Need some opinions on this company's rates and so on.
Okay, I contacted RoadLink and asked the girl if she would send me some info on their rates, and insurance and so forth. I'd like to get some feedback from experienced O/O's on this.
She sent me a rate schedule. For example: 0-5 miles, loaded leg is $49.20, empty or bob is $32.80. It graduates upward till you get to 151+ miles which is $1.16 per mile loaded and .95 empty. In addition there is a fuel supplemental schedule in which the carrier reimburses the for a portion fuel expense. For example: If fuel cost is $3.01 to 3.09 and leg is over 151mi it's 24.68%. There is also some toll reimbursement and detention time for over 2 hrs. Is this pretty standard? I honestly didn't expect any of this. I figured it's your truck, you're hauling the load, this the rate per mile, the rest is up to you. What kind of questions should I be asking and things should I be looking for as I evaluate all of this? Thanks. |
So at the 151+ mile mark, you'd be making $1.44 at the fuel surcharge rate you listed. I assume that the fuel surcharge does not apply when deadheading. Let’s assume that your deadhead is fifteen percent. That would make your pay, empty and loaded on 1000 miles (850 loaded and 150 empty) would be under $1.37 a mile. You didn’t mention any fees they don’t cover or other benefits they offer. I started a thread about what questions to ask a potential employer. The link is below:
http://www.classadrivers.com/forum/o...interview.html There is so much more to your compensation than just that pay per mile and the rate. |
Are they paying for fuel, insurance and maintence? If so thats not bad. Otherwise I wouldn't touch it for less than $2.00/ mile and a $1.10 empty. A good way to look at it is this. A truck payed for needs $58.75/ hour @ 55mph average @$3.299/ gallon @ 6.5mpg to pay for fuel, insurance and maintence or $1.06/mile and you the driver make $0.00. With that said. We as owner operators need to somehow NOT take loads for less than cost of doing business. And educate these brokers and shippers we to are business people and need to make a profit as well. Just so you know @ that milage thats only $19.80/ hr of drive time only. Not sitting @ a dock.
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I know a few guys leased to Roadlink and they do pretty good rates aren't the best BUT they are recession proof no forced dispatch Terminals everywhere OTR and LOCAL runs If your truck is paid for and your not lazy you'll be ok if you have a truck payment be prepared to go the extra mile to make it work if you know your operating cost and you'll be ok. and also you need a twik card to lease on with them.
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Their pay scale sounds the avg for a Chicago based rail outfit. Just be weary of their plates/insurance premiums they will make you pay, plus the escrow account they may want you to have.
have you put any thought into running a tanker? If your interested, get ahold of me and I can get you in contact with a guy in Markham who runs a terminal and does dedicated, OTR and local work in the area. |
since I made friends with Steve Booth I average 16 bucks a mile, I dont move for less than 15 :)
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had a load yesterday, went 51 miles. paid me $423.00 took about 4 hours total, anyway you slice it, that's pretty good money in my opinion (which is the only one that matters)
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