Hard to say what you should do here. No offense but not enough info to make a good judgement. Based on what you said: 1. Paid both ways loaded and empty. I suspect the pay is base plus FSC loaded and base pay empty but that's not what you said. 1.08 cpm + FSC loaded and empty. If that's the case that's pretty good in my opinion. 2. I gather he is saying if you buy a truck and trailer you can use his Authority and Insurance and I guarantee he will want at least 20%,maybe less but I doubt it. Costs money to add a truck and trailer to the insurance. I operated this way except I only used the O/O's Authority and Liability, I paid my own cargo,physical damage, and bobtail. 3. Most companies use the Federal Energy Dept Index to set the FSC. Comes out every Tuesday AM at 10:00. Issued once a week. Not the best but at least most everyone is on the same page and any one can check it. I don't remember the site but you can find it. 4. You need to talk to another O/O or set down with this O/O and get the info spelled out. I can't tell you exactly what to do but I wouldn't and won't tell you no. Have a back up plan just in case it goes south. Best of luck!!
Is this doable?
Discussion in 'Ask An Owner Operator' started by Izlomik Supatrucka, Jan 1, 2010.
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im going to call the guy again monday and get more info and find out what is what.....i kinda have a
backup plan, dont really want to do it but that hopper bottom place is ready for me and they are
making money over there just its pretty slim on the leftover money from what i saw....i could make
a living doing it assuming i dont have a major expensive breakdown but thats the same with the
flatbedding deal.....I have $35-40k for backup but would rather not touch that....just hopeing to run
as much as i can and pay myself very little for the 1st year or so to get the truck fund account
built up as much as i can to where i feel comfy with it then ill start trying to benefit from it some......
I can get by on $350 a week pay for myself and be fine....like i said i have basicly no bills....my
wifes little car payment which is about paid for both my trucks are paid for and our home payment
and utilities is around $650.00 a month.....my wife is a titewad bad so saving money has been
no issue with us -
It definitely sounds doable, but I would make sure to have a back up plan and some extra money in the bank. You never know what might happen with this gig you have planned and will need work available to you if this doesn't work out because you will still have all your truck bills.
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ok called the guy monday and today.......
Im guna be running under his authority.....
pay is as i stated....he told me i pay you FSC on loaded and empty miles but he said the terminal your
guna run out of which is Gilmer, Tx just about always has a backhaul out of Houston....he said I
would get loaded out of Gilmer take the load down to the Houston area turn around and load back either
at the yard i delivered to with a diffrent kind of lumber back to the Gilmer yard i just loaded out of or back to
some towns he named off which are all within about 50 miles of my house....
As far as his cut he told me if i pull my trailer he gets 10% if i yank his which he said he really
wanted me to get my own he doesnt really have any spares but if i were to yank his he gets 15%.....
I asked em if there were any fees to be leased on to him and he told me thats what the 10% or 15% is
for.....I plainly asked him so if i have a truck and trailer all i pay is my truck/trailer payment and insurance
on them and buy fuel and all you get is the 10% he said YES......he pays cargo/liability......
I asked him these several times to make sure i heard him rite and he kept laughing said yes
thats it, i know its tough on you guys rite now our rates are down, i used to charge 18% for my trailer
and 13% for yours but i dropped it......Guy really seems like a strate shooter.....he told me he would
put me on the run that goes directly by my house as soon as he has an opening and he said with the
way its going he was going to need another truck there before long.....the terminal is farther from my house
but i drive 3 miles away from my house either way and that run is all interstate the whole way....gravy run -
OK. Sounds basically like what I did. I already had my truck and trailer so didn't have to worry about buying them. Here's my problem. This guy seems fair and reasonable. 10% is pretty much the normal with your truck and trailer. You buy a truck and trailer and what happens if he backs out. Agree to purchase a truck and trailer but get it in writing that he will lease you on. Nothing personal, but that's business plus whoever finances you will look on it more favorable. Try to put some figures together from his info and see how they go. You will need to buy plates,insurance, etc. Guess you will only run intrastate and I don't know what Texas requires. Based on the info you provided it's doable and sounds like an OK deal. There's risk in anything like this so please have a back up plan. Who knows this may work so well you will be real happy. I truly hope so. Best of Luck.
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Yes i have to go fill an application out so they can check my background and make sure insurable.....
when that passes ill get something in writing......Its not just Texas.....its Arkansas, Louisianna, Texas,
and he said on occasion have to Oklahoma to some of them mills.....My father n law has kinda gotten
into the hay business and this year ran into problems getting it hauled mainly because of the amount
of rain we've had here but also just the flatbedders he was talking to are apparently lazy, it pays $3.50
a loaded mile only bad thing is its only a 90 mile haul but you only got 90 miles of deadhead back to get loaded
also.......but he couldnt get them to show up when he needed em and this guy is fine with me hauling that hay
when it comes available, so it works out good for me and my father n law since he is on the verge of buying
a semi and trailer to haul it himself and not really have near enough to justify buying a rig -
Is he taking 10% from the $1.08 /mile? So then you are only making roughly $0.97 per mile plus fsc? That ain't very good pulling your own trailer. Lumber is too cheap. With oil prices going up they'll be pumping more. Look into hauling drill pipe or gas pipe. When energy prices rise they'll pay good money to haul that stuff out of Houston.
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if he takes 10% of 1.08 and the FSC is .34 that puts me at 1.31 a mile which would be better than
if he takes 10% of gross which 1.08+.34 is 1.42 - 10% = 1.278 a mile......So i hope he does
take 10% of the base rate......am i figuring this rite?
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