60/40 split?

[jay shipley]

Anyone see anything wrong with a 60/40 split, with the driver buying the fuel? Also need to add that owner pays all tolls, additives, and expenses otherwise incurred....gets none of the FSC. Also Norpass, prepass, XM radio....direct TV...not currently working, but getting fixed....wiring problem. I just had a team quit because they thought I get too much money, I guess....and they should get more. Anyone toss a figure out there for me....driver preferrably....who can shed some light on average income for drivers after fuel and split? I know how to do the math...been doing it for years!

 

[ericmoss37]

I do the same thing but I pay the fuel and take the fuel supplement. Drivers apprciate it more, but you have to bite the bullet because they will deadhead a 100 or so miles to get home once in a while. I think owners set it up as drivers pay for fuel to prevent that. Often that makes them unhappy because they may have something they have been looking foward to at home. Plus it takes 15 days to get the fuel supplement to the drivers with Panther. This will leave the drivers short on cash for long periods of time. I would consider getting a Wright Express card and set it up to draw directly from your checking account. Give incentives for fuel consumption savings and proper management. Example if they do over 3500 miles consider giving them a bonus for doing a good job running your business.

 

[jaminjim]

What company do you have trucks with?

 

[iceroadtrucker]

Anyone see anything wrong with a 60/40 split, with the driver buying the fuel? Also need to add that owner pays all tolls, additives, and expenses otherwise incurred....gets none of the FSC. Also Norpass, prepass, XM radio....direct TV...not currently working, but getting fixed....wiring problem. I just had a team quit because they thought I get too much money, I guess....and they should get more. Anyone toss a figure out there for me....driver preferrably....who can shed some light on average income for drivers after fuel and split? I know how to do the math...been doing it for years!

I am just a Driver from My stand point

Im not going to pay to drive your truck.

So U pay the tolls and the Fuel.

I will take my 20% at the run pay and Dh pay

My co driver will get 20% same as me.

I will down load 40 of the total amout to the card and run the truck off of that.

That my bottom line. Now if Im running your truck single then U will pay me 36% at run pay and DH Pay.
Note again the Fuel Surcharge I dont get nor the toll monies .

The above will keep a team mostly. One last thing the owner will pay the DH home.

Example I been out here since May well no home time
well TImes up its Aug time to go home U paying the DH.
Simple as that. Now Im not saying DH 1000 miles but if its 500 and to go home and home is in VA and Im in NJ well I DH . No Im not going to pay for it either.
One last thing with the company I Drive for they home base the Truck outa from where im from so guess what I dont get runs to that area with the exception of one time in the 3 years Ive worked for them. How ever I get runs to pu and take outa there alot.
Now How would you like that Not been on home time since May get a Run to PU in VA 80 miles from the House but cant go home as u pu in the morning and U get to the area late at night. YA get so Close but yet so far if you get my drift. Any way I gave U my answer it is what it is. I dont pay to drive your truck.
thanks for listen

 

[ericmoss37]

I would consider changing to 40/60 split fleet owner pays fuel. What costs you more the switch or having your truck sit in a parking lot unattended? It's bad enough that it's slow right now and if these guys don't play their cards right they are going to gross less then $600 a week. I could use a good team. I have two trucks with solo's in them. What were their names again?

 

[Tennesseahawk]

Geez, IRT... you have a lot of demands for being a steering wheel holder. Owner would pay for you to go 500 miles to the house? I'd have you sticking your thumb out.

To answer your question, JC... it all depends on the company you're signed on with. High fsc and fair dh wouldn't be bad for the drivers to take the 60. But if the fsc is crappy, and/or there is a high amount of dh, you're asking the drivers to carry way more of the expense.

 

[iceroadtrucker]

Geez, IRT... you have a lot of demands for being a steering wheel holder. Owner would pay for you to go 500 miles to the house? I'd have you sticking your thumb out.

To answer your question, JC... it all depends on the company you're signed on with. High fsc and fair dh wouldn't be bad for the drivers to take the 60. But if the fsc is crappy, and/or there is a high amount of dh, you're asking the drivers to carry way more of the expense.

Like I said If I stay out more than the usual team of which i do well then U know the rest.

If You got the Equipment and Ibe getting the loads and be poping and u be making the money U know the rest right.

Like I said My Friend I been out since May here it is Aug you do the math. Only thing is since June 18th I be pulling a dry box vice a reefer.

 

[jay shipley]

Geez, IRT... you have a lot of demands for being a steering wheel holder. Owner would pay for you to go 500 miles to the house? I'd have you sticking your thumb out.

To answer your question, JC... it all depends on the company you're signed on with. High fsc and fair dh wouldn't be bad for the drivers to take the 60. But if the fsc is crappy, and/or there is a high amount of dh, you're asking the drivers to carry way more of the expense.

I agree, Hawk. Guess this guy wants the whole pay...never mind paying the truck payment, huh?

 

[jay shipley]

What company do you have trucks with?

Got one truck on with Baggett and one with Polly (formerly with Bolt). Broke contract with Bolt due to base rates being down and drivers complaining, so dumped the contract and ate those costs.

 

[jaminjim]

Staying out four months, if I was a fleet owner I'd pay that 500 miles deadhead for you.
Larry that high horse your riding lately needs a rest.

 

[Tennesseahawk]

What high horse is that, Jim?

I'm pretty liberal about paying my drivers. And if I had a truck that's been out for three months, I'd find em a load home. 500 miles is $250+. Funny how drivers are TELLING owners how to spend their money now.

I just find IRT to be somewhat demanding, is all. He ain't payin for that. He don't pay to drive someone else's truck. Well, he should get his own truck and see if he spends his OWN $$$ to go 500 miles home. But he's set in his ways. I see no potential for thinkin outside the box. When asked what company he drives for, he said "The Fed! Who else?"

There are plenty of options out there for making money, IRT. Maybe you should think about that next time you post about not making enough.

 

[Suds43]

I"m with IRT......I'm on a 40/60 split, owner pays for fuel, truck maintenance, etc.
BUT, we keep track of dh, try to keep that to a minimum as much as we can. . Don't take advantage of the owner, he doesn't take advantage of us. We take good care of his equipment.
We want to go home, it's our nickel though.......then we pay the fuel. We also pay tolls.
Call me a steering wheel holder if you want to, I am what I am. But last time I checked, a 'steering wheel holder' doesn't have to decide what loads to take, what not to take. Where to sit, where not to sit. Keep track of dh, etc.

Let me throw this out there, get some opinions.

Owner puts 50% of total load pay (including fsc) towards fuel, pays the driver 40% of the loaded miles.
50% + 40% = 90% Which leaves the owner 10% of every load
Just can't figure out how this owner is going to stay in business.........am I missing something here????????? Truck is paid for, so that's one less bill to pay a month.

 

[Tennesseahawk]

Suds... if you do what you say, then I wouldn't consider you a steering wheel holder either. I know we have enough of em in this industry tho. Drivers who are happy to be guided by armchair quarterbacks who tell em to call before accepting loads. Frankly, I don't know how they go day to day without thought of their "employer" not paying SSI.

As for your inquiry, does the whole 50% go toward fuel? If so, I'd say the rate is a tad low. And as far as the owner having the truck paid off, that shouldn't even enter the equation. Always account for a truck payment. You do want a new truck one day, don't you?

 

[pelicn]

You asked for a drivers view... We drive for an owner..40/60..owner pays for fuel, maintenance on the truck. He gets all the FSC, all other pay is 40% to us 60% to him. We pay tolls, which are reimbursed if we are in service 70% of the month. He requests that if we are going to DH home, to be less than 300 miles Any maintenance is either paid by us and reimbursed or done with a comcheck.
We don't take advances, we wait til the settlement comes in and our money is direct deposited into our account. We requested it be that way.
We take care of his equipment, he takes care of us.

 

[dabluzman1]

We have been on a 60/40 split + FSC for 18 months.
We pay fuel and tolls. The owner pays ALL maintenance and repairs plus
anything we buy to keep the truck in good shape like seat covers, floor mats
or a rug for the floor and truck washes.

I compare my 60/40 + FSC every month to a 40/60 ( 40 % of the run miles only )
and every month my settlement is 4 to 4.5 % HIGHER than being on a 40/60.

$4000.00 to 4500.00 more for every $100,000.00 the truck grossed goes into my
bank account.

Facts is facts, nuff said.

 

[ericmoss37]

We have been on a 60/40 split + FSC for 18 months.
We pay fuel and tolls. The owner pays ALL maintenance and repairs plus
anything we buy to keep the truck in good shape like seat covers, floor mats
or a rug for the floor and truck washes.

I compare my 60/40 + FSC every month to a 40/60 ( 40 % of the run miles only )
and every month my settlement is 4 to 4.5 % HIGHER than being on a 40/60.

$4000.00 to 4500.00 more for every $100,000.00 the truck grossed goes into my
bank account.

Facts is facts, nuff said.

Yes if you are not on a flat rate fuel surcharge program. I decided to put my fleet on the flat rate so we could accept more loads. We were getting .70 fuel surcharge offers on short runs and .15 a mile on some of the longer runs. Now all the runs are at .38 cents a mile on the flat rate program. Fuel will cost us $1.25 a gallon. I don't think the drivers would make money on those numbers.

 

[dabluzman1]

Hi Eric,
We drive for Fedex. The rates for FSC are flexible flat, they vary as the national fuel
prices do.
For comparison sake every one can figure their net on both pay systems.
Everyone has the fuel costs.
Run a comparison using YOUR sets of criteria for pay.
Let the facts speak for themselves.
You may be better off on a 40/60.
As for Linda and me, we bank more money every month on a 60/40 split.

 

[jaminjim]

Well Larry, if I interpreted what IRT said correctly he is able to determine which loads are profitable and which ones are not. I base this conclusion on his statement that he is able to run his (owners) truck on the forty percent that is loaded to the truck which included fuel, tolls, oil changes, tires, minor repairs. Now I don't actually know that he is able to accomplish all of that or not, but he said he does so we must accept his word that he does. (I have not heard anyone say that they think IRT is lying)

So with that part taken care of, that seems to move him at least one step above a steering wheel holder.

The driver states that he has been out since May, this is the 16th of August, so we could be at three and a half months out. IRT states that he would NOT Deadhead 1000 miles home, but within 500 miles he thinks that he deserves to get a free ride home. So as we know you really are not allowed to book your own loads at FedEx, finding a load is more or less out of the question. As his (I'm not) fleet owner with him running the truck as he says he does, if he got to within 500 miles, knowing that the Fed will deliver anywhere in the US, and that he might not get within 500 miles again for a month or more, I think it's a no brainer. He might not get that close to home for two weeks or more, so that could make it up to four months out, or an average of 125 to 150 miles "free" per month on the road.

If you will not allow your drivers 125 or so "free" miles after four weeks on the road, who's treating who like an employee.

I can hear the conversation now.

The steering wheel holder says, "Hey Larry we have been out for four weeks now to include July 4th weekend, we are going to head to the house for a few days."

Larry says: "Listen punk your not doing it on my dime, don't you know that it costs me money to roll that truck, it's not my fault you live 100 miles from our customer base, now get on the phone and find a load that delivers within one block of your house, you, you, mealy mouthed, whiny no business sense wheel holding punk"

"But Sir we just wanted to watch our granddaughter on TV compete in the Olympics, and knowing that her own father would not even go with her to the Olympics, we felt it was the best thing, after all she is only twelve. Remember us telling you that we wanted to go with her, and that we knew that it was VERY expensive to leave the truck for the three days without being in service, but we were willing to stay for just her event and jump back on the airplane and be in service late the third day. And you told us that if we were not on a load, and if we were lucky, we might be able to see the broadcast at a truckstop provided it was within two blocks of a delivery."

Larry says:" Heck you don't see me crying, I would have been able to listen to it on the XM radio if I hadn't discontinued my subscription. That dang radio was costing me $0.0006633 per mile. Now Mom and Dad get back out on the road and we can talk about my Daughters Olympics some other time" At which time Larry slams the phone on the dash breaking it in to a hundred pieces. Ah crap with them Larry mutters to himself as he calculates the cost of the second new phone in as many months. ( the first one got broke when his Daughter hung up crying that Daddy wouldn't approve the Com Check for her flight)

Oh and by the way congratulations on the step up to Fleet Ownership (I really mean that) And oh by the way (number two) Larry's daughter finished with a gold metal, she did seem rather sad thou while standing on the top of the podium while the TV cameras panned the crowd looking for the proud parents.

 

[ericmoss37]

Either way I don't understand how drivers could make money off paying for fuel unless they are not on a flat rate and they only except high fuel surcharge loads. Fuel surcharges are not designed to pay for all the fuel. Now if I was opperating as a solo owner I would not be in the Panther fuel surcharge program. I would sift through the loads for high fuel surcharges like .59 cents a mile and .70 cents per mile. That would more then pay for the fuel and some of the cost to run the truck.

 

[Tennesseahawk]

LOL Jim... when do I get the small third world country to repress?

BTW, I'm not into fleet ownership. Just a one truck op.

Attitude is everything. Look back at how IRT dictated what he WILL do. I know... it's probably big talk on the net. And I responded how I would if he dictated to me, if he drove for me; which he doesn't. And he never would, especially seeing as he only knows one company; one that I'd never put a truck on with. Hypothetically tho, I wouldn't have my trucks out three months, regardless of how good the freight is. Hometime is too much of a necessity.

All in all, if someone is willing to spend your money, as IRT states he is, it would be in the owner's best interest to have the drivers pay for fuel. Now, I know a lot of drivers don't play that way; and a 40/60 is fair for all.