Trailer Rent?

Vans are 65%. Flatbeds are 73%. Stepdecks and specialized are 75%. Drop & Hook is 70%

 

Buchanan Hauling & Rigging pays O/O's 68% if you pull their trailers and 73% if you pull your own trailers. Most of the guys wind up pulling company trailers for the 68 % because you can stay busier being able to drop loads, switch from flat to drop to RGN, etc...

 

We sell our trailers on a 36-month or 40-month finance term depending on age of trailer. Looking at about $90/month including insurance and own the trailer at end of term. Our guys are on percentage, 87-90% of gross.

LS rent is very high. On $3000 gross a week that is over $800/per month. At those rates they could make money just on trailer rent. Amazes me how many people never do that math.

 

What if a small business owner has 3 trailers. Rents them out for 250-300$ a month per trailer...if my math is right that's $10,800 a year to the owner just off his 3 trailers that's money in the bank. Is that selfish?

 

No offense Bill, but your selling a $3000 trailer, that is a far cry from a brand new dry van with skirting to pull, along with all the drop and hook opportunities. Once you've been at LS a year, they'll finance a brand new trailer for you at 8% interest as well.

Let's do math here too. Rollin takes a 1,000 LS broker load. LS agent takes a minimum of 20% off the top. $800. You take 10% of that, so that leaves 720. He would make more at LS, and that's saying the agent only took 20% and not more.
At 90%, are your guys paying cargo and liability or factoring fees?

 

It's real easy to rent them out. The hard part is getting paid and getting the trailer back in the same condition that you rented it out at.

 

Couldn't you just take it off their check?

 

Yeah if you're the one paying them. $300 a month would not be worth the hassle unless the operator was paying maintenance and the trailers were already paid for and cheap in the first place.

 

I guarantee you there are very few LS o/o pulling a L/S dry van getting the rates to their truck that I am. I just did a 2 pallet 1,000 lb LS load with 469 odometer loaded miles that paid $4.05 gross, by the time my empty miles were factored in and Bill's percentage came out, it was $2.78 a mile to the truck. I've been pulling rates like this for weeks. I'll put my numbers up against any Landstar driver pulling their dry van, come out above most of them, and also against many of their flatbed/stepdeck drivers as well. So Bill got his percent, and LS took their 10 or 20 or 30 or 40 (not that I care what they made) and I ended up running some crap freight that no LS driver would haul..