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Seeking Advice on Rates for Dedicated Hub and Spoke Lane

Discussion in 'Flatbed Trucking Forum' started by FML, May 23, 2023.

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  1. May 23, 2023 #1
    FML

    FML Bobtail Member

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    Mar 22, 2020
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    Hello everyone,
    I recently received an opportunity from a broker for dedicated runs on one hub and spoke lane, and I would greatly appreciate your advice on determining the appropriate rate. Here are the details:
    1. 260 round trip miles
    2. 30,000 lbs
    3. requires 1 trailer
    4. This is hub and spoke lane, with the load originating from the hub, delivering to the destination, reloading and returning to the hub.
    5. The runs will operate 5 days a week, Monday through Friday, with one load per day

    Your valuable input, suggestions, and any other insights related to pricing dedicated runs would be highly appreciated.
     
    FML, May 23, 2023
    FML, May 23, 2023
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  3. May 24, 2023 at 7:11 AM #2
    Kshaw0960

    Kshaw0960 Road Train Member

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    Jun 17, 2018
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    This varies widely for everyone. For example you can avg $1400/day OTR. So to take that dedicated run it would have to pay a ridiculous amount per mile to justify doing it instead of OTR. Questions such as how much do you value time at home come in to play here.

    I suppose if the rate is high enough and you don’t have things taken out such as factoring, dispatching, or leased on fees you could make it work. At $3.50/mile you should be able to clear $3k if your equipment is paid off. For me it would have to be higher to consider it. Like $4+
     
    Kshaw0960, May 24, 2023 at 7:11 AM
    Kshaw0960, May 24, 2023 at 7:11 AM
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  4. May 24, 2023 at 12:18 PM #3
    FML

    FML Bobtail Member

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    Mar 22, 2020
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    I offered $1250
    They said they need to be around 600 on the rate. LOL
     
    FML, May 24, 2023 at 12:18 PM
    FML, May 24, 2023 at 12:18 PM
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  5. May 24, 2023 at 12:48 PM #4
    Ruthless

    Ruthless Road Train Member

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    ask them where you pick up their truck to drive lol
     
    Ruthless, May 24, 2023 at 12:48 PM
    Ruthless, May 24, 2023 at 12:48 PM
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  7. May 24, 2023 at 1:39 PM #5
    tscottme

    tscottme Road Train Member

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    Nashville, TN
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    You know the actual weight will be more than 30k, right? Do brokers ever underestimate the weight of freight? Maybe it's downhill, both ways.
    $1.15/mi seems like signing up to swim with an anchor in your pocket.
     
    tscottme, May 24, 2023 at 1:39 PM
    tscottme, May 24, 2023 at 1:39 PM
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  8. May 24, 2023 at 4:47 PM #6
    Opus

    Opus Road Train Member

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    Oh my.
     
    Opus, May 24, 2023 at 4:47 PM
    Opus, May 24, 2023 at 4:47 PM
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  9. May 24, 2023 at 4:55 PM #7
    loudtom

    loudtom Road Train Member

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    Why are they even asking you for a quote if they already had a price point?
     
    loudtom, May 24, 2023 at 4:55 PM
    loudtom, May 24, 2023 at 4:55 PM
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  10. May 24, 2023 at 5:18 PM #8
    LoneRanger

    LoneRanger Road Train Member

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    Got to have a daily rate.

    $1200-$1400 seems reasonable. Don’t matter if it 300 miles or 600. They need to tie up your rig for one day that’s why.

    they’ll find a moron to do it.
     
    LoneRanger, May 24, 2023 at 5:18 PM
    LoneRanger, May 24, 2023 at 5:18 PM
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  11. May 25, 2023 at 10:38 AM #9
    FML

    FML Bobtail Member

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    Mar 22, 2020
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    Maybe they were secretly hoping we had a magical truck that runs on fairy dust and operates at the cost of a handful of wishes! Unfortunately, our truck is powered by diesel and requires a bit more than magic to keep it rolling.
     
    FML, May 25, 2023 at 10:38 AM
    FML, May 25, 2023 at 10:38 AM
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  12. May 26, 2023 at 8:24 AM #10
    fortycalglock

    fortycalglock Road Train Member

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    That sounds like FL broker freight. I just ignore those type of bid requests now from brokers.
     
    fortycalglock, May 26, 2023 at 8:24 AM
    fortycalglock, May 26, 2023 at 8:24 AM
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