Well I made it out
#121
Member
Join Date: Mar 2006
Posts: 126
After reading all of the post I will plug in my 2 cents.....Guys think that driving a truck is all that is required to make it as an O/O or with your own authority -- this is a huge mistake. You must learn the trucking industry from a business prospective. Learn everything about it -- this means the paperwork, communication skills, etc.
Analyze your expenses, know your cpm, etc. We run dry van and I can tell you I will not put less than 1.50 freight on my truck. We avg between 1.85 & 2.00 per mile and higher for shorter runs. Good paying freight is out there but you have to understand the business of load density. I have created a spreadsheet so when I'm booking a load I plug in the miles and it tells me immediately, the rate, gallons of fuel, cost of fuel, fuel cost by cents, ROI, dh cost, profit/loss. I know immediately what it's costing me to run that load. At that point I determine whether I'm going to take it or not. If you can't manage the paperwork then find someone to pay that will help you. Use the tools (truck, laptop, printer/fax, phone, etc) to help you succeed. Read about what's happening in the industry. Study rate trends. Know where you want your truck to be when rates are low in one area.
#122
Senior Board Member
Join Date: Feb 2007
Location: California...yup beautifull Hollywood just over the hill
Posts: 569
Originally Posted by Joymax_Trans2
If you can't manage the paperwork then find someone to pay that will help you. Use the tools (truck, laptop, printer/fax, phone, etc) to help you succeed. Read about what's happening in the industry. Study rate trends. Know where you want your truck to be when rates are low in one area. I remember that when chatting a few years ago, a lady was suprised that being a truck driver, I even knew what the net was lol.
#123
Board Regular
Join Date: Sep 2006
Location: Mahwah,NJ
Posts: 450
1.25 out of Mass may not sound like a good rate but it is the going rate
a hundred trucks can go home empty and the rate won't budge Its always been that way Fish and frozen are the only exception and many of those brokers do not post on boards If any of you are not familiar with load boards They rarely post the rates and the power of negotiating is in the brokers corner because they have access to all the nec info the driver has none pretty dumb setup if you ask me it can drive you nuts setting up with a broker when the shipper closes in an hour If you get 75% with landstar and you were spinning your wheels with you own authority its the same difference$$$ ,less paperwork,less insurance and you can see the rates you get your money in a timely manner etc I like to be home every night so I just run from Boston to Harrisburg thats all I've ever done any way as much ltl as possible
#124
Senior Board Member
Join Date: Feb 2007
Location: California...yup beautifull Hollywood just over the hill
Posts: 569
Originally Posted by Sonny Pruitt
If any of you are not familiar with load boards
They rarely post the rates and the power of negotiating is in the brokers corner because they have access to all the nec info the driver has none pretty dumb setup if you ask me it can drive you nuts setting up with a broker when the shipper closes in an hour -----agreed; Im usually pulling my hair out at that point LOL If you get 75% with landstar and you were spinning your wheels with you own authority its the same difference$$$ ,less paperwork,less insurance and you can see the rates you get your money in a timely manner etc----Hmmm yaeh landstar is the only one I would consider, because of my need to go be at my home in Asia at least 4 months out of the year, they only offered me 68% tho? I
#125
I won't haul anything which only pays $1.25. It isn't profitable. I rarely go into New England, because of the rates coming out. The last load I hauled up there was $1.65/mile and that was about 2 years ago. The load I took in paid $2.50. Most of the time, I usually count on deadheading out. I prefer deadheading out than running for FREE. This is a business. A business needs to make a profit. You don't seem to understand that as long as these brokers can move freight at $1.25, there is no reason to pay more. It those are the rates you are getting, you might as well lease to a carrier. With the FSC, you could lease to one of those low mileage carriers and make as much or more without the headaches and expense of running your authority. You need to understand the value of what you are offering. Good negotiating skills are a must when you run your authority. If you know your value, then you don't necessarily need all of the other information in order to successfully negotiate. Life isn't fair. We rarely have all the information we need to make life decisions. Dealing with load boards is just one other thing we must deal running a truck. Having all the information the broker has concerning rates would be great, but he is under no obligation to divulge that to anyone. The best thing you can do is decide the minimum haul rate for which you are willing to take a load and stick with it. Hauling a load for less than $2.00 is not good. Pulling one for less than $1.50 is unacceptable to me, whether I pull a flat or van.
#126
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
I don't think Sonny's saying he averages $1.25. That's the rate he gets one-way. Most of the guys I know that run the NE with vans or reefers do everything on the round because very few get any kind of a rate coming out. If you go into the NE and plan on coming out only with something in the neighborhood of $2/mile, more often than not, you'll be sitting awhile. Of course, most of us choose not to go very often. But the guys that live there don't have much choice.
#127
Senior Board Member
Join Date: Feb 2007
Location: California...yup beautifull Hollywood just over the hill
Posts: 569
say just wondering since the subject came up, thinking about landstar next year, but still dunno (like my freedom too much), but would 68%that they offered me be too little?.......I just call em back n say, call me when your serious wih 75%?
#128
Board Regular
Join Date: Sep 2006
Location: Mahwah,NJ
Posts: 450
That 400$ "no money" is the difference between a (hypothetical) 3000$ per week and 3450 per week
why should I reject it on some kind of principal when: Load densities 8/14 Internet truckstop Mass Flatbed in 373 Flatbed out 50 Van in 207 Van out71 Reefer in 237 Reefer out 53 As long as it loads and unloads fast I'll grab it those 4 loads are GOLD It is definately not a bad busness practice This stupid 1.25 load is time sensitive as well But to me its extra money and I get back into the heavy hitters of Reading, York and Harrisburg, Carlisle etc and right back to Jersey nor back to NE Rate from jersey with a reefer to mass are from 550(cheapo tropicana loads) to 800+ Landstar pays around 75% with your own trailer I always feel like a jackass after I "negotiate" because I am never quite sure if I did well Sargent is a straight 5% comission so I can trust their rate(ha) I deal with a freight forwarder who does not even know the rate when he calls me I just know he pays top dollar RMX always offers me a rate where no negotiating is required but.... when I deal with new brokers I am never quite satisfied with the rate I won. eg Malvern Pa to Westfield Mass on a Friday load and go pays around xxx I know what it pays and you would be surprised at the rates the same people in that office will quote me until I say "Andy pays me xxx" Then they say ok If I was a first time caller 3/4 of that rate is still quite a decent rate but I could have gotten 1/4 more that was available to me so every time I deal with a new broker I always feel somehow screwed that's what sucks The worst question a broker can ask is "what can you do it for?' I start stuttering like there is no tomorro The rule is "ask high you can always come down" I usually shoot my self in the foot Broker calls me up hot load Jersey to Binhamton,ny go now 4 skids of french fries I figured 450 500 would be fine Just before I answered he told me it paid 1000 How the heck would I think to ask 1000 to go to Binghamton. Every other broker would have hung up on me! $1000? are you nuts? So this "negotiating" part is a crock
#129
Definitely ask high. They will just come back with what they are willing to pay. Then you tell them how expensive tolls are and you need a little more. Also, you can always get loads out of NY for more then 1.50. You can also do drop & hook in Long Island, PA,CT, & Jersey for 1.49 plus tolls. 1.25 is horrible :?
Merrick, there are loads boards that have shippers only posting loads. No brokers allowed. Rates are very good. I see a lot of reefer loads for 2.50 to 2.90. One of the boards I use has well over a 100 shippers listed.
#130
Senior Board Member
Join Date: Oct 2006
Posts: 2,079
But to me its extra money and I get back into the heavy hitters
of Reading, York and Harrisburg, Carlisle etc
Broker calls me up
hot load Jersey to Binhamton,ny go now 4 skids of french fries I figured 450 500 would be fine Just before I answered he told me it paid 1000 How the heck would I think to ask 1000 to go to Binghamton. Every other broker would have hung up on me! $1000? are you nuts? So this "negotiating" part is a crock I hung up on a broker yesterday LOL. I hate when they ask for a rate, because you know they're just playing games...like they already have a rate and they are just trying to get a lower one OR, they haven't got a clue and they are using me as a quote machine. Anyway, it's a FB load of construction equipment from NJ to ON about 400 miles or so. I ask will a step work and he says yes what do you need. I say I'm getting $3/mile for my steps now and he starts to give me attitude. "What? $3 a mile are you nuts? I move these things for $700 why would I give you $1200!" I said, "$700? Man those guys need to buy some step decks then I hung up and LMAO". |
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