Update on truck buying and becoming independent.

Around 2000.

 

No, I don't. I'm renting it from the same company I'm leasing onto. 230 a week. Yes I know I should be buying my own trailer as it would probably cost less and I would eventually own it but 53' trailers are very difficult to find currently.

 

Uhhhgggg. Thanks. Sh-t.

 

10/4. One of the points I didn't mention is the fact that my insurance would be around 2600 a month because I have an accident in my personal vehicle. This will drop off my record in December and my insurance will be around 1600 at that point so I figure I'll at least I'd stick it out with these guys until then. I'm paying a total of $400 for insurance with them. I've only been on with the company for 5 weeks and they say that the rates have been bad and unusually off. Something they've never seen before. With everything that's happened in the last year or so I'm not surprised to hear this.

I'm not under contract with this company at least not that I'm aware of. I originally intended to go full owner op until I found out how much my freaking insurance was going to be. That's when I decided to go lease op since they pay for most of the insurance and provide dispatching. Of course, they also require 25% of the gross. But even with the insurance cover and a 50 cent per gallon discount on fuel, I'm still finding it difficult to make the numbers work at the end of the week and this is with me running my ### off. My dispatcher says I'm not but I've been driving for over 13 years so I know wth running hard is and then some. The problem is this guy is a broker and a dispatcher at the same time so he's playing both sides of the field which makes it difficult to put a bead on him. I don't know if he's playing me or for me. In my gut, I feel he is playing me.

You said I'm leaving too much money on the table which tells me I need to do the math again. I need to be aware of exactly what I'm leaving on the table which is something I have not done. I mean I know what I'm taking home and what my gross is but not what they're getting out of this. If the insurance and the fuel-saving turns out to be nothing in comparison to what they're making on this deal then I will have to consider other options.

 

10/4. Good stuff. The rates per mile are $2.80 to $3.70 per mile. That's not the problem it's the fact that there are such short runs. Justin to Houston 296 miles pay's $862. Fuel $127 @ 6.5 miles a gallon and $2.80 a gallon$2.91 a mile before fuel. $735 after fuel taken out. Here's another example. Jewett to Rhome 163 miles pay's $562.50. Fuel $70 @ 6.5 miles a gallon and $2.80 a gallon $3.45 a mile before fuel $492.50 after fuel taken out. This is calculated after their 25% is taken out so it's actually around $750 starting out. A lot of these runs end up taking up most of the day because of how long they take to get you loaded. We get no demurrage and then were deadheading another 150 miles to the next load.