Comments By Marc Lee AKA The 100k miles Champ

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Posted:  8 months ago

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Trying to contact Rob T. in Iowa...

I remember MillionMiler28 , Brett was extremely pivotal into helping him getting back into trucking.

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First a magazine and now memes!?!? Wont be long til I'm highest trending on Twitter rofl-3.gif

Michael there are many great stories from our members here. A couple that you may want to look at are a story about an accident that Persian Conversion had titled Life, death and resurrection of my trucking career unfortunately he doesnt come around anymore though.

We also have a member named MillionMiler24 that literally was homeless sleeping in a wooded area in Florida. Through his hard work he was able to successfully complete schooling for CRST and has since become a trainer for them. If you or anybody else is interested in hearing more here is his CRST training diary . I cant find the thread he discussed his living situation but this is from his profile

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Became homeless in 2016 and looking to get back into trucking to get myself out of this situation. I figured this site is by far the best route to get myself out of this situation and back into making some good money so I can actually figure out what I want to do with my life. As of June 9th 2017, I have been accepted to restart my CDL training with CRST Expedited Trucking out of what is now going to be my new hometown of Cedar Rapids, IA (at least for BARE MINIMUM 1 year). As of June 30th, 2017 I have now REACQUIRED my Class A Iowa CDL through NADTA (North American Driver Training Academy) and CRST. Also as of 01/04/2018, I have now been approved through CRST's Safety Department to become a Lead Driver which is our version of a trainer. I have now as of 04:00PM CST on January 12, 2018 been officially certified as a Lead Driver. I thank everyone here at this site for their support that they have given me to restart my journey. I have prayed to God and he has answered my prayers.

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Posted:  8 months ago

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Prime Lease Update

I will put in my 2 cents in the insurance aspect...Every load behind haul under a company's authority is covered by that company. They may charge the O/O or L/O a monthly fee for the coverage but any damages to the load falls under their cargo insurance since they are the ones on the BOL.

Occupational mostly known as Occ/Acc has similar coverage as Workers Comp but with a lot of limitations , any lawyer that truly earned his law degree can go around those limitations in a heart beat and make the company cover whatever limitations they have on the Occ/Acc policy which is why evry company that offers that coverage also gets a contingent liability policy to cover their behind. ...

Posted:  8 months, 1 week ago

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Not-at-fault accident affecting insurance

Yeah get your MVR, and see i you are listed on there as an at-fault driver or get your LexisNexis report you can call them @ Customer service: 1 (800) 543-6862... they are the one that report every accident to the insurance companies. Even though you were hit from the back, there is always a little surcharge that comes with it on your insurance because we all have heard of all the scammers who brake hard in front of you so can hit them so that they can file an insurance claim so there is always a presumed at-fault aspect in it in the eyes of the insurance companies

Posted:  8 months, 1 week ago

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I have New News to Tell You! Know how I always wanted to do this in trucking.....

Just although i am not a truck driver, some people on this forum have inspired me a whole lot

Thank you Cornelius! I appreciate that a lot. How are you doing these days.

Posted:  8 months, 1 week ago

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I have New News to Tell You! Know how I always wanted to do this in trucking.....

Congrats Victor .... i am happy you overcame every challenge that was thrown your way and i hope your resilience will be an inspiration to many

Posted:  8 months, 2 weeks ago

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Hey Rob. D

Hey neighbor , i am in hickory hills west of 87th and Roberts

Well I live in the Oak Lawn area. And my truck and yard is right next to O'hare airport. You're closer to O'hare. So if that's something you want to do let me know. I start early, around 3 normally. But usually pull back in by 2 depending on how the day goes.

Posted:  8 months, 4 weeks ago

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Owner operator

We want our o/o to make a minimum of $4500 per week because we get 13% of that ..... a lot of production companies use box to meet their production deadlines because boxes do not face the same restrictions as 18 wheelers

Posted:  8 months, 4 weeks ago

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Owner operator

Do so

If I buy a box truck tomorrow, and lease onto your company, what can you guarantee in writing for pay? If you don't want to talk about it in public, I can shoot you my email and we can discuss.

Posted:  8 months, 4 weeks ago

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Owner operator

Yes you can expect that...... if you dont make money then we dont make money.... our goal is to keep you as busy as possible.... but remember we only do box

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most of them run hard then take some few months of vacation to go to their countries...

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Then no one is actually grossing $250,000 or netting $100,000? These are theoretically possible, but no one is actually doing it?

Is that much freight even available at that rate? If I bought a truck today, signed on with you, and said I would run 50 weeks next year could I expect 2,500 paid miles per week at an average of $2 per mile?

Posted:  8 months, 4 weeks ago

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Owner operator

Like i said , we are a logistic company booking loads for them .... we dont want to go through the headaches that comes with owning a truck ... repairs . maintenance et al.... so we charge o/o 13% of their gross for which 1.5% goes to the factoring company ..... box trucks are mostly used b2y production companies that have production deadlines to meet which is why you have to gain the trust of the brokerage to run box trucks, once you have the reputation for on time delivery they use you more.... and Brett to answer your question yes if they were running 52 weeks a year they would but most of them run hard then take some few months of vacation to go to their countries...

Posted:  8 months, 4 weeks ago

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Owner operator

I didnt want to come back to this thread but beside doing insurance , i have invested in a logistic company that was started in 2016 and currently runs 30 trucks... the way we make our money is by booking loads for box trucks because that is all we specialize in and i know how much the CPM is for the loads we book. We only own 4 trucks plus 26 owner operators.... i respect Brett's vision and mission which is why i have never disclosed this... i roam around this forum because of all the advice that is given in here and when i see a question that draws my curiosity , i call my good friend who was the VP of operations at Schneider for 20 years and Roehl for 15... This site has helped me improve my safety department but i know the freight rates because that is how i make my living: booking freight. i know how much the drivers my company dispatches gross a week

Posted:  8 months, 4 weeks ago

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Got Fired - Searching for a new job

Like Old School said , cell phone offenses are very high security alerts...... insurance companies frown a lot on it

Posted:  9 months ago

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Owner operator

Now do you understand the difference between expedited freight and regular freight?

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

And if you think I'm dumb enough to go look at holiday freight rates, you're out of your mind.

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Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

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Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

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Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

Posted:  9 months ago

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Owner operator

Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

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Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

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theyb have to provide me with their profit and loss statements

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I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

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Posted:  9 months ago

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Owner operator

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

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theyb have to provide me with their profit and loss statements

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I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

Posted:  9 months ago

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Owner operator

Yes they are .... theyb have to provide me with their profit and loss statements and they are some people who do quite well

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from looking at their financials their take home is around 2k a week

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And by that do you mean their tax forms, specifically the line that says, "Net income after all deductions" - that's the only number that matters. Everything else is just a fantasy.

I also find it impossible to believe they're bringing home $100,000 in net profits. Don't worry though, I've found every big number impossible to believe because not one person in 26 years in this industry has ever shown me the real number.

Posted:  9 months ago

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Owner operator

What i can say is that most of my successful trucking customers are into the expedited side of things where they run 26k lbs or less trucks.... they gross around $5k per week , 13% goes to the dispatching company and the rest goes towards all the expenses that comesm with trucking , from looking at their financials their take home is around 2k a week

$

Posted:  9 months, 1 week ago

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Training with Veriha updates...

Marc can fix everything including backing a truck.... Marc you are a great inspiration to many and have inspired me in other aspect in my life... keep up the good work

Posted:  9 months, 1 week ago

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Rookie Solo Adventure, thoughts, questions, vent, and ramble.

I live in Chicago which in chicago language means i live in the suburbs. Living and parking in Chicago is a nightmare. meaning a lot of people live in the suburb and have to use that metra train to make it to their jobs .... parking in chicago at its cheapest is $32 bucks a day but can be cheaper if you catch the early bird thing

Spoonerist relates:

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I might’ve shared above that I’m studying dimensional/perceptual reality and how it relates to human (Western) society.

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I am in Chicago and saw the "Metra" commuter train and pondered explaining the "commuter train" concept to horse and buggy folks.

I would get some feedback from some of the experienced drivers on the forum about teaming before taking the leap.

Posted:  9 months, 2 weeks ago

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So you want to start your own trucking company?

I work with many trucking companies

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Factoring companies charge between 1.5% to 3% depending on your volume of loads.... Landstar for example offer their own factoring for 1.5%. They set you up with a fuel card that gives you a 15% discount at the pump.... most loads go for 2.15 cpm ...if you are using a dispatching company they charge you 13% for the dispatching and handling of all your paperwork, uber freight charges 1% otherwise you can sign up with brokers directly if you are operating under your own authority

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Another thing not mentioned in the article: FLOAT.

As in - most accounts-payable are "Net 30", and the time and expense that comes with having to CHASE YOUR MONEY.

Many O/O's choose to use "factors" - that is, people who will essentially pay off your BOL's, for a 10% fee. Usually only from "approved brokers or shippers". There's also CHARGEBACKS, BOL's that end up NOT PAYING - which results in your factor taking the $$ they advanced you BACK. Most factors will require you to be EXCLUSIVE TO THEM (no "multiple factoring companies") which means you can only take loads that THEY APPROVE (which are loads they have a high confidence will ACTUALLY PAY THEM). So knock another 10% of that gross revenue fee. It's a VICIOUS WORLD out there - between competition, shady brokers. And if you think you get used/abused by shippers as a company driver for a major company - O/O's end up even lower on the totem pole.

Also find the $1.85CPM from brokered loads might be a "little high". Spot rates from brokers are running a bunch lower now (haven't been on the load/brokerage boards in awhile). A lot of the rates are dependent on location. And many "slow lanes" are significantly less. You will NOT SEE $1.85 coming out of S. Florida - and many folks won't even come INTO S.Fla without a rate over $2.00 - so they can just turn around and deadhead out.

As far as a "rookie", just buying a setup and jumping in - most insurers will only insurer a "new guy" with INTRASTATE insurance for year one - which means NO OTR. Even that was incredibly expensive (upwards of $15K).

I did EXTENSIVE RESEARCH a few years ago at the possibility of purchasing a setup and getting on the road as an independent. Even with FULL CAPITALIZATION (as in $200K liquid) and a business plan approved my my accountant and attorney - the risk to reward ratio just DIDN'T JUSTIFY THE EXPENSE.

It's called: BUYING A JOB - and not a good paying one. The "return on investment" was so low, I would be better off putting my $$ in a CD or money market account...

For every GOOD REASON someone thinks they want to go O/O, there are THREE that say you shouldn't. Not to say that there aren't O/O's that aren't making a decent living (and I know a few) - but these are SEASONED VETERANS, not newcomers.

Rick

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Source?

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