Truck Load Rates Halt 8 Week Slide 2.0

I met a lease operator yesterday at a shipper that runs under the authority of a huge Carrier/Freight Broker. Really nice guy, enjoyed meeting him and talking to him.

He was really pumped about the dry van rates he's been seeing with the company he runs under. He told me he was loading for a trip to the N.E. over 3,000 miles! I was like AWESOME!

He said: "yeah, the load is paying $8,000 to the truck!"

I said: "Is that before or after ******** gets their cut?"

He said: "Well, before they get their cut."

I say: "What's their cut?"

He says: "$35%"

You can do the math...

 

Also, I'm not and wasn't trying to denigrate that operator. It's all relative to the individuals perspective and goals.

To him, a 3,000 mile plus load at $5,200 (using their trailer) was worth it.

 

He told me his cut would be 71% instead of 65% if he was using his own trailer.

 

I asked him about that and his response was it was nice not having to worry about dealing with a trailer payment/purchase, maintenance upkeep, etc.

 

It looked like he was pulling a nice trailer. Which as I understand it, this particular company has issues from time to time with available trailers, so, some guys probably prefer to hook to a nice trailer and stay hooked to it as long as they can.