What is the average pay for O/O's leased onto Companies?

That may or may not be true. It really comes down to the money you keep, not what you make. There are a lot of factors in determining if that type of rate is profitable. What is the fuel surcharge rate and how determined? Are there substantial discounts below pump price for fuel? Are you able to purchase parts or tires at discount prices? Are the miles they dispatch on close to actual miles? Are runs and miles somewhat consistent and do they have a good customer base? Are you willing to do your own oil changes / lubes and a lot of at least the smaller maintenance items? Are you a good shopper for filters, oil, parts, etc? Are you willing to drive efficiently to minimize costs?

I get rates between .88 and 1.08 a mile, based on length of haul but I also get a fair fuel surcharge based on 6 mpg with base cost of fuel at $1.25. Currently .27 a mile. I get fuel discounts that can get as high as .25 a gallon off the pump price. I hardly ever sit anywhere (except for HOS breaks). Am home all but a handful of weekends a year, at home for holidays, and still do around 135K - 140K miles a year (including taking 2 weeks off per year). Primarily run upper Midwest. No company escrow or maintenance requirements. The miles are darn close to actual... I average between 2-3% out of route for all miles all year.

Meanwhile my Net (after all truck/office expenses, truck payment, maintenance, fuel, medical insurance, retirement contributions, taxes, etc) averages $3500+ per month. That is AFTER tax net. Not spectacular, but comfortable.

 

Good post . It's rare to see an O/O give an honest account of their income . Usually they are bragging about "making" over $100,000 per year . Then when you ask them what they reported to IRS for net they start saying what a good accountant they have that gets them a low reportable income .

 

That is a great weekly net to truck Cowpie....This running solo or team? Who you leased onto? Stay safe & Have Merry Christmas.

Just read your post wrong see now that is a monthly net....

 

Well Said cowpie1. Thanks for your honesty.

 

That wasn't weekly....it was monthly.

 

Cowpie1,
Are you leased or running your own authority.. Thank you for your honesty. You may pm me the answer if you wish.
D

 

I think you guys scared cowpie away when you started asking who he was leased to. A lot of guys don't want to say cuz they think that their good deal will go away if their company leases on other o/o's but that really isn't the case. It would just make that company bigger and stronger and able to get more business and improve all the o/o's that are leased on their. This is just my opinion so don't anybody come down on me to hard if you disagree.

 

No... didn't get scared away. Just had a lot going on lately that I haven't gotten online for a while. I am leased to Fremont Contract Carriers out of Fremont, NE. Using their authority. Just a solo operator with them. I really have no problem if someone gets leased on with FCC. Won't screw up my deal. It is a nice 300+ truck outfit (mostly O/O) that treats me fair. I have a great working relationship with my travel agent, and she is a load planning fool! Just like real estate, the key is Location, Location, Location. Since I live in Central Iowa, and am doing primarily uppper Midwest, I live in a great location for the way the freight moves, based on the customer base in the Midwest region.

I won't get rich with them, but I have done better than most in the industry. At least it's fairly consistent running. Lot of bulk commodities that are a little more resistant to the down economy. 2008 was a real good year, but like most everyone else, 2009 was down a little for me. But it was comfortable.

Now, let's see how 2010 is!

 

So which one of my drivers are you? Hmmmmm, working nights for FCC leaves me with too much time on my hands.

 

I am Cliff on trk 555. Terry is my travel agent. Darrell fills in for her when she's gone and he does a stellar job as well. Erik had to really juggle some balls a couple of weeks ago since Terry was gone and Darrell couldn't cover. I have only dealt with Erik on a couple of occasions, but really got a feel for his style that week. Really liked working with him as well. Heck, I can't really say I have ever had a rotten deal with anyone in ops come to think of it in the 2 1/2 years I have been there.