I've been thinking for a little longer than a long time, ever since I first heard about this program thru Schneider, years and years ago. Frankly always wanted to do it, done my homework over and over, again and again. Have come up with enough excuses, long enough, not to do it. Now, 15 years into the industry, I'm just about ready to finally take the plunge, begin my journey to eventual owner-operator status, before I get any older and any closer to retirement (45, going on 46 in a couple months).
I know. The conventional wisdom that anybody will tell you is don't lease a truck thru a carrier. Buy your own, run under your own authority. In a perfect world, where I had the time to fix up my credit, and save up enough money for a large truck down payment... absolutely. But that's not where I am, thus I'm here instead.
Lastly, yes I know there's probably tens of threads on this topic on here. If I had time to look thru them all, I would. But, I don't, and this is easier for me. Hope you don't mind helping me out here, rather than redirecting me. Thank you.
Now then. All that out of the way. What I'm wanting to know and get a better understanding of is this:
I see Schneider pays 65% of linehaul revenue. As a driver who has always been on CPM however, I just have absolutely no point of reference at all whatsoever, as to what a typical load pays at 65% of LHR. And yeah, I'm sure there's no such thing as a typical load. But let's just say on average. Say an average load is about 900 loaded miles, maybe 48 hours or less between pick up and delivery. If I'm not too far off here, whereabouts am I looking at for the LHR on something like that, and a driver's 65% after Schneider takes their cut?
Also, what do your expenses average most weeks? As I mentioned, I will be planning on leasing a truck, for $1,100 - $1,350 per week, not sure what my fuel expense will be, but I expect that to fall somewhere between about $1,100 - $1,800 per week, based on how much I typically fuel as a company driver, current prices, etc. I have no idea what insurance will cost me weekly, though I do have a clean record with no tickets or accidents. And no idea what my other weekly expenses will be, or how much I should expect those to come out to. So the more you can help me out with all this, the better. Much appreciated.
Thank you to any and all for whatever numbers and examples you can provide me with!
Oh and the last thing I forgot to mention. Just in case it matters to anybody or makes a difference. I live in Las Vegas, moving to Northern Arizona next year. Will be planning on running, ideally if feasible and practical, mostly southwestern states as far east as Texas, Oklahoma, Kansas, Nebraska, west coast to include Oregon, Washington, and yes California (if worthwhile), most other western states, just not too much of Colorado, Wyoming, Montana during the cold months. Will run the southeast, below the Mason Dixon line if necessary to open up my operating area a bit more to be more profitable. Maybe run the Midwest during all but the winter months.
Thanks again!
Average linehaul revenue, weekly expenses on choice, lease
Discussion in 'Schneider' started by Jeremy102077, Aug 28, 2023.
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You’ve picked the worst time to jump in and I say that with the upmost sincerity. I’m leased to a carrier, I have my truck paid off and I’m still struggling mightily. I would at least wait until the market flips. Who knows when that’ll be. Good luck with that huge truck lease payment geez
JoeyJunk, TheLoadOut and Jeremy102077 Thank this. -
Would like to get back to the topic and questions I posted, if you don’t mind please. -
I would never in a million years operate under my own authority. I dont have the people skills to drum up business. I looked at Schneider Choice a few years back, but frankly they scared me off when they wouldnt (or couldnt) show me their load board. All they said about it was "find a driver and ask him". I bought a truck and went to Landstar 5 years ago. For ME, its a perfect fit. It wont be for everyone.
I would also never in a million years lease a truck from a company. Talk to your BANK. The one you have your checking account with. Sit down with them and say "This is what I want to do, can you help me do it?" and you will be amazed... Assuming your credit isnt in the dumpster. You can still go the Choice route if that what you want to do, but at least you wont be a slave to their maintenance department...Speed_Drums, boxerpupsrcool and Jeremy102077 Thank this. -
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Schneider has very little freight that far west…….
get your own fuel card as soon as you can. Nastc or mudflap anything is better than Schneider’s card.Jeremy102077 Thanks this. -
TheLoadOut, Chieftains, M22 rockcrusher and 1 other person Thank this.
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Physical damage threw Schneider on a new truck will be close to $160 a week.
MMA might be another $150Siinman and Jeremy102077 Thank this. -
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If any current choice o/o or l/o can include screenshots of the load board please, that would be super helpful.
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