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Who is looking to expand? Expanded

Discussion in 'Ask An Owner Operator' started by RGRTim, Mar 7, 2014.

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  1. Mar 7, 2014 #1
    RGRTim

    RGRTim Light Load Member

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    Aug 28, 2013
    Greenville, TX
    0
    To avoid hijacking BigBadBill's thread entitled "who is looking to expand" found here http://www.thetruckersreport.com/tr...operator/243646-who-is-looking-to-expand.html
    I decided to start a new thread and ask this question of Owner Operators.
    If a small fleet owner walked up to you and said "I am going to expand using O/O's, I want you to pull for me and I will give you the package that you want" What would that package be? I am personally intersted in what the reefer hands have to say but all are welcome to provide input. I look forward to hearing what you have to say, thanks in advance.
     
    RGRTim, Mar 7, 2014
    RGRTim, Mar 7, 2014
    #1
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  3. Mar 9, 2014 #2
    RGRTim

    RGRTim Light Load Member

    168
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    Aug 28, 2013
    Greenville, TX
    0
    No takers, Im surprised I figured I would at least get something about a blonde female assistant to do logs and paperwork or something completely outragious.
     
    RGRTim, Mar 9, 2014
    RGRTim, Mar 9, 2014
    #2
  4. Mar 9, 2014 #3
    wichris

    wichris Road Train Member

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    Jan 17, 2011
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    All loads broke down to linehaul and accessorial

    87% linehaul (with trailer)

    100% accessorial(FSC, PU's/drops,ect)

    No "back charges"for insurance, IFTA reporting ect

    Plate re-imbursement after one year

    Fuel card with decent discounts

    Settlements paid upon receipt

    No escrow funds
     
    wichris, Mar 9, 2014
    wichris, Mar 9, 2014
    #3
    RGRTim Thanks this.
  5. Mar 9, 2014 #4
    Ridgeline

    Ridgeline Road Train Member

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    Dec 18, 2011
    Michigan
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    Pretty much what he said.
     
    Ridgeline, Mar 9, 2014
    Ridgeline, Mar 9, 2014
    #4
    RGRTim Thanks this.
  7. Mar 9, 2014 #5
    wichris

    wichris Road Train Member

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    Lot of company's out there like that.
     
    wichris, Mar 9, 2014
    wichris, Mar 9, 2014
    #5
    RGRTim Thanks this.
  8. Mar 10, 2014 #6
    RGRTim

    RGRTim Light Load Member

    168
    119
    Aug 28, 2013
    Greenville, TX
    0
    As mentioned I was actually expecting all kinds of unreasonable replies to that post. Disappointed in the lack of O/O's who chimed in but oh well. Thanks to those who did reply.
     
    RGRTim, Mar 10, 2014
    RGRTim, Mar 10, 2014
    #6
  9. Mar 10, 2014 #7
    BigBadBill

    BigBadBill Bullishly Optimistic

    4,599
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    Oct 2, 2010
    Chattanooga, TN
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    So you are looking at $15k to the carrier. Take $6k out for insurance, $1500 for plates, $1200 for IFTA, permits, etc., $5k for trailer and maintenance.

    Not accounting for office, phones, internet, employees, accounting, legal, etc the carrier clears $1,000 a year.
     
    BigBadBill, Mar 10, 2014
    BigBadBill, Mar 10, 2014
    #7
    pearcetrucking and RGRTim Thank this.
  10. Mar 10, 2014 #8
    wichris

    wichris Road Train Member

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    Jan 17, 2011
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    What do those numbers relate to?
     
    wichris, Mar 10, 2014
    wichris, Mar 10, 2014
    #8
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  11. Mar 10, 2014 #9
    RGRTim

    RGRTim Light Load Member

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    Aug 28, 2013
    Greenville, TX
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    Bill
    In this instance he stated "with trailer" so the 5k for trailer and maint would drop off by even then there isnt alot of meat left on the bone. As mentioned I actually expected guys to come back with $2+ per mile all miles you pay all the permits plates etc get me home every other day and pay me within 2 hours of invoice receipt.
     
    RGRTim, Mar 10, 2014
    RGRTim, Mar 10, 2014
    #9
  12. Mar 10, 2014 #10
    wichris

    wichris Road Train Member

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    Jan 17, 2011
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    Most of my O/O's grossed over 250K. (120-130Kmiles) 4 1/2 days on and 2 1/2 off(some do a 9 on and 5 off run)

    The gross linehaul only was around 225K.(and I haul above 95% contracted freight) That leaves the truck about 195K(before acc) and me, the carrier with approx. 29K per truck @ the 87% (77% without a trailer)

    The FSC per truck is over 50K and approx 10K in accessorials.


    \

    29K is far over 15K


    If you have any number of trucks why would you be on a flat monthly insurance? You should be on a revenue or mileage(or combination) basis.

    Anyone who has a 7K(numbers you used)office cost per truck needs to look hard at their spending.
     
    wichris, Mar 10, 2014
    wichris, Mar 10, 2014
    #10
    RGRTim Thanks this.
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