The Good, The Bad, The Honest Truth of a New Roehl Lease Operator

Is that the deal where you go on a website and pick your loads right off of Scneider's board?

 

With Roehls program you are still at the mercy of load planners and with Schneiders program you select the loads you want from a load board and the pay varies on the loads. With Roehl you get a flat mileage rate and fuel surcharge. I am much happeir at Schneider than I ever was a Roehl as a owner op.

 

I'm not being too overt, but I am most interested in Schneider. I am also considering adding additional trucks.

 

The skies the limit. Unless your an astronaut.

 

Schneider is intriguing for sure. If I don't get a response from finance pretty soon I'll just waive it off and move on after my contract. Shouldn't take 3 weeks to determine how much a truck is worth.

 

Before making the switch to owner op I would recommend that you run your company truck like it was yours. Keep track of all your numbers including repairs. Some things you will have to guess on, but trying to make the jump with no idea of how to run your business is going to make things tough. Make sure you have a bit set aside for repairs. Something as simple as a hole in a steer tire will set you back at least $600, plus any road service call. I went in for a simple p.m. and ended up having to have the oil pan replaced to the tune of $1800.00.

 

Good advice. Have been doing this for a couple months now. I go load by load and determine which ones would be sensible to run and which ones wouldn't. Also watch fuel expense, costs of being home, etc.

 

I have found that I need to average a minimum of 400 miles a day to be profitable. If you do something like the Choice system then you no longer chase miles. Instead you are looking at what the load pays the truck versus how long it will take to complete the run. You still need to know what the load pays per mile, but if the load pays enough a short run will work.

 

Don't forget taxes! THAT is whole nother ball game compared to what you've been doing. My accountant recommends figuring taxable income per quarter and paying in 25% of that sum. I was about dead even for 2013 doing it that way!

O/O should pay quarterly to avoid steep irs fines at the end of the year!

 

According to my math I break even at right around 1400 miles. Anything above that and I'm in the black.