Is Freight Moving??
#12
Senior Board Member
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,280
Originally Posted by Piece Of Work
My stats show freight picked up starting this month. Thats for a company driver.
What price does an OwnerOp need to get for freight to show an expected profit at $4.00 a gallon? I'm getting around 7.5 MPG, and with some small discounts, my fuel cost is around 53 CPM. Some other companies have a fuel cap, so their drivers could care less.
#14
Is freight moving? I would say so. I have averaged just under 3100 miles a week since the third week of January, when I started turning the wheels for this year. That is dry van, primarily running NE,MN,WI,IA,IL,MO with a couple of runs outside that loop.
Fuel surcharge is at .50 a mile. Maybe more when I check Monday. Rate is based on 5.5mpg and 1.25/gal base. A better fuel mileage than 5.5 means profit.
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Freedom does not mean the choice to do whatever you want. It means the choice to do what you ought.
#15
I am leased to Schneider and we get .92 mile plus .42 FSC, but that is on loaded, empty and BT miles. I usually average 2400 miles a week, but I only work 4 days, and BT 50% of them, and go home every night
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1999 Freightshaker FLD120.... my 1st baby 2005 Pete Low and Mean 2005 9400i Cheap and making money
#16
Freight is much more plentiful now, but rates are way down from where they were a couple of months ago. I was actually offered a load for $1/mile today. There are still some good paying loads out there, but you will need to work much harder to find them and stick to your guns on your rates. There is no point hauling freight unless you can do so while making a profit. I see many more loads sitting for days because of the cheap rates. Of course, someone is still hauling the cheap loads. Otherwise rates would be much higher.
#17
Senior Board Member
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,280
So what you're saying is there actually is more freight, but because of the economic situation(maybe some companies are getting desperate) rates aren't going up like they should.
#18
BANNED
Senior Board Member
Join Date: May 2004
Location: Rambling
Posts: 744
Originally Posted by GMAN
Freight is much more plentiful now, but rates are way down from where they were a couple of months ago. I was actually offered a load for $1/mile today. There are still some good paying loads out there, but you will need to work much harder to find them and stick to your guns on your rates. There is no point hauling freight unless you can do so while making a profit. I see many more loads sitting for days because of the cheap rates. Of course, someone is still hauling the cheap loads. Otherwise rates would be much higher.
#19
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
Gross volume of freight may very well be up...but that's irrelevant. What matters is the ratio of freight to trucks. While the ATA has reported a slight up-tick the last few months, overall capacity grew all last year even though freight volumes were falling. That means less freight per truck and most analysts say we're still far from equilibrium. As GMAN said, rates are down and that's the surest indicator of a less than favorable ratio.
One thing I've noticed this winter has been a fairly dramatic increase in the number of identical loads being flogged by multiple brokers. Not only is this often a sign of shippers bottom-fishing, it also skews the ratios on the boards and makes it appear that there are more loads available than there really are. GMAN, you must not be working hard enough...I get offered dollar a mile freight all the time :lol:
#20
Senior Board Member
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,280
Originally Posted by Rokk
i would not have hauled for $1 a mile even on a bad day. i have my min costs and that is that.
"I don't haul freight for $1 a mile on bad days, and this is a good day" |

