,SDV TRANSAMI,G4S the returns and any other important information Am also in need of the info please provide business or referrals for my truck. Make: Mitsubishi FH 215 Capacity: 10 Tons Highsided body open top truck Brand new, procured from Simba Colt Motors with Comprehensive commercial insurance cover contact: 0738942421 Email: assayea@gmail.com @Free how is the going so far. Am considering venturing to into this biz.
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Rank: Member Joined: 8/6/2008 Posts: 13
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DHL will hardly contract you if you have less than 4trucks. Most people with fewer trucks end up going through brokers who are already contracted. I did this with a Mitsubishi FH, my advice.. Don't even try. Dhl has recent bought its own fleet which of course takes first priority on all jobs. In terms of revenue, you get paid per trip according to the payment schedule. Unilever jobs pay the least, BAT and Medicine jobs pay the most but you have to canvass to get these jobs. If you have a truck and paying off a loan, dhl would be a bad idea.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Jaro wrote:DHL will hardly contract you if you have less than 4trucks. Most people with fewer trucks end up going through brokers who are already contracted. I did this with a Mitsubishi FH, my advice.. Don't even try. Dhl has recent bought its own fleet which of course takes first priority on all jobs. In terms of revenue, you get paid per trip according to the payment schedule. Unilever jobs pay the least, BAT and Medicine jobs pay the most but you have to canvass to get these jobs. If you have a truck and paying off a loan, dhl would be a bad idea. Thanks @jaro. What of SDV TRANSAMI,G4S,BOLLORE AFRICA?
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Jaro wrote:DHL will hardly contract you if you have less than 4trucks. Most people with fewer trucks end up going through brokers who are already contracted. I did this with a Mitsubishi FH, my advice.. Don't even try. Dhl has recent bought its own fleet which of course takes first priority on all jobs. In terms of revenue, you get paid per trip according to the payment schedule. Unilever jobs pay the least, BAT and Medicine jobs pay the most but you have to canvass to get these jobs. If you have a truck and paying off a loan, dhl would be a bad idea. Thanks @Jaro
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Rank: Member Joined: 10/26/2008 Posts: 380
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Jaro wrote:DHL will hardly contract you if you have less than 4trucks. Most people with fewer trucks end up going through brokers who are already contracted. I did this with a Mitsubishi FH, my advice.. Don't even try. Dhl has recent bought its own fleet which of course takes first priority on all jobs. In terms of revenue, you get paid per trip according to the payment schedule. Unilever jobs pay the least, BAT and Medicine jobs pay the most but you have to canvass to get these jobs. If you have a truck and paying off a loan, dhl would be a bad idea. Without a contract (not only DHL), taking a loan for the truck is always a bad idea.. Every week, banks that deal with asset finance, aka NIC, CFC Stanbic, KCB, e.t.c. are always auctioning trucks. However, if you have a truck, go ahead, borrow and grow the business. Otherwise the banks come calling, or you are forced to take some bad jobs just because you need to give the bank its 200K every month, religiously. SGR is also coming in 2017, which means that there may be excess capacity soon given the number of new trucks on the roads..
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Rank: New-farer Joined: 7/3/2015 Posts: 12
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Hi guys, to all folks who own trucks, especially if you own more than 1 (but not necessary, 1 is ok), please get in touch with me at ernest.g.n (@ the mail service of google). I'm working on a research project, and would like to learn from you and see if the stuff I'm working on can help you earn more revenue/grow your business.
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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kendata26 wrote:Has anyone participated in Truckers Kenya fractional ownership program? It seems an easy way to participate in the business but there is not a lot of details on how the business works or who the sponsors are. 82% payback in a year looks very high. "Investors like you place their money with Truckers Kenya for acquisition of assets for use in the transport and construction industries on their behalf. Proceeds from use of the asset(s) is then distributed to the investors on a prorated basis. Proceeds are paid out at an average rate of 82.5% per year. A s an example, an investment of 100,000/= translates to a net income of 82,500/= per year" Truckers Kenya Website 82.5%? Thats a red flag right there. You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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XSK wrote:kendata26 wrote:Has anyone participated in Truckers Kenya fractional ownership program? It seems an easy way to participate in the business but there is not a lot of details on how the business works or who the sponsors are. 82% payback in a year looks very high. "Investors like you place their money with Truckers Kenya for acquisition of assets for use in the transport and construction industries on their behalf. Proceeds from use of the asset(s) is then distributed to the investors on a prorated basis. Proceeds are paid out at an average rate of 82.5% per year. A s an example, an investment of 100,000/= translates to a net income of 82,500/= per year" Truckers Kenya Website at 82.5% i d just get bank financing even at 30% at selfishly pocket the 52% without stress 82.5%? Thats a red flag right there. I find satisfaction in owning great business,not trading them
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Rank: Hello Joined: 3/6/2016 Posts: 3 Location: Nairobi
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kysse wrote:The 2 businesses I would consider doing in Kenya are: Warehousing and Long distance trucking.
If you are in serious biz of trucking please put your contacts here. Got customers.
Now you mentioned weighbridge. Why should you as a truck driver accept to carry overweight knowing so well that you will not pass the weighbridge?
Isn't the penalty the driver's cost? because he was too greedy to say no to biz?
Hi. I have 3 trucks 40 footers with a container body on skeleton trailers. My trucks are fully insured for Goods In Transit and are fitted with tracking devices. I am interested if you have any work for them. My e-mail is info@onkarhauliers.com
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Rank: Hello Joined: 3/6/2016 Posts: 3 Location: Nairobi
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kysse wrote:The 2 businesses I would consider doing in Kenya are: Warehousing and Long distance trucking.
If you are in serious biz of trucking please put your contacts here. Got customers.
Now you mentioned weighbridge. Why should you as a truck driver accept to carry overweight knowing so well that you will not pass the weighbridge?
Isn't the penalty the driver's cost? because he was too greedy to say no to biz?
Hi. I have 3 trucks 40 footers with a container body on skeleton trailers. My trucks are fully insured for Goods In Transit and are fitted with tracking devices. I am interested if you have any work for them. My e-mail is info@onkarhauliers.com
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Just a note . Make some analysis on the effect of Trucking business by SGR.
I.e. Competition in other regions by those who will loose the Mombasa, Nairobi, Malaba etc ( where will this line end).
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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streetwise wrote:Just a note . Make some analysis on the effect of Trucking business by SGR.
I.e. Competition in other regions by those who will loose the Mombasa, Nairobi, Malaba etc ( where will this line end).
SGR will offer minimal impact to trucks due to the high rates of freight charges as the inflated cost of the railway has to be factored in and people got to eat in government.Trucks are here to stay!!!!!!!!!!
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