Taking the plunge. My journey as an O/O.

Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    On some of the associated costs owner operators don't plan for is where is the deductible going to come from in the event you have wreck and have to pay it?

    No one plans or expects it to happen...

    But it did happen to a buddy of mine who is leased on to a fleet of about 150 trucks.

    He got distracted and left the road, turning the truck on it's side. $7,500 deductible for the truck, trailer & cargo.

    He didn't have the money to pay it and had to borrow it.
     
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  2. Farmerbob1

    Farmerbob1 Road Train Member

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    Okay. Got the results for my engine oil analysis today. No red flags, the oil indicates a healthy engine.

    Now, that means that either some efficiency settings were wiped by Crete as part of the o/o conversion when they set the truck up with the new governor settings, or the change is environmental due to the severe cold and increased top speed, or there might be something wrong that an oil analysis wont pick up.

    The air filter is new now, so that isn't it.

    I have noticed that the opti idle has been running heavily. It is possible that the cold weather is getting to the batteries. It is also possible that Crete raised the temperature at which the opti idle will activate to warm the block. If the default factory setting is higher than the Crete corporate setting, that might explain it.

    I will start looking for a good place to combine a 34 with a battery inspection/test and possibly a dyno and/or a check in the programming for potential efficiency settings.
     
  3. Farmerbob1

    Farmerbob1 Road Train Member

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    In addition, I called Crete today and they say that they have no way to add gallon totals to line items for fuel purchases. I will have to manually calculate.

    I pulled a recent transaction on the Loves web page:

    On 1/25 I purchased 131.734 gallons of fuel in the Loves Mifflinville, PA location.

    Cost on receipt: 464.89
    Cash price per gallon: 3.53

    My settlement cost: 381.51
    My cost per gallon: 2.90

    So I saved 61 cents per gallon over cash price on 131 gallons fuel.

    I'll take that. Granted, I do not know if that is a representative discount, or how it is calculated.

    Now, I am not going to screw around and do all the digging and downloading required to get old receipts, then try and do an analysis to see if I can figure out how the calculations are performed.

    I have, however, started keeping receipts of fuel purchases. I can compare a paper receipt to my settlements pretty quickly, and will do so in the future, because it really DOES make sense to watch my discounts.

    So, in a couple weeks, I will be able to easily provide multiple fuel cost data points, and I will do so. Poke me If I fail to do so.
     
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  4. DUNE-T

    DUNE-T Road Train Member

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    That's nice. Nastc shows $3.09 for that area on 1/25. Since Nastc is supposed to be cost plus 3 cents, then Crete is buying fuel under cost?
     
  5. spyder7723

    spyder7723 Road Train Member

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    Where have you read nastc is cost plus 3 cents?
     
  6. spyder7723

    spyder7723 Road Train Member

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    At that location my cost is 3.04 today. However back in Ohio in hubbard it is 2.54. Guess where i would have bought fuel of running acrid 80?

    Those are today's prices, couldn't tell ya what they was on 1/25.
     
  7. DUNE-T

    DUNE-T Road Train Member

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    I think I was told that at Nastc orientation
     
  8. spyder7723

    spyder7723 Road Train Member

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    I think they misrepresented something to you. Their cost plus 3 cents sure. Otherwise i would be consistently buying below cost, and we all know that ain't happening.
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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    I know when I set up as an asset based carrier with LS, the lady told me their fuel program was cost plus .04 a gallon.

    Maybe Crete has a negotiated rate with Love's that allows them to buy fuel below cost ;-)

    A lot of these carriers that lease use all kinds of tactics to attract the lease operators.

    I read some ad awhile back for some company that indicated the lease operator running under their authority only pays like a dollar a gallon, or something like that.
     
  10. spyder7723

    spyder7723 Road Train Member

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    Dart used to advertise something like that. I'm sure it was filed with lots of conditions.
     
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