How are O/O making a living at $1.00 a mile

That's bull crap...

 

we don't know.

Remember when southwest airlines had dirt cheap prices. They were hedging the price of fuel with contracts. How do we know megas don t do the same thing?

 

Love to know the secret of your success.

 

You wrote that was what the guys who lease for them told you. In other words, that great fuel savings is being passed onto them and justifies $1.00 per mile? At least that's how I read what you wrote.

 

There is no way megas are buying fuel for $1.00 per gallon right now, no way.

 

the megas buy fuel on a cost plus basis. They get fuel for about a nickel over what the truckstop pays for it. Truckstops don't even get it for $1 a gallon.

 

Hope I don't sound condescending but I wouldn't say it's a secret. And I wouldn't call myself a success at this point. It's only been a few weeks and I happen to jump in when brokered freight has been doing really good. I personally think there is room for improvement. And I have a long way to go before I have paid myself back for the truck and recouped my entire life savings.

That being said I did research and found a carrier who values drivers, values partners, owner operators and fleet owners for what they are and have also had sucess. It is a small to medium sized carrier and the person helping me dispatch has a ton of experience and good relations with brokers. At this stage I am just having him send me wherever he thinks we can do the best. This is allowIng me to get used to the road,(a week at a time) and learn how he works things.

 

You all should ask the leasors what they're paying. I don't see em anymore so I have no idea these days.

England leasors truck numbers start with 9. Ask JCT also. They ALL leasors.

 

I don't need to. I worked inside a pretty decent size trucking company. The lessors received the whole discounted rate for fuel. It was cost plus a few extra cents as was already alluded to.

The negotiated discount rate is usually around .50 to .60 off of the posted retail ppg.

 

It's the only way I can see it working. I'm like the rest of you all. There's no way to make money at their cheap mile rate. There's gotta be a secret somewhere or they'd all be quitting after the first week. Cuz THEIR monthly payout for all bills is really high.