Steel Hauling pay for O/O

That's the driver's pay. The FSC varies based upon where the load is coming from. This week I am seeing loads with a percentage based pay ranging from 26% to 56% of line haul, as well as PMB from $0.26 to $0.64. They also have some based off of the 100lb. Again it varies upon the customer and the load.

 

Per mile basis, sorry. I shouldn't use acronyms..

 

If you are wanting to run a flatbed. you seriously need to look at a rate higher than $2 per mile. You have to keep in mind you are going to have to pay fuel tax, mileage taxes in some states ie. KY, NY, AZ, NM you also have to pay for your insurance (liability, bobtail etc) truck payment, your fuel surcharge isn't ever going to cover the full cost of fuel, (I don't care what anybody tries to sell ya, it WON'T) Maint, tire cost, Health insurance, you have to have it now and as an O/O the cost goes up since the most companies only offer minimal help if any. DH cost, you're going to run into DH even if its just to get the truck to the shop to get fixed. You need to look at the rate per loaded mile then add in the cost for all your DH average that out if your not averaging at least $2 per mile on the week you are loosing money. You also have to look at what its going to cost to get your tags each year, what states you want to run. All this changes the game a little bit.
Now you have to ask are you going to lease a truck or buy a truck. if you're going to lease most of the companies out there still pay on a Per mile basis until your lease is paid off. Its not going to be the money you want to make period.
Are you going to buy a truck out right. if so who is going to lend you the money. what kind of interest rate are you looking at.
Are you going to buy rent or lease a trailer?
What about tarps, side kit, curtain side etc
How bout your equipment, chains, binders, straps, coil racks etc.
All of this HAS to be counted into your cost per mile. Then you can really start to say _____ this is what its going to cost to run this truck. But you are not going to run that truck at $1.50 a mile as an average.
Not try to hurt your feelings, I just don't want you to go under and say "If I had only known"......

 

Don't sweat it RERM. Everyone of these discussions turns into a competition on who can prove who is doing it wrong.

 

Can you put up a breakdown of what you think your cost are going to be. Break it all down. How much do you think it will cost for each item, Total, per month, per week, and per mile. The more we know on what type of equipment and actual cost you are looking at the better the advice can be.
Speaking from experience even with a $20k truck my break even cost was still at $1.80 per mile. Just for truck related items. No personal cost included.

 

No, its not crazy its a great business. It would just help if more experience guys would reach out to the new ones and help mentor them, show them the ins and outs. You'll get there just takes time