What is your rate as a IC not a O/O leased on

The thing is my co has direct accounts and I dont have or need to figure it out. But if you want to share I am all ears. That is why we are all here to help each other, right?

 

I will take your word for it.

 

Some can.They would have to play there cards right..It's the old saying.''The more money you make,the more you spend''...

 

I plan on saying no to cheap freight till im ready to quit. the truck i have now is the last 1 i will ever buy. from now on whats left is going towards investment properties. I have always lived way below my means.
Rates have not kept up with inflation, but rent on multi unit housing in decent areas has. trucks lose value. property generally does not(and i am not dumb enough to buy at a real estate boom price). That is my retirement and if i dont make it work, then i will answer to the guy in the mirror.

 

I'm with you on this. I see a lot of companies with a matching 401k's. If a driver planned it right he could invest in the 401k and be set a retirement.

 

Property here in Florida is a buyers market. We got our house for 35k it had Chinese drywall in it never been lived in we invested another 20k redoing the drywall and we had our house appraised at 175k.

 

I know a guy who fixes sink hole houses down there. the guy makes #### good $$$

 

I share on here every day. You're the one who implies I'm a liar. I'm out here doing it bud and I'm happy with my operation. I'm not the one on here that's apparently a tad disgruntled with their lot in a seemingly deadend profession. I'm also not one of these guys that's in it for the wrong reasons either. It's my chosen profession and all I've ever wanted to do.

Contract and spot are different animals. There is no comparison. Based on what you post I'd be surprised if you were within 60 cents a mile of my to the truck rate on actual hub miles. Do you even keep records on that stuff and know exactly? I take it from your general statements you really don't have a clue. From the vague info you post we don't know if you get paid to deadhead or not or what your percentage of the cut is.

Some rough math in my head I do know based off what you post about your company's contracted rates (which you mistakenly try to corelate to spot market rates) that if your deadhead is typical 10-12% of most dry van companies that there's no way you're anywhere near 20 cents a mile of with what I average. I know this because I know what my numbers are and where I'm at. I also know that $2.50 a mile, on loaded miles, is a very low rate that will cover very little deadhead not to mention your company's cut off the top of that $2.50. I do this kind of math every day sometimes several times a day on my own numbers, which of course I know EXACTLY where I stand to a penny. $2.50 a mile on 500 loaded miles plus 60 deadhead miles paid at zero, or even 90 cents a mile to deadhead minus 10% or 15% or 20% to the trucking company with the numbers is some really cheap running.

Would really like to know the name of the company you are leased to they're pretty unique if they provide and do all the things you say and their operators average $2 a mile on the hub? Real miles, not "your best guess" on miles. It's about 50 or 60 cents a mile more than what typical hand holding companies pay contractors pulling dry vans.

 

Well I did not say I dont believe you. It is also true though that 2.20 is your recent update. It is only fair that since you have to look for those loads you should be compensated for that extra effort.
My math is ok. Dont have a problem with it and dont want to repeat a zillion times the same thing.
As far as being disgruntled I am reasonably happy with this occupation. I only wish I did not have to work at all

 

I feel I am compensated very well for what I do. I do work hard to get it no doubt about it. Year to date my loaded miles average before 11% comes off the top is $3.78 per mile on average length of 228 miles haul. Deadhead pulls it down, my deadhead miles pay zero, and increase my average length of haul to 325 miles. Last year I ended up at $2.19 to the truck on 76k miles. This year that's up 15 cents a mile but volume is down I might end up turning 55k miles total for 2013. I get plenty of hometime and that is the most important thing to me, not miles nor money, but I am a bulldog out here pushing aggressively on rates.