What would you charge to run one truck and two trls (for drop & hook)

Trip is out and back 580miles total (150 of that is toll road)
Loads are MT going out and avg 20,000 comeing back
All miles are in NY state with rolling hills and 2 so called mountains
This is a year long contract for one truck, 5 nights a week, no holidays, and driver unload with an electric pallet jack.
So what would you charge lets leave the FSC out of this at this point, I just want to know the base rate. any ideas?

If you had this run what would you pay a driver to do it?

 

I figure my cost at $1.65 but you are lighter than me....so I'll figure $1.45....add $.05 for the NYHUT... I'll assume you don't own the trailers so I'll deduct another $.05 for that....let's make it $1.45.

580 x $1.45 = $841.00 cost per night
580 miles / 60 mph = 9.7 hrs x $75/hr = $727.50 profit per night
1 hr unload x $75 = $75.00
$841 + $727.50 + $75 = $1643.50 / 580 = $2.83/mile + tolls is how I would calculate my rate if it was a one time "spot" step deck load through a broker, which is my market.

I might quote it differently because it's a 5 night a week year long deal. Seems to me I would need ~$75,000 profit to take the risk on hiring a driver, buying a truck etc. $75,000 / 52 weeks = $1442/wk / 5 nights = $288/night profit required. That seems to cheap but if we use that number instead of the $727.50, we get $1204 / $2.07/mile + tolls.

I'd probably throw in a fudge factor and quote $2.25 at least...there is always something that pops up to bite you. Driver severance at the end of the contract, vacation pay to the driver, interest cost on the truck, late delivery penalties, damaged freight penalties etc etc etc etc etc.

Alot depends on whether I already had a truck and driver I was looking to keep busy or if I was starting from scratch.

 

What kind of trailer?

 

are they looking for anyone else?

 

Sorry, I thought I put that in there. It's a 53'dry van

 

Sorry this is a one truck fleet.

 

Without knowing the specifics for the region, somewhere in the $1.80-1.90 range should be competitive and pretty profitable. That's including fuel based on $4/gallon and 6 mpg, $35/day for tolls, and market prices on new tractor and trailers. You can back the fuel out however you like to arrive at whatever breakdown works for you. This is just a quick and dirty estimate but it uses TODAY'S equipment prices and industry standard fuel economy (both of which you should be able to beat by a wide margin if you choose), pays you a $.60/mile compensation package, with the potential for additional profit (depending on where in the range you fall) on top of whatever you can claw back from the default numbers. A big consideration would be whether the contract is up for renewal at the end of the year or simply terminates.

If I was hiring a driver for the spot, I'd offer $.40/mile plus a $.10/mile bennie package or $.45/mile in lieu of bennies...again subject to the regional market.

 

Well, tolls will be at least double that...I didn't get it, is it your trailers o customers? With yours i'd say around $1,000+fuel,+$100 tolls, and $100 unload... All around $1,300-1,400..give or take a few...

 

Thanks for the info, I've been doing this run now for 5 years as a company driver. The shipper has been haveing problem with my companies other drivers (they go east, I head west) and this may end up being split up. If that happens.. who knows? I've been done the "be your own boss" road before and not really sure if I want to do it again. I think I'd just look for another local company.

 

Depends on where you're at. 150 miles on 90 west of Albany is going to run you about $35. Other sections, I don't know. Just depends on where he is.
So $2.40 a mile or so for all miles? Great work if you can get it, but I doubt that's going to be a competitive bid. When you guys start talking numbers in the $2.25-$2.50 range it really starts pushing the envelope of reality. We're talking dry van, dedicated, 5 days a week. Even at $2/mile all miles you're talking $300,000/year gross on a run where half the miles are empty. Like I said, great if you can get it, but if those deals were common we'd have a lot of O/O's out here retiring after 5 years.