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The 50/50 program

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Apr 26, 2017 at 11:08 AM CST

+ 3 - 2

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

I hosted a video in Trucking for Profit about this program the other day in Facebook.

If it cost .50 for a driver to drive the truck, and it cost .50 for fuel for the truck.

How can one make profit off of a truck when you are running it at the 50/50 program. They can't they will be going bankrupt. Good stuff right there folks.

.50+.50= bankruptcy folks. you should be running for over twice that, That is just the truth folks.

Replied on Wed, Apr 26, 2017 at 02:54 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. The ratio used to be that the employee cost 25% of the business..the owner got 25% for their time.. the rest went to truck cost such as payments repairs,fuel licensing etc..so your 50/50...needs to rearange a little ..as you pointed out.. fuel can not be 50% of the rate..so if wages are 50 cents.. then rate needs to be AT LEAST 2 BUCKS..

Replied on Wed, Apr 26, 2017 at 10:39 PM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "The ratio used to be that the employee cost 25% of the business..the owner got 25% for their time.. the rest went to truck cost such as payments repairs,fuel licensing etc..so your 50/50...needs to rearange a little ..as you pointed out.. fuel can not be 50% of the rate..so if wages are 50 cents.. then rate needs to be AT LEAST 2 BUCKS.."

Yep Jeff, you are right, we are stating the same thing. I have been talking with a lot of folks out there running their tails off in the legalized Ponzi scheme we now know as trucking.

Replied on Thu, Apr 27, 2017 at 10:16 AM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

The same thing comes to mind when I see those ads for the mega carriers (and others) advertising owner ops wanted and the pay is $0.95-$1.10 plus surcharge. Who would want to own a truck much less become a lease op (not owner op you own nothing) when they can make more money staying a company driver. It seems these days owner ops are either willing to give up their driver wages or truck wages (profit). I see the same thing coming from these brokers. 1000 mile trip and it pays $1100. Really? No thanks. These mega fleets and brokers seem to think $1.00/mile is a fair rate and those owner ops who get their own authority will pull it because that's what they got in their lease.

Replied on Thu, Apr 27, 2017 at 10:31 AM CST

+ 1

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "The same thing comes to mind when I see those ads for the mega carriers (and others) advertising owner ops wanted and the pay is $0.95-$1.10 plus surcharge. Who would want to own a truck much less become a lease op (not owner op you own nothing) when they can make more money staying a company driver. It seems these days owner ops are either willing to give up their driver wages or truck wages (profit). I see the same thing coming from these brokers. 1000 mile trip and it pays $1100. Really? No thanks. These mega fleets and brokers seem to think $1.00/mile is a fair rate and those owner ops who get their own authority will pull it because that's what they got in their lease. "

If you look at that buck a mile that they advertise...a driver at some companys are 52 cents..plus the other half of social security..2 cents..workers comp about 6 cents, then the hand outs health insurance...401k...profit sharing...and what ever else.. lets say 15 cents..works out to 75 cents a mile..all they own is a sleeping bag and a suitcase...
Then that owner operator truck payment..fuel..maintinance..licensing...road taxes...and yes youdo get write offs BUT...WHERE DOES ALL THIS ADDED EXPENSE COME INTO PLAY INTO THAT 25 CENTS THATS LEFT OVER FROM A DRIVER? And when thst tire goes flat..driver sits..o/o sits and then pays for it..
This is why they had regulation..so even the not so educated could be forced to make a good living.

Replied on Thu, Apr 27, 2017 at 10:59 AM CST

+ 1

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

If anyone is up to it, go to ARTI's website, download "An Analysis of the Operational Costs of Trucking: 2016 Update"
Look at the Board of Directors & Research Advisory Committee- dosen't seem to be any brokers there? Wonder why?
Pretty wonky stuff, but real numbers.
I'll just take an example-
Table 10, Average Marginal Cost per Mile, 2015- $1.593
That's just the truck, no admin, no other overhead, etc.
Seems silly to roll for anywhere close to a number like that unless it's your hobby.

Replied on Thu, Apr 27, 2017 at 12:01 PM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "If anyone is up to it, go to ARTI's website, download "An Analysis of the Operational Costs of Trucking: 2016 Update"Look at the Board of Directors & Research Advisory Committee- dosen't seem to be any brokers there? Wonder why?Pretty wonky stuff, but real numbers.I'll just take an example- Table 10, Average Marginal Cost per Mile, 2015- $1.593That's just the truck, no admin, no other overhead, etc.Seems silly to roll for anywhere close to a number like that unless it's your hobby."

Good info for all go check it out.

Replied on Thu, Apr 27, 2017 at 12:23 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I missspelled that- should be ATRI

Replied on Thu, Apr 27, 2017 at 07:22 PM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "If you look at that buck a mile that they advertise...a driver at some companys are 52 cents..plus the other half of social security..2 cents..workers comp about 6 cents, then the hand outs health insurance...401k...profit sharing...and what ever else.. lets say 15 cents..works out to 75 cents a mile..all they own is a sleeping bag and a suitcase... Then that owner operator truck payment..fuel..maintinance..licensing...road taxes...and yes youdo get write offs BUT...WHERE DOES ALL THIS ADDED EXPENSE COME INTO PLAY INTO THAT 25 CENTS THATS LEFT OVER FROM A DRIVER? And when thst tire goes flat..driver sits..o/o sits and then pays for it.. This is why they had regulation..so even the not so educated could be forced to make a good living."

YES REGULATION PROTECTED COMPANIES FROM BEING UNDERBIDDED BUT WHAT WOULD HAPPEN TO US IF THE FUEL SUPPLIERS SERVICE SHOP, TIRE VENDORS REGULATED. ALL I'M SAYING JEFF IS IT COULD COME BACK AND BITE HARD ON YOU. I HAVE HAULED OVER 20 PLUS YEARS FOR 2 OF THE SAME COMPANIES AND TRIED ALWAYS MY VERY BEST TO DO THEM THE BEST JOB POSSIBLE AND ABOUT 2 YEARS AGO WHEN THINGS STARTED GETTING TIGHT FOR THEM THEY THREW ME UNDER THE BUS AND WENT FOR CHEAP INSTEAD OF GOOD QUALITY "LOCAL" SERVICE!!!!!! THEY HURT THEMSELVES MORE THAN THEY HURT ME! JUST SAY NO TO PEOPLE THAT TRY TO SCREW YOU. THERE ARE GOOD PEOPLE OUT THERE THAT WILL PAY FOR GOOD SERVICE AND GOOD EQUIPMENT IT JUST TAKES A LITTLE MORE LOOKING GOOD LUCK

Replied on Thu, Apr 27, 2017 at 07:22 PM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "If you look at that buck a mile that they advertise...a driver at some companys are 52 cents..plus the other half of social security..2 cents..workers comp about 6 cents, then the hand outs health insurance...401k...profit sharing...and what ever else.. lets say 15 cents..works out to 75 cents a mile..all they own is a sleeping bag and a suitcase... Then that owner operator truck payment..fuel..maintinance..licensing...road taxes...and yes youdo get write offs BUT...WHERE DOES ALL THIS ADDED EXPENSE COME INTO PLAY INTO THAT 25 CENTS THATS LEFT OVER FROM A DRIVER? And when thst tire goes flat..driver sits..o/o sits and then pays for it.. This is why they had regulation..so even the not so educated could be forced to make a good living."

YES REGULATION PROTECTED COMPANIES FROM BEING UNDERBIDDED BUT WHAT WOULD HAPPEN TO US IF THE FUEL SUPPLIERS SERVICE SHOP, TIRE VENDORS REGULATED. ALL I'M SAYING JEFF IS IT COULD COME BACK AND BITE HARD ON YOU. I HAVE HAULED OVER 20 PLUS YEARS FOR 2 OF THE SAME COMPANIES AND TRIED ALWAYS MY VERY BEST TO DO THEM THE BEST JOB POSSIBLE AND ABOUT 2 YEARS AGO WHEN THINGS STARTED GETTING TIGHT FOR THEM THEY THREW ME UNDER THE BUS AND WENT FOR CHEAP INSTEAD OF GOOD QUALITY "LOCAL" SERVICE!!!!!! THEY HURT THEMSELVES MORE THAN THEY HURT ME! JUST SAY NO TO PEOPLE THAT TRY TO SCREW YOU. THERE ARE GOOD PEOPLE OUT THERE THAT WILL PAY FOR GOOD SERVICE AND GOOD EQUIPMENT IT JUST TAKES A LITTLE MORE LOOKING GOOD LUCK

Replied on Thu, Apr 27, 2017 at 08:09 PM CST

+ 1

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "YES REGULATION PROTECTED COMPANIES FROM BEING UNDERBIDDED BUT WHAT WOULD HAPPEN TO US IF THE FUEL SUPPLIERS SERVICE SHOP, TIRE VENDORS REGULATED. ALL I'M SAYING JEFF IS IT COULD COME BACK AND BITE HARD ON YOU. I HAVE HAULED OVER 20 PLUS YEARS FOR 2 OF THE SAME COMPANIES AND TRIED ALWAYS MY VERY BEST TO DO THEM THE BEST JOB POSSIBLE AND ABOUT 2 YEARS AGO WHEN THINGS STARTED GETTING TIGHT FOR THEM THEY THREW ME UNDER THE BUS AND WENT FOR CHEAP INSTEAD OF GOOD QUALITY "LOCAL" SERVICE!!!!!! THEY HURT THEMSELVES MORE THAN THEY HURT ME! JUST SAY NO TO PEOPLE THAT TRY TO SCREW YOU. THERE ARE GOOD PEOPLE OUT THERE THAT WILL PAY FOR GOOD SERVICE AND GOOD EQUIPMENT IT JUST TAKES A LITTLE MORE LOOKING GOOD LUCK "

I drove back in the regulated days... most shops fuel places etc...are pretty much the same price..less than 1 or 2% different..some of us know how to say no to cheap freight..but look how many dont have a clue on how much it costs to run a truck... or they think well this 84 pete is paid for but never plan for the future and will haul cheap not thinking about that newer truck that one day they will have to replace that worn out tired old truck..as many companies did as their authority was worth money they could borrow on it in slow times.. companies like international transport had millions worth of authority..and it would carry them over.. 1971 you got about 75 cents per mile for general freight..trucks were about 17000 dollars.. fuel about a quarter.. drivers made first seat a dime.. second seat a nickle..everything has gone up about 10 times EXCEPT WAGES AND FREIGHT RATES...wonder why?

Replied on Thu, Apr 27, 2017 at 11:12 PM CST

+ 1

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "I drove back in the regulated days... most shops fuel places etc...are pretty much the same price..less than 1 or 2% different..some of us know how to say no to cheap freight..but look how many dont have a clue on how much it costs to run a truck... or they think well this 84 pete is paid for but never plan for the future and will haul cheap not thinking about that newer truck that one day they will have to replace that worn out tired old truck..as many companies did as their authority was worth money they could borrow on it in slow times.. companies like international transport had millions worth of authority..and it would carry them over.. 1971 you got about 75 cents per mile for general freight..trucks were about 17000 dollars.. fuel about a quarter.. drivers made first seat a dime.. second seat a nickle..everything has gone up about 10 times EXCEPT WAGES AND FREIGHT RATES...wonder why?"

They don't like the truth Jeff. I have posted BOL's from the 70's with the rates on them. I have written the formula and shown the shippers cost. I have made numerous postings stating the truth. I have made many videos to include launching the giant killer campaign. Hell, I set up a private web site for Independent Carriers. I even made an app for them to show them how to bid.

I feel that I have done all I can and folks still deny the truth and run down the road for less than truckers were making 20-40 years ago.

I guess their false sense of pride is all they got left. I would rather know that I was wrong and correct the wrong vs thinking I was right and I was wrong.

People like us are tired of the rest of you whining and not learning to accept the truth that you are diluting the market and letting the MegaCorps screw your hineys.

What should I expect, the total dumbing down of the world has been very effective.

Replied on Thu, Apr 27, 2017 at 11:12 PM CST

Posted by a private BulkLoads.com member.

Posted by a private BulkLoads.com member.

Quote: "I drove back in the regulated days... most shops fuel places etc...are pretty much the same price..less than 1 or 2% different..some of us know how to say no to cheap freight..but look how many dont have a clue on how much it costs to run a truck... or they think well this 84 pete is paid for but never plan for the future and will haul cheap not thinking about that newer truck that one day they will have to replace that worn out tired old truck..as many companies did as their authority was worth money they could borrow on it in slow times.. companies like international transport had millions worth of authority..and it would carry them over.. 1971 you got about 75 cents per mile for general freight..trucks were about 17000 dollars.. fuel about a quarter.. drivers made first seat a dime.. second seat a nickle..everything has gone up about 10 times EXCEPT WAGES AND FREIGHT RATES...wonder why?"

They don't like the truth Jeff. I have posted BOL's from the 70's with the rates on them. I have written the formula and shown the shippers cost. I have made numerous postings stating the truth. I have made many videos to include launching the giant killer campaign. Hell, I set up a private web site for Independent Carriers. I even made an app for them to show them how to bid.

I feel that I have done all I can and folks still deny the truth and run down the road for less than truckers were making 20-40 years ago.

I guess their false sense of pride is all they got left. I would rather know that I was wrong and correct the wrong vs thinking I was right and I was wrong.

People like us are tired of the rest of you whining and not learning to accept the truth that you are diluting the market and letting the MegaCorps screw your hineys.

What should I expect, the total dumbing down of the world has been very effective.

Replied on Fri, Apr 28, 2017 at 07:25 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Okay so who wants to pay me good rates and who has steady work in Illinois we will be happy to help, it's Friday give us a shout