1 00:00:32,460 --> 00:00:34,801 Speaker 1: Hello everybody and welcome back to the show. 2 00:00:34,801 --> 00:00:38,024 We are late summer 2025. 3 00:00:38,024 --> 00:00:41,365 It's been a dynamic year in the logistics industry. 4 00:00:41,365 --> 00:00:44,668 If you've been around for a minute, you know conditions are 5 00:00:44,728 --> 00:00:48,310 challenging and yet there's always seemingly hope just 6 00:00:48,370 --> 00:00:49,051 around the corner. 7 00:00:49,051 --> 00:00:52,513 I've heard from a lot of folks in the entrepreneurial space 8 00:00:52,873 --> 00:00:57,417 that this has been some of the most challenging times they've 9 00:00:57,496 --> 00:00:58,298 ever experienced. 10 00:00:58,298 --> 00:01:01,152 But on the flip side, there's a number of folks that are saying 11 00:01:01,152 --> 00:01:03,942 this has been the most opportunity they've seen in a 12 00:01:04,003 --> 00:01:07,109 long time also, and everybody has their own experience and 13 00:01:07,150 --> 00:01:12,926 perspective on it, and if you're in that trough yourself right 14 00:01:12,986 --> 00:01:16,292 now, I encourage you to reach out to somebody that you can 15 00:01:16,832 --> 00:01:17,534 talk to about it. 16 00:01:18,099 --> 00:01:20,265 Don't go through that difficult part alone. 17 00:01:20,265 --> 00:01:23,061 That's part of what we try to do here on the show is connect 18 00:01:23,281 --> 00:01:25,649 founders with other founders to be able to have some of those 19 00:01:25,688 --> 00:01:26,570 tough conversations. 20 00:01:26,570 --> 00:01:29,813 And if you're on the high end of that and things are going 21 00:01:29,853 --> 00:01:32,162 great, chances are you're being really quiet about it. 22 00:01:32,162 --> 00:01:34,347 That's the observation I've made. 23 00:01:34,347 --> 00:01:39,186 The folks that are really loud on social media lately generally 24 00:01:39,186 --> 00:01:40,468 aren't the ones doing the best. 25 00:01:40,468 --> 00:01:43,643 The ones who are doing the best are keeping their head down 26 00:01:45,626 --> 00:01:47,450 while the sun is out there making hay. 27 00:01:47,450 --> 00:01:51,427 So, wherever you might be on that spectrum today, we're glad 28 00:01:51,447 --> 00:01:52,090 that you're here. 29 00:01:52,090 --> 00:01:55,143 We're going to hear another founder perspective from 30 00:01:55,203 --> 00:01:58,149 somebody that I'm going to just call right off the bat a great 31 00:01:58,230 --> 00:01:58,691 character. 32 00:01:58,691 --> 00:02:03,581 Vin Carano is the president and owner of Finice Freight 33 00:02:03,621 --> 00:02:05,045 Brokerage on the East Coast. 34 00:02:05,045 --> 00:02:07,290 Vin, good morning, how are you today? 35 00:02:07,730 --> 00:02:08,712 Speaker 2: Hey Nate, how are you doing today? 36 00:02:09,379 --> 00:02:10,322 Speaker 1: I'm doing quite well. 37 00:02:10,322 --> 00:02:14,281 When we first got introduced through our mutual friend, trey 38 00:02:14,320 --> 00:02:18,382 Griggs, he goes I got somebody you've got to meet and whenever 39 00:02:18,442 --> 00:02:21,069 I hear something like that, I'm like there's always a story 40 00:02:21,110 --> 00:02:23,204 behind it and I love telling stories and sharing them. 41 00:02:23,204 --> 00:02:26,552 So we were five minutes into our first conversation and I was 42 00:02:26,552 --> 00:02:29,668 like, all right, we might need to do more than just a podcast 43 00:02:29,728 --> 00:02:30,009 episode. 44 00:02:30,009 --> 00:02:34,325 We might need to do one of those in-depth investigative 45 00:02:34,365 --> 00:02:37,651 journalism feature length stories. 46 00:02:37,651 --> 00:02:39,854 Why don't we start? 47 00:02:39,854 --> 00:02:42,950 Well, we'll unpack all of it, I'm sure, today, but why don't 48 00:02:42,971 --> 00:02:47,365 we just start with a basic introduction and your entry into 49 00:02:47,365 --> 00:02:48,227 the logistics world? 50 00:02:49,008 --> 00:02:51,675 Speaker 2: Oh goodness, my name is Vin Carano. 51 00:02:51,675 --> 00:02:55,645 My grandma called me Vinny and so some people call me Vin Vinny 52 00:02:55,645 --> 00:02:59,532 still, and I like that a lot because it's different Than what 53 00:02:59,532 --> 00:03:00,460 you get in a lot of places. 54 00:03:00,460 --> 00:03:06,949 But my grandfather Was a trucking company owner and he 55 00:03:07,169 --> 00:03:08,415 passed away At a very young age. 56 00:03:08,415 --> 00:03:14,116 He was only 49 and my dad and my uncle basically Dropped out 57 00:03:14,157 --> 00:03:16,664 of school, came home from the military and started driving the 58 00:03:16,664 --> 00:03:18,465 trucks, cause the only thing they knew is how to support 59 00:03:18,485 --> 00:03:18,947 their family. 60 00:03:18,947 --> 00:03:20,983 It's what they learned from their father, who learned it 61 00:03:21,022 --> 00:03:25,132 from his father, who came over through Ellis Island and was on 62 00:03:25,171 --> 00:03:29,329 a boat with a bunch of other, just laborers and, um, you know, 63 00:03:29,329 --> 00:03:31,881 we we have these records that trace all the way back, which is 64 00:03:31,881 --> 00:03:33,564 really cool, but I digress. 65 00:03:33,564 --> 00:03:42,479 So Grandpa was a truck driver, trucking company owner, my 66 00:03:42,539 --> 00:03:44,506 father was with his brother and they did really, really well. 67 00:03:44,506 --> 00:03:47,173 They got up to about 125 trucks running an LTL operation with 68 00:03:47,193 --> 00:03:50,159 terminals in Rhode Island and New Haven Connecticut was the 69 00:03:50,199 --> 00:03:55,027 base of operations Allentown, camden, new Jersey and they had 70 00:03:55,068 --> 00:03:59,539 a nice little operation running Fast forward to 1989, little 71 00:03:59,561 --> 00:04:00,883 Vinny was getting out of college . 72 00:04:01,245 --> 00:04:04,060 I went to Bentley it was Bentley College at the time Bentley 73 00:04:04,100 --> 00:04:07,128 University now and I thought I was going to take this 74 00:04:07,209 --> 00:04:10,265 management degree and run daddy's trucking company and 75 00:04:10,286 --> 00:04:11,909 well as the logistics world does to people. 76 00:04:11,909 --> 00:04:16,154 It sort of twisted things around on us and they closed 77 00:04:16,175 --> 00:04:19,585 that company about three months before I got out of college due 78 00:04:19,605 --> 00:04:20,888 to some union issues. 79 00:04:20,888 --> 00:04:24,282 There was some underfunded pensions, it was just there was 80 00:04:24,322 --> 00:04:25,425 a real mess going on. 81 00:04:25,425 --> 00:04:30,081 My dad took a warehousing company and said I'm going to 82 00:04:30,120 --> 00:04:32,588 try to keep doing this but I don't really have a place for 83 00:04:32,629 --> 00:04:33,110 you right now. 84 00:04:33,110 --> 00:04:38,951 I said that's okay, and during my summers I had worked for 85 00:04:39,172 --> 00:04:39,994 their trucking company. 86 00:04:39,994 --> 00:04:45,346 I learned how to do things like claims and customer service and 87 00:04:45,346 --> 00:04:50,875 some real kind of basic OS&D and this kind of thing from a 88 00:04:51,035 --> 00:04:51,475 great man. 89 00:04:51,475 --> 00:04:53,586 Their office manager at the time was Joe Valentino and we're 90 00:04:53,586 --> 00:04:54,329 still friends today. 91 00:04:54,329 --> 00:04:55,745 So I love this man a lot. 92 00:04:55,745 --> 00:04:57,165 He's just really been good to me. 93 00:04:57,165 --> 00:04:58,305 He's taught me so much. 94 00:04:59,220 --> 00:05:05,420 But I didn't have a job and I didn't have a place to go and I 95 00:05:05,440 --> 00:05:08,365 had this great management degree and so I started looking for 96 00:05:08,404 --> 00:05:11,204 something to do and I took a couple sales jobs selling copy 97 00:05:11,225 --> 00:05:14,112 machines and plumbing parts and all just whatever I could take 98 00:05:18,500 --> 00:05:19,744 and I saw an ad in paper for New England Motor Freight. 99 00:05:19,744 --> 00:05:24,038 They're looking for an OSND supervisor and I knew OSND so I 100 00:05:24,059 --> 00:05:25,764 was like, well, I don't know what supervisor means, but I'll 101 00:05:25,803 --> 00:05:26,225 go down there. 102 00:05:26,225 --> 00:05:29,142 So I went down to the terminal and I filled out a job 103 00:05:29,223 --> 00:05:33,338 application and a man named John Weber said I know your dad and 104 00:05:33,439 --> 00:05:34,461 I'm going to give you a shot. 105 00:05:34,461 --> 00:05:36,005 I said, well, what's the supervisor mean? 106 00:05:36,005 --> 00:05:38,432 First, because I don't really know about supervising. 107 00:05:38,432 --> 00:05:38,860 And he goes. 108 00:05:38,860 --> 00:05:41,906 There's three guys on the doctor in the day for three 109 00:05:41,947 --> 00:05:42,449 hours a day. 110 00:05:42,449 --> 00:05:42,749 He goes. 111 00:05:42,749 --> 00:05:43,230 You could do it. 112 00:05:43,230 --> 00:05:47,940 I said okay, and he had a lot of faith and I worked OS&D there 113 00:05:47,940 --> 00:05:50,862 and I worked dispatch and I worked inbound supervisor, 114 00:05:50,923 --> 00:05:51,843 outbound supervisor. 115 00:05:51,843 --> 00:05:53,064 I worked my way up. 116 00:05:53,324 --> 00:05:57,267 I became the terminal manager at some point and about 10 years 117 00:05:57,307 --> 00:05:59,889 later dad called and he says well, this warehousing company 118 00:05:59,970 --> 00:06:02,971 is a little beyond me and I really want to buy your uncle 119 00:06:03,072 --> 00:06:04,913 out, but I need help. 120 00:06:04,913 --> 00:06:06,915 I said, all right, let's do it. 121 00:06:06,915 --> 00:06:09,877 You're my father and family is family, so let's go. 122 00:06:09,877 --> 00:06:15,572 And so he did and we ran the warehouse for 14 years. 123 00:06:16,600 --> 00:06:17,100 It was a mess. 124 00:06:17,100 --> 00:06:18,961 It was uh, it was very, very hard. 125 00:06:18,961 --> 00:06:22,064 It was too small to make enough money to be to make a 126 00:06:22,125 --> 00:06:26,728 difference, and it was too big to not have all the things you 127 00:06:26,788 --> 00:06:26,949 need. 128 00:06:26,949 --> 00:06:29,031 As a warehouse man, I mean, if it was just me in the warehouse, 129 00:06:29,031 --> 00:06:31,072 I probably would have waived workers comp, but it wasn't just 130 00:06:31,072 --> 00:06:32,252 me, it was a whole bunch of people. 131 00:06:32,252 --> 00:06:38,257 So you know crazy things like $40,000 insurance bills and 132 00:06:38,879 --> 00:06:43,086 $60,000 electric bills to heat the place, and so these things 133 00:06:43,125 --> 00:06:47,041 got out of hand really quickly and finally, a few years after 134 00:06:47,062 --> 00:06:51,391 that, I had gone to my dad and I said, dad, this is not why I'm 135 00:06:51,451 --> 00:06:54,168 killing myself, I'm working 20 hours a day and we're not 136 00:06:54,254 --> 00:06:54,961 getting anywhere. 137 00:06:54,961 --> 00:06:56,254 He says, well, what's working? 138 00:06:56,254 --> 00:06:57,654 Telling myself I'm working 20 hours a day and we're not 139 00:06:57,675 --> 00:06:58,014 getting anywhere. 140 00:06:58,014 --> 00:06:59,076 He says, well, what's working? 141 00:06:59,076 --> 00:07:00,076 And I said, well, here's the weird thing. 142 00:07:00,076 --> 00:07:02,543 We got a couple of customers in the warehouse who keep asking 143 00:07:02,622 --> 00:07:06,076 us for how to, how to get these shipments to where they have to 144 00:07:06,117 --> 00:07:08,685 go, and I just keep giving them to my friends at the LTL 145 00:07:08,725 --> 00:07:11,992 companies and bumping up the price a little bit and making a 146 00:07:12,040 --> 00:07:13,281 little money on broker in this freight. 147 00:07:13,281 --> 00:07:13,541 He goes. 148 00:07:13,541 --> 00:07:14,584 So why don't we broker freight? 149 00:07:14,584 --> 00:07:16,586 I said, okay. 150 00:07:16,586 --> 00:07:19,850 So we started really getting active in the broker world and 151 00:07:20,132 --> 00:07:22,776 um in 2010,. 152 00:07:22,776 --> 00:07:26,869 We closed the warehouse and just went full into brokering. 153 00:07:27,350 --> 00:07:29,923 I tell people the story all the time I was, I was laying under a 154 00:07:29,923 --> 00:07:33,130 truck our last winter owning trucks, I was laying under a 155 00:07:33,170 --> 00:07:36,348 truck and I had a torch in one hand and a sledgehammer in the 156 00:07:36,428 --> 00:07:38,706 other and I was pounding the brakes trying to get him to free 157 00:07:38,706 --> 00:07:38,867 up. 158 00:07:38,867 --> 00:07:41,283 It's a January night, like three o'clock in the morning, 159 00:07:42,766 --> 00:07:44,509 and the driver's in the truck. 160 00:07:44,509 --> 00:07:47,624 He gets down out of the truck and God rest his soul. 161 00:07:47,624 --> 00:07:48,906 Joe Tripp was. 162 00:07:48,906 --> 00:07:51,742 He became a very good friend of mine, but he had a great truck 163 00:07:51,762 --> 00:07:52,403 driver attitude. 164 00:07:52,403 --> 00:07:56,012 And he comes down out of the truck and he goes hey, what are 165 00:07:56,031 --> 00:07:56,512 you doing? 166 00:07:56,512 --> 00:07:57,641 Like this. 167 00:07:57,641 --> 00:08:02,151 And I'm under the wheels and I look up through between the rear 168 00:08:02,151 --> 00:08:04,362 tandems and I go what does it look like I'm doing? 169 00:08:04,362 --> 00:08:06,449 He goes well, I'm freezing, I'm getting back in the truck. 170 00:08:06,449 --> 00:08:09,663 I said that's it and that was it. 171 00:08:09,663 --> 00:08:12,709 I said that I'm done, I don't care if it's working or not, 172 00:08:12,809 --> 00:08:13,769 this part is over. 173 00:08:14,350 --> 00:08:18,684 And so I really worked hard, hard, hard to uh, to start 174 00:08:18,704 --> 00:08:20,634 brokering a lot of freight, and what I realized is we didn't 175 00:08:20,675 --> 00:08:26,771 have the tools, we didn't have the, the uh, the um financial uh 176 00:08:26,771 --> 00:08:30,800 ability that it takes to pay these carriers in 15 or 20 days 177 00:08:30,841 --> 00:08:33,685 and wait 30 or 40 for the for the customers to pay us. 178 00:08:33,685 --> 00:08:35,389 And so I said, you know what? 179 00:08:35,389 --> 00:08:37,894 I'm going to find a big brokerage to help me out here. 180 00:08:37,894 --> 00:08:42,350 And so I went to work for a guy who owned an Echo Global 181 00:08:42,991 --> 00:08:43,492 brokerage. 182 00:08:43,492 --> 00:08:48,848 It was a great lesson I mean a fantastic lesson on how not to 183 00:08:48,889 --> 00:08:49,411 do your work. 184 00:08:51,584 --> 00:08:53,850 This guy this guy, nate, it gets great. 185 00:08:53,850 --> 00:08:58,803 This guy started a second company in a different name and 186 00:08:58,824 --> 00:09:03,087 he made him a customer of his Echo agency and then he was 187 00:09:03,288 --> 00:09:08,032 billing his customer who was him , and then rebilling all the 188 00:09:09,374 --> 00:09:10,875 clients for a higher price. 189 00:09:10,875 --> 00:09:13,336 So he was basically stealing margin off of the revenue split. 190 00:09:13,600 --> 00:09:15,383 Speaker 1: Double brokering, but in disguise. 191 00:09:15,624 --> 00:09:19,171 Speaker 2: He completely, completely violated the 192 00:09:19,211 --> 00:09:22,241 agreement, and when they figured it out, he was out of business 193 00:09:23,544 --> 00:09:26,673 and it left me and my customers with I don't know what to do. 194 00:09:26,673 --> 00:09:32,130 And so I had been working on going solo and I had our 195 00:09:32,150 --> 00:09:33,312 authority and I was really. 196 00:09:33,312 --> 00:09:35,744 I was in a position where I really didn't need them anymore 197 00:09:35,884 --> 00:09:36,284 anyway. 198 00:09:36,284 --> 00:09:39,230 So one of the girls in the office looked at me and said, 199 00:09:40,312 --> 00:09:41,594 why don't we just do this on our own? 200 00:09:41,594 --> 00:09:43,346 And I said okay, let's go. 201 00:09:43,500 --> 00:09:46,129 So Angela and I sat in my basement for about a year with 202 00:09:46,350 --> 00:09:50,440 two laptops, two desks facing each other and cell phones, and 203 00:09:50,480 --> 00:09:53,462 we just, we just worked our butts off to get this thing 204 00:09:53,482 --> 00:09:53,903 going. 205 00:09:53,903 --> 00:10:00,850 We went from $200,000 or $300,000 the first year and 206 00:10:00,931 --> 00:10:06,636 barely making enough to survive to really ramping it up. 207 00:10:06,636 --> 00:10:12,191 Angela was here at Finiche until about a year and a half 208 00:10:12,270 --> 00:10:13,394 ago or two years ago. 209 00:10:13,394 --> 00:10:21,261 At that point we were around $8 million, $9 million brokerage. 210 00:10:21,261 --> 00:10:29,514 You were talking earlier about how the economy is hurting some 211 00:10:29,554 --> 00:10:34,229 people and my foot's on the throttle and my sons work here 212 00:10:34,269 --> 00:10:34,389 now. 213 00:10:34,389 --> 00:10:36,481 My sons are fourth generation in the logistics business and 214 00:10:36,501 --> 00:10:37,586 their foot's on the throttle too my sons work here now. 215 00:10:37,606 --> 00:10:38,812 My sons are fourth generation in the logistics business and 216 00:10:38,832 --> 00:10:39,998 they're here now and their foot's on the throttle too, and 217 00:10:40,018 --> 00:10:42,504 so we're bringing in new agents and we're talking to new 218 00:10:42,566 --> 00:10:45,152 customers and we're really doubling down on everything we 219 00:10:45,200 --> 00:10:45,581 do. 220 00:10:45,581 --> 00:10:48,047 We're probably going to be close to 15 million this year, 221 00:10:48,086 --> 00:10:51,361 which is, you know, it's tiny in the brokerage world, but our 222 00:10:51,422 --> 00:10:55,708 growth is, you know, in double digit growth at a time when most 223 00:10:55,708 --> 00:11:01,923 people are struggling to stay at least even and worse, the 224 00:11:02,245 --> 00:11:05,490 truckload rates are just down so much. 225 00:11:05,490 --> 00:11:06,854 Over the last four or five years. 226 00:11:06,854 --> 00:11:10,323 You know, the COVID level was an aberration and it was just 227 00:11:10,423 --> 00:11:13,609 something that happened once in a lifetime moment where these 228 00:11:13,668 --> 00:11:18,461 rates were super sky high, but people who went out and and got 229 00:11:19,163 --> 00:11:24,493 two and a half or 3% money based on 60% margins that's not. 230 00:11:24,712 --> 00:11:25,354 That's not where we are. 231 00:11:25,354 --> 00:11:27,986 We have no money from anybody the, you know we're entirely 232 00:11:28,027 --> 00:11:28,567 bootstrapped. 233 00:11:28,567 --> 00:11:30,231 We have no loans. 234 00:11:30,231 --> 00:11:32,044 We have no equity sold off. 235 00:11:32,044 --> 00:11:32,505 We have. 236 00:11:32,505 --> 00:11:33,447 We don't factor. 237 00:11:33,447 --> 00:11:37,779 And so, you know, everything we do has to be slow and steady 238 00:11:37,980 --> 00:11:39,182 and it has to be right. 239 00:11:39,182 --> 00:11:42,812 Every customer has to be a good fit, every agent has to be a 240 00:11:42,851 --> 00:11:45,924 good fit, and so we work really, really hard to make sure that 241 00:11:45,965 --> 00:11:52,023 everything we do has you know, like a, that we're working with 242 00:11:52,062 --> 00:11:54,590 quality individuals who care about the company, who care 243 00:11:54,629 --> 00:11:56,053 about the industry, care about the drivers, care about the 244 00:11:56,095 --> 00:11:57,724 drivers, care about the customers. 245 00:11:57,724 --> 00:12:01,660 It's it's really important that , like I said, we're on our 246 00:12:01,701 --> 00:12:02,484 fourth generation. 247 00:12:03,607 --> 00:12:05,924 Speaker 1: And you don't, you don't get there through four 248 00:12:05,965 --> 00:12:08,419 generations without some disappointments and some 249 00:12:08,440 --> 00:12:11,307 failures and lessons learned along the way, we've had them 250 00:12:11,346 --> 00:12:11,466 all. 251 00:12:13,272 --> 00:12:16,147 And but that's, I think, where the greatest learning 252 00:12:16,187 --> 00:12:19,979 opportunities come from is is failure. 253 00:12:19,979 --> 00:12:22,645 I saw someone explained it this way. 254 00:12:22,645 --> 00:12:25,091 They said you know it's great to get the book learning, that's 255 00:12:25,091 --> 00:12:28,407 the theory, but then you get more learning when you're able 256 00:12:28,447 --> 00:12:32,081 to apply the theory in practice and you have a management degree 257 00:12:32,081 --> 00:12:37,197 and then you get to practice being a manager and you learn 258 00:12:37,236 --> 00:12:37,456 more. 259 00:12:37,456 --> 00:12:40,366 But your greatest learnings actually come from the failures, 260 00:12:40,366 --> 00:12:44,880 and then you learn what not to do and how that shapes your next 261 00:12:44,880 --> 00:12:51,690 phase of leadership or entrepreneurship. 262 00:12:51,690 --> 00:12:57,400 So when you look back at what your the difficult decision to 263 00:12:57,441 --> 00:12:59,722 shut down a trucking company, for example, or to shut down 264 00:13:00,943 --> 00:13:04,667 assets, whether it's a warehouse or otherwise, and fundamentally 265 00:13:04,667 --> 00:13:09,470 shift what my conversation with them would be, if we're 266 00:13:19,519 --> 00:13:22,768 recording this and with them in 25 years and they'll say here's 267 00:13:22,849 --> 00:13:27,626 what my dad did right and here's the big mistake that I learned 268 00:13:27,667 --> 00:13:27,868 from. 269 00:13:27,868 --> 00:13:28,951 That I'm not going to repeat. 270 00:13:29,240 --> 00:13:36,447 Speaker 2: Yeah, I hope and I pray every day that they absorb 271 00:13:36,828 --> 00:13:40,613 some of my negative experiences and understand how I got to 272 00:13:40,653 --> 00:13:42,934 those negative and how my dad and my uncle got to their 273 00:13:42,995 --> 00:13:47,424 negative experiences, because it doesn't always listen. 274 00:13:47,424 --> 00:13:49,308 You're going to fail and you're going to have problems and 275 00:13:49,328 --> 00:13:52,094 you're going to have ways to overcome them. 276 00:13:52,094 --> 00:13:56,431 I think what makes a good entrepreneur or in our business 277 00:13:56,451 --> 00:13:58,585 we call them co-preneurs right, our agents are co-preneurs. 278 00:13:58,585 --> 00:14:00,780 They're in business for themselves but not by themselves 279 00:14:00,780 --> 00:14:00,780 . 280 00:14:00,780 --> 00:14:04,788 But what makes a good entrepreneur is someone who can 281 00:14:04,850 --> 00:14:08,043 overcome that resistance or overcome those objections or 282 00:14:08,163 --> 00:14:11,171 overcome those issues and find new ways and be creative. 283 00:14:11,171 --> 00:14:15,264 I mean, you know, jobs and Wozniak invented a computer in 284 00:14:15,325 --> 00:14:19,692 Wozniak's garage because they just had a feeling they had 285 00:14:19,753 --> 00:14:22,426 something good and they were out and they tried something 286 00:14:22,466 --> 00:14:26,750 different and they staked their entire lives on this one trial 287 00:14:27,059 --> 00:14:28,065 and I mean, look what Apple did. 288 00:14:28,821 --> 00:14:31,384 Speaker 1: I mean it's insane. 289 00:14:31,384 --> 00:14:36,533 One of the questions that I've been asked and have been asking 290 00:14:37,173 --> 00:15:12,430 other entrepreneurs is when do you know it's the right time to 291 00:15:12,490 --> 00:15:12,831 quit? 292 00:15:14,821 --> 00:15:15,886 Speaker 2: No, idea Never have. 293 00:15:17,381 --> 00:15:21,111 Speaker 1: So you're all throttle all the time, no matter 294 00:15:21,111 --> 00:15:21,352 what. 295 00:15:22,500 --> 00:15:23,163 Speaker 2: Yeah, I think breaks. 296 00:15:23,163 --> 00:15:23,886 Just slow you down. 297 00:15:25,540 --> 00:15:27,261 Speaker 1: And I asked that because there's a handful of 298 00:15:27,321 --> 00:15:30,183 folks that I've chatted with in the last couple of months. 299 00:15:30,183 --> 00:15:33,445 I said, hey, I've been working on this idea Maybe it's a tech 300 00:15:33,505 --> 00:15:36,888 product, maybe it's a service for the industry and I've not 301 00:15:36,928 --> 00:15:38,008 been able to get traction. 302 00:15:38,008 --> 00:15:41,711 And now expenses are getting higher than revenue and we have 303 00:15:41,831 --> 00:15:43,972 one side that says it's all throttle all the time and 304 00:15:44,032 --> 00:15:46,414 there's another side that says maybe it's time to pivot or try 305 00:15:46,454 --> 00:15:49,536 something different, and letting go is tough. 306 00:15:49,536 --> 00:15:54,265 So, if we can go back to the conversation with your dad and 307 00:15:54,285 --> 00:15:58,300 your uncle of, hey, it's time to quit this side of the business, 308 00:15:58,300 --> 00:16:03,811 do you remember that tension between all throttle and hey, 309 00:16:03,831 --> 00:16:05,622 maybe this isn't the right thing , because somehow you have to 310 00:16:05,558 --> 00:16:06,249 resolve that tension. 311 00:16:06,249 --> 00:16:06,460 See, I think that is all throttle and hey, maybe this 312 00:16:06,395 --> 00:16:07,289 isn't the right thing because somehow you have to resolve that 313 00:16:07,289 --> 00:16:07,365 tension. 314 00:16:08,720 --> 00:16:10,708 Speaker 2: See, I think that is all throttle. 315 00:16:10,708 --> 00:16:15,723 I think that is all throttle, I think, when you're looking at 316 00:16:15,743 --> 00:16:16,947 your business and you're looking at what you're doing. 317 00:16:16,947 --> 00:16:19,175 For example, I'm looking at 150,000, 200,000 square feet of 318 00:16:19,195 --> 00:16:20,700 warehouse space and 40% of it is empty. 319 00:16:20,700 --> 00:16:24,735 We had a very, very large customer, like a Fortune 500, 320 00:16:24,755 --> 00:16:37,021 that my grandfather started doing business with, and they 321 00:16:37,041 --> 00:16:38,444 moved their logistics, um admin to this company who was going to 322 00:16:38,444 --> 00:16:40,108 just be the admin for all of their operations at all their 323 00:16:40,168 --> 00:16:40,368 warehouses. 324 00:16:40,388 --> 00:16:43,062 And um, the guy's name was Carl and he came to my office one day 325 00:16:43,062 --> 00:16:44,928 and he says, vin, I got news for you. 326 00:16:44,928 --> 00:16:46,621 He says we're going to be moving out of your warehouse. 327 00:16:46,621 --> 00:16:48,887 I'm like, whoa, we've been doing this for 30 years. 328 00:16:48,887 --> 00:16:51,092 And he goes yeah, he goes. 329 00:16:51,092 --> 00:16:52,804 Oh, I'm sorry, we've been building a warehouse in 330 00:16:52,824 --> 00:16:54,490 Bethlehem, pennsylvania, so we're going to move out. 331 00:16:54,490 --> 00:16:56,347 I go oh well, when did you start building it? 332 00:16:56,347 --> 00:17:09,789 He goes well, that's what I want to talk. 333 00:17:09,789 --> 00:17:11,135 You have 100,000 square feet of space. 334 00:17:11,135 --> 00:17:13,800 I just signed a five-year lease for you, based on the fact that 335 00:17:13,800 --> 00:17:15,884 we did business for 30 years with my family, and you're going 336 00:17:15,884 --> 00:17:17,166 to come in and tell me I have 30 days. 337 00:17:17,166 --> 00:17:17,508 That's not cool. 338 00:17:17,528 --> 00:17:22,061 And so I'm looking at 40% of our space is empty and I'm thinking 339 00:17:22,061 --> 00:17:23,903 we have to pivot. 340 00:17:23,903 --> 00:17:28,671 We either have to sell this space or sublet the space or 341 00:17:29,732 --> 00:17:34,945 void the lease or, I don't know, do something else. 342 00:17:34,945 --> 00:17:39,073 And so we did something else. 343 00:17:39,073 --> 00:17:40,300 We did a number of things actually. 344 00:17:40,300 --> 00:17:43,487 I unfortunately at that point had to. 345 00:17:43,487 --> 00:17:46,434 We filed a chapter 13 to void the lease. 346 00:17:46,434 --> 00:17:49,876 At that point, we filed a Chapter 13 to void the lease. 347 00:17:49,876 --> 00:17:51,361 We moved out of one of the buildings. 348 00:17:51,361 --> 00:17:56,664 Everybody got paid except the landlord lost his tenant, which 349 00:17:56,724 --> 00:17:58,567 was not cool, but it is what it is. 350 00:17:58,567 --> 00:18:02,450 It's an ugly fact in business, and if that doesn't make I was 351 00:18:02,470 --> 00:18:04,992 going to say give you gray hairs , but if that't make them, fall 352 00:18:05,012 --> 00:18:05,072 out. 353 00:18:05,092 --> 00:18:06,432 Speaker 1: I don't have any hair left. 354 00:18:07,153 --> 00:18:07,754 Speaker 2: Nothing does. 355 00:18:07,754 --> 00:18:17,680 But you know, we learned a lot from that moment and, yes, there 356 00:18:17,680 --> 00:18:17,941 was a pivot. 357 00:18:17,941 --> 00:18:18,822 But I don't look at that as a failure. 358 00:18:18,822 --> 00:18:21,947 I look at that as an opportunity to do something 359 00:18:22,107 --> 00:18:26,014 either a little different, or to maybe not get into that 360 00:18:26,054 --> 00:18:26,934 situation in the future. 361 00:18:26,934 --> 00:18:29,926 Maybe next time you don't trust the fortune 500 company to just 362 00:18:29,926 --> 00:18:32,032 be there, maybe you get something in writing. 363 00:18:32,032 --> 00:18:36,625 And so you know, um, we, we. 364 00:18:36,625 --> 00:18:41,555 At that point we brought in a couple of new customers who 365 00:18:42,101 --> 00:18:44,547 didn't use as much space but they needed peer support. 366 00:18:44,547 --> 00:18:47,481 So we leased a bunch of trucks and started running down to, 367 00:18:48,423 --> 00:18:50,609 running down to uh, to the terminals in New York and New 368 00:18:50,629 --> 00:18:52,192 Jersey and bringing containers back up. 369 00:18:52,192 --> 00:18:57,248 And you know, we did okay with it, but it was never really 370 00:18:57,588 --> 00:18:59,894 where I wanted to be. 371 00:18:59,894 --> 00:19:01,446 It wasn't the space I wanted to be in. 372 00:19:01,446 --> 00:19:02,903 So I was always looking for the next thing. 373 00:19:02,903 --> 00:19:03,745 We're survivors. 374 00:19:04,487 --> 00:19:06,191 Speaker 1: Yeah, entrepreneurs, I'm picking up on that. 375 00:19:06,532 --> 00:19:12,622 Speaker 2: Yeah, entrepreneurs we're just. 376 00:19:12,622 --> 00:19:13,385 I think we're just survivors. 377 00:19:13,385 --> 00:19:14,390 I look at myself as like a serial entrepreneur. 378 00:19:14,390 --> 00:19:16,037 I just keep trying new things until something sticks, and this 379 00:19:16,037 --> 00:19:17,260 thing we're doing now at Fenice . 380 00:19:17,260 --> 00:19:21,111 It's sticking pretty good and I don't have any plans to pivot 381 00:19:21,151 --> 00:19:21,592 off of this. 382 00:19:21,592 --> 00:19:25,768 But, god forbid, the market tanks or something goes really 383 00:19:25,807 --> 00:19:28,692 bad our market, because obviously the market in general 384 00:19:28,732 --> 00:19:29,134 did tank. 385 00:19:29,134 --> 00:19:34,409 But when our world falls apart, or if it does, I'm sure 386 00:19:34,449 --> 00:19:37,574 there'll be something else that we're going to be able to pivot 387 00:19:37,594 --> 00:19:43,949 to and we're diversified in the kind of work we're doing at this 388 00:19:43,949 --> 00:19:44,309 point. 389 00:19:44,309 --> 00:19:47,975 So I don't see anything other than what we're doing now, 390 00:19:49,142 --> 00:19:51,169 possibly with some refinements that would. 391 00:19:51,169 --> 00:19:53,945 That would change things, should there be a drastic change 392 00:19:53,945 --> 00:19:53,945 . 393 00:19:53,945 --> 00:19:57,086 But look Q2, they just refined the numbers right. 394 00:19:57,086 --> 00:19:59,509 Their economy was up 3.3%. 395 00:19:59,509 --> 00:20:01,203 Hiring is. 396 00:20:01,203 --> 00:20:02,307 I mean it looks like. 397 00:20:02,307 --> 00:20:04,668 It looks like interest rates are going to come down. 398 00:20:04,668 --> 00:20:06,688 I think there's a very bright future. 399 00:20:06,688 --> 00:20:08,042 I it looks like interest rates are going to come down. 400 00:20:08,042 --> 00:20:08,426 I think there's a very bright future. 401 00:20:08,352 --> 00:20:09,240 Speaker 1: I think there's a very, very bright future and if 402 00:20:09,280 --> 00:20:11,303 you didn't believe that you shouldn't, or don't believe that 403 00:20:11,303 --> 00:20:15,506 you shouldn't be an entrepreneur, because if you 404 00:20:15,566 --> 00:20:19,741 can't wake up and see the glass half full every single day, you 405 00:20:19,802 --> 00:20:22,863 probably shouldn't be owning a company, because you're going to 406 00:20:22,863 --> 00:20:27,225 need that just to get through coffee on Tuesday morning in any 407 00:20:27,225 --> 00:20:31,548 given week you were talking about earlier not taking on any 408 00:20:31,628 --> 00:20:35,786 debt, not giving up any equity and bootstrapping the whole 409 00:20:35,826 --> 00:20:36,027 thing. 410 00:20:36,027 --> 00:20:39,420 I have always thought of our show as kind of like the dirty 411 00:20:39,559 --> 00:20:42,267 jobs show of the logistics industry, like we want to 412 00:20:42,307 --> 00:20:46,434 celebrate the people that are doing the hard work without a 413 00:20:46,476 --> 00:20:47,100 lot of attention. 414 00:20:47,100 --> 00:20:51,671 I admire that approach, obviously, and named the show 415 00:20:51,770 --> 00:20:55,269 after it, but it comes with limitations. 416 00:20:55,961 --> 00:20:57,206 And you said growth. 417 00:20:57,206 --> 00:21:03,025 So for someone who's got stars in their eyes about starting a 418 00:21:03,065 --> 00:21:06,067 freight brokerage and becoming a $100 million business, for 419 00:21:06,107 --> 00:21:11,498 example, what are the trade-offs and the tough choices you have 420 00:21:11,518 --> 00:21:14,484 to make about growing steadily versus quickly? 421 00:21:17,871 --> 00:21:20,577 Speaker 2: So we've looked at different ways to grow this much 422 00:21:20,577 --> 00:21:26,859 faster than we've grown it, and all of it comes with loss of 423 00:21:26,979 --> 00:21:34,057 control one way or the other, and for me it's always been 424 00:21:34,096 --> 00:21:35,462 about doing it the way I want to do it. 425 00:21:35,462 --> 00:21:40,657 It's always been about being a tech first broker with a human 426 00:21:40,698 --> 00:21:41,159 connection. 427 00:21:41,159 --> 00:21:44,231 I always want my agents to talk to my customers, but to 428 00:21:44,312 --> 00:21:49,221 leverage a huge tech stack that we have to make their jobs so 429 00:21:49,261 --> 00:21:51,995 much easier that they could deal with more customers, right, and 430 00:21:51,995 --> 00:21:57,667 so I feel like the money that we could be spending on interest 431 00:21:57,667 --> 00:22:02,037 payments or sharing profits with an investor or whatever, we 432 00:22:02,037 --> 00:22:07,509 could put into tech, we could put into agent opportunities, we 433 00:22:07,509 --> 00:22:10,217 could put into different things that make people's lives better 434 00:22:10,217 --> 00:22:10,217 . 435 00:22:10,217 --> 00:22:13,313 Who work here that I have direct contact with. 436 00:22:13,313 --> 00:22:15,860 We don't have a broker here that I don't have a relationship 437 00:22:15,860 --> 00:22:16,020 with. 438 00:22:16,020 --> 00:22:20,018 Every single person who works here I know they know my kids. 439 00:22:20,018 --> 00:22:21,400 Uh, we have a. 440 00:22:21,400 --> 00:22:24,092 We have a manager of agent development. 441 00:22:24,092 --> 00:22:24,813 Her name is leslie. 442 00:22:24,813 --> 00:22:29,003 She's amazing, um, and and they , you know they talk to her 443 00:22:29,063 --> 00:22:32,573 first, but before we bring them in, they talk to me too. 444 00:22:37,597 --> 00:22:39,900 What's the pitfalls to starting a new brokerage and getting to 445 00:22:39,920 --> 00:22:40,541 100 million? 446 00:22:40,541 --> 00:22:45,526 There's 10 million pitfalls and any of them could hurt you 447 00:22:46,166 --> 00:22:46,987 really really badly. 448 00:22:46,987 --> 00:22:55,552 But the worst thing you could do, I think, is to give up the 449 00:22:55,572 --> 00:22:57,414 small profit margins that you actually end up with and 450 00:22:57,434 --> 00:23:02,722 sacrifice those to a factor, for example, and have to lose 451 00:23:02,942 --> 00:23:06,212 either your ability to have those relationships with your 452 00:23:06,273 --> 00:23:15,457 people or, again, it's loss of control more than anything else, 453 00:23:15,457 --> 00:23:16,520 it's loss of control. 454 00:23:17,391 --> 00:23:18,634 I don't want someone telling me what to do. 455 00:23:18,634 --> 00:23:19,236 I've had enough. 456 00:23:19,236 --> 00:23:20,259 I'm 58 years old. 457 00:23:20,259 --> 00:23:21,121 I've been doing this a long time. 458 00:23:21,121 --> 00:23:25,116 I don't need anybody to tell me what to do. 459 00:23:25,116 --> 00:23:25,739 I know how to do it. 460 00:23:25,739 --> 00:23:28,053 My grandfather did it, my father did it, my kids are doing 461 00:23:28,053 --> 00:23:28,898 it. 462 00:23:30,211 --> 00:23:32,534 Speaker 1: I noticed a trend, by the way, when you're describing 463 00:23:32,534 --> 00:23:37,591 somebody um favorably, you use their name. 464 00:23:37,591 --> 00:23:41,439 When you described someone that you didn't maybe not quite so 465 00:23:41,499 --> 00:23:46,805 favorable, it was this guy, um I don't want to say you're not 466 00:23:46,825 --> 00:23:53,419 going to name somebody but you, you are such a family first guy 467 00:23:54,581 --> 00:23:57,211 and yet there are all these realities of business and 468 00:23:57,250 --> 00:23:58,836 sometimes you have to make really tough choices. 469 00:23:58,836 --> 00:24:03,257 So how have you, or how would you describe your overall 470 00:24:03,297 --> 00:24:06,463 philosophy of leadership at this point in your journey? 471 00:24:09,875 --> 00:24:13,440 Speaker 2: um, I'm a god. 472 00:24:13,440 --> 00:24:16,265 I sound like a 17 year old at an interview at mcdonald's or 473 00:24:16,305 --> 00:24:17,711 something right, but I'm a people person. 474 00:24:17,711 --> 00:24:20,116 I am a people person. 475 00:24:20,116 --> 00:24:21,721 I love meeting new people. 476 00:24:21,721 --> 00:24:22,783 I love talking to people. 477 00:24:22,783 --> 00:24:24,052 I love getting to know people. 478 00:24:24,052 --> 00:24:30,701 We have we have, um, such a great team and I know every 479 00:24:30,740 --> 00:24:33,423 single person here and I care about people. 480 00:24:33,505 --> 00:24:38,379 So it's not like you know, it's not like I'm sitting here going 481 00:24:38,439 --> 00:24:39,240 growth, growth, growth. 482 00:24:39,240 --> 00:24:40,530 I'm not standing over anybody. 483 00:24:40,530 --> 00:24:42,938 I'm not telling anybody what to do and when to do it. 484 00:24:42,938 --> 00:24:47,636 For the most part, I mean, we have some staff people who are 485 00:24:48,118 --> 00:24:51,152 in task oriented jobs where you have to sort of give them a list 486 00:24:51,152 --> 00:24:51,251 of. 487 00:24:51,251 --> 00:24:52,154 This is what I expect. 488 00:24:52,154 --> 00:25:03,015 But we don't have anybody here who punches a clock. 489 00:25:03,015 --> 00:25:06,661 We don't have anybody here who is on like a piece work kind of 490 00:25:06,721 --> 00:25:06,901 thing. 491 00:25:06,901 --> 00:25:08,825 I guess I don't really know how to describe it. 492 00:25:08,884 --> 00:25:11,755 But basically, I like to give people a job and tell them this 493 00:25:11,835 --> 00:25:13,719 is what I expect you to do. 494 00:25:13,719 --> 00:25:16,324 I don't care how you do it, I don't care when you do it. 495 00:25:16,324 --> 00:25:18,034 I don't care where you're sitting when you do it. 496 00:25:18,034 --> 00:25:21,230 If you want to take your laptop and go to the Caribbean and sit 497 00:25:21,230 --> 00:25:23,613 on a beach in St Thomas. 498 00:25:23,613 --> 00:25:28,860 I don't care, I hope you can and I hope you do, because I 499 00:25:28,900 --> 00:25:30,341 know when I can, I do. 500 00:25:31,042 --> 00:25:38,451 And so I feel like the job for me is to empower people to be 501 00:25:38,552 --> 00:25:43,601 their best and to allow the entrepreneurial spirit to flow 502 00:25:43,661 --> 00:25:44,001 through. 503 00:25:44,001 --> 00:25:46,493 And again, that's why we call our agents co-preneurs, right, 504 00:25:46,974 --> 00:25:47,976 we want them to go. 505 00:25:47,976 --> 00:25:51,711 Hey, I could work for three hours a day and make enough to 506 00:25:51,731 --> 00:25:52,153 get by. 507 00:25:52,153 --> 00:25:55,181 Or I could work for five hours a day and put my kid through 508 00:25:55,221 --> 00:25:59,901 college, or I could work for 10 hours a day and whatever. 509 00:25:59,901 --> 00:26:00,402 You know what I mean. 510 00:26:00,402 --> 00:26:05,239 And so I feel like if we empower people to do really good 511 00:26:05,239 --> 00:26:08,205 things and just do them in our pipeline, then we all benefit. 512 00:26:08,205 --> 00:26:11,032 And so is that a leadership style? 513 00:26:11,032 --> 00:26:12,894 I don't know, maybe it is, I don't know benefit, and so is 514 00:26:12,914 --> 00:26:13,496 that a leadership style. 515 00:26:13,516 --> 00:26:14,298 Speaker 1: I don't know, maybe it is, I don't know. 516 00:26:14,298 --> 00:26:16,842 I think there's elements of just who you are that naturally 517 00:26:16,942 --> 00:26:18,224 lend itself to that. 518 00:26:18,224 --> 00:26:25,292 I don't want to be, and that's what I picked up when we first 519 00:26:25,312 --> 00:26:25,511 met too. 520 00:26:25,511 --> 00:26:27,154 Was I just I want to have a beer with you, I want to have a 521 00:26:27,174 --> 00:26:27,595 coffee with you. 522 00:26:27,595 --> 00:26:29,017 I just want to sit around and chop it up and talk about 523 00:26:29,138 --> 00:26:33,124 anything that comes to mind, because I can clearly tell that 524 00:26:33,144 --> 00:26:34,085 you're a people person. 525 00:26:34,085 --> 00:26:38,177 If you weren't doing what you're doing now, what would you 526 00:26:38,177 --> 00:26:38,597 have done? 527 00:26:41,663 --> 00:26:45,479 Speaker 2: No idea, I told you in the beginning I sold copy 528 00:26:45,499 --> 00:26:45,920 machines. 529 00:26:45,920 --> 00:26:50,612 I hated every moment of my life , what that sounds like so much 530 00:26:50,672 --> 00:26:50,951 fun. 531 00:26:51,773 --> 00:26:52,413 Here's what it was. 532 00:26:52,413 --> 00:26:57,301 I walk in the door, there's 80 or 90 sales reps in this 533 00:26:57,341 --> 00:27:06,850 building and my boss was a guy named Bruce Manley who said to 534 00:27:06,870 --> 00:27:07,852 me Vin, we've got a new product for you to sell. 535 00:27:07,852 --> 00:27:09,133 You're going to be in the typewriter division, but we've 536 00:27:09,153 --> 00:27:10,154 got a new product and it's going to be a hit. 537 00:27:10,154 --> 00:27:12,417 When you see these things, they're called fax machines. 538 00:27:12,417 --> 00:27:15,882 Okay, here's what I had to do. 539 00:27:15,882 --> 00:27:19,326 I had to take two fax machines and these were big. 540 00:27:19,326 --> 00:27:22,052 These were 30 pound machines at the time. 541 00:27:22,052 --> 00:27:23,496 I had to take two of them and put them in my car and this 542 00:27:23,536 --> 00:27:26,009 little black box that you put in between them, and you would 543 00:27:26,029 --> 00:27:28,232 have to prove to people that you could stick the paper on one 544 00:27:28,294 --> 00:27:31,378 side and have it come out the other, and so you'd bring log 545 00:27:31,398 --> 00:27:33,801 these two machines for demos into people's conference rooms. 546 00:27:34,102 --> 00:27:35,864 You'd set up two machines and you put. 547 00:27:35,864 --> 00:27:37,090 People didn't believe that you could. 548 00:27:37,090 --> 00:27:42,260 You could transmit paper, and so maybe that was the tech thing 549 00:27:42,260 --> 00:27:46,034 that made me realize that I don't know, it probably wasn't. 550 00:27:46,034 --> 00:27:49,652 My first computer was a TRS 80 model, one level one with 4k of 551 00:27:49,731 --> 00:27:53,061 Ram, so I I think, um, so I think I was into tech in the 552 00:27:53,101 --> 00:27:55,410 beginning and maybe that's why they threw me into the fact side 553 00:27:55,410 --> 00:27:55,410 . 554 00:27:56,693 --> 00:28:02,736 But that company had two black and white copier reps in three 555 00:28:02,776 --> 00:28:05,557 little towns in Connecticut New Haven, west Haven and Hamden. 556 00:28:05,557 --> 00:28:08,551 They had one who did the odd side of the street and one who 557 00:28:08,571 --> 00:28:10,218 did the even numbered places. 558 00:28:10,218 --> 00:28:13,334 Then they had two fax and typewriter reps in the same area 559 00:28:13,334 --> 00:28:14,136 and a color rep. 560 00:28:14,136 --> 00:28:16,378 We had five reps in three towns . 561 00:28:16,378 --> 00:28:21,882 Total population in those three towns is probably 200,000 562 00:28:21,922 --> 00:28:25,018 people, so it's not like there was any room to really do the 563 00:28:25,078 --> 00:28:25,259 work. 564 00:28:25,259 --> 00:28:30,411 And so what I hated was I hated knocking on doors, I hated 565 00:28:32,056 --> 00:28:36,493 being just another copier rep walking in the door and I found 566 00:28:36,513 --> 00:28:38,880 it difficult to differentiate myself in that. 567 00:28:38,880 --> 00:28:41,097 So I know I wouldn't be selling copiers. 568 00:28:41,891 --> 00:28:44,620 I really enjoyed the plumbing place that I worked at. 569 00:28:44,620 --> 00:28:45,895 We had a great time. 570 00:28:45,895 --> 00:28:49,289 I learned so much about a trade I knew nothing about. 571 00:28:49,289 --> 00:28:53,280 I forged some friendships that I still have today, 30 years 572 00:28:53,361 --> 00:28:53,602 later. 573 00:28:53,602 --> 00:28:58,181 So that probably would have been somewhere where I ended up. 574 00:28:58,181 --> 00:29:03,301 But I think the logistics space is sort of baked into my family 575 00:29:03,301 --> 00:29:03,301 . 576 00:29:03,301 --> 00:29:04,423 I really do. 577 00:29:04,423 --> 00:29:11,041 My grandparents my grandfather on my dad's side, who died very 578 00:29:11,101 --> 00:29:14,988 young his family was into transportation they all had some 579 00:29:14,988 --> 00:29:16,270 version of it. 580 00:29:16,270 --> 00:29:20,461 On the other side, my mother's mother, who was a daughter of 581 00:29:20,500 --> 00:29:21,623 the American Revolution. 582 00:29:21,623 --> 00:29:24,436 She was born to a sharecropper in Colorado. 583 00:29:24,436 --> 00:29:28,284 They migrated up to Iowa where her father ended up with 584 00:29:28,330 --> 00:29:30,373 tuberculosis and died at a young age. 585 00:29:30,373 --> 00:29:32,816 But my grandmother was one of nine kids. 586 00:29:32,816 --> 00:29:34,939 They were very lucky. 587 00:29:34,939 --> 00:29:38,805 They rented a farm and had a three-hole outhouse no power. 588 00:29:38,825 --> 00:29:42,679 Wow, wow, yeah, but they were very lucky in 1935 or whatever 589 00:29:42,720 --> 00:29:43,041 it was. 590 00:29:43,041 --> 00:29:47,096 She met my grandfather in 1939, and he had a friend who had a 591 00:29:47,177 --> 00:29:50,364 job making guns in Hamden, connecticut, and they drove from 592 00:29:50,364 --> 00:29:53,651 Iowa to Connecticut with their kid and settled there and they 593 00:29:53,691 --> 00:29:58,198 were married for 65 years until he passed away. 594 00:29:58,198 --> 00:30:04,533 But during World War II he always says he was drafted I 595 00:30:04,553 --> 00:30:06,740 don't know if they draft people with four kids and don't let 596 00:30:06,759 --> 00:30:08,653 them leave the United States but he might've volunteered. 597 00:30:08,653 --> 00:30:11,720 Anyway, they put him in the Navy, they sent him out to 598 00:30:11,759 --> 00:30:16,234 Brooklyn and taught him refrigeration repair and when he 599 00:30:16,234 --> 00:30:18,381 got out he was doing what he knew. 600 00:30:18,381 --> 00:30:21,576 He was repairing refrigerators and small appliances and big 601 00:30:21,616 --> 00:30:25,172 appliances and started selling parts as a side gig and at one 602 00:30:25,211 --> 00:30:29,099 point became GE and Westinghouse's largest parts 603 00:30:29,139 --> 00:30:31,943 distributor for large appliance parts in New England. 604 00:30:31,943 --> 00:30:36,332 So that was washers, dryers, refrigerators and they had a 605 00:30:36,553 --> 00:30:40,018 really nice appliance parts business until those products 606 00:30:40,078 --> 00:30:45,875 became dispensable and basically your washer breaks, you 607 00:30:45,895 --> 00:30:46,719 probably don't have it fixed. 608 00:30:46,719 --> 00:30:51,278 Today they buy a new one that's probably made overseas 609 00:30:51,320 --> 00:30:54,991 somewhere and, um, it's just cheaper than having it fixed. 610 00:30:54,991 --> 00:30:57,557 So their business was really really good. 611 00:30:57,597 --> 00:30:59,282 My grandfather was very successful. 612 00:30:59,282 --> 00:31:01,977 He had a little four-seater single engine cessna. 613 00:31:01,977 --> 00:31:04,591 He had property in new hampshire or not late, you know 614 00:31:04,611 --> 00:31:06,735 he he did really well, um. 615 00:31:06,735 --> 00:31:10,984 So I feel like I feel like the entrepreneurial spirit is baked 616 00:31:11,084 --> 00:31:12,135 in, I feel like the logistics thing is baked in. 617 00:31:12,135 --> 00:31:16,576 And I feel like the logistics thing is baked in and I don't 618 00:31:16,615 --> 00:31:17,359 know that I had a choice. 619 00:31:17,359 --> 00:31:21,421 I think it's just where I was supposed to be. 620 00:31:22,410 --> 00:31:25,796 Speaker 1: I would imagine, then , that your sons also feel like 621 00:31:25,836 --> 00:31:26,537 it's a choice for them. 622 00:31:26,537 --> 00:31:28,119 They don't have to do it, they choose to do it. 623 00:31:30,583 --> 00:31:31,084 Speaker 2: I think so. 624 00:31:31,084 --> 00:31:32,226 James is my oldest. 625 00:31:32,226 --> 00:31:34,758 James got a degree in history. 626 00:31:34,758 --> 00:31:35,559 He wanted to be a teacher. 627 00:31:35,559 --> 00:31:36,392 He loves history. 628 00:31:36,392 --> 00:31:37,355 He wanted to be a teacher. 629 00:31:37,355 --> 00:31:38,116 He got a degree. 630 00:31:38,116 --> 00:31:41,693 He did his student teaching and went oh these kids are nuts, I 631 00:31:41,713 --> 00:31:43,980 don't want to do this Teaching is hard. 632 00:31:44,490 --> 00:31:45,092 Teaching is hard. 633 00:31:45,092 --> 00:31:49,061 And so he said while I'm looking for a job, is there 634 00:31:49,081 --> 00:31:49,911 anything you have for me? 635 00:31:49,911 --> 00:31:50,974 So I said, yeah, I'm going to have you. 636 00:31:50,974 --> 00:31:54,544 We were doing a freight payment audit program at the time. 637 00:31:54,544 --> 00:31:55,908 I said, yeah, you teach these. 638 00:31:55,908 --> 00:31:59,537 And so James started by typing bills, which is ironic because I 639 00:31:59,537 --> 00:32:02,590 started at Kronos Express doing things like OS&D and customer 640 00:32:02,630 --> 00:32:07,076 service, and so his start was very similar to mine. 641 00:32:07,076 --> 00:32:11,903 And I think James, I think he's got the bug, I think it's in 642 00:32:11,943 --> 00:32:13,506 him and I don't think it's going anywhere. 643 00:32:13,506 --> 00:32:16,477 My other son, stephen, is two years younger. 644 00:32:17,470 --> 00:32:18,897 Stephen wanted to be in law enforcement. 645 00:32:18,897 --> 00:32:24,009 His mother is a police officer in our town in Connecticut and 646 00:32:26,655 --> 00:32:30,224 Stephen went to the academy for Connecticut State Police and it 647 00:32:30,264 --> 00:32:33,611 was right around the time of a lot of bad things happening and 648 00:32:33,770 --> 00:32:37,220 police officers getting blamed for things that probably were 649 00:32:37,259 --> 00:32:39,251 okay a few years before and then they weren't. 650 00:32:39,251 --> 00:32:41,659 And then there was in Connecticut. 651 00:32:41,659 --> 00:32:47,345 There was not just fault as an officer for things that happened 652 00:32:47,345 --> 00:32:49,210 , but they could hold you personally responsible for 653 00:32:49,230 --> 00:32:50,132 things your partner did. 654 00:32:50,132 --> 00:32:55,702 And so he came to me and said Dad, I can't, I'm not doing this 655 00:32:55,702 --> 00:32:56,403 , I'm dropping out. 656 00:32:56,403 --> 00:32:57,654 I said, well, what do you plan to do? 657 00:32:57,654 --> 00:32:59,747 He goes, I have a job as a security guard at the local 658 00:32:59,787 --> 00:33:00,110 hospital. 659 00:33:00,110 --> 00:33:02,599 I'm like, okay, is that going to be enough to make ends meet? 660 00:33:02,599 --> 00:33:03,715 And he says, yeah, I think so. 661 00:33:03,715 --> 00:33:08,140 He had just gotten married to this wonderful young lady Her 662 00:33:08,160 --> 00:33:16,597 name is Liz, and they he just I don't. 663 00:33:16,597 --> 00:33:21,288 I don't think he had kind of enough, like he was doing okay, 664 00:33:21,388 --> 00:33:24,500 but just okay, and I finally said to him why are you working 665 00:33:24,541 --> 00:33:25,323 nights and weekends? 666 00:33:25,323 --> 00:33:26,426 We need help here. 667 00:33:26,426 --> 00:33:28,220 You're a smart kid, you have a degree. 668 00:33:28,220 --> 00:33:30,066 I know it's criminal justice, but you have a degree. 669 00:33:30,066 --> 00:33:34,663 Why don't we teach you how to do some side of this business 670 00:33:34,702 --> 00:33:36,247 that maybe your brother's not doing? 671 00:33:37,096 --> 00:33:40,506 And so Stephen now handles payroll. 672 00:33:40,506 --> 00:33:45,038 He handles payments, accounts, payable, and he has a handful of 673 00:33:45,038 --> 00:33:46,845 accounts that he's managing. 674 00:33:46,845 --> 00:33:52,576 And James handles customer relationship type stuff Accounts 675 00:33:52,576 --> 00:34:02,076 , receivable, customer relationships, relationships and 676 00:34:02,076 --> 00:34:02,257 , um, yeah. 677 00:34:02,257 --> 00:34:03,701 And so I think we found positions for each of them that 678 00:34:03,721 --> 00:34:06,086 are really uniquely suited to fit kind of who they are james, 679 00:34:06,509 --> 00:34:08,835 james's, james's role is something like director of 680 00:34:08,916 --> 00:34:11,503 operations, uh, customer relationships. 681 00:34:11,503 --> 00:34:14,934 And steven is director of operations uh, network network 682 00:34:15,134 --> 00:34:21,971 payments, and so, uh, those two roles I expect to get bigger and 683 00:34:21,971 --> 00:34:26,866 bigger as we build departments under them, and so, yeah, that's 684 00:34:26,866 --> 00:34:28,733 where I think that what would they be doing otherwise? 685 00:34:28,733 --> 00:34:31,239 I don't know. 686 00:34:31,239 --> 00:34:33,182 I think they both have the bug. 687 00:34:33,182 --> 00:34:33,523 I think. 688 00:34:34,284 --> 00:34:36,828 Speaker 1: Well, and it's fun to get to watch, from my 689 00:34:36,974 --> 00:34:40,951 perspective, the impact of entrepreneurship on the 690 00:34:41,071 --> 00:34:41,955 entrepreneurs families. 691 00:34:41,955 --> 00:34:45,164 I always like to ask those kinds of questions because 692 00:34:46,789 --> 00:34:47,812 anybody who has a career. 693 00:34:47,812 --> 00:34:52,422 It still impacts your family as well, myself included, but the 694 00:34:52,983 --> 00:34:54,326 I can bring work home with me. 695 00:34:54,326 --> 00:34:59,177 For sure, that's part of life sometimes, but I can leave work 696 00:35:00,737 --> 00:35:03,880 If you're an entrepreneur, you're on vacation, maybe your 697 00:35:03,920 --> 00:35:06,062 company is doing well enough and it affords you a certain 698 00:35:06,102 --> 00:35:09,864 lifestyle to be able to travel and to have great experiences. 699 00:35:09,864 --> 00:35:13,527 But for most you are still connected and the family is 700 00:35:13,606 --> 00:35:18,030 benefiting from the entrepreneurial success. 701 00:35:18,030 --> 00:35:21,532 But the family has also had to make a ton of sacrifices 702 00:35:21,612 --> 00:35:30,556 simultaneously, and so it is a whole family experience on some 703 00:35:30,596 --> 00:35:32,197 level for most not for everybody , but that's a theme that I've 704 00:35:32,217 --> 00:35:37,503 identified more and more over the years, and I had the thought 705 00:35:37,503 --> 00:35:42,987 one time of doing a spouse's version of, maybe a mini series 706 00:35:43,228 --> 00:35:46,010 of, what is it like being married to a bootstrapped 707 00:35:46,070 --> 00:35:47,412 logistics entrepreneur? 708 00:35:48,715 --> 00:35:50,443 Speaker 2: I am not calling her from the next one Okay. 709 00:35:50,443 --> 00:35:55,467 I'm not bringing her in because Too much truth. 710 00:35:55,467 --> 00:36:00,706 Well, there's plenty of days where she's like do you have to 711 00:36:00,746 --> 00:36:02,478 be working all the time, for example? 712 00:36:02,478 --> 00:36:05,342 So we live in North Carolina, the company is in Connecticut, 713 00:36:06,235 --> 00:36:08,438 james and Steve live in Connecticut, their wives and 714 00:36:08,458 --> 00:36:09,461 their kids are in Connecticut. 715 00:36:09,461 --> 00:36:12,521 My mother is in Connecticut, so we do a lot of back and forth 716 00:36:13,215 --> 00:36:17,514 and when we drive together she drives because I have the laptop 717 00:36:17,514 --> 00:36:17,514 . 718 00:36:17,655 --> 00:36:19,162 Speaker 1: You have a text and email. 719 00:36:19,202 --> 00:36:23,519 Speaker 2: yeah, I'm working and we we have uh, we have a time 720 00:36:23,539 --> 00:36:25,907 share in the caribbean and we go once a year and guess what, 721 00:36:27,211 --> 00:36:29,740 every morning I'm sitting outside by the pool with my 722 00:36:29,800 --> 00:36:32,472 laptop putting out whatever fires I have to put out. 723 00:36:32,472 --> 00:36:35,019 I mean, everybody knows that vin's on vacation, so he's only 724 00:36:35,039 --> 00:36:36,842 available for four or five hours a day. 725 00:36:36,842 --> 00:36:40,009 I don't know any other way to live. 726 00:36:42,096 --> 00:36:45,005 Speaker 1: And there's joy in that for a lot of us too. 727 00:36:45,005 --> 00:36:46,289 I love being busy. 728 00:36:46,289 --> 00:36:48,476 I love feeling like I'm having an impact. 729 00:36:48,476 --> 00:36:50,041 It's not a drain. 730 00:36:50,041 --> 00:36:53,596 Sometimes the work is the work and it's not awesome, but in 731 00:36:53,675 --> 00:36:59,789 general, if you love the work itself, it's easy to work 8, 10, 732 00:36:59,789 --> 00:37:04,778 12, 15 hours not forever, but in periods where you're, the 733 00:37:04,818 --> 00:37:06,642 adrenaline is just a blast. 734 00:37:06,903 --> 00:37:08,706 Speaker 2: Yeah, no, I totally agree. 735 00:37:08,706 --> 00:37:10,315 I, you know it's funny. 736 00:37:10,315 --> 00:37:15,159 I, um, I love what I do and I love who I do it with. 737 00:37:15,159 --> 00:37:16,021 I love what I do it. 738 00:37:16,021 --> 00:37:17,081 4, right. 739 00:37:17,222 --> 00:37:22,487 And so that 4 is for the people who work here, for our family, 740 00:37:23,449 --> 00:37:29,101 for my family that's not in the business and so my wife has a 741 00:37:29,141 --> 00:37:29,603 great job. 742 00:37:29,603 --> 00:37:32,784 She's a latent print examiner for the city of Durham. 743 00:37:32,784 --> 00:37:36,005 She absolutely loves working in forensics. 744 00:37:36,005 --> 00:37:40,521 She's smart as hell and so sometimes she comes home and 745 00:37:40,561 --> 00:37:43,500 she's like I have to vent and I'm like I've got to book a 746 00:37:43,519 --> 00:37:43,860 truck. 747 00:37:43,860 --> 00:37:49,257 So you know, you know, we, we have a great time with this back 748 00:37:49,257 --> 00:37:53,326 and forth, but we both understand the other's role. 749 00:37:53,326 --> 00:37:57,760 You know, and uh, and we do, we do really really well together 750 00:37:57,981 --> 00:38:03,538 in that I joke around that she gives me grief about it, but at 751 00:38:03,557 --> 00:38:06,155 the end of the day she's very patient and she's very kind and 752 00:38:06,195 --> 00:38:10,945 she knows that this is one of the big things that bring me joy 753 00:38:10,945 --> 00:38:12,929 , besides those three little grandkids I have. 754 00:38:12,929 --> 00:38:15,784 But this is one of the things that brings me joy. 755 00:38:17,677 --> 00:38:20,181 And I get out of bed every morning and my feet hit the 756 00:38:20,222 --> 00:38:20,963 floor and I'm running. 757 00:38:20,963 --> 00:38:25,929 Um, I, in fact I've sent a newsletter to all of our agents 758 00:38:26,557 --> 00:38:26,878 every week. 759 00:38:26,878 --> 00:38:28,302 I call it the happy Monday newsletter. 760 00:38:28,302 --> 00:38:29,545 It never goes out on a Monday. 761 00:38:29,545 --> 00:38:32,438 If it does, it's just pretty long. 762 00:38:32,438 --> 00:38:35,403 And I call it happy Monday because I feel like Mondays are 763 00:38:35,864 --> 00:38:38,487 one of these days where people get up, who work regular jobs 764 00:38:38,528 --> 00:38:38,847 and they go. 765 00:38:39,068 --> 00:38:40,030 Oh, I got to go to work. 766 00:38:40,030 --> 00:38:42,523 I hate this job Weekend's over. 767 00:38:42,523 --> 00:38:44,559 And I get up on Monday and I go . 768 00:38:44,559 --> 00:38:46,085 I love Mondays. 769 00:38:46,085 --> 00:38:48,001 Monday's a day to reset. 770 00:38:48,001 --> 00:38:50,902 Monday's a day to forgive what the bad things that happened 771 00:38:50,961 --> 00:38:53,186 last week or fix those problems from last week. 772 00:38:53,186 --> 00:38:55,362 Monday's a day for a fresh start. 773 00:38:55,362 --> 00:39:04,039 And I just I try to give everybody here and everybody 774 00:39:04,059 --> 00:39:05,883 around us that same kind of feeling in that don't dread your 775 00:39:05,883 --> 00:39:06,083 job. 776 00:39:06,083 --> 00:39:07,708 If you dread your job, you're doing the wrong job. 777 00:39:07,708 --> 00:39:10,824 If you don't, if you don't love your job, if you don't love 778 00:39:10,884 --> 00:39:12,856 what you do, you're going to work every day in your life and 779 00:39:12,896 --> 00:39:13,157 I don't. 780 00:39:13,157 --> 00:39:14,940 I don't feel like what I do is work. 781 00:39:14,940 --> 00:39:15,760 I, I. 782 00:39:15,760 --> 00:39:18,566 There's plenty of days with stress and there's plenty of 783 00:39:18,606 --> 00:39:23,961 days when I sit on my butt all day long pounding the keys and I 784 00:39:23,961 --> 00:39:28,489 am exhausted at the end of the day, but I'm happy to do it. 785 00:39:30,054 --> 00:39:30,336 Speaker 1: That is. 786 00:39:30,336 --> 00:39:35,606 That is a joy to find your spot yeah. 787 00:39:35,606 --> 00:39:36,246 To find your joy. 788 00:39:36,246 --> 00:39:36,947 I like that a lot. 789 00:39:36,967 --> 00:39:37,528 Speaker 2: Your happy place. 790 00:39:38,215 --> 00:39:43,041 Speaker 1: Who would you like to give a shout out to for either 791 00:39:43,081 --> 00:39:46,947 their support along the way or their support right now, their 792 00:39:47,028 --> 00:39:48,751 influence on you, over your career? 793 00:39:48,751 --> 00:39:51,503 Who is somebody that you want to celebrate today? 794 00:39:52,715 --> 00:39:53,418 Speaker 2: Can I give you a list ? 795 00:39:53,981 --> 00:39:55,104 Speaker 1: Yeah, by all means All right. 796 00:39:56,255 --> 00:39:57,139 Speaker 2: First, joe Valentino. 797 00:39:57,139 --> 00:40:00,003 Joe Valentino was the office manager at Carano's Express. 798 00:40:00,003 --> 00:40:02,200 Joe taught me how to balance the cash box. 799 00:40:02,200 --> 00:40:05,320 The drivers would come back with toll receipts and money and 800 00:40:05,320 --> 00:40:07,831 at the time we used to have to give them dimes so they could go 801 00:40:07,831 --> 00:40:09,278 out and make phone calls and call dispatch. 802 00:40:09,278 --> 00:40:11,604 And so Joe taught me how to balance the cash box. 803 00:40:11,604 --> 00:40:16,840 He taught me how to handle OS&D and he might have done some 804 00:40:17,360 --> 00:40:19,563 funny things with claims, because if a claim didn't come 805 00:40:19,664 --> 00:40:22,088 in certified mail because there was no faxes at the time, 806 00:40:22,148 --> 00:40:24,250 remember didn't come in certified mail, it went in the 807 00:40:24,269 --> 00:40:24,671 trash. 808 00:40:24,671 --> 00:40:31,527 But Joe taught me some of the real basics of business and that 809 00:40:31,527 --> 00:40:32,108 was really cool. 810 00:40:32,755 --> 00:40:35,201 John Weber, new England Motor Freight Manager, became the 811 00:40:35,240 --> 00:40:37,547 regional manager, was my boss for the whole 10 years. 812 00:40:37,547 --> 00:40:38,008 I was there. 813 00:40:38,008 --> 00:40:39,697 Love this guy. 814 00:40:39,697 --> 00:40:41,925 He taught me so much. 815 00:40:41,925 --> 00:40:48,927 But one of the biggest lessons in my life was we had I'll tell 816 00:40:48,947 --> 00:40:49,528 you what the account was. 817 00:40:49,528 --> 00:40:53,367 The account was Russell Stover Candy and they shipped out of 818 00:40:53,427 --> 00:40:57,101 Somersworth, new Hampshire, and they would put 3,000 or 4,000 819 00:40:57,163 --> 00:41:00,579 little boxes in a trailer on the floor and those boxes were 820 00:41:00,619 --> 00:41:00,941 mixed. 821 00:41:00,941 --> 00:41:06,376 They had like a black stamp on them with the different I think 822 00:41:06,396 --> 00:41:09,936 there were pharmacies they all went to at the time and so they 823 00:41:09,958 --> 00:41:11,836 would have three or four orders mixed in the trailer and we 824 00:41:11,876 --> 00:41:14,599 would have to separate them all and we would have to put them on 825 00:41:14,599 --> 00:41:15,963 pallets and then go deliver them. 826 00:41:15,963 --> 00:41:20,706 That day and one night we got four loads with 4,000 cartons, 827 00:41:20,786 --> 00:41:21,956 each unexpected. 828 00:41:21,956 --> 00:41:24,179 That showed up at midnight and they were all supposed to be out 829 00:41:24,179 --> 00:41:28,217 for delivery the next day and I had four guys on my dock and so 830 00:41:28,217 --> 00:41:31,081 it didn't happen and I got a call from the regional manager. 831 00:41:31,195 --> 00:41:34,139 John was sitting in his office and the regional manager was a 832 00:41:34,159 --> 00:41:36,706 guy named Rich I don't remember his last name and he said Vin, 833 00:41:36,746 --> 00:41:37,166 what's going on? 834 00:41:37,166 --> 00:41:38,567 I said you don't understand. 835 00:41:38,567 --> 00:41:40,268 This place is really effed up. 836 00:41:40,268 --> 00:41:41,929 There's no way to do this. 837 00:41:41,929 --> 00:41:42,710 Blah, blah, blah, blah, blah. 838 00:41:42,710 --> 00:41:43,710 I kind of complained to him. 839 00:41:43,710 --> 00:41:46,092 He said I don't care what you have to do, get the job done. 840 00:41:46,092 --> 00:41:47,653 I hung up with Rich. 841 00:41:47,653 --> 00:41:53,121 John goes in his office and he goes Carano, get in here, damn. 842 00:41:53,121 --> 00:41:54,362 I walk in his office, he goes. 843 00:41:54,362 --> 00:41:56,887 No matter how effed up you are, you never tell the boss that 844 00:41:56,905 --> 00:41:57,427 you're effed up. 845 00:41:57,427 --> 00:42:00,331 That's a huge lesson. 846 00:42:00,331 --> 00:42:01,597 That's a huge lesson. 847 00:42:01,597 --> 00:42:05,905 The lesson was handle it, figure out what's wrong and fix 848 00:42:05,965 --> 00:42:06,025 it. 849 00:42:06,025 --> 00:42:07,396 So that was huge. 850 00:42:07,396 --> 00:42:12,764 That was, um something that I still remember to this day and 851 00:42:12,804 --> 00:42:14,067 it's 25 years ago. 852 00:42:14,067 --> 00:42:22,077 You know um the who else, the the people here. 853 00:42:22,237 --> 00:42:25,280 I just want to talk about two people here Steve and Leslie. 854 00:42:25,280 --> 00:42:28,523 Leslie, uh, came to us with a different agency. 855 00:42:28,523 --> 00:42:33,126 Um, they didn't like some of the things that she was doing. 856 00:42:33,126 --> 00:42:36,208 I saw a glimmer in her eye and I knew that she would be really, 857 00:42:36,208 --> 00:42:38,208 really good in the recruiting position. 858 00:42:38,208 --> 00:42:42,992 She's in that position and she's just on fire. 859 00:42:42,992 --> 00:42:46,121 She's so good, so I'm really happy about that. 860 00:42:46,121 --> 00:42:48,757 She's leading our recruiting team and the first agent we put 861 00:42:48,878 --> 00:42:52,487 on, steve, believed in us during COVID. 862 00:42:53,496 --> 00:42:56,664 I think his big thing was you don't have a vaccine mandate at 863 00:42:56,704 --> 00:42:57,144 your company. 864 00:42:57,144 --> 00:42:58,076 And I said, no, he goes. 865 00:42:58,076 --> 00:42:58,900 When can I start? 866 00:42:58,900 --> 00:43:01,340 But he trusted me. 867 00:43:01,340 --> 00:43:03,023 It was me, he trusted it. 868 00:43:03,023 --> 00:43:03,365 It wasn't. 869 00:43:03,365 --> 00:43:04,246 There was no group. 870 00:43:04,246 --> 00:43:08,202 We were doing 5 million bucks a year when Steve showed up, um, 871 00:43:08,384 --> 00:43:10,447 and he's been one of our best. 872 00:43:10,447 --> 00:43:12,838 He's one of our higher margin um agents. 873 00:43:12,838 --> 00:43:15,983 Uh, he's got, he's got people working for him now in his 874 00:43:16,063 --> 00:43:16,503 agency. 875 00:43:16,503 --> 00:43:17,846 He's just a great success story . 876 00:43:17,846 --> 00:43:21,037 So there's that, but honestly, at the end of the day, the one, 877 00:43:21,699 --> 00:43:23,746 the big one, the only one really is my dad. 878 00:43:25,635 --> 00:43:31,838 My father was not college educated, in fact he wasn't even 879 00:43:31,838 --> 00:43:32,642 high school educated. 880 00:43:32,642 --> 00:43:36,362 He barely finished, in fact I don't think he did finish. 881 00:43:36,362 --> 00:43:38,300 He drove a truck. 882 00:43:38,300 --> 00:43:55,537 He fueled the trucks, he greased the trucks, he unloaded 883 00:43:55,597 --> 00:43:56,880 the freight, he loaded the freight, he learned how to write 884 00:43:56,880 --> 00:43:59,364 manifest and customer invoices, and when Coke would drop off 885 00:43:59,384 --> 00:43:59,565 was um. 886 00:43:59,565 --> 00:44:04,333 He was personality wise. 887 00:44:04,333 --> 00:44:05,760 He was the opposite of my uncle . 888 00:44:05,760 --> 00:44:11,724 My uncle was fiery and hard to work with and demanding, and 889 00:44:12,485 --> 00:44:15,976 people respected him, but they weren't friendly with him Like 890 00:44:15,996 --> 00:44:16,818 the workers would. 891 00:44:16,818 --> 00:44:17,760 Would. 892 00:44:17,760 --> 00:44:20,125 Um, they'd sort of be afraid of him. 893 00:44:20,125 --> 00:44:20,867 They'd steer clear. 894 00:44:20,867 --> 00:44:22,597 If he was in the hallway they'd use the other hallway. 895 00:44:22,597 --> 00:44:26,505 My dad was friends with everybody and my dad got things 896 00:44:26,626 --> 00:44:31,708 done, not by yelling and not by demeaning people or whatever. 897 00:44:31,708 --> 00:44:33,956 My dad put his arm around somebody and said let me show 898 00:44:33,976 --> 00:44:36,438 you how this has got to be done. 899 00:44:36,438 --> 00:44:38,242 He understood people. 900 00:44:38,262 --> 00:44:42,067 In 1978, my dad was diagnosed with MS. 901 00:44:42,067 --> 00:44:46,197 He was 35 years old, I think 34 . 902 00:44:46,197 --> 00:44:49,525 And he was very, very scared. 903 00:44:49,525 --> 00:44:52,737 There was three young kids at home, wife trying to take care 904 00:44:52,778 --> 00:44:53,619 of her. 905 00:44:53,619 --> 00:44:54,923 She barely worked. 906 00:44:54,923 --> 00:44:56,106 She had a part-time job. 907 00:44:56,106 --> 00:45:02,220 He had a part-time job and so he went his entire career and 908 00:45:02,240 --> 00:45:05,041 his entire life not knowing what the end was going to bring. 909 00:45:05,041 --> 00:45:10,447 His aunt died with MS and it was an awful time. 910 00:45:11,387 --> 00:45:16,731 And so my dad, he did everything the doctors told him to do. 911 00:45:16,731 --> 00:45:21,338 It was all experimental stuff and crazy things that didn't 912 00:45:21,358 --> 00:45:23,041 work, and the timeshare that I told you about in the Caribbean. 913 00:45:23,041 --> 00:45:27,056 They bought it so he could go and they did, and he did 914 00:45:27,115 --> 00:45:31,143 everything and at the end it was the last 10 years were scooters 915 00:45:31,143 --> 00:45:35,050 and canes and walkers and eventually a wheelchair. 916 00:45:35,050 --> 00:45:40,007 And you know he didn't really let anything stop him. 917 00:45:40,007 --> 00:45:42,523 He loved, loved his great-grandkids. 918 00:45:42,523 --> 00:45:43,659 He couldn't wait for them. 919 00:45:44,715 --> 00:45:53,518 My dad passed in May but in April I had two grandkids and 920 00:45:53,637 --> 00:45:56,355 about two weeks old Stephen's son, cooper, came to visit and 921 00:45:56,376 --> 00:46:01,838 I've got a great picture of my dad holding Cooper, making sure 922 00:46:01,878 --> 00:46:04,867 he wasn't going to drop him but holding him, and he just had the 923 00:46:04,867 --> 00:46:04,867 . 924 00:46:04,867 --> 00:46:07,018 It was like might be the last smile I ever saw him. 925 00:46:07,018 --> 00:46:14,597 And so my dad inspired me, not because he was a hard-nosed 926 00:46:15,179 --> 00:46:17,905 businessman who could grow a big company and make things work. 927 00:46:17,905 --> 00:46:23,157 He was businessman who could grow a big company and make 928 00:46:23,177 --> 00:46:23,458 things work. 929 00:46:23,458 --> 00:46:25,081 He was, but he did it a different way and I hope and 930 00:46:25,101 --> 00:46:27,887 pray that just a little bit of that comes through, comes 931 00:46:27,907 --> 00:46:28,206 through me. 932 00:46:28,206 --> 00:46:30,699 I don't want to be the guy yelling at people. 933 00:46:30,699 --> 00:46:33,485 I don't want to be the guy making people do things. 934 00:46:33,485 --> 00:46:36,242 I want them to want to do them because it's right for them, 935 00:46:36,302 --> 00:46:37,796 it's right for us, it's right for our customers. 936 00:46:40,521 --> 00:46:43,206 Speaker 1: Well, I would venture to say, then, that he would be 937 00:46:43,246 --> 00:46:50,556 proud of you, not for what you're doing but for how you're 938 00:46:50,576 --> 00:46:51,155 doing it. 939 00:46:51,175 --> 00:46:51,697 Speaker 2: I hope so, I hope so. 940 00:46:51,697 --> 00:46:54,441 I mean I told him about this stuff every chance I got there 941 00:46:54,461 --> 00:46:54,681 was. 942 00:46:54,681 --> 00:46:57,764 So MS affects people different ways ways. 943 00:46:57,764 --> 00:47:06,077 But part of his um decline was the dementia aspect and there 944 00:47:06,117 --> 00:47:08,804 was a moment he was in the hospital with like a mercer 945 00:47:08,825 --> 00:47:09,306 infection. 946 00:47:09,306 --> 00:47:11,057 It was, you know, just a lot of bad times. 947 00:47:11,117 --> 00:47:13,947 But he's in the hospital and we're in downtown new haven I'm 948 00:47:13,987 --> 00:47:16,898 like I don't know the eighth or ninth floor and he says to me 949 00:47:17,681 --> 00:47:19,704 then, vin, you got to move the truck. 950 00:47:19,704 --> 00:47:21,487 I said what truck? 951 00:47:21,487 --> 00:47:24,496 He goes the F8. 952 00:47:24,496 --> 00:47:26,581 He goes the F8. 953 00:47:26,581 --> 00:47:28,425 I parked it here and I came inside. 954 00:47:28,425 --> 00:47:29,248 They won't let me leave. 955 00:47:29,248 --> 00:47:31,019 And so I know where he's going. 956 00:47:31,019 --> 00:47:31,500 I get it. 957 00:47:31,500 --> 00:47:33,405 I said that's all right, dad, I'll bring it back to the 958 00:47:33,454 --> 00:47:33,836 terminal. 959 00:47:33,836 --> 00:47:37,561 He goes no, no, no, bring it back to mommy's house, okay. 960 00:47:37,561 --> 00:47:41,329 I said, um, could I just, could I just have one of the guys 961 00:47:41,369 --> 00:47:41,630 bring it? 962 00:47:41,630 --> 00:47:44,360 He goes, yeah, tell Bobby to come and get it. 963 00:47:44,701 --> 00:47:46,965 Now there were two Bobbies there . 964 00:47:46,965 --> 00:47:51,427 There was a guy uh, they called cigars, cause he smoked, and 965 00:47:51,467 --> 00:47:52,472 there was a guy named Bobby Toro . 966 00:47:52,472 --> 00:47:53,215 They called Bobby Toro. 967 00:47:53,215 --> 00:47:54,818 So, um, they called Toro. 968 00:47:54,818 --> 00:47:55,981 So I said who do you? 969 00:47:55,981 --> 00:47:56,963 Who cigars are Toro. 970 00:47:56,963 --> 00:48:00,108 He goes, cigars dropped dead a year ago. 971 00:48:00,108 --> 00:48:02,596 He goes tell Toro to come and get it. 972 00:48:02,596 --> 00:48:04,918 Bobby Cigars had died a year before. 973 00:48:04,918 --> 00:48:09,104 And there was that moment of clarity, you know, and Bobby 974 00:48:09,144 --> 00:48:13,929 Toro is still with us and he saw my dad and my mom right up 975 00:48:13,970 --> 00:48:14,451 until the end. 976 00:48:14,451 --> 00:48:20,815 So I said, okay, I'll call him. 977 00:48:20,815 --> 00:48:23,976 A short time later my dad had passed and we had planned 978 00:48:23,996 --> 00:48:24,757 services or whatever. 979 00:48:24,757 --> 00:48:25,538 And there was a line. 980 00:48:25,538 --> 00:48:26,918 I mean, there was a lot of people, there was a couple 981 00:48:26,938 --> 00:48:29,722 hundred people who showed up for the wake and at one point I 982 00:48:29,782 --> 00:48:36,567 looked over and there were 13 of his former drivers at his wake 983 00:48:37,568 --> 00:48:38,548 standing around in a circle. 984 00:48:38,548 --> 00:48:41,532 This company closed in 1989. 985 00:48:41,532 --> 00:48:42,331 Wow, and they showed up. 986 00:48:42,331 --> 00:48:46,519 So if I could be that guy, I'd be happy to be that guy. 987 00:48:48,242 --> 00:48:50,206 Speaker 1: Wow, what a tribute. 988 00:48:50,206 --> 00:48:54,503 Yep, yep 35 years after the company closed. 989 00:48:54,835 --> 00:48:55,376 Speaker 2: Wakes and funerals. 990 00:48:55,376 --> 00:48:57,003 You always make these picture boards, you know. 991 00:48:57,003 --> 00:49:00,942 And so there's a picture on the board of me and my two sisters 992 00:49:01,021 --> 00:49:02,525 I must have been 12. 993 00:49:02,525 --> 00:49:06,057 And we're standing in front of an R model Mac, and it was super 994 00:49:06,057 --> 00:49:06,378 clean. 995 00:49:06,378 --> 00:49:08,264 Their trucks were usually pretty clean, but it was super 996 00:49:08,284 --> 00:49:08,505 clean. 997 00:49:08,505 --> 00:49:12,403 And so four or five of these drivers who are in their 80s are 998 00:49:12,403 --> 00:49:14,637 huddled around the picture going whose truck is that? 999 00:49:14,637 --> 00:49:15,780 How come it's so clean? 1000 00:49:15,780 --> 00:49:17,365 Did they clean his and not mine ? 1001 00:49:17,365 --> 00:49:18,496 And they're arguing. 1002 00:49:18,516 --> 00:49:22,126 Speaker 1: Still arguing yeah, like it's 1986, all over again. 1003 00:49:22,146 --> 00:49:22,967 Speaker 2: Oh, it's wonderful. 1004 00:49:22,987 --> 00:49:24,152 Speaker 1: It's a fantastic moment. 1005 00:49:24,152 --> 00:49:25,295 Absolutely fantastic. 1006 00:49:25,295 --> 00:49:28,023 I can picture these things as you describe them. 1007 00:49:28,023 --> 00:49:33,119 You have such a vivid way of explaining and you're a good 1008 00:49:33,159 --> 00:49:33,641 storyteller. 1009 00:49:33,641 --> 00:49:35,541 Maybe you should have a podcast . 1010 00:49:36,003 --> 00:49:36,403 Speaker 2: Oh God. 1011 00:49:36,916 --> 00:49:41,045 Speaker 1: Of your own with all the free time that you have. 1012 00:49:41,767 --> 00:49:45,816 Vin, that is genuinely a wonderful tribute. 1013 00:49:45,816 --> 00:49:51,083 A multi-generational family in the industry. 1014 00:49:51,083 --> 00:49:58,496 You have done and seen a lot and I hope you have a moment, 1015 00:49:58,517 --> 00:50:01,079 maybe today, if you can take five minutes after this, or 1016 00:50:01,159 --> 00:50:05,184 sometime this evening maybe, and just pause to reflect on all of 1017 00:50:05,184 --> 00:50:11,148 that for the next phase of your journey and the journey with 1018 00:50:11,188 --> 00:50:15,757 your own family and the generations to come Sure, to 1019 00:50:15,856 --> 00:50:19,825 internalize what you want that to be and how you want to 1020 00:50:19,865 --> 00:50:24,961 continue showing up so that you can have that same kind of 1021 00:50:25,041 --> 00:50:28,068 legacy and the way that you've shared it with me. 1022 00:50:28,068 --> 00:50:30,985 I have no doubt that you will, but I just want to offer that to 1023 00:50:30,985 --> 00:50:34,436 you as a a 90 second opportunity in your in your 1024 00:50:34,456 --> 00:50:38,144 journey to just pause and and spend a few moments there. 1025 00:50:38,144 --> 00:50:40,829 Thank you also for just opening up. 1026 00:50:40,829 --> 00:50:43,961 I know it's sometimes easy to talk about the business side of 1027 00:50:44,001 --> 00:50:47,427 things and it's not always easy to talk about the personal side, 1028 00:50:47,427 --> 00:50:51,083 and so thanks for being so open and willing to share your 1029 00:50:51,144 --> 00:50:52,367 family's story with us. 1030 00:50:53,538 --> 00:50:54,864 Speaker 2: Yeah, I appreciate the opportunity. 1031 00:50:54,864 --> 00:50:56,820 Yes, I'm an open book. 1032 00:50:56,820 --> 00:51:01,817 I am, yes, I'm an open book. 1033 00:51:01,817 --> 00:51:03,342 Um, if somebody asked me a question, I I try to answer as 1034 00:51:03,503 --> 00:51:05,391 honestly and as passionately as I can, because I feel like 1035 00:51:05,411 --> 00:51:06,092 that's that's that's who I am. 1036 00:51:06,233 --> 00:51:07,597 Speaker 1: And that's live life to the fullest. 1037 00:51:07,677 --> 00:51:10,525 Speaker 2: Yeah, I mean that, but that's, that's how we built 1038 00:51:10,565 --> 00:51:12,677 the things we built, and it's not just business, it's. 1039 00:51:12,677 --> 00:51:16,648 It's, it's totally personal, it's totally personal, I'm not. 1040 00:51:27,954 --> 00:51:29,077 Speaker 1: I'm not married to the woman I'm married to because 1041 00:51:29,077 --> 00:51:30,161 of me being anybody other than who you see today. 1042 00:51:30,161 --> 00:51:31,063 Yeah well, I, I love all of it. 1043 00:51:31,063 --> 00:51:32,327 Uh, last question, then, vin, is um, where should somebody 1044 00:51:32,347 --> 00:51:34,612 find you if they want to reach out to you, um, and connect? 1045 00:51:35,094 --> 00:51:35,815 Speaker 2: yeah, that's awesome. 1046 00:51:35,815 --> 00:51:38,297 Um, linkedin is probably the best, of course. 1047 00:51:38,297 --> 00:51:38,657 Just look. 1048 00:51:38,657 --> 00:51:39,557 Just look me up, Vin Carano. 1049 00:51:39,557 --> 00:51:42,539 It's LinkedIn slash V-C-A-R-A-N-O. 1050 00:51:42,539 --> 00:51:46,041 Or you can email me at V-C-A-R-A-N-O. 1051 00:51:46,041 --> 00:51:49,983 At Finicecom, you could actually email anything at 1052 00:51:50,043 --> 00:51:50,264 Finice. 1053 00:51:50,264 --> 00:51:50,744 Somebody wants to to? 1054 00:51:50,744 --> 00:51:51,744 To reach out to one of the Finiche agents. 1055 00:51:51,744 --> 00:52:06,659 If someone was interested in what the Copernic model is all 1056 00:52:06,699 --> 00:52:10,813 about, I'd love to talk about it and you know, and just spend a 1057 00:52:10,833 --> 00:52:11,316 little time. 1058 00:52:11,316 --> 00:52:14,722 Leslie's out there like crazy doing the same thing. 1059 00:52:14,722 --> 00:52:15,023 She's. 1060 00:52:15,023 --> 00:52:17,128 She's all over LinkedIn as well . 1061 00:52:17,128 --> 00:52:21,204 So, yeah, reach out to us, whether it be shipping needs, 1062 00:52:21,726 --> 00:52:25,061 business advice, logistics advice that has nothing to do 1063 00:52:25,101 --> 00:52:27,119 with what we do I'm happy to talk about it. 1064 00:52:27,119 --> 00:52:30,498 I love my business, I love that people work for me and I'm 1065 00:52:30,518 --> 00:52:33,046 happy to talk about any of this stuff with just about anybody. 1066 00:52:33,715 --> 00:52:36,099 Speaker 1: We appreciate it, Vin , and we are all rooting for you 1067 00:52:36,099 --> 00:52:36,099 . 1068 00:52:36,099 --> 00:52:38,003 Awesome Thanks, Nate Appreciate it Thanks. 1069 00:52:38,003 --> 00:52:38,224 Vin.