Landstar flatbed or stay with fedex freight?

Discussion in 'Experienced Truckers' Advice' started by Fupayme, Nov 8, 2019.

  1. bryan21384

    bryan21384 Road Train Member

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    Well, the title of your thread is Landstar Flatbed or FedEx Freight. You called yourself stupid and everyone agreed lol. Even deep down you know this is crazy. Everyone answered the initial question of your thread. I think you have made up your mind, but you want validation from the veterans of the industry. No need to get defensive. Check a Landstar thread. Call them up and ask questions. I personally think you've got a pretty good gig at FedEx. I cant tell you what to do, but I can only tell what I would do. If it were me, I'd probably stay put. Now that said, have you hauled flatbed before? If you haven't, then you're learning curve on load securement will affect your pay. Second, a couple guys gave you some numbers on running an OO business. I know a lady that drives for Lanstar now. She is on the van side. She was telling me Landstar pays 68 percent of the rate. It sounds pretty rough. She showed me this app where books her loads. I saw van loads coming out of Laredo at 4 bucks a mile. That may have changed by now, but lets say that is gospel for instance. I would think flatbed would pay more. Also, you've made really good money at FedEx but do you have oodles of capital?
     
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  3. blairandgretchen

    blairandgretchen Road Train Member

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    @Fupayme -

    I read your PM, but I’ll answer here.

    I will apologize that the referenced thread from Mr @Lepton1 , is over 100 pages long - but it covers 5 years of my life going from exactly what you’re doing now, to where you’re proposing to go.

    Skip read through it, all my numbers are in there, what happened along the way, along with sage advice from older and more experienced hands.

    I spent years researching. Asking. Listening. You have to take time to research and plan. And prepare.

    Yes, I was frightfully bored at ODFL, after 7 years we were burned out. Yes the money was good - 180k+ teaming. Great benefits blah de blah.

    Biggest thing - it’s a lot easier going in with low home and business debt. That way in years like this one, you can simply park up and wait.

    Hope this helps.
     
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  4. Banker

    Banker Road Train Member

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    Whatever you do don’t get a motor Fitzgerald built as they are well known to fail in the 200,000-300,000 mile range. I have a Clarke rebuilt motor in my glider. Yes I am making more than Ups, but more flexibility and less hours was why I left there. Cash is a great plan as I run my home life and my business debt free and it allows me to do what I want based not first on money. I still want to be compensated well for my time or I don’t do something. Being an owner operator is not for everyone, but if you have a good financial and business sense about you it can be great. Or it could also suck depending on what you do with your rig and your skills. I haul cars and probably won’t do anything else until I am done making money, which is another 5-6 years.
     
  5. Banker

    Banker Road Train Member

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    Everyone’s tax situation may be different. Due to many factors I will not discuss in detail I am still a Sole Proprietor and am happy with the $62,000 a year I put in to my Individual 401k. I also do an IRA and together this is ample for my retirement needs. Fortunately health care is not an issue as my wife has me in her plan. You are absolutely correct that my tax situation is great compared to being an employee. It really is specific to each individual’s situation whether a great paying company job or a well researched, well paid owner operator gig is better because what works for me may not work for everyone else.
     
  6. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    I'd go flatbed. Most of our Landstar flatbedders make $125K year. And that's working 5 months a year.
     
  7. Banker

    Banker Road Train Member

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    You just don’t want any competition in vans! Is that all no tarp freight where the shipper secures the load while the driver takes a nap? That’s what I plan to do when I retire, but 5 months is way too long to work.
     
  8. Lonesome

    Lonesome Mr. Sarcasm

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    Landstar
     
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  9. Banker

    Banker Road Train Member

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    This particular 2 week period I was out 1 night. Some weeks I am home every night and other weeks I stay out 1 or 2 nights. 3 or 4 times a year I run the road and leave on Monday and get home Thursday or Friday. The money is in short haul. I work my body more than I do my equipment, but that is where the higher revenue per mile is in my line of work.
     
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  10. Banker

    Banker Road Train Member

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    They fail to recognize the difference in a rookie lease op pulling a trailer for a Werner or Western Express for $1.00 plus FSC and someone well seasoned one the other end of the spectrum who does some form of specialized trucking.
     
  11. Fupayme

    Fupayme Bobtail Member

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    I agree. Lot of factors rather its lease purchase or just bad equipment. Ppl also have terrible money management and get lazy. Ppl think they can buy a 20k truck with no reserves pull somebody else dry van and want to be home 6 months out the year. I'm looking at the tax benefits and really loading up my 401k. I can survive off of 2500$ a month and 500 of that is going to a roth IRA. So I really think I can BANK if I do it. If it doesnt work out I sell the truck take a loss and go get another job no biggie.
     
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