Jan 25, 2017 at 08:43 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I am new to booking my own loads. With that said I could use a little help. I just have 1 truck and pull a low side hopper trailer. As an average I sleep in the truck 2 nights a week. If you operate equipment similar to myself would you if you feel comfortable with doing so, reply to this post with your gross weekly revenue earnings? This will simply offer a gauge in which to evaluate my efforts. Others might also benefit from this.
Thank you in advance for your input. |
Replied on Thu, Jan 26, 2017 at 02:01 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I make 2.45 per mi. 800 per day, 4,000 per week. That is my minimum gross. I try to make 2.60 &5,000 per week. Then I am happy. My short hauls go up to 3.40. per mi. I pull a dump. From SC PA. |
Replied on Thu, Jan 26, 2017 at 10:26 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
That has nothing to do with the question for a low sided hopper.
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Replied on Fri, Jan 27, 2017 at 08:01 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
CALL ME @ 620-227-2778 ASK FOR MARK [GCC JUDGING TEAM ]
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Replied on Fri, Jan 27, 2017 at 11:02 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I haul the same things the hoppers haul and the rates are the same in this area. If I want to make the same as a hopper I load more.
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Replied on Sat, Jan 28, 2017 at 01:56 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "
I make 2.45 per mi. 800 per day, 4,000 per week. That is my minimum gross. I try to make 2.60 &5,000 per week. Then I am happy. My short hauls go up to 3.40. per mi. I pull a dump. From SC PA. "
How are you getting these rates? I can barely get $2/ mile. Most brokers are paying between $1.50 and $1.97 per mile and fertilizer loads... Well forget it. I had a grain load in Texas this weekend where a trader only wanted to pay $1 / mile on a load of wheat for 350 miles.
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Replied on Sat, Jan 28, 2017 at 09:46 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Thank you Tony your input more accurately describes what I am seeing.
I am not trying to create a massive uprising among the natives here , but what would happen if as a collective group of business men and women. we all simply let the load brokers know we have to have better rates??? |
Replied on Sat, Jan 28, 2017 at 10:21 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Honestly, Nothing. It's bad enough just trying to get some brokers to pay detention or for required washouts.
There is always somebody that will haul their crap, and most times, they will just sit on these loafs until someone does. BNSF is a rail company, they haul crude oil out of Canada at $30/barrel. Trucking companies are hauling at similar rates but only willing to pay the driver pennies per barrel while taking the lions share home. As owner ops, I think we should not only be paid detention when a receiver does not have room for the product they ordered to unload you, but we should also be charging a warehouse/storage fee. But business would never allow it to happen. |
Replied on Sun, Jan 29, 2017 at 08:48 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "How are you getting these rates? I can barely get $2/ mile. Most brokers are paying between $1.50 and $1.97 per mile and fertilizer loads... Well forget it. I had a grain load in Texas this weekend where a trader only wanted to pay $1 / mile on a load of wheat for 350 miles. "
Hopper rates suck! You have to haul over 80,000 to even get close to $2.00 a mile. Then you have to deal with lines and slow facilities. We have very few hopper customers that pay us enough to run. Switched to van hauling where I can haul for $2.00 a mile and never gross over 80,000. I can run right down the interstate. I have done it for three years and only have had to charge demurrage once. I never have to fight product coming out of the trailer anymore or loading a trailer in bad weather or pay for washouts out of my own pocket. Usually can get 600-700 miles in a day. Most runs let me travel down the interstate so less stopping and starting, which means less wear and tear on the truck. Sure it isn't as cool as pulling a bullrack or hopper, but you gotta go where the money is.
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Replied on Sun, Jan 29, 2017 at 09:30 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Hopper rates suck! You have to haul over 80,000 to even get close to $2.00 a mile. Then you have to deal with lines and slow facilities. We have very few hopper customers that pay us enough to run. Switched to van hauling where I can haul for $2.00 a mile and never gross over 80,000. I can run right down the interstate. I have done it for three years and only have had to charge demurrage once. I never have to fight product coming out of the trailer anymore or loading a trailer in bad weather or pay for washouts out of my own pocket. Usually can get 600-700 miles in a day. Most runs let me travel down the interstate so less stopping and starting, which means less wear and tear on the truck. Sure it isn't as cool as pulling a bullrack or hopper, but you gotta go where the money is. "
Glad to see I am not the only one that realizes this. While I also like the cool factor of the hopper and bull rack. At the end of the day the real cool factor is making my profit margins. My dry vans have been kicking the hoppers ass for quite a while now. The rest of you can call me a freighthauler, that is fine. Until all of us realize the true value of what we are worth and start charging accordingly we will just continue to roll down the road with whatever freight and look like a bunch of whiners and complainers that want to do nothing to solve the problem in our industry.
If an individual is asking how much gross per week they should be making or could be making, instead of asking what profit margin that segment of the industry is making. Well it might just help them out to take a few online business classes from their local college. When truckers quit proclaiming the wrong business structure and start properly structuring their business by a profit margin instead of a gross number, they will finally start being successful. One must first realize their cost per operation, whether they break that out by the hour, day, week, and finally mile. Once you have those cost established then and only then will you be able to adjust those cost with a profit. To run otherwise is the same as shooting craps at the casino. There is entirely too much of that going on in this industry as a whole. I have never seen a group of folks that were so willing to give up their services for free just so they can do so called "work". It baffles me to no end. |
Replied on Sun, Jan 29, 2017 at 10:21 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Well said Mr. Jordan
I am a Flat Bed O/O that is leased onto a big carrier (Mercer). I live up here in Kansas City MO. Basically this is the battle I fight on a regular basis. I won't work for free. Would you go to North Carolina for $1.50 per mile.....or even less!! Their whole philosophy is "that's all we have....it's better than nothing." I am currently evaluating if I should remain here, lease onto so one else or go get my own authority. |
Replied on Sun, Jan 29, 2017 at 10:28 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Glad to see I am not the only one that realizes this. While I also like the cool factor of the hopper and bull rack. At the end of the day the real cool factor is making my profit margins. My dry vans have been kicking the hoppers ass for quite a while now. The rest of you can call me a freighthauler, that is fine. Until all of us realize the true value of what we are worth and start charging accordingly we will just continue to roll down the road with whatever freight and look like a bunch of whiners and complainers that want to do nothing to solve the problem in our industry.
If an individual is asking how much gross per week they should be making or could be making, instead of asking what profit margin that segment of the industry is making. Well it might just help them out to take a few online business classes from their local college. When truckers quit proclaiming the wrong business structure and start properly structuring their business by a profit margin instead of a gross number, they will finally start being successful.
One must first realize their cost per operation, whether they break that out by the hour, day, week, and finally mile. Once you have those cost established then and only then will you be able to adjust those cost with a profit. To run otherwise is the same as shooting craps at the casino. There is entirely too much of that going on in this industry as a whole. I have never seen a group of folks that were so willing to give up their services for free just so they can do so called "work". It baffles me to no end."
Exactly. Biggest thing around here is that people have that "if others are hauling for that rate then it must be a good enough rate.". My own father has said that to me so I let him run the hopper while I ran the van. Then he saw how much more I was getting done in a day while he was sitting in 5 hr lineups. Then one day I injured my back and had to have surgery. Put me out of the truck for two months. Made the old man run the dry van routes so I wouldn't lose my gig I had going, which took me two years of trying to finally get in to haul the loads, well long story short, we were able to get him into hauling dry vans too, and he would rather do that than hopper now too. He turns 60 next week and enjoys trucking again. Plus we run different routes every week so it is more interesting than going to the same places every time. I did Texas two weeks ago, then we did Minnesota then Wisconsin and now Illinois next week. Also since we have started rolling vans, the dot usually just wave us through the checks, when you run hoppers, it always seemed like you had a bull's-eye on you. We also know the wednesday of the week before what loads we are gonna have the following week so we can plan accordingly.
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Replied on Sun, Jan 29, 2017 at 10:47 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Ha ha Clint, I had the same thing with my Dad before he retired. I took him out on the hopper for three days at the end of the three days he said "Nope, I don't want to deal with all this sitting and waiting around for such little money". I was just trying to give him a gig that he could basically stay local instead of running dry van across country. He came back with "I can sit at home and just draw my social security instead of helping the big grain companies make even more money." I agreed with him 100%. The only time that hopper runs now is when it is paying at least $4.00 per mile or more. Not worth moving it for anything less, it won't go bad just sitting there. I have made enough off of it hauling frac sand. I will wait until the frac sand starts up again this summer and go back to making $4.00 - $6.00 per mile and not have to worry whether or not I am getting paid for demurrage (detention).
Grain products are some of the cheapest in the industry and that is why they don't pay a lot to haul them. On any given day I will haul 5 times the value of a hopper load in our dry vans. That is why other segments of the industry pay more. Risk vs Reward. We evaluate the risk and then assess the reward accordingly. If you are hauling a load of corn that is only valued at $3500.00 for the load and the standard rate should be 10% of the value of that load. Well that means that load of corn would pay $350.00. Now we can have a greater understanding why hauling grain is so cheap. Most bulk haulers only carry $25,000 in cargo while the minimum in other segments is often $100,000. Yet when you talk to a bulk hauler you would swear up and down that they are making ten times what the freighthauler does. Hmm, does that even add up? My cousin and I were talking about this the other day, I told him that he basically turned me off from the hopper because of the idiocracy that continues to go on. He is always whining about how he does not make enough because of sitting in lines all the time. He gripes about the wash outs, he gripes about DOT banging on him. When I suggested he get under one of my dry vans, he came back with "I don't want to be a stupid freighthauler". Oh well I guess we will be the stupid ones for running at a profit and the only sitting we do is at a truck stop or at the house. Don't get me wrong I like the attitude of the customers in the bulk world a lot better. I have figured out that they are freindly either because they know they are getting over on the trucker or because they likewise have to suck it up and drive on as well. I have met some great folks when running the hopper, they are hard working, fun to be around, but as soon as I hook up to my van the very next week they will be the first to flip me off when I wave at them going down the road. Ha Ha is what I say, I will put up with the crappy attitude in the freighthauler world for the better pay. Go ahead you all keep flipping us off, the only flipping I care about is the counting of dollars in our bank account. |
Replied on Sun, Jan 29, 2017 at 02:39 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
This discussion has been engaging and insightful, many thanks to all who have contributed.
I have a very good knowledge of my cost in regards to operations. The gross revenue of my equipment is tallied on a daily, weekly and monthly basis. The thoughts behind launching this thread was simply contrasting and comparing my operation with others in the industry. As a footnote my education stretches much beyond the reach of an accounting class at the junior college. Thank you once again. |
Replied on Sun, Jan 29, 2017 at 03:08 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "This discussion has been engaging and insightful, many thanks to all who have contributed.
I have a very good knowledge of my cost in regards to operations. The gross revenue of my equipment is tallied on a daily, weekly and monthly basis.
The thoughts behind launching this thread was simply contrasting and comparing my operation with others in the industry.
As a footnote my education stretches much beyond the reach of an accounting class at the junior college.
Thank you once again."
That is the way to do it. Engage each other with business thought. Far too long we have been bickering and the other sides have been snickering. I am observing a new movement among us Independents. We now seem to be willing to validate our statements with math instead of just emotion. This is when the other side gets concerned, when logical folks start working together then much can be accomplished.
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Replied on Sun, Jan 29, 2017 at 03:20 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Ha ha Clint, I had the same thing with my Dad before he retired. I took him out on the hopper for three days at the end of the three days he said "Nope, I don't want to deal with all this sitting and waiting around for such little money". I was just trying to give him a gig that he could basically stay local instead of running dry van across country. He came back with "I can sit at home and just draw my social security instead of helping the big grain companies make even more money." I agreed with him 100%. The only time that hopper runs now is when it is paying at least $4.00 per mile or more. Not worth moving it for anything less, it won't go bad just sitting there. I have made enough off of it hauling frac sand. I will wait until the frac sand starts up again this summer and go back to making $4.00 - $6.00 per mile and not have to worry whether or not I am getting paid for demurrage (detention).
Grain products are some of the cheapest in the industry and that is why they don't pay a lot to haul them. On any given day I will haul 5 times the value of a hopper load in our dry vans. That is why other segments of the industry pay more. Risk vs Reward. We evaluate the risk and then assess the reward accordingly. If you are hauling a load of corn that is only valued at $3500.00 for the load and the standard rate should be 10% of the value of that load. Well that means that load of corn would pay $350.00. Now we can have a greater understanding why hauling grain is so cheap. Most bulk haulers only carry $25,000 in cargo while the minimum in other segments is often $100,000. Yet when you talk to a bulk hauler you would swear up and down that they are making ten times what the freighthauler does. Hmm, does that even add up?
My cousin and I were talking about this the other day, I told him that he basically turned me off from the hopper because of the idiocracy that continues to go on. He is always whining about how he does not make enough because of sitting in lines all the time. He gripes about the wash outs, he gripes about DOT banging on him. When I suggested he get under one of my dry vans, he came back with "I don't want to be a stupid freighthauler". Oh well I guess we will be the stupid ones for running at a profit and the only sitting we do is at a truck stop or at the house.
Don't get me wrong I like the attitude of the customers in the bulk world a lot better. I have figured out that they are freindly either because they know they are getting over on the trucker or because they likewise have to suck it up and drive on as well. I have met some great folks when running the hopper, they are hard working, fun to be around, but as soon as I hook up to my van the very next week they will be the first to flip me off when I wave at them going down the road. Ha Ha is what I say, I will put up with the crappy attitude in the freighthauler world for the better pay. Go ahead you all keep flipping us off, the only flipping I care about is the counting of dollars in our bank account."
This is exactly why I got in to running hoppers. I jumped out of a crude oil truck for someone else because I was tired of my income being dependent on whose ass I was kissing in dispatch. I was working with Chesapeake before they tanked and seen the writing on the wall. I took what I had saved and went out and bought my own truck/Hopper as a neighbor and coworker at Chesapeake showed me he was making 20k a week hauling sand and I didn't have to climb tanks and worry about rejects which paid me nothing for a 3 hour drive.
After sand died off I found that most everything that paid decent was seasonal and that wasn't for me, so I looked long and hard and found a steady and decent paying year niche in the bulk industry and have been running it ever since. Problem is, even those rates dropped below $2/ mile recently because of underbidding brokers/carriers. I recently went back to dragging a pneumatic and hauling sand, but I was just tearing up my rig on those soft, muddy well pads, not worth it... So back out here I am. I'm averaging about $3700 - $4500. Sometimes I can line them up and earn almost $6k, but that hasn't been since last summer. I'm thinking with the ELDs and such, im going to go dry van with my wife out here, and rent out my Hopper, so we don't have to worry about running out of hours at the end of the year. Unless the sand comes back... |
Replied on Mon, Jan 30, 2017 at 03:29 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Alfred has this figured out.
The one thing I will say about vans is to protect yourself from loss. Inspect the product going on, count the cases, and for the love of god have the shipper and receiver write the seal number on the BOL (and POD if it is a blind load). I have had loads where it's a shipper load/driver count, driver sat in his truck during loading, signed his BOLs, no seal, and then delivers 2 pallets of candy or some other overpriced product short for an $8,000 claim. The worst part is is that insurance doesn't cover "mysterious disappearance of product." Protect yourselves if you're running van/reefer freight. |
Replied on Tue, Jan 31, 2017 at 08:09 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I have no problem getting good rates with my hopper. Rarely do I haul from less than $2.25 a mile. Never under $2. Average $5k-6k gross a week.
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Replied on Tue, Jan 31, 2017 at 06:19 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Thank you Pete. There is a chance that my negotiating skills are not as seasoned as yours. I can't get those numbers. Last week including all empty miles the average revenue per mile was $1.82 my total gross earnings came to $4367.26. As close as I can compute it costs $1.30 to operate providing I am satisfied with eating a ham sandwich for lunch.
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Replied on Mon, Feb 06, 2017 at 07:12 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Thank you Pete. There is a chance that my negotiating skills are not as seasoned as yours. I can't get those numbers. Last week including all empty miles the average revenue per mile was $1.82 my total gross earnings came to $4367.26. As close as I can compute it costs $1.30 to operate providing I am satisfied with eating a ham sandwich for lunch. "
Dave I feel you ar missing some expenses.i use 175 a mile I think I am close to that. That is before the truck or I make anything. Example two runs one pays $5 per mi. At 100 mi per day the other $250 per mi at 500 mi a day . You will be broke in a year with the first one.
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Replied on Mon, Feb 06, 2017 at 08:46 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Ha ha Clint, I had the same thing with my Dad before he retired. I took him out on the hopper for three days at the end of the three days he said "Nope, I don't want to deal with all this sitting and waiting around for such little money". I was just trying to give him a gig that he could basically stay local instead of running dry van across country. He came back with "I can sit at home and just draw my social security instead of helping the big grain companies make even more money." I agreed with him 100%. The only time that hopper runs now is when it is paying at least $4.00 per mile or more. Not worth moving it for anything less, it won't go bad just sitting there. I have made enough off of it hauling frac sand. I will wait until the frac sand starts up again this summer and go back to making $4.00 - $6.00 per mile and not have to worry whether or not I am getting paid for demurrage (detention).
Grain products are some of the cheapest in the industry and that is why they don't pay a lot to haul them. On any given day I will haul 5 times the value of a hopper load in our dry vans. That is why other segments of the industry pay more. Risk vs Reward. We evaluate the risk and then assess the reward accordingly. If you are hauling a load of corn that is only valued at $3500.00 for the load and the standard rate should be 10% of the value of that load. Well that means that load of corn would pay $350.00. Now we can have a greater understanding why hauling grain is so cheap. Most bulk haulers only carry $25,000 in cargo while the minimum in other segments is often $100,000. Yet when you talk to a bulk hauler you would swear up and down that they are making ten times what the freighthauler does. Hmm, does that even add up?
My cousin and I were talking about this the other day, I told him that he basically turned me off from the hopper because of the idiocracy that continues to go on. He is always whining about how he does not make enough because of sitting in lines all the time. He gripes about the wash outs, he gripes about DOT banging on him. When I suggested he get under one of my dry vans, he came back with "I don't want to be a stupid freighthauler". Oh well I guess we will be the stupid ones for running at a profit and the only sitting we do is at a truck stop or at the house.
Don't get me wrong I like the attitude of the customers in the bulk world a lot better. I have figured out that they are freindly either because they know they are getting over on the trucker or because they likewise have to suck it up and drive on as well. I have met some great folks when running the hopper, they are hard working, fun to be around, but as soon as I hook up to my van the very next week they will be the first to flip me off when I wave at them going down the road. Ha Ha is what I say, I will put up with the crappy attitude in the freighthauler world for the better pay. Go ahead you all keep flipping us off, the only flipping I care about is the counting of dollars in our bank account."
This is so right on the money Alfred. It's amazing that some call people " dumb" for hauling freight but in reality isn't grain and other bulk loads "FREIGHT" ? Most of the problem was stated here...big ego's won't pay the bills fellas!!!! Pride is a very dangerous state of mind...it will get you every time. Please, let's all try to get along. It's gonna be a long ride.
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Replied on Tue, Feb 07, 2017 at 09:17 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I agree with Alford.....that is what we did and it seems to be working out. I have a commodity trailer we use for DDG's which pays fair....around that 2.00 figure. backhauls are fair so we average about a 1.60 to 1.75 per mile. We like to figure it on a daily rate......$500 bucks is barely breaking even.......800 to 1,000 a day is where we need to be to make some money. So you are in that 4,000 dollars a week avg to make it all work. Especially if you have any costly repairs.
If you can't find paying work better than that then you are working for nothing. Nobody should have to work for nothing........ |
Replied on Tue, Feb 07, 2017 at 11:33 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
One of my Cousins bougth his own truck. I would have bet anyone that day he would never make it. Why would I do that on my own kin?? Hauled with him when we were both hauling Logs for the same guy. I would get 2 or 3 more loads per day then him. Why and how could I do that? WORK.!! Even thought it was not my truck. I always ran someone else's truck just like it was mine. If there was one more load to get, you would see me getting it.
Dave would stop eary where he could get to the bar. Or find something that had to be done. But always left early. Now he did start early but never finished late. He bought his own truck. Fist mistake was it was a fleet truck. Only 500,000 miles. Looked good but never taken care of. Frist 6 months new brakes, New brake pods, New drum's, New U joints, New frontend. All this was at the same time that fuel went througth the roof. Old Dave would run hard. I'mm talking about run where he needed 2 log books to run. Wide open everywhere. Get within 8 or 10 hours of the house on a Friday at Noon. He would deadhead home rather then wait and load the next day. Why party life he had to be with his friends.. I asked him how $450 extra per week would make his bottom like look? He told me it would almost make it where it was getting paid. ![]() And to this day its everyone's fault but his own. He did everything right and there's just no chance for anyone to make it owning one truck. Also forgot to add he went throught 2.5 sets of drive tires in that 11 months.. 600 HP engine and putting all 2000+ lbs to the ground. He would chew tires like crazy. But you could not get him to drive different.. But He was a Super Trucker for a little while..Now he's driving for someone else. Still sneaks off early if they don't watch him.. Pete |
Replied on Wed, Feb 08, 2017 at 10:41 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Daniel if your cost per mile is 1.75 you have some serious problems you need to address
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Replied on Wed, Feb 08, 2017 at 10:55 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
David please do not let all these guys blow smoke up your well you know all thes guy's spouting this big money crap are doing just that and these van guy's everybody knows van rates are the cheapest in the industry so let's be realistic I've been in this business for forty years and one of the most important lessons I've learned is never go after the so called big money hauling that is consistent and turns a profit wins out every time in the hopper business you should shoot for a minimum of 2500 a week and have your cost of operation work at that so then when you have a $4000 week that will put a lot of extra dollars in your pocket well that's my 2 cents worth I wish you great success
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Replied on Thu, Feb 09, 2017 at 03:44 AM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "David please do not let all these guys blow smoke up your well you know all thes guy's spouting this big money crap are doing just that and these van guy's everybody knows van rates are the cheapest in the industry so let's be realistic I've been in this business for forty years and one of the most important lessons I've learned is never go after the so called big money hauling that is consistent and turns a profit wins out every time in the hopper business you should shoot for a minimum of 2500 a week and have your cost of operation work at that so then when you have a $4000 week that will put a lot of extra dollars in your pocket well that's my 2 cents worth I wish you great success "
I am not spouting big money just an acceptable profit margin. And yes right now my dry vans, steps, and power only customers are smoking the margins we could make with a hopper.
I care not about the magic rate per mile that I have heard others bull shit about. I am with you on consistant profit margins will prevail regardless of the wagon you are pulling. While I love pulling my Timpte all lit up. It saves me more money parked vs running it at a low margin or loss. |
Replied on Thu, Feb 09, 2017 at 06:17 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Daniel if your cost per mile is 1.75 you have some serious problems you need to address "
do you think i am to high or to low.
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Replied on Thu, Feb 09, 2017 at 06:56 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "do you think i am to high or to low."
I would say your cost are in the average. That is what the reports that I have show.
Let's use your number or the average cost of operation in our industry as an example. $1.75 @ 20% profit = $2.10 @30%= $2.27 @40%= $2.45 @50%= $2.62 Depending on your segment in our industry and the risk associated with your operation. This is what you should base your margins on. Risk Reward. |
Replied on Thu, Feb 09, 2017 at 07:40 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Daniel if your cost per mile is 1.75 you have some serious problems you need to address "
I would say he could be correct. Depends on how much insurance he carries and what his insurance costs him. Also depends if he has to make equipment payments. Another thing people have to figure is if they have hired drivers. If you have hired drivers then you need to carry workman's comp which can be anywhere from 15% to 25% of gross income. Now it doesn't cost me that much to run just because the drivers are owners and in Nebraska if you own the company you don't have to have workmans comp
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Replied on Thu, Feb 09, 2017 at 07:40 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
Quote: "Daniel if your cost per mile is 1.75 you have some serious problems you need to address "
I would say he could be correct. Depends on how much insurance he carries and what his insurance costs him. Also depends if he has to make equipment payments. Another thing people have to figure is if they have hired drivers. If you have hired drivers then you need to carry workman's comp which can be anywhere from 15% to 25% of gross income. Now it doesn't cost me that much to run just because the drivers are owners and in Nebraska if you own the company you don't have to have workmans comp
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Replied on Fri, Feb 10, 2017 at 04:19 PM CST
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Posted by a private BulkLoads.com member.
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Posted by a private BulkLoads.com member.
I just paid a truck $4.20/loaded mile cdn for loads going down to the states, even with the exchange that's better, hope things pick up for youse guys
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