How do you o/o for ~$1/mile?

I think a lot of o/o's can haul for a dollar a mile, because like "Honey boo boo" , A Dollar makes me hollar"lol,lol,lol

 

That must be $2,200 a month , right ?

 

When I was a dishswasher and made 9.5 per hour but the food was free I took home 3000 dollars

 

Just go to any used truck lot. The drivers that ONCE drove those trucks used to think they could make a living on cheap freight too. Sooo many used trucks, gotta send most of them to Mexico from the overwhelming number of suckers out there. Lots think its easy and fast money...lol. Sucker born every minute. Be safe out there drivers.

 

One has to pay homage to deceiving practices of recruiters. They know exactly who they prey on and just call it tricks of the trade.
for instance:
We pay up to 75 cpm for a company driver. ( If the load is 15 miles long)
or Make 150 000 your first year( which will net you around 50k and you will do all the paperwork and arrange repairs yourself)
or 2000 sign on bonus ( when you will be underpaid thousands more)

Or they could just dry up your miles and take your truck before you can make your last couple of payments.Unless you have a walk away lease which you probably dont. Why? Well, trucking is about freedom,not about reading fine print. Right?!

 

I do not understand why (or how like has already been said) anyone would buy a truck and lease on to a carrier or lease from a carrier at a per mile rate? Of all of the lease-to companies that pay by the mile I haven't found one that pays over $1.02 cpm. I don't know how anyone can run a truck for $1.02 even with FSC at 0.53 a person can't make enough to live, pay / maintain the truck, etc. Personally, I believe that the industry would be much better off if the major carriers went out of business leaving the freight hauling to small fleets and independents. The "mega-carriers" are all too willing to run a load at a ridiculously low rate because their labor rate (i.e. driver pay) is at the poverty level and, sadly, there are enough of us willing to work for the pittance they pay.

I've done a good bit of financial analysis for working as an independent coming to a conservative cost per mile to operate the truck of about $1.40 with a maintenance escrow, fees, license, taxes, etc. I don't understand how someone could sign a lease for a truck with a carrier without understanding that as soon as the keys are in their hands they have already lost money - obviously, that's a generalization and really maybe only true for pay by the mile not percentage. But, no matter what the pay system remember that the trucking company is not in business to make you money! They are in it for themselves to maximize their profit off of the company driver's and Lease-Owner's hard work.

Just my $0.02 worth.

 

If those lease operators knew what they could wrangle from these carriers on the outside... I went to make a semi-regular expedite pickup Monday morning at 8am and it cancelled. By 10am they gave me the bad news, they covered the last of the freight Sunday night and didn't realize they ordered 2 extra trucks they didn't need. So $250 TONU and post up on ITS, call contacts, watch loadboards... ...So I get this call from a mega carrier based in Arizona lol. A 209 loaded (hub) miles run 16 (hub) miles down the road it's about 13:00.... ....no man, soryy I am not interested at $500, well what do you need??? So I think to myself I don't really want to go to ATL lets just give this guy a number so he falls out of his seat, hangs up and doesn;t bother me again - $850... ...so he says, well, let me call you back... oppps...... So an hour later he calls back and says he has the $850 (dang it!!!) so I tell him what I did, "look man I told you that because I don't want the load, I really don't.... ....but you know if it's a matter of money I'd be happy to haul it for $1,000 ... get on it ASAP and take care of the load".... So he sounded sad and said, well, ok, I don;t think we can do that... So 15 minutes later they had the $1,000 ... I saw one of their contractors in there picking up that afternoon also, none the wiser... Now granted, this was a one off load, direct customer of theirs, good account for them they were really desperate and wanted the load covered... ...but that's how you play this game and make a profit as opposed to hauling everywhere and anywhere on shorted miles alledgedly paying $1.50 hoping and praying you turn 3,000 miles or better every week ... so you can feel like you made something. An honest assessment of $1.50 a mile - that ain't nothing but hard work and pray the truck doesn;t break... .....This load was heavy too - I had to drive really slow to make my fuel bonus..

 

i figure fuel is about 65-70cpm on average

a dollar per mile is deadhead to do someone a favor

 

I've had the same question. I looked up Schneider and they pay $.92 + a 'premium' of $.15 plus say $.50 fsc, that comes to $1.57 per mile. My understanding is that is all dispatched miles, so there should be very little deadhead, though I'm sure you end up with some. Very quick, rough calculation: $1.57 x 2500 miles = $3,925; fuel at 2600 miles, 6 mpg, $4 gallon = $1,733; insurance $8,000 (?? newer driver?) = $154; plate, fuel tax, other fees, maybe $58 (based on $3,000); maintenance/repairs, conservative $.10 mile, $260; truck payment at $1,000 mo. or $230 week and you're left with $1,490 a week before taxes. Do that 48 weeks a year and you're left with $71,520....it's better than I thought it would be, though maybe I'm missing something. Think the secret is getting paid that for all miles (if that is even the case). Of course, if you end up with more maintenance bills, a higher truck payment, less than 6mpg....that amount goes down. I can see why some guys do it and they must like it...and with Schneider anyway, you also have the percentage option if you do over the road. Not for everyone, granted...but it's viable.