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Posted on 11/1/21 at 10:10 am to stout
quote:
Read the thread. You have two guys that do it literally backing up what is in my OP.
I did and I stand by my post. I work for a company that also does trucking with 6 trucks. We always add a surcharge and if the market is calling for it will raise prices.
I mean you even showed there is reduced volume and more competitive. Does fuel play a part, I have no doubt it does, but it is not the soul reason.
Posted on 11/1/21 at 10:12 am to RockyMtnTigerWDE
While what you say is true about FSC typically it covers 3/4 of it , if they get it passed along . A lot of drivers depend on brokers that shockingly don’t always do this as they have a exact negotiated rate prior to hauling . Drivers use brokers as they are “trapped “ in areas that they do not have contacts . They larger trucking companies may have a good supply of freight but will heavily rely on brokers as well . Overall trucking companies profit will range from 6-8% of total revenues . That’s not a whole hell of a lot for a 200k investment on truck , trailer, driver and staffing. I did it for 38 years until uncle Obama decided that I couldn’t do it any longer and had to shut down 29 trucks
Posted on 11/1/21 at 10:14 am to RockyMtnTigerWDE
quote:
I don't believe it. Most trucking companies will add a fuel surcharge to offset the higher fuel prices. It doesn't make sense.
The brokers set the Surcharge, and their increases are always behind the curve, especially when fuel prices are rising this fast. Owner operators don't get to set their own surcharge.
Posted on 11/1/21 at 10:15 am to stout
One of my best friends owns a trucking company. He told me exactly the opposite. They charge "x" percentage over cost. So when the pricing of fuel rises, their net profit actually rises as well.
His company is more freelance general freight. They aren't contracted to specific clients. That might make a difference.
His company is more freelance general freight. They aren't contracted to specific clients. That might make a difference.
Posted on 11/1/21 at 10:21 am to stout
quote:
Truckers quitting due to fuel prices?
Anyone else heard this?
this doesn't pass the smell test to me. Shipping prices rise and fall with fuel costs.
Posted on 11/1/21 at 10:23 am to stout
quote:getting back up on here doesn't mean much. The big trucking companies can't handle their own backlogs right now, they aren't out bidding on the small shite
Read the thread. You have two guys that do it literally backing up what is in my OP.
Posted on 11/1/21 at 10:33 am to stout
quote:
Truckers quitting due to fuel prices?
If only we had solutions in the US to combat rising prices...
Posted on 11/1/21 at 10:36 am to stout
I'd be very surprised if these truckers negotiated a flat rate with the government.
Typically those contracts include variable costs which protects both parties.
Typically those contracts include variable costs which protects both parties.
Posted on 11/1/21 at 10:51 am to stout
Insurance for trucks is outrageous right now. Making it as an independent trucker paying those rates out of pocket combined with fuel prices cannot be profitable.
Posted on 11/1/21 at 10:55 am to stout
quote:
Truckers quitting due to fuel prices?
Nothing close to what I am seeing. My dad is a semi-retired driver (I say semi-retired because even at 81 he is still driving some).
He runs a tanker truck for a small operation out of NE Nebraska. They are busy as shite and making damn good money. Tanker's rates seem to be very high since the company will dead head him 750+ miles sometimes.
When I lived at home he was an owner operator with a refer and would not dead head more than 100 miles or else it would lose money.
He has a friend who wants to retire but won't because right now he is making more money as an owner-operator than he ever has trucking. That guy runs a dry van truck.
Yes, fuel prices are up but the mileage rates are up more.
Posted on 11/1/21 at 11:04 am to stout
Just sharing - nephew is a trucker in SE - NC, SC, GA and FL routes. If anything, they are doing great. For a guy in his late 20's he is clearing over 1K a week after expenses. Working M-Fr, or completing a run back to home early Sat AMs. Staying busy, but he does relay they need more drivers.
Port workers telling drivers onsite warehouses are FULL. Can't offload more ships until merchandise can be loaded on trucks and taken offsite. Extended hours at the ports don't matter if you don't have enough drivers to move the freight away from the port, and open more storage capacity for ships waiting to be unloaded.
Port workers telling drivers onsite warehouses are FULL. Can't offload more ships until merchandise can be loaded on trucks and taken offsite. Extended hours at the ports don't matter if you don't have enough drivers to move the freight away from the port, and open more storage capacity for ships waiting to be unloaded.
Posted on 11/1/21 at 11:06 am to HC87
IOW, ports and off site warehouses are impacted and need some Ex-Lax to get things moving.
Posted on 11/1/21 at 11:08 am to RockyMtnTigerWDE
quote:Not sure why you're getting downvoted for posting facts. Anyone in trucking knows that there is a fuel surcharge added to rates when fuel prices are up.
I don't believe it. Most trucking companies will add a fuel surcharge to offset the higher fuel prices. It doesn't make sense.
Posted on 11/1/21 at 11:11 am to stout
My oldest brother was in the trucking business for 45 years.
He always made more money when fuel prices sky rocketed. The price of freight goes off the charts as brokers scamble to find haulers.
Those off the charts freight prices get passed right on to the consumer.
He always made more money when fuel prices sky rocketed. The price of freight goes off the charts as brokers scamble to find haulers.
Those off the charts freight prices get passed right on to the consumer.
Posted on 11/1/21 at 11:13 am to Lsut81
quote:
I'd imagine those truckers are paying a few hundred more a week without any additional pay. Doesn't make sense to do it. Sit on your arse, collect UE, and ride it out.
At least until Biden* declares an emergency and nationalizes the trucking industry. Then you’ll all work for the government.
Posted on 11/1/21 at 11:15 am to DaleGribble
quote:
Not sure why you're getting downvoted for posting facts. Anyone in trucking knows that there is a fuel surcharge added to rates when fuel prices are up.
Because most owner ops aren’t smart enough to realize that. When I did 3pl and was getting .30-.40 pm FSC on Loads i’d always pay the line haul and pocket the fuel.
They could have easily pressed on me and I’d pay more but they didn’t.
Posted on 11/1/21 at 11:15 am to auggie
quote:
The brokers set the Surcharge, and their increases are always behind the curve, especially when fuel prices are rising this fast. Owner operators don't get to set their own surcharge.
The brokers don't set the fuel surcharge chart. It's a national chart that's updated weekly.
Posted on 11/1/21 at 11:18 am to DaleGribble
quote:
. Anyone in trucking knows that there is a fuel surcharge added to rates when fuel prices are up.
When I owned my own trucks, I was always on contract, and the surcharge was calculated each month. The surcharge would go up after the price of fuel had increased. I got out of the business completely last fall, so I don't know how well it's currently going. I have several friends that have also gotten out of the business. I have 1 friend that still owns his on truck and is getting loads from a broker, he is having to stay out longer and longer, because he has to find the right loads to get him closer to home, because he can't afford the fuel to deadhead home.
Posted on 11/1/21 at 11:23 am to roadGator
Is this a business relationship forming before our eyes?
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