LOADED AND DH MILES
 

Your leased to a company, they pay (example) 1.50 pm loaded, and 1.00 pm DH. Drawing up your projections, do you average the per mile pay between the loaded pay vs DH pay? How is this figured out?

Here is how I THINK you do it....

say 1.50 for 100 loaded miles = 150.00

say 1.00 for 100 DH miles = 100.00

add together 150 +100 = 250 divided by 200 miles = 1.25 per mile

tootie

No it's a different math. :D
Let's say you DH is 10% so

$1.50 for 100 miles=$150+$1.00 for 10 miles=$160 for 110 miles=$1.45 a mile.
But since it is for "book" miles, and not including out of route, and "personal",
probably around $1.30 for "all hub" miles. :roll:

I've been cruising around killing time looking at what companies pay O/O and noticed most times than not, loaded paid more then DH. Just didn't know how to figure that out for the year. So when you project your figures for loaded pay and DH pay, you'd use a percentage similar to the way you figure out out of route miles(or uncompensated miles) to come up with your avg pm pay? :?

I must say, solo is one smart cookie.

Gotta watch those "miles". They will nickle and dime you to death at every chance.

Something like that.
Right or wrong, i've always calculated my revenue, per "all hub" miles run.
Begining of the week, month, year odometr, to the end of that period.
It's sure didn't look, that impressive, as "loaded book", but gives you a true picture. 8)

Seems to me like they can do whatever they want. Let's say they know you need X dollars per month to pay for the truck. If they want you gone, they route you lots of DH miles and you don't make the truck payment. They might get their truck back.

Just sayin :wink:

Deadhead miles (10%) + Loaded miles (90%) = Total revenue.

This assumes that the actual deadhead miles are only 10% and you are actually paid on 90% of the miles you drive. I use () to indicate multiplication.

you will go nuts trying to "project"
ask the carrier for an earnings projection and some settlement sheets of current drivers to back it up
you still will get screwed but you will feel better until you actually start working for them

solo and tootie both said it right but if you want a "system" (and my $0.02)....here's how I do it......

set up an Excel (or equivalent) spreadsheet on your computer...(if you need someone else to set it up or don't have a computer in da truk, a good accountant's notebook will suffice until you get technology!!!)

you get a load....pays $1.50/mile for 300 miles loaded and $1.00/mile for 100 deadhead....

you ACTUALLY run 350 on the hub loaded and DH 110 on the hub....

you have columns for PAID LOADED miles....PAID DH miles and unpaid miles (you can break it into two columns if you wish...unpaid loaded and unpaid DH if you wish but I rarely saw the need)....

more columns for the rate (if it ever varies...if it doesn't you don't need it)

more columns for revenue....LOADED rev=loaded miles X loaded rate...DH rev=DH miles X DH rate.....(and zero for overmileage if you want that column too!!!!)

so....in our example $450 loaded rev....$100 DH rev another column for TOTAL rev $550 another column for TOTAL miles (in our case 460) and one more for ACTUAL rev per mile $550/460=$1.1956/mile!!!!

it sounds complicated but on a computer its a breeze once you get your spreadsheet set up and it even goes smoothly with the book and calculator too.

Now you can see what you are REALLY making and total it per load, per day, per week, month or year as well.

You'll soon learn they are not doing you much of a favour with $1.00/mile for DH especially if they DH you a lot (but I guess its better than nothing!!!)...but you'll also find they screw you a little with whatever mileage they quote especially if it differs much from the hub.

But at least with this system you can see it more readily and call them on it.....
then it is either time to (re-)negotiate your per mile or DH rate or (best option) be paid on the hub...or closer to it.

This system also allows you to track your own "superfluous" over miles...and perhaps find a way to limit those as much as possible.