Fuel Surcharge

Why sure it adds up.....92 per mile PLUS .42 fuel surcharge equates to $1.34 per mile......Sounds right to me pulling a Dry Van Leasing your Truck to someone

Keep in Mind..The Carrier you are leasing To Is Only Getting around $1.70-$2.00 Per Mile from their customer....Yep, They Keep Around 30%

Not Fair? Go start your own company and dont lease your Truck to anyone



(Keep in Mind.....the Carrier You Lease To Accepts the Liability responsibility and,Freight clasims-etc..NOT YOU, Plus They probably File your IRP-IFTA too)

 

Consider the carrier is providing the trailer and plates for free. Well, sorta, they are offering a low rate and therefore you are indirectly paying for the trailer and plates and a healthy portion of the trailer maintenance as well.

 

If you are driving a truck that you got for free, never requires oil changes, never needs repaired, will never die, always gets 10 mpg or more, your carrier passes whatever fuel discount along to you, THEY PAY ifta, irp, insurance, permits, tolls, nyhut, ky wdt, nm wdt, oregon tax, ucr, 2290, then yeah, you could make more than you would as a company driver.

 

There is no one Fuel Surcharge that everyone uses. Every company can use their own formula and the actual amount changes weekly depending on the current cost of fuel.

Fuel Surcharge is usually calculated using a formula that requires a cost baseline (often $1.20 or $1.25 is used but it could be almost any amount), the average miles per gallon (company’s usually use their fleet average), and the current cost of fuel, usually obtained from http://www.eia.gov/petroleum/gasdiesel/ (some companies will use the national average and some will use a regional average if the load is regional).

You need to find out from whatever company you are looking at leasing from to see how they figure their fuel surcharge.

There are apps or web sites that will calculate the current fuel charge for you (OOIDA’s is at http://www.ooida.com/OOIDA Foundation/Tools/formula.asp) but you need to know what the variables that your company is using to find out what the current FSC is that they are paying.

 

You should probably ask this in the “Lease Purchase Trucking Forum” sub-forum instead of the “Ask An Owner Operator” sub-forum, that’s what it was created for. All you are likely to get in this forum are the “All leases are scams” responses.

You can also check in some of the company sub-forums under the “Motor Carrier Questions - The Inside Scoop” sub-forum to see how lease operators in particular companies are doing. Contrary to what many posters will tell you there are big differences between different leasing programs so you really need to look at individual programs to get the answers you are looking for. There has been lots of activity in the John Christner and Schneider forums in particular lately and there are also a few threads under the “Discuss Your Favorite Trucking Company Here” sub-forum from some lease operators running for ACT.

 

It's going to depend on what you're hauling. With those rates I surmise you're going reefer or dry van.
Personally I wouldn't get out of bed with those rates. As an O/O I haul chemicals/tanker and make darn sight more than that, but I'm paid revenue/% based on the gross rate of wherever the co negotiated. The FSC is a % of the gross rate too. It can vary from 25-35% just depends on the customer. I get 100% of the FSC, or so they say.,
so yes you can make money but again, not everyone is making the same.
Comes back to my opening statement.
Good luck

 

If youre talking about PTL its .92 and .47= 1.29

 

Actually that's about standard on a lease purchase deal. Some pay a little more and some pay a little less. If you want to own a truck, your best bet is to go out and buy one. Your payments will be a lot cheaper and your top end full cost will be a lot less. With good credit, you can get a 0 down deal pretty reasonable. If its Fair, figure on 25% down and if its poor, figure on 50% down.