New Career in hot shot!! HELP PLEASE!!

Not a very good rate for you 1.53 a mile, odds are good you'll run empty back that's not but .77 a mile you can't pay for a truck and trailer with that.
My first year I had lot's of bad paying loads like that. But you leasing to a experienced carrier should get you better money.
Them taking 20% and not supplying part of the insurance seems like a lot.

 

I've done some of the math, and it seems ok. They were gonna put more on, but this company pays for dedicated loads. The figures look ok. My loaded running cost with my food, lodging every other night or so, and truck, trailer, insurance, and 25 dollar a day maintenance fund comes out to .54cpm.My take home from this run should be .99cpm clear unless I'm missing something major. As for deadheading my dispatcher is looking for another load. Of course they all will vary, I did notice something tonight that I don't like, they had a cost on the BOL that was 100 dollars higher than what they say its paying, and it's very neatly whited out, I will ask them about that tomorrow. Now someone else was slated to haul this load and it was sitting on his trailer at the shop, but the pickup was about 25 miles away, plus we had to unload his, load mine, and strap it. Anyway please keep the advice coming it is greatly appreciated. My main goal here is earning, learning and experience, and if I have to make small compromises on one of the three so be it, I am not indentured to these guys so I can always change stickers!

 

By your statement the load pays 1.90 a mile before they get a cut. You will learn to figure unless you have a round trip you're coming back empty.
So divide money by 2 that's how I came up with the 70 something a mile. Also figure your cpm at .80 you'll find it's better to over estimate than under estimate.
Also check your miles yourself with pc miler or a like program. Google map is ok. Most places will try and short mile you (cheat you) No one on earth drives short miles. In about 6 months you will see I've told you about right. read the this whole post here
http://www.thetruckersreport.com/tr.../179889-hot-shot-auto-transport-hot-shot.html
There's other folks that will tell the same thing about gary and the sad part about it is there's a bunch of these snake oil salesmen out there, getting guy's to buy a hotshot setup knowing the only one that's going to make money is the one dispatching. Most of these hotshot haulers quit in a year or less, that's why I offered to let you pull my extra trailer for a while at 13-18% to see if you liked it. After the new wears off things will look different to you.
I turned a load back in to broker monday paying 2.23 a mile cause it doubled in weight 5000 to 12000. I could haul it but at the slim margin I didnt see it as worthwhile going to houston.

 

I forgot your name, I apologize for that. I really appreciate your advice also, the company doesn't pay by the mile, they pay by the load, now best I can tell they will hustle to get me back on the road fully loaded. The lady doing my dispatch had a car lined up going from Denver to Texas somewhere but it fell through. In my 41 years on this earth I have become a fair judge of people and they seem genuinely good. Also best I can tell he has most hotshots running his equipment and they don't give a #### about it, and none can get a passport but they are working on cCanada work that pays real good and I have my passport! I can drive out of here tonight so it's not like they own me. I do appreciate your advice and your offer I just figure the closer I can get to my own authority and learn the better off I will be. I'm not sure if I said this in the above post but I am here for three things, to learn, to earn, and experience, and if any of the three suffer I am ok with that. I am pretty financially stable from 12 years in the thankless oilfield, and 14 years thankless construction, I was and still am a welder, iron worker, radio tower tech, I did some plumbing, I did concrete, I worked summers with my uncle building houses when I was 14 and 15, cut grass before that. Like a trucker told me today my momma raised an ####### not a fool. I will send you my number I would love to talk more anytime, I'm going get my ten off, goodnight!

 

My last load of cars , 2 pick/drops paid $4.00 pm.....

 

Have you been doing this for ten years? I thought this was you here: http://ltlhotshot.myfreeforum.org/sutra32312.php&highlight=#32312 guess I could be wrong but you say that you were just starting up. Maybe this is someone else but with the same truck and setup?

 

You are correct, my father and I started the business recently together and he wanted to document the progress to help newbies. I have way more experience than just 5 or 6 months....Though, I have nothing to prove here, I do have the experience in the industry. Please don't try to sharp shoot me. From what I understand, you have had a bad time with Gary's crew, if someone has burned you (as you have said in your other posts), there are other ways besides bad mouthing them. In this industry, when you burn a bridge, you never know, you may have to cross that bridge again. It is just not good sport running around with a chip on your shoulder. People tend to turn away from people like that.

 

Solid advice! If you have issues with someone, go directly to them and work it out. You stay friends that way. The world is a lot smaller than you think! Willpower, If you had a bad experience with someone then guess what? YOU are also partly to blame. You had the choice to work with them and you chose to do just that.... If things turn bad, move on, but don't get caught up in bad mouthing someone. In the end it just makes you look bad.

 

Not quite true, we see. makes everything you type doubtful in the eyes of most.

 

I feel bad for you thinking that you have to kiss up to people like Gary... btw ive never heard of anyone having gone anywhare with him.