I been an O/O for years, but since the crashing of the oilfields,my business and my credit have taken hits. I've been driving for 15+ years, my oilfield truck is too heavy and too old(even with a recent inframe and warranty(Cat 3406E)
I have 0 CSA Points/0 Accidents/0 Felonies/0 tickets+Retired from the US Navy
or outside Financing-Wholsale Truck and Finance,LoneMountain,Otr leasing( I have a Down Payment)
I have a few options in my court 2 companies
Cowan Systems:
2.6 years full ownership of truck
2013 Peterbilt 384, 375,000 miles,10 speed,paccar 455 hp, goverened to 70mph,Thermoking Apu,Omnitracks
- 3000 miles @ $1.09 per mile (includes line haul plus current FSC) = $3,270
- Fuel = Estimate $ 882 (Current net fuel cost including discounts $ 2.00 per gal) ***3000/6.8 MPG = 441 Gallons**
- Truck payment = $533 (Pete 384 $471.50 – QUALCOMM $13 – APU $48.50)
- Maintenance and Security escrow deduction = $300 (.10 per mile)
- Miscellaneous business expenses (insurance, occupational accident coverage, tags, 2290 tax form etc.) = $185
- Net take home = $1,370
- Just unsure of how they dispatch?
Or Crete Carriers:
18 Month full ownership
2014 International Prostar+,10 speed,N13 Maxforce,APU,No Governor,Qualcomm
(and I'm a previous maxforce owner= been thru the whirlwind of issues on a 2012)
Income:
Loaded Pay - Ave LOH 600 = $1.12 pm $ 2,989
Empty Pay - Deadhead @ 0.86 cpm $ 200
Surcharge (loaded miles only) ave 0.22 $ 587
Ira Contribution $ -
Total Income $ 3,775
Operating Expenses:
Truck Payment $ 350
License, Permits *** $ 31
Physical Damage Ins ($1,000) $ 44
Bobtail Insurance $ 9
Workers Compnsation $ 42
Cargo Insurance $ 3
Qualcom $ 9
Short Term Disability $ 7
2290 -Highway Use Tax $ 11
Variable Cost:
Fuel - 23178 Gal's $ 1,055
Based on 6.8 MPG & - $2.368 PPG
Fuel Tax $ 10
Total Business Expenses $ 1,572
Net Trucking Cash $ 2,203
Personal Expenses:
Health Ins - Single $ 111
Dental Ins - Single $ 4
Vision Ins - Single Exam & Materials $ 1
Net Cash $ 2,086
Maintenance account 0.12 cpm $ 348
Total Net Cash $ 1,738
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Entertaining a L/P
Discussion in 'Lease Purchase Trucking Forum' started by Utahtrucker, Aug 13, 2016.
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So you wanna run for 1.10 a mile? Good luck to you...
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What is up with all of these minimum wage truckers?
12 ga, Western flyer, freightwipper and 3 others Thank this. -
You say your an owner op before. From my understanding you still own a truck but can't lease it some places due to age. If you really wanna lease it somewhere look harder or sell it and upgrade.
You should know working for a company that has company trucks and o/o you won't make it. Piss off the wrong person you get 0 miles. Working for a 1.12 you better offer working at mcds ....12 ga, ramblingman, freightwipper and 5 others Thank this. -
I still can figure out why an o/o will work for $1 mile unless they are paying for the fuel, insurance & pulling their trailers. It doesn't add up for me. To each his or her own.
ramblingman, driverdriver and sliver Thank this. -
Why not just be a company driver for awhile. As a o/o it seems ridiculous you'd even think about running for $1.12
12 ga, ramblingman and driverdriver Thank this. -
No way never be a Company driver again. and 1.12+fsc,I can make money with., that would be thru the crete lease program, but I have other options too. I could go down to denver pick up the 2010 pete 387, strap it down with enough warranty and run for 1.57 mile+. just hoping the 2010 isx wont take a crap off the starting blocks!!
378z Thanks this. -
12 ga, Pintlehook, bzinger and 1 other person Thank this.
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1.12+(fsc) .19cpm@ 3000 miles per week=3930- fuel1000.=2900- 500.00for truck payment and ins
roughly 2000.00 a week in a perfect world.
If you have a suggestion post it,378z Thanks this. -
And we wonder why rates are in the toilet
VWjunkie1345, 12 ga, ramblingman and 6 others Thank this.
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