Mileage Pay for Owner/Lease Operators

How’s that working out for you since your new to all the this ?

 

Most of those are the 1 or 1.10 as a base rate before fuel surcharge. So you might end up in the 1.35 to 1.45 range. Most are for loaded miles only and then will be just the base rate if not a bit lower for empty miles. Some pay for everything, some nickel and dime you for different things.

Many of the percentage outfits charge you for just about everything. So 85% could end up being 65 or 70%. Or a 65% could end up being higher actual money in your pocket because they pay for everything. Also, something to keep in mind is 80% of 1000 is 800 but if a 65% company runs the loads for 1300 plus charges you for less things, you would have made 50 more dollars plus been charged for less. Make sense?

Getting paid by the mile is not such a bad thing if at the right price. It puts the pressure on the company to perform instead of you being beholden to their skills in finding good rates. If you prefer this, find a company that pays around 1.75 and on all miles. It should be up to them to keep you loaded and making money. Not you running all over BFE empty and not making money. They should pay for all the expenses except fuel. Downside to this setup, is if they are subsidizing most of your costs then taking time off may be frowned upon. This may take away of your sense of “freedom” in being an owner op. However, you know what your gonna get every single mile.

It’s all give and take and finding the right company where your comfortable, you make good money, they have your back and you have theirs, etc.

 

I got a buddy over at Oakley and he said with the recent raises he is at $2 loaded and $1.60 empty running a dump trailer.. don’t seem like a bad gig if ya don’t have authority..

 

So is it worth it getting own authority and work toward getting 2 trucks? Do the loads pay that much more with operating with own authority??

 

No.

 

You should probably do a google and research the downfalls of being a 1099 in a company leased semi.

All you all see is green. But none of you think about what that green is going to cost you in the long run.

And here's an idea none of you think about. If it was as good as you think it is.

We'd ALL be doing it.

Isn't there a rental operator section on this forum?

 

Read this...

http://rawze.com/book/The First Time Class-8 Lease-Purchase Owner-Op Guide.pdf

 

Are you talking about being a 1099 driver or a o/o leased to a carrier and getting a settlement in the form of a 1099.