Considering leasing on to a company that pays 85%

Discussion in 'Ask An Owner Operator' started by kanidana, Sep 27, 2024.

  1. kanidana

    kanidana Heavy Load Member

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    but they exclusively work off the spot market. Supposedly you can use any load board you want. I've got a paid for truck so my question is can I make a living running in the west? I'm thinking 2.5 a mile average. I know these times are rough but the freight where I'm at is being given to company drivers and we are given the leftovers which is almost zero. Thanks for any feedback.
     
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  3. Ruthless

    Ruthless Road Train Member

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    Take a look at a load board and see if those numbers would work?
     
  4. blairandgretchen

    blairandgretchen Road Train Member

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    Yeah - what @Ruthless said.

    You have to know “85% of what?” before a decision.

    What equipment type are you using?
     
  5. GraniteRiver

    GraniteRiver Light Load Member

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    You're not going to average $2.50, more realistic is $1.90-$2 per loaded mile with an out and back average on the current spot with a van in the west.
     
  6. Long FLD

    Long FLD Road Train Member

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    I guess my question would be why lease to a carrier that doesn’t have any freight? I could see trying to run spot freight when it’s good, but it’s very not good currently. 85% of not much isn’t very much money. What do they provide for their 15% since you’d be chasing your own freight for them?
     
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  7. blairandgretchen

    blairandgretchen Road Train Member

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    That’s a pretty valid question too.
     
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  8. Constant Learner

    Constant Learner Medium Load Member

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    Insurance is the main factor. But then 85% of $1 per mile is not much.
     
  9. Long FLD

    Long FLD Road Train Member

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    Plenty of carriers to lease to that you don’t have to chase spot loads.
     
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  10. Constant Learner

    Constant Learner Medium Load Member

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    Like Schneider?
     
  11. kanidana

    kanidana Heavy Load Member

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    I'm at Schneider currently. Freight crashed hard. I've been working for them for 7 years. I paid off a truck and built a bit of savings but now I'm eating into that savings just to survive. I'm spinning my wheels hard and I've got over 600 thousand miles on my truck. I need to start making bank before I have to do a major repair or replace my truck with new equipment. I can't imagine going back to being a company driver after 10 years calling my own shots.
     
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