What's a good rate being leased to a mega?

I don't see how any one can make it on a 1.40 per mile. I am assuming that you are talking about all miles not just loaded. From what I was looking at your numbers are what I found. I couldn't really figure fuel savings it seemed to vary depending on location but I would go with those as well. And I think I am missing something but what? Guess I shoulda hung back and read lol. I was glad I am not the only one.

 

If it is a lease op the pay has lease payment coming out, ins, permits, fuel, etc, tolls and any other fees they can think of such as a maintenance fee you use out of for tires, etc, and some have a variable fee which no one knows what it goes to, but I suspect it goes to pay for the dispatchers so the company doesn't have to pay them. This is why there are so many negative pay checks for lease ops that are solo or even team.

 

I have seen numbers on and it's equivalent to what you are stating, at those numbers I don't see how there is a profit to be made. Even if there are some discounts there still isn't a profit to be made. These drivers are really living on a rice and beans budget.

 

I see those numbers posted on the sides of 53' dry vans all around Memphis.

My guess, the companies advertising these numbers are aiming for the o/o
that don't know any better.

 

Not missing a thing.

 

It's my understanding that to make a living as a l/o for a mega, you've gotta be a trainer. I used to work for Stevens Transport and that's what all the lease guys there said. The company will push it hard with promises of getting rich quick but if you don't become a trainer for them, you'll starve.

 

Probably the biggest benefit is the free use of trailers. I guess the other side of the argument is the 'free' trailer isn't so free when the rate is $1.4

I was going to lease onto another carrier that pays percentage. My current carrier will let me go but there is fine print in the contract that I have to give them 60 days notice so they don't renew the baseplates. The baseplate are good for 6 more months but if I leave now, must pay the prorated amount balance for the baseplate, in effect they will absorb my performance bond that I paid them when I originally leased on. The whole exercise is kind of funny as some of the carriers out there offer a minimum to cover your performance bond up front for the lessee or even attractive sign on bonuses.

 

Not all $.90/mile deals are the same. Let me contrast two carriers that I have worked for - Knight and JCT

First JCT
.90/mile loaded and empty
Surcharge based on 6mpg loaded and empty
free quailcom
free plates
they handle fuel taxes(including stuff like the Oregon miles tax)
long runs

Now lets see knight.
$.90/mile paid loaded only
fuel surcharge paid based on 6.5mpg loaded only
$.60/mile deadhead
weekly Quailcom charge
driver responsible for fuel taxes
free plates
shorter regional runs

Edit: Almost left out something else important. JCT weekly payment is $120/wk then they have an additional per mile payment. Knight only leases used trucks and their payments are around $450/wk. This makes a huge difference when drivers take time off. If a driver takes a full week off they would be $330 more in the whole the next week at Knight. Some places like prime have fixed weekly payments as high as $1300/wk.

 

I have to admit. All this time I been Company I never heard or cared about stuff like this. Now doing what I'm doing i find all this Leased On ridiculous. If you already own a truck and have insurance it's not much more work or money to be O/O with Authority. Since I been on this site I have learned TONS i couldn't fathem before hand. But now I know I'll NEVER EVER have a truck I own or paying on be bossed by someone for those crap rates. I'd pull a load by hand before I'd do that = (Message 9)