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

To be clear, not taking about l/p but true owner leading on.

 

Exactly what i was saying.

 

Then the real question is how much of a profit can you make at $1.40 a mile if you get consistent miles.

This year I'll clear $62K to the truck. I hold back $12K of that for maintenance. My truck payment is $30K. The truck will be paid off in 21 months. At which time I'll be clearing $92K to the truck before taxes and writing down my per diem and ancillary expenses.

Now other advantages. I get a most of my consumables free or at a steep discount ... fuses, washer fluid, glad hand gaskets - free. Headlamps, wipers, oil around 70% off the t/s prices.

Now the down side, I have to run my butt off. Will I stay with my current carrier when I pay the truck off? I don't know. There is a high level of security where I'm at, I know what can get. I've been getting it consistently for over 3 years now.

 

I think the highest rate that I have seen for mileage is $1.08 plus fsc that would push the rate up $0.40-0.50/mile. That was for pulling a box around. I don't recall your mentioning the type of trailer, but I will assume you are talking about pulling vans.

 

LOL Fuel Cost PM alone at 3.79 Gallon = .63 pm at 6 MPG Average. Can someone please get a hammer and knock some sense in these people hauling for those rates. Even if you owned everything free and clear it still wouldn't make a difference cause cost of everything else besides fuel. I'm so Flabbergasted over this. But guess I shouldn't complaining being they don't know how to get the paying loads.

 

My truck was paid for the day I picked it up and drove it home. For a year and a half in a lease making 95 cpm loaded (practical miles) + surcharge (45 cpm the last week I was there) and 90 cpm empty miles (no surcharge empty) I could never save up any money for the life of me. Had no debts and minimal bills. I did have lots of mechanical problems that first year though. Consistently average a little over 3,000 miles a week too. I knew it wasn't a long term situation when I went into it and had always planned to move on to better things. I did that and came out much better off. In fact last year I had to pay for an expensive inframe overhaul that, while it certainly wasn't a pleasant experience shelling out nearly $30k, I had the funds and had recovered them fully within 7 months time. If I had remained at the old company with the consistent miles at go broke rates that inframe would have been the end of my owner operating - back to a company truck I would have went and sell the truck for salvage... ....like someone posted earlier. Yes you can run at those rates, and sure the freebies look nice give you a warm fuzzy feeling.. ...you're cash flowing but reality is you are slowly going broke.

 

Even owning free and clear what about replacement, nothing last forever. 12000 a year maintence that wont touch a major break down. I researched some flat bed companies, true owner op deals. Best I could find was 2.00 a mile with fuel surcharge. But if you pulled there trailer it cost you. I have another truck sitting and was toying with the notion but no thanks.

At .65 cpm for fuel
.10 cpm for trailer
.08 cpm for insurance
.10 cpm for maintence and plates
where are my drivers wages if I own and drive truck out right?

 

i was wondering why any o/o would lease on to those companies myself. but if the truck is paid for. least they have some chance of some profit. unlike the megas offering the same pay but with those HUGE weekly payments.

if the truck got 7 mpg. it might be somewhat doable. depending on the breakdown of the contract. but the rate bill is talking about, is really no different then the lowball rates on the board these days. if you were running your own show.

 

You are 100% wrong but good try. 18 tires, DOT Inspections,Maintenance, insurance and all that not even in those factors. Only majority of time some MAY get 7mpg all the time if not running mountains and all over and staying on flat land. Ya'll can pick all you want trying to make sense of it but I majored in Math and all facts lead to pennies profit compared to any company driver. JMO

 

Exactly. What are these people thinking??