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Jimbpard
Joined: 09 Aug 2005
Posts: 557
Location: Irwin. PA
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| Posted: Fri Apr 11, 2008 8:06 pm Post subject: Dumb Fuel Surcharge question: |
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My uncle just bought a truck and knows absolutley nothing about the trucking industry, so he got me helping him a little bit... :roll:
Anyway, Landstars info concerning fuel surcharge states "100% to the truck"
Does this mean they pay all fuel?? |
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BigDiesel
Joined: 01 Apr 2007
Posts: 1134
Location: Space... The Final Frontier
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| Posted: Fri Apr 11, 2008 8:10 pm Post subject: Re: Dumb Fuel Surcharge question: |
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Jimbpard wrote: My uncle just bought a truck and knows absolutley nothing about the trucking industry, so he got me helping him a little bit... :roll:
Anyway, Landstars info concerning fuel surcharge states "100% to the truck"
Does this mean they pay all fuel??
I am not a Landstar O/O and I hope that one corrects my answer if needed.
100% to the truck would mean that the fuel surcharge paid by the shipper is passed on fully to the O/O. |
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countryhorseman
Joined: 04 Jan 2005
Posts: 731
Location: The Great State of Texas - Seguin
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| Posted: Fri Apr 11, 2008 8:11 pm Post subject: |
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No, it means that whatever fuel surcharge is paid by the customer, will be passed on to the owner of the truck!
Many agents/brokers/ and companies will keep a percentage of the fuel surcharge, although illegal, there is no way to enforce it!
Landstar claims to pass it all through without any deductions, so!
If the Average Price of fuel is $4.00/gallon
The FSC Base is (was) $1.25/gallon <<< depends on the company and region >>>
And figured on an average of 6 mpg
Then:
$4.00 - 1.25 = $2.75/gallon
$2.75 / 6 = .458 cents/mile will be paid to the truck, so in reality, the trucks owner is only paying $1.25/gallon, before any negotiated or cash discounts at the pump!
Hope this helps! |
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Fredog
Joined: 23 Apr 2005
Posts: 2286
Location: North Georgia
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| Posted: Fri Apr 11, 2008 8:13 pm Post subject: Re: Dumb Fuel Surcharge question: |
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Jimbpard wrote: My uncle just bought a truck and knows absolutley nothing about the trucking industry, so he got me helping him a little bit... :roll:
Anyway, Landstars info concerning fuel surcharge states "100% to the truck"
Does this mean they pay all fuel??
it means you get the surcharge which varies according to the price of fuel. no offense but buying a truck with no knowledge of the industry, he is destined to fail.. no company pays for owner ops fuel if they did, they would have a billion trucks leased to them |
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Jimbpard
Joined: 09 Aug 2005
Posts: 557
Location: Irwin. PA
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| Posted: Fri Apr 11, 2008 8:26 pm Post subject: Re: Dumb Fuel Surcharge question: |
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Fredog wrote: no offense but buying a truck with no knowledge of the industry, he is destined to fail..
Hell he dont even have a cdl. He runs a pretty successful towing/junkyard/autobody company, and apparently thinks he can do the same with this. I guess his thoughts are relying on me and one other guy that said he will run for him..
He was originally thinking about only hauling junk cars, scrap, etc, but now he's talking about leasing onto companies and such.
Worst case scenerio is, he dont make any profit with fuel being out the roof, sell the truck as he paid cash for it and owes nothing (96 freightliner), and take a little bit of a loss in what he paid out in insurance and other costs...
We'll see what happens! :shock: |
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Jimbpard
Joined: 09 Aug 2005
Posts: 557
Location: Irwin. PA
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| Posted: Fri Apr 11, 2008 9:11 pm Post subject: |
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Hate to keep posting on my own thread, but 1 more question for now.
Assuming you want your own authority, what numbers do you need and how do ya go about getting them what is the cost and how long of a wait?
PUC #, IFTA sticker, MC #, DOT # ?????? |
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Uturn2001
Joined: 10 Jan 2005
Posts: 4653
Location: East Central IL between the corn and the beans
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| Posted: Fri Apr 11, 2008 9:44 pm Post subject: |
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Jimbpard wrote: Hate to keep posting on my own thread, but 1 more question for now.
Assuming you want your own authority, what numbers do you need and how do ya go about getting them what is the cost and how long of a wait?
PUC #, IFTA sticker, MC #, DOT # ??????
http://www.fmcsa.dot.gov/registration-licensing/registration-licensing.htm
That right there should tell you most if not everything you want/need to know. |
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