http://detroit.craigslist.org/mcb/trp/3374965151.html
This just doesn't seem right.
$1.75 loaded and empty, on their authority, on their trailers, with their liability and cargo insurance, just doesn't sound right at all, or am I wrong? If this is legit, I'd go out and buy a truck TOMORROW.
Your make of this CL ad?
Discussion in 'Ask An Owner Operator' started by BoyWander, Oct 30, 2012.
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Seems low to me.
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Sounds low, when most companies needing O/Os are paying .90 - $1 a mile plus FSC?
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Less than $2.50-$3.00/mile and you're gonna fail as an O/O, from what I can see. With increasing fuel,insurance, and liability costs you need better money than they are offering.
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you're out of your mind.
4,000 miles a week would cost me about $3,250 with that program I mentioned. And that includes fuel, truck, maintenance fund, everything, except driver pay. Take $7,000 gross, and minus $3,250, you get $3,750. I could hire someone to drive the route every other week, pay them $1,500 on a 1099, and still make $150k for the year, minus time off for repairs.
So that's why I am thinking that ad is not legit. -
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nothing wrong with paying someone as an I.C. if they are willing to contract out their services.
In my opinion, every worker should be considered an I.C.EZX1100 Thanks this. -
1.75 on everything is kind of low but at those percentages it is probably in the ballpark of what you will make. It says they will supply insurance - does that mean they are paying it? Also, when you play the west coast game, generally the loads going out there are so low paying it is barely worth hauling. The gamble is that you will get a fat rate coming home. I prefer to not drive away from the house on a hope and a prayer that on the return there will be big dollars there. There is way more money to be made in the east coast anyway. The freight density is way higher and it is less of a gamble. Plus, if the poop hits the fan at home you aren't 2400 miles away.
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I believe on someone else's deal like this you pay all your tractor insurance coverages (the liability and cargo coverage is just for the trailer), all fuel costs, etc on tractor, (check and see if they use the rebate plan or what, one deal I saw was they used the Schneider fuel program which I guess means they get a discounted price on the fuel cards). You will most likely pay a percentage for brokerage fees or their providing the loads for you (this can vary as to what they figure according to what plan you go with), of course there may not be any fees either. You may not have to worry about the IFTA taxes if you are on their own authority.
Providing your own truck will be weekly payments anywhere from $500 and up, insurance runs about $220 per week (less or more).
Figure if you are running solo runs, you may get only 450-500 per day if you sit and have to wait, esp if it is a live load/unload.
Check it out though it maybe a good deal, according to how they are running, if it is a circuit run where you have a trailer to drop and hook onto, or have to wait for a trailer to be loaded/unloaded or what. -
he thinks hes going to run 4000 miles a week with an unknown carrier LOL!
and also you must pay for liability insurance, unless its a lease...
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