Bidding on Coyote -UPS peak event

I bid on the Local portion on this years seasonal peak season moving loaded trailers drop and hook with an estimated 10 hour day returning to start location this is not my normal work but I decided to throw a number at it that would give me some extra night and weekend work and be more than I would make doing my regular work.
There is 2 rounds of bidding for each section of work and after the first rounds they tell you with a Green,Yellow or Red banner how your bid compares to the lowest bid they have.
Green means you are within 10% of the lowest bid
Yellow means you are within 10% to 25% of the lowest bid
Red means you are more than 25% of the lowest bid
I am in the Red category and very happy to be there and have no intention of lowering my price on the second round.

Has anybody bid on this before and what was your experience with doing it, did anybody get work in the Yellow or Red category, I am never going to try and be in the bottom 10% of earning.

 

I have had almost 200 views and no comments
Somebody has had to have bid on this before but for those of you that have not a little more of the story,
they ask you to bid an hourly rate and a per mile rate based on a 10 hour day and if your milage for the day exceeds your hourly rate you get payed the per mile rate.
I bid a rate that I will get paid more if I exceed 280 miles since they are going to return the truck to its starting point and I'm near San Diego it will be very difficult to do 2 round trips form San Diego to Riverside or up the 5 into LA and stay under 10 hours.
I got a Red Banner for both my hourly and milage rate I don't know if they are comparing my bid rate to other people in the southern calif region or nation wide but I'm going to guess they are going to try and scare bidders into thinking they have too high a bid based on the lowest bid by cheapest starving newbe running an old truck. the current price of fuel in San Diego is over 4.10 a gallon so my cost running new calif legal trucks is way Higher than most other places.

 

I did not want to post it because I thought I may violate the agreement with them I would have to go back and read all of my documents to make sure that I would not be in trouble some how.
I have been signed up with Coyote for a year and have not done 1 load for them as you say just to cheap I have done 2 lots for Schneider and they were too cheap also but I had a few days with a truck sitting so I gave it a shot.
while I do not yet feel comfortable discussing my exact bid I will say this the super 10 in my avatar makes 115 per hr and it takes 10 minutes to remove or install the dump box and it is a 5th wheel tractor with a 220 inch wheel base, so my bid hourly rate is more than 115 hr I get every day or why bother and they ask how many trucks you will commit to the bid I have 5 trucks and I will only commit 1 to them.

 

I hope to gain knowledge,while I have owned trucks for 33 years I have run only construction type work and run regional only as well.
I have been reading this forum for years before joining but I don't remember this being discussed and bring this up for discussion could not possibly makes rates lower it may in fact help me or somebody else negotiate for more money and if you can not negotiate a higher rate with a shortage of trucks this severe you will never be able to.