STOP TAKING CHEAP FREIGHT YOU IDIOTS!!!!!

Discussion in 'Expediter and Hot Shot Trucking Forum' started by wildcoyote, May 30, 2022.

  1. Rubber duck kw

    Rubber duck kw Road Train Member

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    One guys profitable rate level is not even break even for the next guy. All these guys crying about cheap freight when are 3 to 5 dollar a mile legal loads all over the board yet are in for a rude awakening.
     
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  3. bumper Jack

    bumper Jack Heavy Load Member

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    I’ve got a question. I’ve always wonder why hotshot guys don’t buy a single axle tractor. It would seem like it would be better than a 1 ton or a 1.5 ton truck. What am I missing here?
     
  4. wildcoyote

    wildcoyote Light Load Member

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    Bump it to 150k total and 120k loaded. The total loaded mile is $2.38/mi. Let's do the math on the time of that though, 150k in 50 weeks (two weeks repair or downtime is 3000 miles per week, assuming you are long haul this is easy, at 600 miles per 5 day work week as you will have to do a restart. My biggest catch is loading and unloading, I've been stuck at shippers for 5 hours+. This is a very normal occurrence in flatbeds and all facets of the trucking industry, your time is not worth anything to a shipper or receiver. Although my curiosity comes as to how you're going to drive and still have time in that 14 to repeatedly do that every week, I know in the real world unless you can make some unload and load time "disappear" it won't happen.
    Mind this though, you're still making 75k a year living on the road, I might as well go work as a portable welder and make 3 times that if I want to be on the road and away from my cows, dogs, wife and family. This is all giving up my other incomes as well, which amount to more than that 75k. For me, this wouldn't be close to worth it. 75k is realistic with 75-90k miles in total makes sense for an O/O. I think we can agree on that.

    Some very good brokers have worked with me in these situations, but I have an addendum I now send that spells out TONU and detention as I am seeing a lot more brokers have no detention or TONU pay on the rate con.
     
    Last edited: May 30, 2022
  5. wildcoyote

    wildcoyote Light Load Member

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    Understood, I have two trucks, but this is the breakdown for the pickup only with no expenses of the semi. I have to pay myself as I use the excess income to cover purposed investments in other companies to lower tax liability. Don't worry, my taxes are completely different than what I spelled out here, but this is for the guy that just started or is interested and thinks he will net 200k in his first year as a hotshot based on youtube, LOL. You still pay business taxes (which at 20% with Trump was fantastic,) but they are looking to raise it. I understand your point, I'm just trying to spell this out for newbies or the uninformed.
     
  6. wildcoyote

    wildcoyote Light Load Member

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    You're right, although my case is different, I do semi loads with a pickup on a 53 step, light loads but tall or wide. That pay is 7-8 per mile, but that then makes the pickup cheaper than the semi to operate on that basis. Otherwise, I do own a semi 1999 FLD132, it will be doing the real work. You ask the same question I have been asking since I started. A single axle fl60 or something is cheaper than a new pickup and lasts a lot longer.
     
    Last edited: May 30, 2022
  7. wildcoyote

    wildcoyote Light Load Member

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    I'm just breaking down the numbers as I'm seeing and meeting a lot of newbies in the industry taking freight for under $2/mi. I'm not sure they know what their cost really is. I'm just trying to help, but I'm also pointing out to the few brokers (attempting to) that troll around what a real breakdown cost is for HS. I see a lot of HS loads that are 40ft 16k lbs and pay under 2, I'm sure they will fail eventually, but they can't keep doing that and stay in business. When the freight rates drop below cost and wages, I park and wait, then will be making larger profits on my other businesses. It's all about utilizing experience and skills in a marketplace that you can sell to the highest bidder.
     
  8. wildcoyote

    wildcoyote Light Load Member

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    $2.6 per mile assuming 100k miles loaded and 20k empty totaling 120k miles. For the same 75k in pay, you do realize the wages per hour you suggested are paying at McDonalds in Traverse City, MI. You're welcome!
     
  9. bumper Jack

    bumper Jack Heavy Load Member

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    Then go to work at McDonalds. Problem solved. You’re welcome.
     
  10. wildcoyote

    wildcoyote Light Load Member

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    Again, this isn't for me, this is to help new drivers. I make plenty to provide for me and my fiancee and then enough to purchase retirement. I definitely would lose money working at McDonalds, I was merely pointing out that the wages staying the same on that extra mileage doesn't make sense, but when you raise the wage you raise the rate. That's all my point was, not trying to offend you, just trying to point out reality.
     
  11. bumper Jack

    bumper Jack Heavy Load Member

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    The long and short of it is this. You are running a hot shot truck off of load board freight. There is only so much you can do with that.
     
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