becoming a o/o?
 

:D
Yeah, I figure I know most of the jokes, but tell me more!

Here's the question, jokes and serious answers needed..... :shock:

I am thinking of becoming a o/o and leasing to schneider....Oh, not heard that joke... thanks....

Come on people, give me your thoughts and ideas.....

Yep, I'm an Englishman living in Kansas....Now that's funny.... :lol:

As far as I know, Schneider stills pays mileage. Even with the fuel surcharge, you will find it difficult to make money as an owner operator with them. If I were you I would look at one of the percentage carriers, instead. You have the opportunity to make more money. How did an Englishman wind up in Kansas? :? Good luck.

worked for Schneider for the last 3 years or so, on a dedicated account, averaging 2650 on a 5 day week, I could stay there for a little over 5 months of the year, then system bound for me.... They say average is 3000/3100 a week in system at $1.102? Includes latest fuel surcharge.
On the dedicated account I would get $100 unload, plus $30 per stop, average 3 trls/week and 6 stops/week.
Not sure if I'm brave enough to walk away from the comforts? of Schneider!
Working on costs, is giving me a headache.... But will get there!
Kansas?
Married a long time (23 years) in the U.K. She walked, messed around to much, trolling through a dating site! Met a lady..... The rest is history, been here 4 years or so, married and having a ball. :D :D :D 8)

If you are looking at the intermodal part of shneider, you might have a chance. The drayage companies that haul schneider boxes pay more than Schneider btw (ARL etc)
Also call Triple Crown in KC and ask recruiter for earnings projection.
Good o/o company if you live near their terminal.
home every night
or any drayage co for that matter
your net will be the same as the 3000 mile system run
and you can have a beer now and then




Do you really want to drive 3000-3100 miles per week?

to gross $3000?

Thats a week of all work,work,work

schneider likes to keep it's o/o's out in the 48 states, I live on the west part of K.C.
It's not a done deal who I lease to yet, just starting out with ideas, but will do it.
Thx for the thought on Triple Crown, I will call them.
As for 3000 a week, sure, if I can earn $'s doing less, then I would do less... I'll go where the money to live on comes from! :D

Fuel
100,000mi/6mpg = 16,666.66gal x $3.00 = $49,999.98/100,000mi = $0.50mi.

Truck
$25,000/100,000mi = $0.25mi

Insurance

$10,000yr/100,000mi = $0.10mi

Total $0.85mi

Paid per mi $1.102mi

Leaves for driver $0.25mi

And this is considering your truck has no repairs.

Somebody let me know if I did something wrong.

Well, you overestimated fuel, truck, and insurance, but since you didn't include, all other expenses, your numbers is pretty much on the high end, of the real numbers, with the current fuel prices, for a leased O/O.

I'm estimating my costs, at $0.75, at the moment, but that would be a cold day in hell, when i'll consider running, for $1.10 "book" mile. :roll:

Solo379 would you mind showing me what your cost per mi are.

I just did, $0.75 cpm, and it is "estimated", means included all costs, even projected.

If you mean detailed report, that i'd rather not do, but my insurance, is about 4 grand(bobtail, physical damage, and collision) for 2005 KW T600.

Fuel, i've got $0.34 cpm, my average MPG is 6.9, and i could buy the cheapest fuel, since company pays fuel tax.

Truck, i've actually bought for cash, so i'm estimating depreciation, at $0.15cpm.

I do pay a lot of tolls, around $0.07cpm...

hey guys.
just like to say thanks for all the help and info....
wife and I have spent all day, and no doubt the next several weeks trying to work out what... How.....when... to do all this....
I /we are grateful
:D

Or not to do...

Get your prioritys straight, what do you want from it?

If that's a money, than you've got to get rid of "company driver mentality"-"Miles=money" cause it's not.
If it's the freedom, you won't have any, without the money....
Think about it...and good luck! :wink:

Since you have 3 years experience, you may want to check some of the percentage carriers. You should make much more than any mileage carrier. There are several who might be a good fit for you, depending on the type of freight you are interested in hauling. Most of these carrier's who pay mileage usually don't pay the owner operator enough to make a profit. Good luck.

Try Packerland if you are not opposed to running reefers. A neighbor used to have several trucks leased on there and decided to get into running other freight with fewer trucks and offered the other trucks to his drivers that he was going to have to let go. One driver didnt want the responsibility of a truck but decided to take/buy one of the trucks, just the tractor 2002/03 W900. I saw this guy a few days ago and he is happy as a clam. The truck was immaculate, he had a newer 53 reefer of his own behind it and he was praising the guy that let him buy the truck and he is still with Packerland. Maybe this can be your story. Good Luck.

Not true, depending on your hometime, they will keep you in the midwest, im an Owner Operator leased to schneider i use to run the road with them. Now i drive local pulling containers and dryboxes off the railyards, if you live in kansas city, they have a railyard that pulls local also, i dont know if they hire o/o's on that account but you may wanna check it out, you make pretty good money, i make more here than some of these independents, and home everyday :D

My numbers are pretty darn close to Nascar's. Solo, you've got it goin' on.

The good measure of your efficiency, would be a % of fuel cost, to a gross revenue per mile.
Of course, it depends, wether you are leased, or independant, gotto make some ajustments, to the fuel prices too...

At a fuel price, at around $2.50-$2.80 per gallon, i'm considering;-

20%-excellent!

25%-good!

30%-fair(acceptable)..

And below that,- poor business practice, wether it's a low rates, or low mpg.

For example(leased O/O, all hub miles).

If fuel cost you $0.40 a mile, and you are grossing $2.00 a mile, you are doing excellent, $1.60, good, $1.30, hanging in, and anything below, you are just wasting your time... :wink:

How are your fuel costs are only .34 per mile? Mine are $.52 CDN per CDN gallon.

EDIT: Never mind. Mine are ~$.35 when adjusted for the smaller US gallon and exchange.

Solo is on the money with the 75 cpm number. This is why some companies only want to pay O/Os 75-99 cpm. That is BS. You cannot make a profit running for those numbers if it takes 75 cpm just to run the truck!! Until the majority of independents understand this, companies will continue to have fleece purchase programs and bring on guys to run for 85 cpm and smile all the way to the poor house.

About a month ago, I posted about a young man on a fleece purchase plan with CRST running flats out of Gary, IN. I told him to save his money, complete his lease and call me when he had his title. A month later this idiot has purchased two cars and called me complaining that he now has approx $900/mo in car notes. How stupid is that? There goes another successful fleece operator.