From the monthly archives:

March 2007

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Satisfaction has a price

by Douglas Gould on March 28, 2007

Trading big trucks for a tow boat requires moving to a different flow

Saturday, February 10, 2007

Ted Carr, 55, gave up trucking in 2003 to buy his own marine towing and salvage business….In addition to running the risk of abandoning an established career and starting a new business, Carr has had to adapt and sometimes sacrifice. [emphasis mine] He moved from Newberg to Sauvie Island to be near waterways. He has to be ready to respond 24 hours a day every day. He doesn’t have as much time to go fishing. “That’s probably the one thing I don’t like,” he said. “I can’t take off and go fishing at the coast the way I used to.”

Perks: “I enjoy helping people. There’s a lot of satisfaction to taking someone’s ruined day and making it better for them.” Drawbacks: It’s hard for Carr to take a vacation for more than a day or two because he is on call year-round. Pay: About $50,000 a year….What he charges: Vessel owners, who have prepaid an annual fee to a national service (similar to, but not affiliated with, AAA for cars), pay nothing for each tow. Others pay $165 an hour. Background: After graduating from high school in Long Beach, Calif., he held a number of jobs, including factory and gas-station work. Carr started driving a truck at age 21 and spent more than 30 years doing so. Family: Married to Nona, who helps in the business; three children.

Personally, I don’t know Ted Carr. But I post this to illustrate a point: what is it about this industry that requires a man to give up his time off for fishing and vacations? Owning a towing business should be an enjoyable profession, not an exile to the dock…

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North Lake Tahoe Bonanza – News

by Douglas Gould on March 26, 2007

Climbing onto my Soapbox:

The Washoe County Sheriff’s Office’s search & rescue team has a few new toys: a sidescan sonar and an ROV, the sonar costing $40,000 and the ROV costing $32,000. This story raised so many issues and questions that I can only mention the glaring ones. (viewing the article may require you to register an email address)

First of all, the source of the money that purchased these items. The story mentions that the sheriff’s office sold some old pieces of equipment and received donations from charities to fund the purchase of the sonar, and boasted that the system was purchased “without spending any taxpayer money.” So, it wasn’t taxpayers that donated to the charities in the first place? And I suppose that the “old equipment” wasn’t originally paid for by taxpayers? And when the sheriff sells “old equipment”, doesn’t that money belong to the taxpayers?

Why was this even mentioned in the article? Is the sheriff’s office just a little too anxious to preempt charges of spending the taxpayers money without cause?

The ROV was paid for with Homeland Security funds. Oh well then, at least the source of that total waste of money wasn’t local taxpayers, but the taxpayers of the whole country.

OK, I’m off my soapbox. I’m better now….

So, here is another thing I see in this story: a new income source for towers. Rob Butler spoke about his new ROV in Clearwater this past January. This kind of super-specialized equipment has some potential for higher returns than a towboat if you are in the right market. Any large shipping port with a regular traffic of cargo ships, barges and warships will certainly need the services of ROVs for inspections. Sidescan sonar is an excellent technology for locating stuff on the bottom, but perhaps not as in demand or as versitile as an ROV.

ROV work is a natural extension of towing & salvage: you already have the means to transport an ROV with a small, well equipped boat operated by a licensed captain. You probably have space to store an ROV, and the maintanence skills to keep it running. I wonder what a used one goes for?

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Tow Trucks

Last month I put up a post about ambulance rates. Now comes the other side of the coin: tow trucks. Comparing tow trucks and towboats from a business standpoint becomes rather complicated, because the list of differences is at least as long as the list of similarities. (Perhaps even more so than comparing ambulances.) So, [...]

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March 23, 2007 Read the full article →

A Bear Market?

Think about your local market, and your bottom line, and examine who sets the rates. When someone suggests that “Our customers will never pay that much,” how did they reach that conclusion? Is it just because some customers complain about the fees? Perhaps those are the same people who never leave a good tip, or [...]

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March 12, 2007 Read the full article →

A Summit Technology Can’t Reach – New York Times

A story in today’s New York Times about rescuing mountain climbers caught my eye. There are a few themes here that pertain to our industry. The first is that the readily available technology that promises to aid in search & rescue (like GPS & EPIRBs) creates a false sense of security, and encourages people to [...]

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March 9, 2007 Read the full article →