Was flipping thru one of those free trucker magazines when I came across an ad from CRST Malone for owner operators. The average loaded rate they were touting was $1.77 per loaded mile plus $0.28 per mile fuel surcharge (as of Feb 07). Their website (
http://www.malonecontractors.com/contractor.html) also makes this claim.
This adds up to $2.05 per loaded mile for o/o leased to them. Seems way too good to be true, especially if you assume they are covering cargo/liability insurance and base plates.
I doubt many with own authority are averaging $2.05/loaded mile.
I know Gman used to run for CRST and has mostly good things to say about them.
I am looking to buy my own truck one day soon and had planned on getting my own authority. But at these rates, why bother with all the paperwork? No cargo/liability insurance, no IRP, no IFTA reports, and no billing and cashflow problems.
What's the catch here? What am I missing? Any input would be appreciated.
BTW, I spend a lot of time reading posts on this forum and have learned a great deal from all of you. I rarely post because, well, I rarely have anything intelligent to say... Do have a lot of dumb questions, though...
Thanks