Owner Operators pulling propane or refined fuel

Discussion in 'Ask An Owner Operator' started by michaelo311, Jul 16, 2023.

  1. michaelo311

    michaelo311 Bobtail Member

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    Oct 12, 2016
    Wisconsin
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    Have the opportunity to buy my own truck and lease onto the company I currently work for but the problem is I would be the first owner operator they would have and aren't sure on a good rate for me would be. Obviously would be under their authority and insurance and pulling one of their bottles. Anyone have any input?
     
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  3. Chaney

    Chaney Bobtail Member

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    Jul 14, 2023
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    Their trailer. Their liability. 75% you pay for tractor repairs, fuel, tolls, OCC HAZARD, ELD, and insurance on your tractor only based on replacement cost, and NTL or bobtail.
     
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  4. RockinChair

    RockinChair Road Train Member

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    The company should tell you what their rates are. Compare that to your operating cost + desired profit to determine if it'll work out in your favor or not.
     
  5. Knightcrawler

    Knightcrawler Road Train Member

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    Mpls, Mn oops Ocala, Fl.
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    Guess you didnt read that part.
     
  6. Cat sdp

    Cat sdp . .

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    Orion's Belt
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    Most pay 67-75%…..
     
  7. Dennixx

    Dennixx Road Train Member

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    twin cities
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    I believe he meant rates, what the company charges, to pull the current product as opposed to an owner operator or lease rate.
     
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  8. RockinChair

    RockinChair Road Train Member

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    CC, TX
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    Yeah I read that part, that's exactly why I said "the company should tell you what their rates are." The carrier knows what the rates are that they charge the customers. As others have said, most pay 65% or more to the truck. OP needs to know what the dollar amount is on the rates so that he can calculate how much he'll make off the percentage, and then compare that to his operating cost to ensure that he will make a profit after all deductions are taken out and expenses are paid.
     
    Last edited: Jul 16, 2023
    Reason for edit: changed "have been" to "and then"
  9. Chaney

    Chaney Bobtail Member

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    Jul 14, 2023
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    I don't think that was his question
     
  10. Long FLD

    Long FLD Road Train Member

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    Most companies around here are at 70% to the truck, they provide the trailer and haz mat insurance. At some point you’ll have to sit down with them and talk about their rates and what they’re going to provide. I wouldn’t do a mileage contract with a bottle.
     
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  11. Ruthless

    Ruthless Road Train Member

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    The City.
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    If the carriers rates are not high enough to sustain an oo business at whatever % is worked out; it is certainly part of a list of questions that need answered.
     
    Siinman, RockinChair and ducnut Thank this.
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