Considering In Starting a Small fleet of Oil hauling Trucks

You might want to RETHINK that idea of starting up a fleet of oil haulers as the $ of oil steadily drops the work is going to dry up

 

Go in to places that lease oo and tell them your thinking about buying a truck to haul oil. You work hauling oil now. Ask them what you need. Trailer prolly be hardest thing. Ten year old new is fifty k. New is 90.

 

I have 4 trucks in the alberta oilfields so saying this hurts me to say but the comment about bad time may be accurate. The price is low because of too much world supply and with usa oilfields growing like crazy and canada getting 3 massive pipelines approved there will only be more supply. With high supply comes low oil costs and companies will start cutting costs soon.

What that means for you is bidding wars. If you haul at 4l $4.50/m3 they will ask other guys to go to $4.00/m3 and they will because guys will be hurting for work soon. Next thing you know 2 years later you are hauling crude at $2.00/m3 happy to be one of the guys still working but yet you are paying top over inflated dollar on all your equipment.

I would suggest riding it out a little bit and see what happens.... if oil drops and guys can't afford 90k trailers there will start to be a over supply of them and the price will drop, you don't want to be the guy that own more on your 3 year old tanker than a new ones worth.

Over supply kills pricing on everything, this could very well be the end of the money train that is big oil.

Want a example. Why are used volvos so cheap to buy? Contrary to popular belief it's not because they are worse than other trucks. It's because for years they were the fleets favorites and when the big fleets trade on thousands at a time the dealerships have overstock and have to slash prices to sell them over their competing dealer with 100 of the same truck on the lot, now they are worthless.

As for pricing. (I know alberta can't be compared to texas) what we do is start out on a hourly rate and do it for a while and then convert it to a per m3 rate.

I charge $150/hr and the load takes 1 hour average to do and I am able to haul 30m3 (46,500kg canadian weights) i will then set a solid rate at $5/m3

 

Down here they charge for loading, number of barrels hauled, miles on the lease road, miles to reach the lease, demurrage (love that word), excessive unloading time, rough roads(demurrage time)