When it's $1.48/mile versus .48/mile why not aspire to be an o/o?

So if someone took this job they'd be losing money?

**********************************************************************************************************************

Action Resources is a premier transportation company of industrial chemicals and hazardous waste with decades of experience. We are looking for dedicated TANKER and Van (with totes) Owner Operators for our Salt Lake City terminal.

Requirements
-At Least a Year of tractor/trailer experience
-Class A CDL with tanker and hazmat endorsement
-Preferred TWIC card at time of hire


Information about Terminal
-Most are home weekly
-Home for 34 hour restart to 3 days
-Key Lanes: see map

Owner Operator Truck requirements
- Height 12' 6" or less for tanker positions, must be 2000 or newer

Benefits of the Company
-Competitive Pay: 65% of load for tankers
-Mileage for Vans, $1.10/mile
-Fuel Discount .15 cpg
-100% of fuel surcharge
-Consistent Freight
-Paid Orientation ($125 a day)
-Achievable Safety Bonuses up to $5000 yearly
-$2,000 referral bonus
-$3,000 Owner Operator Startup Plan for equipment or escrow

Interested in learning more?

 

What then do we make of common ads like the following?

********************************************************************************************************************

Action Resources is a premier transportation company of industrial chemicals and hazardous waste with decades of experience. We are looking for dedicated TANKER and Van (with totes) Owner Operators for our Salt Lake City terminal.

Requirements
-At Least a Year of tractor/trailer experience
-Class A CDL with tanker and hazmat endorsement
-Preferred TWIC card at time of hire


Information about Terminal
-Most are home weekly
-Home for 34 hour restart to 3 days
-Key Lanes: see map

Owner Operator Truck requirements
- Height 12' 6" or less for tanker positions, must be 2000 or newer

Benefits of the Company
-Competitive Pay: 65% of load for tankers
-Mileage for Vans, $1.10/mile
-Fuel Discount .15 cpg
-100% of fuel surcharge
-Consistent Freight
-Paid Orientation ($125 a day)
-Achievable Safety Bonuses up to $5000 yearly
-$2,000 referral bonus
-$3,000 Owner Operator Startup Plan for equipment or escrow
****************************************************************************************************************

Based upon what you are saying taking a job like this one would be a net income loser. Or am I missing something?

 

load 105,500 lbs and run into a 40-50mph headwind across the prairies and 5mpg will sound pretty good. paid 2.99 for fuel this morning.

 

Ok. So what is your prescription for "doing it right" and being in a situation to where you could put 1 million bucks away for retirement? Lease on with a company? Or run your own numbers?

 

Considering that between my benefits and wages it's probably costing the company 60 bucks an hour plus any truck expenses, you would need to multiply that times 4 as an owner-operator to get me to jump in the driver's seat to be able to provide the same benefits package along with wages to the driver. If you took the $1,48 per mile after paying 60 bucks an hour wages and benefits to the driver would your truck be making you any money?

 

To each is own but that IS living to me. I don't need nor want a bunch of material things. I need land!

 

As a person that runs a good amount of Haz/Tanker (totes) in a van predominantly in the western region, Here is what I see

$1.10 + FSC.is way bellow market rate for what a generic van can get. As an example year to date I have averaged $1.95 to the truck for all miles including empty miles. A couple of friends are not happy with their carriers cause they are only netting $1.65 to the truck all miles and have started to look to lease on elsewhere. My opinion is that there is not enough in the base miles contract to offset the exposure of running placarded loads. Those placards are big ol targets that are like neon signs for troopers to pull you over.

With your business background and at one year of experience I would expect that you should be looking at percentage contracts, not miles based contracts. The truck misses out on a bunch of potential revenue with miles based. Miles based leases should be a bad memory not a current day reality.

Looks like this place has company trucks also..... Which trucks will get dispatched first? My bet is the company trucks.

Fuel discount is low.

You could buy a job leasing on with these folks, If you are lucky you may take home an o.k. check but any big repair bill will put you in debt or out of business. A couple of flats close together may leave you questioning you decisions.

 

Yes but i get the impression he is running normal 80k max loads. If he is hauling 105k for 2 bucks a mile he had much bigger problems.

 

I run mostly Oregon, Washington, and California
Fuel in California is about $3.70 a gallon
Oregon best i can find is about $2.69 at 7 Feathers in Canyonville.
Man I'd chew my arm off to get 6 mpg!
I get 6 mpg running empty but not making much money that way.
Have a 2011 Volvo with the D13

 

2 things. First you need to get on a fuel discount program. Second. Tty need to figure out what is wrong with your truck or your driving habits to only be getting 5 mpg.

Another thing... The rate you are running for is rather low. I'd be looking at finding another carrier.