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Real life example of Load Boards and rates.

Discussion in 'Ask An Owner Operator' started by Wooly Rhino, Sep 7, 2017.

Page 1 of 15
  1. Sep 7, 2017 #1
    Wooly Rhino

    Wooly Rhino Road Train Member

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    Liberty, Missouri
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    This is just an example of load boards and the loads available. My purpose to keep anyone from hauling too cheap and thus bring us all down.

    The Load Board is DAT. The version I use has the 15 day market rates.

    The load is a Coyote load from Kansas City, MO to Cheyenne, WY. Coyote has posted an offer rate of $1400. The miles are 635. So this load would seem to be a good run. It is only one day and it pays more then my minimum of $1000 a day. The problem is that this load should pay 1663.70 at the market rate. Fuel cost are up because of the rain in Texas and getting out of Cheyenne is difficult. The return trip, if you can find one, market rate is 673.10. That is way below my minimum. So you have to get back to KC the long way around.

    Where the problem really comes in is when someone actually does the load for below market rates. We should be working to push the rate up and not down. I would bid $1700 on this load. (My truck is in the shop until Friday so......) Someone would take the load for a lower rate then I would but I establish the fact that I don't haul cheap. The broker I work with at Coyote knows that. He knows I would rather sit then to work against myself in the long run.

    Most loads on the load boards do not have an offer rate posted. You call and negotiate the rate. I start with the Market rate plus 10%. If they come back with something very close to the market rate then okay. If they are way off, I tell them so and stick to my rate.

    We don't have to get the gravy on every load but hauling cheap is dying the death of 10000 cuts. Find out what the market rate is before you speak to a broker.
     
    Wooly Rhino, Sep 7, 2017
    Wooly Rhino, Sep 7, 2017
    #1
    Oldironfan, izifaddag, JimmyWells and 11 others Thank this.
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  3. Sep 7, 2017 #2
    BoyWander

    BoyWander Road Train Member

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    There is nothing out in Cheyenne.

    I saw an XPO load last week Joplin to Cheyenne. 800 miles posted for $3000. It was on a Wednesday afternoon, so obviously Friday delivery. I had no intention of getting stuck in Cheyenne all weekend. Load choices are too thin there. On Monday or Tuesday morning I'd do it. I didn't even bother calling on the load. No interest. There is more to this than just the rates.
     
    BoyWander, Sep 7, 2017
    BoyWander, Sep 7, 2017
    #2
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  4. Sep 7, 2017 #3
    BoostedTeg

    BoostedTeg Road Train Member

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    You could have just deadheaded out of Cheyenne and still be ok.
     
    BoostedTeg, Sep 7, 2017
    BoostedTeg, Sep 7, 2017
    #3
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  5. Sep 7, 2017 #4
    Pepper24

    Pepper24 Road Train Member

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    I understand everyone has different costs.But if you couldn't have found anything you could have DH back to Joplin and still cleared almost $2 a mile
     
    Pepper24, Sep 7, 2017
    Pepper24, Sep 7, 2017
    #4
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  7. Sep 7, 2017 #5
    whoopNride

    whoopNride Road Train Member

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    Miss.
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    1663.00 is too cheap to go to that black hole, what is that, 2.61per mile on 635 miles. I turn down loads all the time that pay $3700 on 1086 miles from Memphis to Cheyenne.
     
    whoopNride, Sep 7, 2017
    whoopNride, Sep 7, 2017
    #5
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  8. Sep 7, 2017 #6
    BoyWander

    BoyWander Road Train Member

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    Michigan
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    Yes you could just deadhead to Joplin
    But not on a Friday. More likely I'd run empty to KC. Like I said, I'd take it on a Monday or Tuesday morning. I don't like being in a cruddy market like KC on Friday either.
     
    BoyWander, Sep 7, 2017
    BoyWander, Sep 7, 2017
    #6
    izifaddag Thanks this.
  9. Sep 7, 2017 #7
    Big Don

    Big Don "Old Fart"

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    Utah's DIXIE!
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    Even thinking of DH down to Denver isn't a good idea. Denver doesn't have a lot going out of it either.
     
    Big Don, Sep 7, 2017
    Big Don, Sep 7, 2017
    #7
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  10. Sep 7, 2017 #8
    HopeOverMope

    HopeOverMope Road Train Member

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    I-20 LOUISIANA
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    I agree. It's funny because I just came from Landstar where the posted rate was what the load actually paid. $2 was always low, $2.25 a mile was low, $2.50 was decent, $3 a mile was moving, $3+ was making a living.

    So now I'm on truckstop.com and I negotiate with brokers based on the basic rates at LS. I get scoffed at a couple of times but I KNOW what these lanes pay. I'm established enough to hold out, jeez. Only way to haul @ $1.80 if your getting 100%

    With a paid for truck n trailer, and no home bills but electricity and insurance you can work the "fabled" $1.80 market [not super well but do-able] But owner ops stick up for yourselfs!!! Rates are NOT this s h * t t y- I've been watching real rates at LS for over 4 years
     
    HopeOverMope, Sep 7, 2017
    HopeOverMope, Sep 7, 2017
    #8
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  11. Sep 7, 2017 #9
    8thnote

    8thnote Road Train Member

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    Chattanooga, TN
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    The "market rates" that DAT throws up there do not even come close to reflecting reality
     
    8thnote, Sep 7, 2017
    8thnote, Sep 7, 2017
    #9
    Andrew Woods, Oldironfan, Dave_in_AZ and 4 others Thank this.
  12. Sep 7, 2017 #10
    nax

    nax Road Train Member

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    Dec 14, 2016
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    Oh yeah?

    Wanna point me in the right direction ?
     
    nax, Sep 7, 2017
    nax, Sep 7, 2017
    #10
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