Truck Load Rates Halt 8 Week Slide 2.0

Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    It's definitely one metric. Especially when you consider how much the average lawyer charges per hour ;-)
     
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  3. Long FLD

    Long FLD Road Train Member

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    The gray area is how it’s used or to be used when out of hours and unable to park at a shipper. Driving for food or to go do laundry or any other reason you can come up with to drive your truck and not advance towards or advance the current load is mostly cut and dry. Lots of this has been around since before ELD but was rarely used on paper because well you could just draw your line however and it didn’t matter what you did. Sort of like the 150 mile ag exemption. That was part of MAP21 but nobody used it until ELD’s because we didn’t have to.
     
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  4. Brettj3876

    Brettj3876 Road Train Member

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    And what night bingo is
     
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  5. p608

    p608 Road Train Member

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    Wednesday
     
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  6. Scooter Jones

    Scooter Jones Road Train Member

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    @TallJoe back to the hourly rate to the truck metric. I also like to break it down on what some of the lease-on, running under someone else's authority as a 1099 sub-contractor looks like.

    For instance, someone says, I'll put you in one of my trucks as a 1099 sub, I'll keep you rolling and you'll gross 100k dollars a year, give or take depending on everything going just right. Of course, we all know it never does.

    That on it's face, sounds pretty decent, except when you take into consideration you're expected to run out your 70 hours every week and take your 34 hour reset on the road, interspersed with a few 34 hour breaks at the house. Including maybe 2 weeks of vacation throughout the year.

    Since the 100k is cut down to 90k by virtue of the additional tax liability alone as a Schedule C filer, is the 90k a year (optimum potential) that great when you consider having to work a minimum of 3,500 hours a year to "earn" that?

    That looks like $25.71 an hour (more or less) for working that much every week, being away from home for weeks on end, etc. Not to mention the assumed liability by virtue of being categorized as an independent contractor, with no benefits.

    But like they say, to each their own...
     
  7. Scooter Jones

    Scooter Jones Road Train Member

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    I remember passing a Catholic Church is Elmira, NY years ago. The name of the church was Holy Spirit Catholic Church, or something like that.

    Anyways, they had an events announcement sign sandwiched in between the top & bottom: Holy Spirit at the top and Catholic Church on the bottom. On the announcement board it read: BINGO TONIGHT!

    The way my brain processed it was: HOLY SPIRIT BINGO TONIGHT! LOL
     
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  8. TallJoe

    TallJoe Road Train Member

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    On the other hand, philosophically speaking, the nature of this profession is not the same as others that are on the hourly metric but there are some that are somewhat similar which use it... say crane operators or road construction workers. They are also often delegated to work on construction sites away from home and spending nights at hotels - I am not sure how they are paid...maybe it is per contract or per hour wage but in either case it reflects the away from home factor. If it's contract then it should reflect the number of days away from home (maybe it just per diem) and have some formula to encompass number of working hours.
    Perhaps, for an OTR owner operator, something like gross per day to the truck would be a better metric, which in fact is the same as hourly metric too. It is all in theory, what you gonna get paid is market depending but it would give you at least a sense of accomplishment, if say, your minimum daily rate is say $1000 and you worked 200 days away from home and would end up grossing $220 000.
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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    My 30 year old son-in-law grosses about 85k a year as a railroad engineer. He has unbelievable benefits, including retirement, health insurance, paid vacation, etc, and is home every night!

    That includes FREE babysitting by grandma & grandpa while he and my daughter are out chasing elk like they are this weekend :)
     
  10. Scooter Jones

    Scooter Jones Road Train Member

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    Oh yeah, that's right, OTR trucking is a "lifestyle." LOL
     
  11. TallJoe

    TallJoe Road Train Member

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    I would not argue with that. Many guys don't have strong "home" attachments.
    I mean, like merchant sailors. The have wives, kids and ...homes but when they spend more than a month at home...they start longing for sea and sailing out. I'd say here's similar.
     
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