Attention, whomever wanted to do a lease purchase through Wil-Trans and their other companies

Sure they do. The 30% company take on $4000 is $1200. Then deduct another $1200 or so for fuel. Now make your truck and insurance payments. Then take out all the nickel and dime stuff like Qualcomm, maintenance, etc. You can easily end up below a grand.

 

Said he grossed 4000 which to me means after they're 30% take but before other deductions.

 

I could be wrong since I don't work for either company, but I can't imagine WilTrans doesn't get at least 90%, if not 95%. Again, deals like these have more to do with bookkeeping than profit.
Using a large sub carrier allows Prime to show much larger gross revenue without assets. Wall Street and banks in general favor asset light companies now. I worked for a company that did the opposite, it was a small company that booked far more than it could handle, anything they couldn't haul they subcontracted to one of the biggest. Took a couple points as a commission and kept selling.

 

I tried L.O. for a short time to get the big picture. What I found is even when you're not forced dispatch, you actually are. Tick off the company and see if it's business as usual. For a truck that averages 7-7.5 mpg, if your weekly revenue is not at or above $4000.00 for the week then you will be operating for free depending on the mileage you run. I paid .15/mile maintenance escrow, $15 for qualcomm, $15 bobtail insurance and $150 load insurance if I remember correctly. Had prepass for $30/month and IPASS is based on usage. Truck payment was $685/week for 18 months on a 2014 Pete 579. If planners send you out 800 miles for $2200 and bring you back 400 miles with a busch load for around $4-600, then broker load at 300 miles for $300 to deadhead you back into your original lane, the $3100 you're making will leave you with around $300-400 if you don't take an advance. Not much compared to working 70 hours and being in the truck the rest of the time instead of being home. Always remember, $$$ not mileage is best way to make it in transportation. Been with companies that would run you 150 miles a couple times a week just to get empty trailers and deadhead some, wheels turning and no pay = time to go.

 

While I get the idea behind "don't piss off dispatch", you absolutely cannot operate on $1/ mile.
There is no such thing as a backhaul. I ran 5 years with landstar, getting the same 70%, and never started my truck for less than $2/ mile, yet I still only went home every few months. The loads are everywhere. It's not like you're talking specialized heavy haul; it's reefer freight. They run slightly higher than dry van, so I'd expect $2.25 to start my truck there. If they can't offer that, then walk on. The only reason to run for percentage instead of mileage is the increase in profit.
Incidentally, for the guy that started this post, if you are going to do a lease purchase, then you need to understand what it cost to operate your truck. You need to take your truck payment, average cost of fuel per mile, insurance, and all those other charges so you see each week. After a couple months of running, you need to figure out your average miles per week, and divide your total costs by those numbers of Miles. That'll give you your average rate per mile just to operate. Add 5 cents per mile to that for maintenance and repair, if you're running at least 2600 miles per week. The fewer the miles, the higher you want to go with that. A general rule of thumb is $50k/ annual miles. Some years you'll spend under 50k for repairs and maintenance, and some years you'll spend more.
This isn't a week to week paycheck. It's a business. Never, ever, ever partner with a business that doesn't profit you. No company does that and survives, so you never take a load that doesn't end in profit per mile.

 

Not all leases are bad. Not all lease operators are good.