It only cost me about $10,000 a year (insurance, Tags, IFTA, Loadboards) and if you really want to brake it down your still paying tags insurance etc so really it only cost me for IFTA taxes and load boards over what you pay......maybe $3,000 a year?
yes I pay for tags, at a reduced rate(1450I think, gotta look it up to be sure) and bobtail ins, of 29 bucks a month. even after the physical damage on truck and new trailer it's still a total cost of just over a grand for the year. that's a far cry from 10 grand. still, I would be happy with 1.90 mile, I do better than that, but if that's all I could get, I'd have no problem with that rate leased to a carrier. if I was still under my own mc number, not so much.
There is more to revenue than just how much per mile. There's also how much per day and how quickly you get it w/o paying for factoring or bogus quickpay options where you're paying exorbitant interest rates on money you should have had within a week or 10 days of cutting the freight bill. There's also the consideration of how much ancillary work is required and how much $$$ you have to front in lumpers and the like that you make no interest on and are just out for whatever period of time. You also have to consider how hard whatever you're doing is on your equipment. I prefer lighter loads, for instance, because they generally cost me less to haul them. Another consideration is "no-pay" where you get burned completely for loads you've hauled for some disreputable customer --- whether it be a shipper, receiver, carrier or broker. $10.00 per mile sounds great if there's many miles --- until the check doesn't clear or even show up and the +10 turns into -1.5. Fact is, it's a competitive world out there, and nobody pays appreciably more than they have to for anything. And if they do, they soon have lots of people on their doorstep offering to cut the rate on whatever it is and the rate inevitably drops, probably to a point lower than the cost of performing the service (kind of like a pendulum) before it swings back to equilibrium, which I'd define as a fair profit for the performance of a quality service. In my experience, gravy trains don't last.
That's why I put a truck on at mercer thinking I could save lots of money and get good rates took me six weeks to learn my lesson $1.78/mi average and only 2,000 miles a week at the most and being gone for weeks wasn't for me....
yeah, and it wasn't you driving the truck at mercer either. again you always compare apples to oranges , look I had my own authority and ran2 of mine and leased on 6 guys even, your simplistic statement of 10,000 a year is a little off. if everything is as low cost as you say, why do you have such a time making money? and complaining about rates. your problem with the truck leased to mercer was a driver you had no control over ( your statement) and trying to compare apples to oranges . and frankly you didn't leave the truck there long enough to know anything about it. you could lease to jesus and not be happy
Again like I have said before rates should be way more than what they are. It pisses me off because I get twice the rates I do on my own versus broker rates, just shows how much brokers keep off the top! I don't have a problem making money it's just when I run out long haul all I get cheap offers coming back in. I have no problem getting $4+/mi freight but like most people including you think wow if I get that outbound anything over $1/mi I'm making good money.... But I'm the opposite if I didn't have my customers I would be trucking because its not worth hauling $1.80/mi freight everyday
I don't think he has ever said he runs for anything over a buck a mile. that's a ridiculous statement. also if you have to get over 1.80 a mile then you have a spending problem. obviously we all want as much profit as we can get, but if you can't make a good living on that rate, you are doing something wrong.
Ya it's called bettering yourself if I only wanted to make $1,000 a week I'd go drive for someone! But I have a wife and kids and I'm the only one that makes money my house bills run $1,400 a month note insurance for cars gas water etc, trucking side cost me about $2,950 give or take depends on how much I'm at the shop...I spend lots of money on my toys and injoy life, I have only sleep in my truck a total of 41 nights all year so call it want you want sure is nice being home almost every night and still have the money to go race on the weekends!
But that is also why its harder for you to live on a 2.00/mile average. I will agree with you rates are still lower than they should be. I will defend you as well we all constantly ##### about rates. But if I remember right you run about 85000 miles a year. If you run 130-150k/year its a lot easier to live on that 1.80-2.00/mile with the lower rates. Every penny adds up when you're running a lot of miles. When you're not running many it hurts. I will also back you up as there's not much more we that are under our own authority pay for as opposed to a leased driver. The cost difference at the end of the year is negledgeable. And I don't have to worry about getting sent all over before I can pick where I want to run. No forced dispatch is a joke, although even being under my own authority I left for Milwaukee Monday afternoon dispatch called at 1230 Tuesday and gave me a Chicago pickup. Yea 14'2" emptytrailer height and they send my butt to Chicago under 14' bridges. Don't think that wasn't a rough ####### ride with the air suspension dumped for a mile to clear the bridges.