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What's the going rate for an o/o

Discussion in 'Ask An Owner Operator' started by Cabtom68, Jul 6, 2017.

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  1. Jul 6, 2017 #1
    Cabtom68

    Cabtom68 Bobtail Member

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    What's the going rate for and o/o
    How much is good money to sign on with company,reason why I'm asking this is my first time as an o.o and thinking about getting leased to a company (regency) they paying 1.15 a mile is dat good someone please help me is this good appreciate the help thanks
     
    Cabtom68, Jul 6, 2017
    Cabtom68, Jul 6, 2017
    #1
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  3. Jul 6, 2017 #2
    driverdriver

    driverdriver Road Train Member

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    No it's not good, it's garbage.
     
    driverdriver, Jul 6, 2017
    driverdriver, Jul 6, 2017
    #2
    KB3MMX, Roger McG and Shock Therapy Thank this.
  4. Jul 6, 2017 #3
    Cabtom68

    Cabtom68 Bobtail Member

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    Ok thanks that's what I thought
     
    Cabtom68, Jul 6, 2017
    Cabtom68, Jul 6, 2017
    #3
    driverdriver Thanks this.
  5. Jul 6, 2017 #4
    Ruckie

    Ruckie Road Train Member

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    simple as this 1.15x55mph(over exaggerating the speed)x 9 hours worth of driving= 495 miles a day
    495/5=99 (gallons consumed) x 2.37(average diesel price cash in nj)= 234 diesel expense
    570-240= 266 - 40 (for maintenance) equals 226/10= 22.6 hourly wage without benefits.
    wanna take it even further....22.6-33%(government share roughly)=15.12 dollars an hour take home or 757.1 take home weekly for 50 hours a week since o/o don't get overtime.

    that's what I use to calculate some of my numbers are wrong but you get the idea.. say no to cheap freight
     
    Ruckie, Jul 6, 2017
    Ruckie, Jul 6, 2017
    #4
    KB3MMX, JimmyWells and Bison Thank this.
  7. Jul 6, 2017 #5
    Cabtom68

    Cabtom68 Bobtail Member

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    Cabtom68, Jul 6, 2017
    Cabtom68, Jul 6, 2017
    #5
  8. Jul 6, 2017 #6
    77fib77

    77fib77 Road Train Member

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    Is it 1.15 plus fuel surcharge?
     
    77fib77, Jul 6, 2017
    77fib77, Jul 6, 2017
    #6
  9. Jul 6, 2017 #7
    Cabtom68

    Cabtom68 Bobtail Member

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    Thanks
     
    Cabtom68, Jul 6, 2017
    Cabtom68, Jul 6, 2017
    #7
  10. Jul 6, 2017 #8
    Cabtom68

    Cabtom68 Bobtail Member

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    They want me to run under they authority and there insurance not sure if I wanna do dat paid too much to get my authority ,,,,is 1.15 per mile loaded or empty
     
    Cabtom68, Jul 6, 2017
    Cabtom68, Jul 6, 2017
    #8
  11. Jul 6, 2017 #9
    Ruckie

    Ruckie Road Train Member

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    run away faster than me trying to cross the gwb before 6am!!
     
    Ruckie, Jul 6, 2017
    Ruckie, Jul 6, 2017
    #9
    KB3MMX and Cabtom68 Thank this.
  12. Jul 6, 2017 #10
    DUNE-T

    DUNE-T Road Train Member

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    May 10, 2015
    Detroit, MI
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    Wait, you already have your own MC?
     
    DUNE-T, Jul 6, 2017
    DUNE-T, Jul 6, 2017
    #10
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