Saw an ad on the local Craigslist a few days ago looking for a couple of owner/operators with 1-tons to haul non-CDL hotshot on 30 footers. Guy I talked to today about it was asking for $200/wk for insurance on top of the $70 for the trailer rental. Then he takes 20% of the linehaul and I'd have to buy all my own flatbedding supplies (tarps, ratchet straps, etc). He said 1999 truck with non-ELD keep truckin' or even paper would be fine.
Sounds steep to me but, thoughts? Small outfit...6 or 7 trucks maybe. Says most of his guys go out for the week and come home for the weekend. Sounds like there's nothing down required for the trailer and can walk away any time if it isn't for me. He has Comdata cards and a full time dispatcher. I played with some numbers assuming a few...assumptions. $2/mi average, 11 mpg at $5/gal, his $270/wk. Say you grossed $4,000 for the week on 2,000 miles. Call the fuel 25% so that's $1000...maybe a little pessimistic but lets stick with round numbers for simplicity. His 20% of the linehaul would be $800 plus $270 for the insurance and trailer rental. Let's just say you'd be left with $2,000 after expenses. By comparison with own authority you'd easily be paying around that same amount per week for the insurance (maybe a bit worse) but would be getting 100% of the linehaul, so...how's my math on this?
I also called Horizon Transport in Wakarusa, IN. They were leasing new 53' Shipshe trailers for $600/mo but wanted a refundable $2k deposit, required ELD use and also said a 2000 F-350 was fine but a 1999 wasn't (lol, it's the same truck), so had to cross them off the list. They also wanted a 6 month commitment so not exactly a walk-away deal. They also sell used ones outright but do not offer financing and I am really not in a position to do that right now. Much more expensive trailers than hotshot flatbed too.
lease-on deal I was looking at
Discussion in 'Expediter and Hot Shot Trucking Forum' started by Brandonpdx, Aug 24, 2022.
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a lease deal, is a lease deal, is a lease deal, meaning the company makes out first.
don't matter the rig, 18 wheeler or hot shot, it's a lease deal
you're going on "assumptions", not actual facts.
one fact, do they sit before the next load?? and how long is that gonna cost you.??
can't you do it on your own..??
then you'll know the real numbers, not assumptions?Another Canadian driver and Lite bug Thank this. -
Lets labor under the assumptions that I don't have huge bucks in the bank to buy a new trailer or even a nice used one, and don't want to sign up for payments to finance one and don't really have the experience or stability right now to feel like it's a good idea to try get my own numbers. Looking to get my feet wet pulling a wagon of some sort rather than going back to the power-only RV hauling. Been there done that.
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As long as you can walk away from this it might be a good place to learn the industry.
Doubt you will get 11mpg unless you are hauling feathers.
Don't forget maintenance and breakdowns.Tekna, Another Canadian driver, Lite bug and 1 other person Thank this. -
Another Canadian driver, Lite bug and buddyd157 Thank this.
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Last edited: Aug 25, 2022
Another Canadian driver Thanks this. -
MPG was a guess. I used to get somewhere in the 10-12 range pulling RV's which are pretty bad with the high profile and frontal area dragging through the wind. I have considered doing a ring and pinon swap to 4.10 or 4.30. The 3.73 ratio is the one bad spec on the truck. Fuel might not be $5 average either now. Maybe call it 10 MPG and $4.50 fuel. It's going to be somewhere in that ballpark.Last edited: Aug 25, 2022
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