You might be a little shocked:

http://biz.yahoo.com/p/773qpmu.html

Some others:

http://biz.yahoo.com/p/774qpmu.html

http://biz.yahoo.com/p/s_qpmu.html

and most shocking:

http://biz.yahoo.com/p/120conameu.html

The average profit margin of oil and gas companies is at 9.6%. Meaning if they sold you gas or diesel for 9.6% less then pump price, they'd break even.

 

I believe that number showing "absolute net". After all expenses, including 6-7 figures CEO salaries, dividends,....etc. I might be wrong tho... :roll:

 

Well apparently some people do care. Some people think there should be a "cap" on each load they haul.

 

I think you mistake me for a socialist. The reason I posted this was because some people(not me) want to cap what a broker can make off each load. But if they're only making 5%............

You do the math.

I'm VERY pro-capitalist. I do not want the government to do anything with our current situation. If someone cannot survive in our current environment, THEY are doing something wrong, not the brokers.

There is this magical word in the english dictionary. It's called "NO".

Yesterday on XM 171 "trucking business and beyond"(a FANTASTIC show!) a guy called in and bitched because he hauled a load where the broker made 26% and he only made 80 CPM or so. He was livid.

Kevin Rutherford asked him, well if he knew how much the broker made, why did he haul it?

The guy had no answer.

 

I don't know when those are from but those numbers sure don't match any of the financials I've seen. Last time I looked, CHR's profit margin on trucking operations was near 20% and UPS wasn't losing money. My guess is maybe those numbers represent the CHANGE in profit margin, not profit margin itself.

 

There are times when I have a problem with some brokers profiteering or taking advantage of a situation in a particular part of the country. However, it is my choice as to whether I will take the cheap load that broker offers or find something which is profitable. I refuse to take a load that isn't profitable. If an owner operator isn't getting the rate he needs to be profitable then he needs to look at how he is running his business, not how much the broker is making. You don't have to take a cheap load. You can find the better paying loads, but it can sometimes take a lot of work. It may require you to either sit for a day or so or deadhead out of a bad area. Some of these cheaper freight areas are finding it more difficult to find trucks to haul their freight. I know because I am getting calls from them and they are offering higher rates. If you are one of those people who can't sit long enough to find a good paying load and think that you need to keep the wheels rolling in order to make a profit, then you may be in the wrong of the business. Perhaps you would do better as a company driver rather than an owner operator or independent. If you take the cheap loads and then complain about it, then you have no reason to complain about the cheap rates. You made a choice. When we make choices, then we should be willing to accept responsibility for the decisions we make. No one forces you to take cheap loads, just as they don't force you to take good paying loads. It is your decision and responsibility. So don't complain when you lose money when you are the one who decided to take the unprofitable load.

In business we learn to adapt to changes in the marketplace if we are to be successful.

 

LOL.

As far as the transportation business is concerned, I might argue that there's more hand holding by the US gov't than the CDN gov't.
1. US brokers need broker authority.
2. They have to post a bond.
No such hand holding up here. But then we needn't let facts get in the way of a good slur.

As for the other hand holding that you may be referring to, yes we have what's left of a (tax) funded healthcare system. And I'm told that we have a good education system although I can't see why.

And the more time I spend in the good ol' USA, the more I think a little socialism may be a good thing after all. I'm simply not used to seeing so many obese, toothless, coughing, poor, uneducated, limping people. This is America? Land of the free? What a joke.

I guess the idea is to keep them poor so they have no choice but to join the military? They're not "forced" to join, but in a way they are. Kinda like communist Russia when you think about it.

But hey, they all got a flag tho.

:cry:

 

Sad to say but I'm starting to think these types of people are beginning to outnumber the productive people. The dumbing down of America continues.............