Farm2Fleet/Covenant Fleet - O/O's

Discussion in 'Trucking Jobs' started by BigBadBill, Jan 13, 2014.

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  1. jess-juju

    jess-juju Road Train Member

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    2 years driving experience.
     
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  3. JLT

    JLT Light Load Member

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    Mr. Bill , I live in Cartersville, Ga., I'm solo with new peterblit, could you run me east to west with van or reefer and me bring home $2500 week after fuel and expenses consistently? Been driving since '87 .
    thanks
     
  4. ruffrider

    ruffrider Light Load Member

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    I'm not Bill but F2F drivers book our own loads so the money you make is dependent on yourself.
     
    BigBadBill Thanks this.
  5. BigBadBill

    BigBadBill Bullishly Optimistic

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    First, anyone that is going to tell you what your take home is going to be is lying to you. You are the one that is in charge of your driving habits, work ethic, etc.

    Is it doable? Yes, we have many driver settlements that far exceed that every week. But we are a company that leaves destiny in you hands and we look to provide a system to achieve you goals.
     
  6. generallee

    generallee Medium Load Member

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    Interesting read and sounds pretty much the same deal I have with another company. 80% line haul 100% fsc. I pay $85 a week into trailer maintenance they pay cargo and liability. I book my own loads and average $2.00+ a mile to the truck easy. Sound about right?
     
  7. Tired old trucker

    Tired old trucker Bobtail Member

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    That is a humorous statement Barroll:

    Your statement "If you're hurting for the 3.75% difference in the rate between 80% of $1000, or 80% of $812.15 and 100% of the $187.85 FSC, then you should have been demanding a rate higher than $1000 in the first place."

    I am and most of the drivers in the business including the companies / agents / brokers and all others are in it for the money. Using your figure of 3.75%, if a truck generated $220,000 per year that measly 3.75% would add up to another $8,250 at the end of the year. As far as hurting for the 3.75% difference, You would not be a good business person if it does not interest you. That is why the lease companies do not often want to commit to paying a fair fuel surcharge.

    When freight rates drop and a the lease company tries to push a load on a truck that pays $.90 per mile or less. Then when the same company refuses to pay a reasonable fuel surcharge but definitely wants their 20-30% of the load they are knowingly creating hardships for the owner and driver of that truck and that company generally could care less about the truck owner and driver because they have ten others to haul that load. At least until the truck owners cannot make their payments or perform the required maintenance on the truck and are put out of business. The answer to the problem is reasonable rates. There is a need for honest shippers, companies, agents, and brokers that do not multiple broker their loads to skim the rates. Most of us would love to work for companies like that, companies like Farm 2 Farm appears to be trying to create such a company. I would like for Farm 2 Farm to reconsider their stance on a reasonable fuel surcharge on all paid miles whether company or brokered freight. Perhaps they could be an industry leader in this area also.

    Yes, A fair fuel surcharge based on a predetermined price per gallon can and does make a world of difference to the owner of a truck. That is why fuel surcharges were established in the first place. When a truck owner accepts a load for $.90 per mile they know that they are loosing because most of them are running for base cost or less. Knowing that there is an established and fair fuel program in place can ease a tense situation and make hauling cheap freight more tolerable.

    I do agree, if all the shippers, brokers, companies, and agents paid a fair and equitable rate there would be no need for a fuel surcharge. When freight volume is down the companies drop their rates because they can, because of the volume of trucks that are willing to haul the freight to make the payment on their truck. During low volumes of freight it is generally not possible to negotiate a better price on an $.80 or $.90 per mile rate because they know there will be someone to haul it. Making it impossible to DEMAND a higher rate as Barroll stated should be done. In a perfect world Barroll would be correct, in the real world, he is way off the mark.

    I am in no way referring to any specific company in this posting. I have been in the industry for many years and I have and still continue to see companies that are not truly concerned about their drivers, their focus is on their stockholders and their own checking account.
     
  8. retire_in_mexico

    retire_in_mexico Bobtail Member

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    About time for everyone to update...lol
     
  9. BigBadBill

    BigBadBill Bullishly Optimistic

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    There absolutely is a need for FSC on contract freight. No one can predict what is going to happen to fuel prices and that is why when negotiating a rate today you need the FSC to protect you in 6-months.

    But in ad hoc market it would be highly unusual that rates will change that quickly that it would have a negative impact. And we actually teach our partners how to work the fuel price issues with customers to benefit them over the longer term.

    From our side, we have decided that in order for us to pay all the office expenses and make a profit I need $.20 of every dollar. I could easily create a FSC but then we would have to adjust the percentage to make sure that we get our $.20 per dollar. And as a business person I would need to make sure that I protect the company against the potential of extreme swings. And that would work against the partner when fuel is lower.

    A good business relationship is about making sure that all parties are profitable. The way FSC is used by carriers that pay mileage is a good thing for the contractor. For companies like LS that have their BCO's work with captive brokers it is a good thing. In our model, for all non-contract freight and non captive brokers we have a huge potential for F2F or the partner to take advantage of the other.

    At the end of the day what is most important is pay to the truck (regardless of how you get to that) and net revenue.
     
  10. volvoboy

    volvoboy Light Load Member

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    Jun 4, 2014
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    Hi Bill,
    I live in Ohio and I want to gross 4k+ a week being home daily in Ohio. If I lease to you do you think that is possible? Also I can run out of state.. Thanks!
     
  11. BigBadBill

    BigBadBill Bullishly Optimistic

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    Anything is possible but in our model it is up to the driver to make things work. You may need to work up to that because it is all about relationships and learning markets.

    The home nightly is the biggest challenge. That is generally not conducive to making the most money (or being an O/O). But we have many drivers that spend more nights home than on the road and make good money.

    Best is to talk to the people that are doing it to see what they think,

    But in the end it will come down to you. We will hand you good accounts but we have seen some thrive and others struggle.
     
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