Lease purchase how bout this one

94 cents a mile is way too low .

 

What kind of freight are you hauling? Do you have lots of it? Keeping busy is what it takes.

 

gless:

$1.25 loaded
$1.00 mt
plus fuel surcharge pegged at 1.30
load and unload fees for every stop plus detention if over 2 hours.

running these numbers I still don't see a truck making any real money because now I have to pay all my insurance, all my taxes... lose vacation pay ect... and be responsible for an engine blammo plus the down time that takes.

my 1.125 per all miles
your 94 - per all miles

is 18 1/2 cents less... and I don't think I can come out ahead with gless... why would I or anyone do it for you for 94 ???

if you have some serious numbers to post that show how 94 will pay a rig, maint, taxes, and the driver is bringing home enough to cover his wages, taxes, and health care I'd sure like to see it.

I guess some guys want their own truck bad enough they will do anything, even cut their own throats to feel like an owner operator...

me I want more money to cover the additional expenses I'd incur plus something extra for the responsibility.

and please don't say I'm building equity in my company with every payment...

worn out trucks are real cheap.... and as I stand now... my 401k just keeps getting bigger and bigger... and I've got 100% equity in that right now...

 

Sounds like a great start, 94c is better than most. You can build up from there.

 

Who pays less than $.94 ? im6undertold it like it was . Nothing under $1.40 a mile plus FSC is worth getting into .

 

JB, Schneider, and alot of container yanker companies pay less than $.94, not counting surcharge. MCT is another one that only pays .87 cpm.

If you have just the tractor invested, $.94 is one of the better ones if they are paying practical miles.

Don't get me wrong I agree with you RickG but you did ask...LOL

 

I know that's all container yankers get but they're not making $400 a week truck payments either . I think the FSC is only about $.13 a mile now . Most trucks are lucky to get 2,000 miles a week . Earn about $2,000 and half of that goes to the truck payment and fuel . By the time you pay insurance you're making less than you would as a company driver and you haven't thought about replacing tires , brakes , oil changes , and all those repairs that come up .

 

Many companies pays less, I am getting less, but I am making good money.

Yes

This is true if your having to pay for everything. But most Companies covers alot of the expenses. So Yes 0.94 would be good.

If he had to pay for all the permits, Cargo insurance and fuel tax, or the driver fully independent yes it would be. But when the Company covers that it not to low.

 

But with a good fuel surcharge, it may not be that bad. Depends on the net at the end of it all. What is being covered by the carrier that you would have to shell out for yourself? What about parts, tires, and fuel discounts? What about all the backroom office crap that you would have to do that the carrier is taking care of?

yeah, $1.40 or more a mile sounds nice, but it all depends on what you get to keep. I get between $.93 and $1.08 depending on length of haul. My fuel surcharge is based on 5.5 mpg, $1.25 a gallon base, adjusted weekly. I get pretty substantial discounts on fuel as well.. usually .10 to .18 a gallon. The paid miles are realistic... my out of route average is around 2-3%. I get pretty substantial extras for stop offs and such. I don't have to file or pay for fuel taxes and ad valorem taxes. My plates/permits are paid for (I do shell out $11 a month to have a prepass, but I save more than that in fuel by not stopping at every scale). And the meanwhile, I am home weekly and usually by the house a couple of times a week while still averaging 35,000 miles a quarter, have a 40 acre spread with a nice ranch house in rural Iowa, have an '06 truck nearly paid for, got a good Blue Cross/Blue Shield HSA medical plan for me and the wife (not thru the company), and on the local bowling league.

It's all in the numbers and how the net looks at the end of it all. I am not impressed with gross revenues.... just what the net is at the end of it all. It's a business and you got to be a real bean counting nerd. There is no more "freedom" by doing it all yourself if the net is lousy. The only "freedom" in owning a truck is the freedom to fail.