60/40 split

cranis · Dec 2, 2013

OK I have been on this thread for some time, and getting closer to a career change.
When theytalk of 60/40 split, (I get the 60 and pay expenses) What would the average 60% mean in , say monetary amount per mile or load.
Also how would you know if the split is 60% of the total shipping.

tknight · Dec 2, 2013

60% is just that 60% do the math ,trusting the invoiced amount your told is a whole different thing when I started this I caught 2 brokers bsing me I walked away after I called them thrives to their faces ,they didn't even blink and could care less
If your getting a cut of the action you are entitled to see the invoices and confirm them legit ,if they refuse. To do it they're cheating somewhere walk away there are lots of honest owners and lots of no so honest it's hard sometimes to trust anyone other than your mother sometimes.i just today told one of my pimps to pound it over 150.00 dry run !

runrunner · Dec 3, 2013

cranis said:
OK I have been on this thread for some time, and getting closer to a career change.
When theytalk of 60/40 split, (I get the 60 and pay expenses) What would the average 60% mean in , say monetary amount per mile or load.
Also how would you know if the split is 60% of the total shipping.

It depends on the carrier that the truck is leased with,a company like FedEx you see the pay when they offer you a load so you get 60% of that plus you should get the fuel surcharge. If the owner is loading you that is different I guess you would have to take there word or have them scan bills and email them to you,like a pay stub. Of course the amounts will vary with every load.

cranis · Dec 4, 2013

Thanks for the answers, so I guess the answer is what is the milage rate for a van. Do not need exact, but the average that a person can get on a van load.

Opel2010 · Dec 5, 2013

What do you mean by "60 % and pay expenses"? You gotta pay other things beside the fuel?

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Turtle · Dec 5, 2013

cranis said:
Thanks for the answers, so I guess the answer is what is the milage rate for a van. Do not need exact, but the average that a person can get on a van load.

Vans pay about 95 cents a mile on average, depending on the carrier you are with. 60 percent of that is 57 cents, out of which you'll pay for fuel and tolls. You'll end up getting 30-35 cents a mile driving someone else's van at 60/40. Figure 1200 miles a week average (most are less than that) and you're looking at $360 to $ 420 a week.

tknight · Dec 5, 2013

Fuel oil washer fluid tolls parking tickets the list can go on and on if your not extremely careful

Opel2010 · Dec 6, 2013

Turtle said:
Vans pay about 95 cents a mile on average, depending on the carrier you are with. 60 percent of that is 57 cents, out of which you'll pay for fuel and tolls. You'll end up getting 30-35 cents a mile driving someone else's van at 60/40. Figure 1200 miles a week average (most are less than that) and you're looking at $360 to $ 420 a week.

95 cents sounds okay, unfortunately there are many small carriers that pay less than that. Like 80, 75 or even worse. But the good part, if I can say so, is they have lots of freight. So, you're looking at an average of 3000 miles per week.

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Opel2010 · Dec 6, 2013

tknight said:
Fuel oil washer fluid tolls parking tickets the list can go on and on if your not extremely careful

I don't agree with the oil. That should be owner's responsibility.

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KickStarter6 · Dec 7, 2013

Opel2010 said:
I don't agree with the oil. That should be owner's responsibility.

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I wouldn't mind oil changes in a Chevy or ford gasser van. That $50 tops at a quick lube type place, even cheaper if you do it from home. A sprinter though no thanks taking that bad boy to a stealership.

scottm4211 · Dec 7, 2013

KickStarter6 said:
I wouldn't mind oil changes in a Chevy or ford gasser van. That $50 tops at a quick lube type place, even cheaper if you do it from home. A sprinter though no thanks taking that bad boy to a stealership.

A DIY oil change in my Sprinter is $57 including 10 quarts of Mobil 1 synthetic and filter. Takes all of 15 minutes.

KickStarter6 · Dec 7, 2013

scottm4211 said:
A DIY oil change in my Sprinter is $57 including 10 quarts of Mobil 1 synthetic and filter. Takes all of 15 minutes.

The reason I take my dads sprinter to the dealership is because its new only 23k miles on it ATM. If he didn't work 12 hours a day 6-7 days he'd change it himself but he's too tired and lastly his only son me is one of the least mechanically inclined people on earth lol. But once it's older and or he starts doing expediting full time not just the occasional weekend run for me; it'll probably continue going to the dealership

BRILSA88 · Dec 30, 2013

It will all depend on if you are signed onto a company or drive brokers. Companies vary. Some pay per mile some pay a percentage. Either way you can figure it out. If its a company they should have a place where you can go and log in. It will tell you what the load will pay, what the fuel surcharge pays, and any other pay involved. If you drive for brokers they will tell you what it pays total as well. Most brokers do not pay a fuel surcharge. We have owned our own van and drove for a company. We have also drove for a company and brokers in someone elses van and honestly we make more money driving for someone else because they are responsible for any breakdowns and for regular servicing of the sprinter. We used to drive a 2008 sprinter dodge diesel. Now we have a 2014 dodge promaster gas. Which is the equivalant to a sprinter but much wider. Gas mileage sucks but cost of oil chnge and maintenance is much cheaper.

letsdrive · Jan 31, 2014

In regards to this 60/40 zplit and paying fuel tolls etc what would that van have to make to take home say $600 a week or is that a unreasonable goal to set expediting in a cargo van as a company driver or is that unrealistic for expediting in cargo van

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BRILSA88 · Jan 31, 2014

Not unrealistic at all. You would have to run around 2500 miles a week to get that but it can be more as well.

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KickStarter6 · Jan 31, 2014

letsdrive said:
In regards to this 60/40 zplit and paying fuel tolls etc what would that van have to make to take home say $600 a week or is that a unreasonable goal to set expediting in a cargo van as a company driver or is that unrealistic for expediting in cargo van

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When driving and getting the 40% in the fourth quarter Iast year I averaged around $600 a week

mx377 · Jan 31, 2014

Turtle said:
Vans pay about 95 cents a mile on average, depending on the carrier you are with. 60 percent of that is 57 cents, out of which you'll pay for fuel and tolls. You'll end up getting 30-35 cents a mile driving someone else's van at 60/40. Figure 1200 miles a week average (most are less than that) and you're looking at $360 to $ 420 a week.

So would .90 per mile & I pay for insurance be a good going average?

BRILSA88 · Jan 31, 2014

If you drive for a company you won't get to choose your rate.

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mx377 · Jan 31, 2014

BRILSA88 said:
If you drive for a company you won't get to choose your rate.

This is what I was offered. .90 per mile & I get my own Insurance.
Not driving for a company, O/O

ttruck · Jan 31, 2014

You buy the fuel out of ur 60% all other expences are on owner,when I started w/ panther I was 60/40 did well when u are moving if ur sitting the fuel like I said is on u.depending who you are working for, im with landstar now as an owner and the drivers do much better because the rates are a bit higher than most I her that bolt does well also.