Hi I'm almost embarassed to ask this but I have no idea how to set our rates to be profitable. My husband has hauled fuel for a while in the Midland TX area and has decided to buy a truck and operate under his own authority. It is my understanding that a leased owner operator makes twice the pay of a company driver and an independant common carrier with own authority could make twice that of an o/o. We have inquired direct with clients who he ran fuel for as a company driver and they are all eager to get started as their is a shortage of drivers here but they say send me your rates and we have no real idea how to set them. I have looked at rates other people mention but they seem real low for what other command here in the permain basin. We don't want to price ourselves out of jobs and we don't want to price ourselves out of making a living. What info can you give us being a carrier who doesn't have to buy the fuel at rack. would you be willing to share your rate sheet?
Determining Common Carrier Rate fuel hauler
Discussion in 'Oilfield Trucking Forum' started by Rasheedab, Dec 6, 2014.
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We don't buy fuel at the rack we just access it from the customers acct so no cost for the fuel we deliver. I would be okay with accepting the rate the company is offering but of the couple clients we have relationship with they ask us for our rate sheet and haven't offered any rate.
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Better get a insurance quote first, Bulk Liquid Haz Mat Ins is expensive
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what do you mean buy the rates seem low? have you all even priced what it cost to lease a tank or buy. i know some owner ops in OK that on a 170 mile one way run make around 600$ but they are leased and get payed %. what kind of fuel hauling do you all plan on doing (rigs, compressors, frac jobs, gas-truck stops) its a cut throat busn. for a one truck person unless you are leased on to a company.
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by seem low I mean that rates people have posted on the site that they receive are less than what a company driver makes hauling hazmat here in my area where oilfield is king. I'm sure the common carriers operating under their own authority must gross more as they can afford to pay company driver $23-$27/ per hour plus benefits for doing the work he currently does. He generally drives an average of 400 miles per day delivering 2-3 loads of fuel. @315wheelbase it is mostly gas-truck stops
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Start with what is costs to put that truck on the road, first estimate your mileage for the year by past work and break the annual (estimated) costs from that mileage. Your insurance will be the most, then your maintenance, fuel for that mileage using worst case mileage, then other insurance needs, and then driver's wages (gross).
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Indeed...definitely price liability over 5m and hazmat. Hope you have a track record too or the quote is gonna hurt.
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@chalupa do you mean track record as a contract carrier? If that's what you mean we don't as this will be our first time establishing a trucking company or receiving insurance. As en employee he has handled hazmat for years but even as I am typing my reply I know that's not what you mean oh well......guess we gotta get ready to bite the bullet
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