New owner opp... is this good??

I dont know you and from the sounds of it you think 1.42 cpm is great money... wake up dude your gonna go broke...

 

Find a carrier that pays % of the load. Mileage based pay you get the short end of the stick and wearing out your equipment chasing them miles. The catch is you gotta do a lot of foot work to find the good carriers, they won't be waving a big sign looking for drivers.

The company my dad was leased to for years had a set up like this. 68% + fsc + tolls. What you'll make all depends on what their rates are. 80% of the freight was direct/contract, not going through a brokers hands then on top of that the carriers cut.

 

I agree with him find something percentage like landstar... you been driving 15 years so getting on with landstar should be a breeze... I would try that route after you buy a truck

 

Yeah $1.42 is peanuts. You can get that right now on percent pay and rates are in the toilet. Even if you get your own trailer that’s only about $0.07 a mile. Avg 10,000 miles a month that’s $700 which would cover any payment or rental fee.

 

Might want to check the OOIDA site. Look for the education/tools pages. They have some things that could help you determine your cost and profitability. You may also want to join. One of the benefits is that they will review your lease agreement.

 

Learn yours costs and then you can decide. And shop around. Don't just jump at the first truck. Do price matching and work the buying system.

 

I'm not a sunshine and lollypop type of guy so take this as you want.

AND?

You don't buy UNTIL you have a plan, it is assinine to buy a truck and then try to figure it out.

You start with YOUR needs and YOUR BILLS to see what is the MINIMAL amount of money you need and then add a third of that for taxes to give you an idea.

Then you go to OOIDA, download this spreadsheet

http://www.ooida.com/OOIDA Foundation/Tools/docs/OOIDA-Cost-Per-Mile-Calculator.xlsx

AND use it to give you an idea what you need to put down on paper.

Here is the hook on all of this, the spreadsheet is there for more than one thing, once you see what you need in your estimate, then take those runs you know - with empty miles, fuel costs and so on - and apply them to the estimate needs. This can tell you where that break even point is met and what you need to make some money.

AND I am not explaining that in any detail, I used that spreadsheet and modified it to show five different scenarios to make my plans and I discarded three of them. It set my minimal rates going forward.

I don't get why you haven't figured all of this out by now. I mean 15 years on the road, you should have gathered all of this up 5 years into it.

Don't get what the plastic fleet junk is about, go buy some old junk, it will sink you.

 

What's the Fuel Surcharge? Diesel is cheap now.
Provided that the truck nevers break down and you can run 150K or more miles a year you'll still make a lot of dough.
That's what a devils' advocate would say.