I agree. Is the bonus a guarantee? Don't count on that until its paid than look at it as just what it is a bonus IMHO.
Thoughts !! Is this a good Mileage Contract ?
Discussion in 'Ask An Owner Operator' started by US MARINE, Jul 15, 2012.
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Here's a few I found to compare with ( mileage ) and mine is over all .. I'm not thinking of one of these companies I'm more on line with percentage if it makes SENCE ..
Swift 0.95 L - 0.91 empty
SNI 0.95 L - 0.90 empty
ACT. 1.00 L ( with Haz ) - 0.90 empty -
The bonus is conteigent on safety only : no mileage thing : So
no tickets
no accidents
no CSA points
But I agree I just count it as what it is a bonus .. I don't base my income off it -
Man makes me wonder how those guys leased with the new trucks are making it with what I would guess are high flease payments.
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Truck payments are huge in those LP deals .. II'm not a LP guy I own my truck out right but here are a few payments I found ( these are rough averages )
SNI - 580.00-625.00
ACT same as above
@ 0.90 you have to get 2500 every week 52 weeks a year to make a decent living . Most LP purchase payments are based weekly and not monthly so it's 52 weeks and not just 12 months like regular financing . Some of these companies ( no names ) make more selling trucks than moving freight -
Thise are base rates I posted , you'd have to add FSG I think that Swift only pays FSG on loaded miles only ..CRTT Thanks this.
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what about Great Wide?
3 years ago they were advertising 1.01 + fsc -
I was just telling the ones I know . Really just trying to compare my contract to see where it ranks
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I am on a very similar contract as you are there US marine. My base is 1.25 and FSC is a sliding scale based on the price of fuel. With all my incidental pay plus fsc added to the base rate I am averaging 1.45 to 1.50 per mile. Keep in mind that I am with a Canadian company and the FSC is a little different system to the USA FSC system. My expenses are the same as yours except I dont pay any bobtail insurance. I pay fuel, IFTA and maintenance. Also all the personal taxes etc. I am finding it is working good as a way to get started as an o/o. The company has lots of work and I am happily rolling along making a decent income.If you are happy with the income and they have the loads to keep you moving consistently then you are doing good. I like that i am not worrying about rates or deadhead etc while I am getting to terms with being an o/o. We have percentage based o/o's at our company and they are not doing so good lately as we have lot of deadhead that they must eat the cost of whereas on the mileage pay we get paid all miles. The percent guys are not making enough on the current southbound loads either so its a bit of swings and roundabouts. Being percentage is not the best if the company youre hauling for is not getting good paying freight for all your loads and has lot of deadhead. Being Canadian produce haulers we generallly haul whatever we can that is going to get us down to the USA then there is usually about 400 to 600 miles deadhead between loads when we unload in the USA then go get a reload of produce northbound to come back to Canada. Plus the deadhead in canada to get from calgary or regina back to winnipeg if they want to come home is more deadhead to eat the cost of. It is what it is and if your happy with the income then youre doing good. You are doing a bit better than me with youre cpm so i think youre on track as far as a decent contract.
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And your experience with this is what exactly? You're nothing but a blowhard wannabe that couldnt find his butt with both hands. Go back to holding your steering wheel and leave the real job of running a truck to the big boys.ralph Thanks this.
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