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Neckster
Joined: 24 Jul 2005
Posts: 55
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| Posted: Fri Aug 11, 2006 1:20 am Post subject: Is $1.26 per mile ok? |
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| Local cpmpany is paying $0.93 plus $0.33 total of $1.26 per mile as o/o, they also pay all tolls, scales, bridges, trailer repairs if needed, and lumpers. Is this a good deal? Thanks. |
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SteveBooth
Joined: 18 May 2005
Posts: 3501
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| Posted: Fri Aug 11, 2006 1:32 am Post subject: |
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I have actually called about 10 places so far looking to lease on as an owner operator and what you got quoted is the best I've seen so far. I'm sure people will tell you that you can do better but I've just LIVED this experience.
The best I came up with was $0.90 without a trailer and $0.95 with your own trailer and 74% of FSC.
This is under the assumption you are leasing on to them. |
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brian
Joined: 02 Jan 2005
Posts: 998
Location: over here
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| Posted: Fri Aug 11, 2006 2:05 am Post subject: |
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74% of fsc is total horseshit!, the truck should get all of it.
and I wouldn`t run for 1.26 a mile, well not unless I was just starting out and it was gonna open up doors for increased revenue. |
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SteveBooth
Joined: 18 May 2005
Posts: 3501
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| Posted: Fri Aug 11, 2006 2:08 am Post subject: |
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brian wrote: 74% of fsc is total horseshit!, the truck should get all of it.
and I wouldn`t run for 1.26 a mile, well not unless I was just starting out and it was gonna open up doors for increased revenue.
So, what is your suggestion, some real numbers and company names? |
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brian
Joined: 02 Jan 2005
Posts: 998
Location: over here
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| Posted: Fri Aug 11, 2006 2:17 am Post subject: |
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| hell its a hobby for you right, I suppose 90 cents a mile is just fine. |
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btinc
Joined: 20 Jan 2004
Posts: 708
Location: N. Ca
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| Posted: Fri Aug 11, 2006 7:06 am Post subject: Re: Is $1.26 per mile ok? |
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Neckster wrote: Local cpmpany is paying $0.93 plus $0.33 total of $1.26 per mile as o/o, they also pay all tolls, scales, bridges, trailer repairs if needed, and lumpers. Is this a good deal? Thanks.
Will you be using there trailer, who will pay for base plates and permits, any fuel discounts.
However, you need to know what it will cost you per mile to operate, it will be the only way you will know if the deal will work. |
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Neckster
Joined: 24 Jul 2005
Posts: 55
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| Posted: Fri Aug 11, 2006 7:29 am Post subject: |
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The base plates, bt insurance, commdate, accountant fees, and without looking it up a few other things come out to be around $300 per month that the company will deduct from me. I'll be pulling their trailers, i.e. such as wal-mart, target, and long haul freight, and yes there is a company discount for fueling at their terminal, it's like $2.85 per gal. For starters I will be leasing an older truck, 1997 which the motor was just rebuilt from top to bottom for 16k, new drive and steer tires, and $2,700 in shocks and springs. My payments will be $800 per month for 24 months. The terminal is only 45 miles from my house. The company is called BRISK TRANSPORTANT they are nation wide based out of Tx. I've researched them and talked to drivers who are really happy with the company.
Thanks... be safe!
Neckster. |
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mudawg
Joined: 03 Mar 2006
Posts: 118
Location: New Hampshire
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| Posted: Fri Aug 11, 2006 7:32 am Post subject: |
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| Hey Steve any company that takes anything off the top fsc is scum,stay away from them kind of companies.The fsc is to be 100% of the gross to the truck that is buying the fuel no other way is exceptable. |
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NoProblem
Joined: 31 Dec 2004
Posts: 95
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| Posted: Fri Aug 11, 2006 8:14 am Post subject: |
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This is an area I am very much interested in, because after many years in the transportation industry, we are entering the T/T arena, signing on O/O teams - and perhaps some solo drivers.
First, let me say that the whole FSC thing is a bit confusing to most drivers.
If the customer has agreed to a set rate for FSC, the driver should get 100% of the FSC - nothing less.
The FSC is actually an "over charge" to the customer to help pay for the fuel used to haul their load. Do not depend on any FSC to pay for all of your fuel - if it happens, thats great, but the FSC is only intended to help pay for the rising price of fuel, not completely cover it.
As for base plates, insurance, etc. - $300.00 per month sounds a bit low. I just got a bunch of quotes for those items and have not found it to be that cheap anywhere - but good for you! The cheapest I found was over $800/month - and I'm still looking.
Anyhow, we are still in the investigative mode, but are considering $1.00/ mile + FSC (approx .25/mile at today's prices) and a flat .70/mi for all dead head miles after the first 50 miles. Our FSC will change weekly with the national average price of fuel.
I would be very interested in, and value all constructive opinions, advice and views regarding the above rate structure - - - keep in mind we are at least a few weeks away from signing anyone on, and the above rates are merely a fore thought and, perhaps - based on replies, will be adjusted accordingly.
Thanks |
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solo379
Joined: 14 Feb 2004
Posts: 3145
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| Posted: Fri Aug 11, 2006 9:08 am Post subject: |
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SteveBooth wrote: I have actually called about 10 places so far looking to lease on as an owner operator and what you got quoted is the best I've seen so far. I'm sure people will tell you that you can do better but I've just LIVED this experience.
It's depends on who you are, i mean experience, and record wise.
Basically, it's just a "survivor starter kit", like Brian said;-"just to open a door" :) , and yes, it's not too bad, for that.
Too bad, is that a lot of folks, make it permanent! :sad: :wink: |
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Teal 95 KW
Joined: 25 Nov 2005
Posts: 654
Location: Texas
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| Posted: Fri Aug 11, 2006 2:12 pm Post subject: |
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SteveBooth wrote: I have actually called about 10 places so far looking to lease on as an owner operator and what you got quoted is the best I've seen so far. I'm sure people will tell you that you can do better but I've just LIVED this experience.
The best I came up with was $0.90 without a trailer and $0.95 with your own trailer and 74% of FSC.
This is under the assumption you are leasing on to them.
Coming in as a so-called "owner/operator" with NO experience at all, you should be happy with that $1.26 a mile. I would argue with the FSC though, that's something that should go to the truck 100%. $1.26 isn't horrible for a first timer though, ya gotta get your feet wet SOMEWHERE. My first gig was pulling a stepdeck at $2.00 a mile and 85% (supposedly) of FSC. |
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Bigmon
Joined: 13 Jan 2006
Posts: 687
Location: S. Cal.
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| Posted: Fri Aug 11, 2006 2:22 pm Post subject: |
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| How much is the FSC? If the FSC is $1 per mile and you get 74% that's a different story. |
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SteveBooth
Joined: 18 May 2005
Posts: 3501
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| Posted: Fri Aug 11, 2006 2:32 pm Post subject: |
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| I don't know how much the FSC was and I'm sure that's something they would say would be different for every load and I would take the short end. I guess it doesn't matter in my case since I was able to get my insurance. I applied to www.dotauthority.com yesterday and have my MC and DOT number and it should take less than 6 weeks for my authority to be in place. My offer on that nice red Western Star was accepted so I'll be heading to Oklahoma next week to drive it back to New Hampshire. I'll also be wearing Depends for the ride as I'll be having a fit on my own for the first time!!! |
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Jackrabbit379
Joined: 22 Oct 2005
Posts: 4741
Location: Wichita Falls,Tx
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| Posted: Fri Aug 11, 2006 2:55 pm Post subject: |
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| Yeah,that is a bunch of hog wash when companies rip the drivers of the FSC. Is the company buying that fuel,or is the driver? Hmm. There should not be any reason why any company should get an ounce of FSC. I'm not an owner opp,but I have friends that are,so I cant say a whole lot,but if I was,and if I was driving my truck,if I had one,I wouldn't touch anyone that didn't pay 100% on FSC. |
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solo379
Joined: 14 Feb 2004
Posts: 3145
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| Posted: Fri Aug 11, 2006 3:02 pm Post subject: |
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Jackrabbit379 wrote: I wouldn't touch anyone that didn't pay 100% on FSC.
Exactly! 8)
It's just shows, what kind of people, you'll be dealing with! :x |
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