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

Yep i played paying all my expenses pulling a reefer thought it was peeches and cream ....not was making about 80 cpm but lumpers were a fight to get reimbursed productivity was all over the board..,,switched to a smaller % but contract covered washouts reefer fuel lumpers and access to the trailer pool...,,funny thing is they were getting a higher rate on the same effing outbound freight my net at end of day is now north of a dollar a mile and myproductivity is up almost 50% i have no desire to be anything close to a one trick pony added benefit carrier offered to sell me their fleet truck with 8% interest at about 15k under retail with full access to maint history and. A week or two test drive, ,,,,some of the benefits are not allways measurable like reduced stress and lower risk but hey it is what it is

 

It has been a little while since I ran the numbers, and fuel is down since then, but I was looking at between $1.65 and $1.75 at 120,000 miles a year is what in independent O/O needed to see to make enough over what a company driver made and justify the risk. And I understand that there are more variables to all this than can be listed in 30-pages of posts but you have to start some where.

For the most part, and Cowpie has given a better run down on what he does in other threads, the typical O/O leased to a carrier may be making more than he would as a company driver but they typically aren't budgeting in replacement costs on top of maintenance. And when they do that the numbers turn ugly. Plus they have to run soul sucking miles in order to really make it work.

This is all coming back as an interest for me as the company that I run the Expedited division for wants me to start bringing in O/O tractors but the $1.40 range pay just doesn't work for me or in the model we run with Expedited. Because at $1.40 you have to run miles. But in expedite you have to be willing to sit for those better paying loads.

So assuming you get all the big company discounts and perks that come in at around $.10-$.15/mile what is the number works pulling a van. Remember, this is looking at drivers that are looking at less risk and want someone dispatching them.

 

in another thread you stated you were going to become an owner /op in jan 2014. if so, how do you know all this about loads you are getting.

 

Every carrier is different, it all depends where you live in the US, I lease on to an carrier in the Chicagoland area they have a terminal in St. Louis, Kansas city, doesn't pay the same in Chicago.

May rate at follows:
1.10. Plus FSC as of today 41%. Goes off the national average.
bobtail, emply miles 1.00 Plus FSC
bonus, 1% of all the freight you pull in that quarter ( average for me been around 890.00 )
All scales tickets paid and tolls paid for.
No QUALCOMM charges ( free )
discount at the pumps for flying J, pilot, loves, TA, and Petro high as .12 off cash price
all quarterly inspections paid for.
license plate discount/tire program not the greatest.

Some of the routes I drive pays more in miles than the actual miles are. High as 90 miles more some routes.
if you are a good driver and your truck is well-maintained they will keep your moving constantly, no slow time for me. I am home 75% of the time possibly 2 to 3 days out at a time ( some times) but that my doing.

I do an average about 2500 to 3100 miles a week.

my average fuel economy on Winter blend is 7.4 most of time I'm in the eights.

 

Because I just didn't go get a truck and think I'm an O/O. I been working on this for almost 5 months. Knocking on doors (local shippers) and making cold calls to shippers I dealt with when company driver and got to know. NOT saying anything Guaranteed but I have 3 choices out of Florida and that's a HUGE plus to start. Plus I can haul Van.Reefer,Hazmat and if I'm in right freight lanes I can get loads. And a few O/O's I know that have great brokers shared them with me and I was recommended. Ive researched and researched best I can and I don't see how I can fail. My Math figures to stay in business is based on worse scenario 5MPG etc. Long as I do at lease 2k miles a MONTH i can make it. Just confident. Nothing guaranteed. Good thing is Jan to early March worse time for O/O so I'll get a great start on how slow time is going to be. Danggg I'm so excited. STAY SAFE!! Happy Holidays!!

 

That, right there, is where you're headed for trouble. Optimism is all well and good, but particularly in this business, you have to plan for the worst. Call me a pessimist if you like, I've got thick skin

Murphy's Law is an evil little thing. Don't tickle it.

 

well then, all I got to say then is this, you need to even out some of your posts on this forum then. you haven't pulled your first load on your own and offer some opinions that seem to be set in stone.

it will be far different when you actually start doing it, don't let some of these opinions you have formed get to be to rigid or you may very well not make it. one thing you have to develop is flexibility. I been working on this for over 33 years and its still a work in progress.

 

Feel free to poke holes in this pictogram:

http://www.tbsfactoring.com/sites/www.tbsfactoring.com/files/TBS_Infographic-vertical-FINAL-web.png


I will not roll for 0.36 sense a mile gross. But it will gives us a reference point for discussion.

 

did you get my PM?

 

must be some darn good freight in florida. to pay enoough to only need 2000 miles a month.

considering everyone else has a tough time in that state.