Purchasing a truck and hiring a driver??
Discussion in 'Ask An Owner Operator' started by wdoe, Dec 8, 2019.
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If I knew your location I would maybe interested in being a dedicated carrier for you. Skip the broker b.s. Find a reliable carrier in the area and work with. Sit down discuss rates,demurrage,fsc, everything good and bad.
LoneRanger and Rideandrepair Thank this. -
Rideandrepair Thanks this.
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Insurance is a big one too. I’m almost $300 a week just for that. Every week! Weather I turn a mile or not.
What about the capital costs of purchasing the truck? So on a $60k truck your looking at $400 a week?
plates don’t seem like much but almost .03 a mile for me for the year? $3000 a year.
What ever you pay the driver your looking at another %21 on top for worker’s compensation and taxes.Last edited: Dec 8, 2019
blairandgretchen and Rideandrepair Thank this. -
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Also, side note, what will you do when your driver quits, as this industry isn't known for loyality among drivers and carriers. How many weeks will that truck sit empty while you pay for it and pay a contract hauler?
Licensing and other incidentals for the truck (besides OS/OW permits), repairs, breakdowns, hotels (if you don't have a sleeper) plus cost of fines and other enforcement issues if you don't have an expert driver and permit person to handle the intricacies of oversize loads.
Lastly, and this is the biggest one of all that you are missing is the cost of RISK. Right now, if a power only guy breaks down or has truck issues it is on him to get that load to your customer on time or pay the demurge charges or other contract failure fees. Not to mention the risk of a crash, injury or damage to your rental equipment would all be brought in-house. There is a reason why when I owned my fleet some of my best customers were rental houses. Stick to your core competencies of renting and servicing equipment and leave the transportation up to the transport professionals.Doealex, blairandgretchen and Rideandrepair Thank this. -
If you run 10 loads per month, and they all average about 1600 round trip, you might need 2 trucks. Plus, as soon as he leaves your yard, you'll need to find a broker load for the return trip.
800 miles out with weather, traffic and screwy permitted roads...add in the crane appointment and unloading time and you're looking at minimum 36hrs from the time he leaves until the time he's empty. Bounce to the backhaul, load, deliver to an area (hopefully) within 100mi of your location and then back home... it could be a 3 - 3.5 day round trip.npok, LoneRanger, Bean Jr. and 1 other person Thank this. -
See what you are missing is this fact, you are paying an opportunity cost either with the broker and no dead head or paying to get that truck back, which is the drivers pay plus the maintainance and fuel costs.brian991219, Rideandrepair and HoneyBadger67 Thank this. -
brian991219, Rideandrepair and HoneyBadger67 Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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