My First

[xcarsalesman]

Here are my numbers for my first 10 loads. These are all hub miles. I went with this co, that pays 80% of the line haul and 100% fuel surcharge. This is a dry van company and they do have company drivers. My plans is to stay with them for 6months. I'm still learning freight lanes, as you can see i will not be going into FL. I am not leased to this company, i have my own authority. I only pulled there trl, they don't charge anything for that. The only deductions are 13.50 wk for qualcomm. I have been using there fuel card, you can only use at loves and pilot. You only get .02 off the pump price. So, far i am please with them they keep me busy.

[henboy1]

Richard Pryor, to tell you the truth those #s are good for a dry van.I advice you to stick with this company because you have no maintenance on a trailer and you are grossing as much as I do with my own trailer.Who is this company anyway?I don't think JB hunt or Interstate power only company even gross as much as you do with a van.

[xcarsalesman]

Richard Pryor, to tell you the truth those #s are good for a dry van.I advice you to stick with this company because you have no maintenance on a trailer and you are grossing as much as I do with my own trailer.Who is this company anyway?I don't think JB hunt or Interstate power only company even gross as much as you do with a van.

I was waiting on someone comments , i rather not say who the company is at the moment. I can say this its not jb hunt, i was lookin at jb , but decided not to go with them. They have to many deductions.

[henboy1]

I was waiting on someone comments , i rather not say who the company is at the moment. I can say this its not jb hunt, i was lookin at jb , but decided not to go with them. They have to many deductions.

You damn stand up guy!Didn't you try to burn yourself at one time?LOL!
I wanna know the company.I am working on something and I need a company like that.$4000-$5000 gross a week in pulling someones trailer is not bad.

[YerDaddy]

Those numbers aren't that good Henry.

10217.59 total money
÷ 6930 total miles
= 1.47 per mile
- .38 FSC
= 1.09 per mile proper

Now that's better than the 90 cpm crowd but if you have your own authority you need to have current liability and cargo insurance.
If those cost you $10K/year (which is low estimate) you're talking 10cpm if you run 100K a year.

That drops it down to 99 cpm proper.


Isn't PTL the one who you pull theirs with your own authority?

[GMAN]

I would include the fsc when looking at the total rate. No matter how you break it out, you are averaging $1.47/mile. It doesn't make any difference whether part of the money is the fsc or the total rate. The load pays the same. By the way, your estimated cost of cargo and liability insurance is probably a little high if you have been driving for a few years and have a good MVR. I pay less than $4,000 for just liability and cargo. I would expect that most people starting out would pay around $6,000.

[GMAN]

Isn't PTL the one who you pull theirs with your own authority?

I believe PTL and JB Hunt both use those with their own authority to pull their trailers around.

[henboy1]

I believe PTL and JB Hunt both use those with their own authority to pull their trailers around.

Yer daddy, let's be realistic.I have 3 trailers and 2 trucks.I have spent 1500 on 1 flat in the past 2 months.Compare his #s to what is being offered on the boards. $1.47 for dry van?rates on the boards are more like $1-$1.20/mile running 700 mile runs.Tires alone on this flat trailer that I a m pulling will cost me another $700.Not the greatest rates but decent compared to what is post out there.He has no trailer interchange insurance or maintenance.

[RostyC]

my renewal is for my third year is 5759.00. no accidents or claims.

[GMAN]

my renewal is for my third year is 5759.00. no accidents or claims.

Where you run and are based is also a factor in calculating insurance rates. I do have a very good rate compared to many in this business. In fact, the company that I am with raised my rates 30% a couple of years ago and was going to hit me with another 25% last year due to driver turnover. I fired them, found a different agent and they came back with a much better rate. I actually received a small reduction this year when I renewed. With collision I pay about $4,200/year. I believe my cargo and liability alone runs about $3,700/year. I will need to check my policy for the exact figure. My rate is about where it was 3 or 4 years ago. It got up to about where yours is for one year. I believe that Great West did come back this year with a premium about what you are paying. One company came back with a premium of over $9,000. I have essentially had the same insurance company for a number of years and have never had a claim or moving violation. I also have had a good safety score. It is all a factor. It also pays to check around. Rates can vary widely.

[RostyC]

Where you run and are based is also a factor in calculating insurance rates. I do have a very good rate compared to many in this business. In fact, the company that I am with raised my rates 30% a couple of years ago and was going to hit me with another 25% last year due to driver turnover. I fired them, found a different agent and they came back with a much better rate. I actually received a small reduction this year when I renewed. With collision I pay about $4,200/year. I believe my cargo and liability alone runs about $3,700/year. I will need to check my policy for the exact figure. My rate is about where it was 3 or 4 years ago. It got up to about where yours is for one year. I believe that Great West did come back this year with a premium about what you are paying. One company came back with a premium of over $9,000. I have essentially had the same insurance company for a number of years and have never had a claim or moving violation. I also have had a good safety score. It is all a factor. It also pays to check around. Rates can vary widely.

oh yeah, you've been at this a lot longer than me, you should have better rates. I wasn't doubting your figures, just posting mine since my renewal is sitting right next to me.............. at this very moment................ staring at me............... relentlessly.

[no_worries]

I would include the fsc when looking at the total rate. No matter how you break it out, you are averaging $1.47/mile. It doesn't make any difference whether part of the money is the fsc or the total rate. The load pays the same.

He was proving the point that the rates aren't that much better than the $.90/mile crowd...direct comparison.

[Bigmon]

The nice thing about this deal is he doesn't have to pay for a trailer if he takes a week or two off.

[Musicman]

I don't think JB hunt or Interstate power only company even gross as much as you do with a van.

If you're referring to Interstate Distributors out of Tacoma... they pretty much quit paying their contract carriers two months ago.

[monale770]

doesn't forward air have a deal where you can pull their trailer with your own authorty? i have been noticing quite a few trucks running their own numbers with no faf markings pulling faf trailers.

[GMAN]

It is a pretty sweet deal for the brokering carrier. They furnish a trailer and freight. The contracted carrier furnishes the truck, insurance, fuel and cartage insurance for the brokering carriers trailer. I would expect that if the IRS is successful in forcing carriers to consider owner operators as employees that more will take this route to avoid the additional taxes.

[GMAN]

If you're referring to Interstate Distributors out of Tacoma... they pretty much quit paying their contract carriers two months ago.

I think that it was Interstate Distributors who lost the lawsuit about taking taxes out on owner operators. The government won the suit but will lose a lot of future taxes if they go out of business. I hope those who participated in the lawsuit enjoy their unemployment checks.

[Musicman]

I think that it was Interstate Distributors who lost the lawsuit about taking taxes out on owner operators. The government won the suit but will lose a lot of future taxes if they go out of business. I hope those who participated in the lawsuit enjoy their unemployment checks.

I know they were among a few Washington based companies who were being sued in a class action lawsuit involving mileage based drivers demanding overtime pay. That was in 2008 and I haven't seen anything new about it since. They have been having liquidity issues this year as many other business have, and recently completely stopped paying all or some of their "contract carriers."

As far as I know, their employees are still receiving regular paychecks, but of course state labor law protects them where it could care less about the contract carriers. I really don't know if the cash flow issues have anything to do with the lawsuit filed in 2008, nor do I have any idea as to the status of said suit.

[GMAN]

oh yeah, you've been at this a lot longer than me, you should have better rates. I wasn't doubting your figures, just posting mine since my renewal is sitting right next to me.............. at this very moment................ staring at me............... relentlessly.

You are right, we should get better rates for length of time in business and by not having claims. I know what you mean about the bill staring back at you. I waited until the last minute to renew my policy. I was still hoping that I could get a better rate from another company, but I do like my current agent. They do a good job for me. there were several who didn't get a rate back to me once they found out what my current company proposed. My insurance agent told me that he usually doesn't see a rate as low as mine. He said that most are over $6,000 and he rarely sees a premium under $5,000.

[GMAN]

I know they were among a few Washington based companies who were being sued in a class action lawsuit involving mileage based drivers demanding overtime pay. That was in 2008 and I haven't seen anything new about it since. They have been having liquidity issues this year as many other business have, and recently completely stopped paying all or some of their "contract carriers."

As far as I know, their employees are still receiving regular paychecks, but of course state labor law protects them where it could care less about the contract carriers. I really don't know if the cash flow issues have anything to do with the lawsuit filed in 2008, nor do I have any idea as to the status of said suit.

Thanks for clearing that up. I didn't recall exactly what the suit was about. I still can't believe that the courts ruled in behalf of the plaintiffs in this case. I don't see how any company could afford to pay a lawsuit such as that.