Got a question -Need a answer

Discussion in 'Ask An Owner Operator' started by Big Rigger wife, Apr 29, 2012.

  1. Big Rigger wife

    Big Rigger wife Bobtail Member

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    Apr 29, 2012
    0
    Hello

    I'm new to the forum but have a question. My husband and I are new owner operators and I'm wondering what his best deal is . He has two offers one is Percent one is mileage . The percent one is 82 percent running under another local guys authority we trust getting loads off of load boards and landstar . The other is as follows

    1.14 load & empty
    0.41 fuel ( currently )
    Paid plate
    Paid tolls
    Paid scales
    0.04 bonus on all miles
    0.04 extra on hazmat
    0.05 extra to hook a preloaded step deck
    250.00 layover ( after 24 hours )
    Paid permits
    Practical Miles paid ( hazmat off hub cause routed )
    30.00 to cross border ( 30.00 to come back )
    Dock pay after 2-3 hours ( its not much though )

    I think he should probably go the company route as I listed above . It is 90 percent van but they do have some step decks but no tarp etc . He wants to run the percent deal which in a perfect world I admit looks good but I just feel the company deal seems safer to me . Not sure if I'm holding him back or being smart because best I can tell we're looking at 1.55-1.59 average plus bonus . And I've looked at the boards I see good rates and bad ones but as I see the deadhead sometimes can be 50-100 miles which I calculate as a cost and can sometimes see us going at 1.50 or less and some being 1.80 or more . Don't want to hold him back but don't want to make a crazy decision either . For clarification I do trust the local person with authority and he is willing to let us use his 1999 dry van trailer included in the 82 percent . We just pay insurances and maintenance on the trailer which the insurance is around 75.00 a week I think that's trailer and cargo . We will be paid Weekly on company job and 7-10 days on percent . Oh the 82 percent deal also includes a factor fee through a factoring company to get the 7-10 day pay sometimes I'm told faster I'm not sure but the fee is included in the 82 percent .

    Advise welcomed
     
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  3. wichris

    wichris Road Train Member

    2,750
    3,607
    Jan 17, 2011
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    Why would you pay for cargo insurance or factoring fee's if you're leased to them?
     
  4. Big Rigger wife

    Big Rigger wife Bobtail Member

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    Apr 29, 2012
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    Cause that's the deal I was offered . I am welcomed to suggestions that why I posted this . The cargo insurance is on the percent deal . The company lease deal with the figures I posted the cargo is covered by the company .

    It's two separate deals . One is Percentage one is mileage and it's two separate companies
     
  5. MNdriver

    MNdriver Road Train Member

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    Feb 24, 2012
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    That's a flag to me that they are skimming the FSC from the person paying the fuel cost.
     
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  6. Ragged Rooster

    Ragged Rooster Light Load Member

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    Apr 19, 2012
    Texas
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    I agree on the skimming. Also beware that if they are using a factoring company, they probably are running on payday to payday on their loads (short on money). MANY factoring companies charge you a yearly maintainence fee as well. One company I know of charges their load percentage AND $500.00/year. Be sure to get this one out in the open. Frankly, I would not pay insurance or factoring fee. They're obviously trying to get into your pocket.

    Just MHO....
     
  7. US MARINE

    US MARINE Heavy Load Member

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    Sep 15, 2011
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    Yeah , I'm not sure on factoring ... But the FSC looks low at
    0.41 but with that said you did state it was loaded and empty FSC maybe I'm wrong .. But fuel has dropped but I think it should probably be around 0.45-0.46
    But the 1.14 is higher than most ..

    BBB on here could probably lend you some insight on the other deal .
     
  8. Bigrigin

    Bigrigin Light Load Member

    75
    25
    Dec 18, 2011
    Illinois
    0
    Why not run under your own authority off the load board for 100% instead of 82%, landstar and mercer load boards both have the quick pay, I think its like 2 days.
     
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