Has Flatbed PAY Finally Hit ROCK BOTTOM?
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- Опубликовано: 16 май 2024
- Has Flatbed PAY Finally Hit ROCK BOTTOM?
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It's no surprise that the rate per mile for flatbed has been falling RAPIDLY over the years, and national average is said to be a whopping $2.48 but is that true?! Join Ronen as he breaks down the actual national average, tackles existing factors that are being overlooked, showcases pay statements to assist drivers in better understanding what realistic monthly earnings look like!
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Chapters📚:
00:00 Introduction - The ACTUAL National Average
01:00 National Average Breakdown for Flatbed and Dry Vans
01:32 Where to get the best flatbed tarps!
02:18 Pay Statement #1 Breakdown: 85/15 Split
04:10 Pay Statement #2 Breakdown: 75/25 Split
05:13 What does the National Average FAIL to take into account?
05:49 Conclusion
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#FlatbedPay #NationalAverage #RockBottom
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I left reefer to run flatbed and had to help find loads off the boards.
What I found was there's way less flatbed volume, the pickup truck guys competing for all the light and partial loads, and the flatbed loads only paid a few hundred more money.....
That caused missed days each week.
Then I work a lot harder doing flatbed.
It's like working harder and making less.
Those pickup trucks are menaces sometimes
I love the jab he threw at the trucking gurus all over the internet promising $4-5k a week
These are total for team drivers who average more than 6k miles per week
We're just keeping it real
@@NorthAmerican-Trucking-News you find out in America when we keep it real, it's a whole different thing than being a Canadian. It can happen at any minute to you.
Most mega carriers will not allow allow a solo driver to make so much gross.
They will freeze you out for the following week.
Or give you loads that has a lot of days in-between. And as we all know it’s forced “non-forced” dispatching. So accept the loads that week with so much extra time you won’t know what to do with it. Because the retaliation should you not is giving you one load for the week.
Once your truck gross 7k-8k which is about 3-5k net.
Mega carriers start the nonsense.
Some dispatchers will even tell you that they get in trouble. If they don’t stall you out.
Such a corrupt way of cheaping out on paying appropriate and fair wages
A lot of companies lie even the mega they get a load for 4000 they tell the driver it’s paying 2000 then charge them 15-35 % on top of what they took off
That is why, if you are paid by percentage, demand to see the actual pay! Specially if you are an O/O! And Ronen also mentioned it on his channel here previously! That should be a dealbreaker honestly! Either they tap their hands and reveal the data or don't work for them! This is one of those "My way or the highway" cases.
@@naosay you got companies that edit the rate cons so you think they being transparent but in reality they not. If I can’t pick my own loads from the load board myself I’m not going to lease on at all. We all want broker transparency but we need to fight no company transparency too
You are absolutely right!
@@Imbrokeaintgotit
You only need one case to prove that and it will be considered as a fraud over 5,000$., meaning minimum 2 years in federal prison.
$1,500 a month on insurance is crazy. I only ever paid that much when I was a brand new 23 year old O/O with new authority and speeding tickets, and now I only pay $500 a month.
As a large fleet, you should be able to get much better rates.
We're not very large believe it or not
For a couple hundred dollars difference it makes more sense to have your own trailer and do the 85/15 split, thats a no brainer. Run the trailer for a few years and sell it your ahead of where you would have been with a company one. That's some bad advise IMO
Another reason not to go by the mile, 11000 miles and only 25000 gross? on percentage I've never had to run that hard to make that, max 8000 miles and I make the same coin at 80/20 split.
Ronen you need to re-evaluate a little......
we need Nothing to Re-Evaluate here , for less then $4 a mile they can stick the load up their ass .... Trucking in North America is Nothing but a FAILURE
This is an awesome channel!
Great videos!
Like every one of them!
If you ever decide to open a terminal in So Cal…..
……I’ll be right there!
👌👍✌️
Thanks for the support!
That’s crazy I make that as a dry van company driver. Welp I’m definitely not buying a truck now 🤣
Even if the market will recover…a company driver will be ahead.
It doesn’t worth to be an O/O big boss with empty pockets…so many hidden bills that to be paid all the time.
Best to wait for the situation to improve a bit
Great video, thanks
You are definitely welcome!
Great video but, Freightwaves had dry van around 1.90 and 2.20 for flats!?!?
DAT seems to believe it's higher, we evidently disagree
We are going broke 😢
Going?
U mean already are
Does the insurance include bobtail? What about permits, 2290 heavy use tax, E logs? It is even worse.
Good spreadsheet... i would change mileage a month to 10k, which puts you at 2,500 miles per week....leaves room for sick, no load days ..etc...etc.....
Great idea!
Question that I have, keep in mind I haven’t been an o/o since I retired in 2013
But what happened to the fuel surcharges? Rates that you show are similar to then, but we also had a fuel surcharge, sometimes like .56 cents a loaded mile
Surcharges do still exist yes
11.6k a month for a owner operator ? When you take taxes out of that it will net 8k . Why someone for 2k net a week will be an owner operator with all risk it take when easy you can get a driver job getting that with out the risk .
Ufff
Yeah this Industry is so fucked
“Freedom” 😅 but even that is debatable
$2000 lately is only in a good week….if all the deductible are correctly reported….probably a lot less than $1500 ….don’t be surprised to see $49.000 or less on IRS claim….that doesn’t include 16hr work shift…including searching for freight,sitting at dock unpaid,own maintenance and so many many many more that has to be done for free…in those lousy $49.000 per year or less…divide by 16 hr work per day…see how much money are made by a big boss empty pockets O/O …..but some has their equipment paid …so they could run cheap😂😂😂😂😂
Company drivers are thriving above owner operators currently
@@NorthAmerican-Trucking-News
I’m not even concerned about it…company drivers makes in profit probably double or better…..and O/O are working for same profit probably almost twice in time and sacrifice.
2019 was the same story….but the slogan was then as is today that my equipment is paid for it and I can pull free freight until market is recovering 😂😂😂😂😂
I see on your website that you have a lease purchase program for AZ, is that only for people who live in AZ? Also does your company accept Sap drivers
I have almost 7yrs OTR experience, No accidents. I left my last job of 5yrs and during Christmas I made a huge mistake and smoked some pot. I waited until February to look for another job and took a pre employment test and it came back for THC. I'm finding out it's very very difficult to get a job that will suit me and I might have to look into lease purchase
The date on your sheet said May 2023. So, you said rate was $2.35 in 2023. Whats FB rate looking like now in March 2024.
It's just a sample spreadsheet. He used the current rate avg off DAT
@@gregeckhardt5338 ok, thx. But he didn't believe DAT rate $2.45 so he used $2.35 pm.
^^
I agree it's a number game. People jump to the high % but fail to look at the other rates and discounts that can actually make the lower % bring home more. Most of my 24 years it was the 74/26 split I made the most small simple company no extra hidden fees.
Depends on how much gross you make and how much hometime you take.
If you're going home every 2 or 3 weeks it makes sense to do the bigger split because they charge weekly.
If you gross more and stay out 8 weeks it's a no Brainer to pay your own stuff.
If you're grossing 6k a week on average and they're taking 25 percent that's way too much.
That's 6000k a much and trust me it does not cost that much to pay for truck trailer insurance and cargo. That's just too much
THIS! Higher percentage might seem like higher payout, but if the tax deductibles are also high, you might actually lose MORE that way
I have a Verduyn conestoga and luv it!😊
Love to hear it! Welcome to the cool boi club 😎
Load borads do have $1.80 loads + - for longer hauls depending on were their going.
And 250 to 500 miles maybe $1.80 to $2.30 cpm. You may get $2.30 for less than 500 miles of its going to a questionable load area. I hope this clarifies a little.
Can you speak to this.
Thx 4 vids
1.80 per mi for less than 500 miles?
@@NorthAmerican-Trucking-News Again, I'm seeing loads less than 500 to 600 miles at $1.80 to $2.50 cpm. Why? Because a driver only drives 500 miles and this isn't cost effective in that you don't use all your drive time & milage to get to destination. Then you have to sit 10hrs waiting to get unloaded the next day.
Loads over 500 miles
at around $1.30 to $1.80 unless it's to a some kind poor area, ie Washington state & Colorado.
@@NorthAmerican-Trucking-News I believe I said $1.80 - $2.50 per mile. They are pushing a $1.80. I called 1 broker to get carrier package and he says think in terms o$1.80 and you'll also have to bid on the load when you call.
Got friends pulling flatbed and it's cheap just like reefer dry vans always sucked due to mega carriers cutting rates
Mannnnn
Had 4 trucks, and 4 flatbed in 2020-2022....... in summer of 2022 did a market analysis based on the numbers, volume and other analytics and knew it was time to get out... got out in dec 2022..... its a free market and it will self correct... but many more trucks have to get off the road before that can happen..... the shippers are raping the drivers,,, because they can.......
Market analysis is a skill everyone needs to have because too many people can't foresee events like freight rate plummets
I pay $1092 a month to buy my trailer, 655 for cargo just reduced to 520 in march and 103 for liability. Those insurance rates are yikes.
Man... wow
Still from take home ,Uncle Sam wants there part plus preventative maintenance
When you think is bottom , it keeps going lower! I haven’t get anything close to the national average, is always what ever the broker wants to pay you
Who knew rock bottom had a basement right?
Are you all hiring in ga Ronen?
Of course we are! Check out our available positions at etmotorfreight.com/careers/
These figures ARE NOT REALISTIC!!!!! You still have wear and tear, you still have to have maintenance every month, what about tires? Mine doesn’t do very well on the rims. There is a lot more expense to add when you think the figuring is done. I figured everything on my truck down to the mile. I do not make anything until I pass $1.67 per mile. This is why I had to park mine 14 months ago. It’s cheaper to park it than it is run it.
There are several assumptions being made in the video but there are definitely many variables that would arrive that could cause the price to fluctuate even lower than before.
When you talk about national average are you talking to Dollars and 48 cents US dollars or Canadian as I know you're a Canadian company
I hope loads I've mentioned are at the rock bottom your talking about.
I won't take the $1.80 cpm. At this point anyway even though i have an old paid off truck.
If you can find loads that pay better out of the Vegas are maybe we can talk.😮
Before taxes don't forget uncle Sam Biden needs to buy ice cream
C'mon man!
Haha
First load 1600 from Wednesday to Thursday morning next load Friday to Monday morning 5100 first load 600 miles second 1891 miles . That's 1100 a day avg 22000 a month to the truck after the company gets there 24 percent.
Yupppp
I'M VERY CONFUSED you say stay away from % split and you do 25/75 and you also say before that the reason to go with new truck is for better fuel mileage about 8-9 MPG and now you're saying 6 5 MPG, something it doesn't adding up or I'M missing something
Is this channel for truck owners?
This channel is for anyone who enjoys trucking!
Bro I been getting loads paying $ 2-4/mile
Oh?
😵💫 yikes, and the economy is not even in a recession. One would thought with the housing boom and oil high, flatbed would be good.
Haaaaaaa
Are you blind? We are most definitely in a recession? 😅😅😅😂😂
In these times clearing pretty much $3k a week? That's good I'm surprised
Good???
@@NorthAmerican-Trucking-News definitely. Even when times were good so many o/o truckers told me they couldn't clear over $2500 a week so idk
What a bad time to become a truck driver.
Truthfully, but hopefully this is rock bottom and we will only go up from here
So they are about the same. So if I pay cash for my truck I’m making bank! Good to know
You gonna make as much as a company driver with your own equipment and your own headache….searching for freight while a company driver goes to sleep for example…sometimes eats the entire sleeping time…many times lately it’s happening to work easily 20 hours combined in 24 hours cycle….big boss,working a lot harder for the same income as a company driver 😂😂😂😂😂
But many big boss empty pockets here don’t tell the truth.
You seem very optimistic! That's fantastic! Yes, we all need to be optimistic in these times
Those low ball rates really depend where you are.
So I hear! Apparently, some areas experience lower rates? I honestly can't imagine how much lower that could be though
How ET survive ??
We're built different! Maybe... Don't you know a good magician never gives away its secret? (We may or may not be doing a video on the topic soon)
I like most of your videos but why do you keep saying rates are down? Since Jan 1st loads are paying over $3.00 for dry van so at $3.50 for flatbed what do you want?
Need some attention by talking crap?
Where are you located... let's start there
Theres not much money in trkn anymore 😕
Why don't you tell what Canadian drivers making seeing that most of your company is Canadian
Uhh sure?
Maybe we already hit rock bottom, but we are gonna stay here for atleast 2 years
That would be... atrocious...
I get 87%
25% just because you are providing the trailers? I thought my company was bad
Can I ask what you think the 25% is for?
Our company is starting to train migrants to drive trucks. The government is giving grants and tax credits to companies who are hiring migrants
What? Just when I think I've seen it all...
Your numbers are NOT realistic. They are utterly unrealistic, because:
(1) Try instead a lease payment of US$51,733.93/ year for a PACCAR Lease, 4 years or 480K miles, which ever comes first, and then they own the truck and its residual value;
(2) Your 11,000 mile / month calculation might work for national long haul for drivers spending a SMALL % of their time in dense metro areas. (I too have had 13,000 mile months.) More generally, figure 110,000 mile years for someone taking little time off; not 132,000.
(3) Have you had a look at Oregon's $0.25/mile road tax; tallied up by one's ELD;
(4) I am tired of writing.
In the first place, the vast majority of lease owners and owner operators hate PACCAR trucks? Also, the rates will differ if you're running dense areas, it's impossible to make a perfect calculation of what one will make when there are so many variables to consider...
Apologies, Mr. Gilkarov. Didn't mean to be onery. And yes, your analysis is helpful. Thank you for it.
@NorthAmerican-Trucking-News P.S., yesterday I drove on CA-17 down to Felton (near Santa Cruz) with a near limit load of lumber. The cruise control, which I only use to go uphill, disengages below a certain MPH, which it seems is 25. Then, on manual throttle the truck --- with its industry-leading Cummings X-15 --- slowed to less than 20 MPH. All this was after hours of slowed, sometimes stopped, traffic in San Fransisco metro. Is a 25% higher rate per mile in dense urban areas starting to lose some of its glister? (Oh' and a dispatch liason clerk, who all the while can't be pried off his fixation that running loads is as per Google Maps' times!)
11000 miles in 15 days???
I parked mine. Doing local screw this stuff
100% valid
15%))) “realistic numbers” I guess it’s too much
Can I ask what you believe the 15% is for?
Money for peanuts
It’s not worth working
From that $ you need to pay mortgage auto insurance medical insurance if you have kids it’s even worst
All those $ are gone you can save nothing
We should rest taking $ from the government
Wtf have you been the last 6 months? Flatbed has been at rock bottom
Maybe we've discovered rock bottom's basement? Clearly it's still declining
Take your national average and shove it. It's below operating cost and you need to stop dispatching it. Or we're saying that it's today's market rate. Nobody cares if it's below operating cost. And the best thing to happen to this industry will be the DOL law
We aren't responsible for the national average... we're just reporting on what the average is
Man, most of the info that you preach on your channel doesn't really seem to line up with your company. I've called your company a couple of times to find out details and most everything they tell me does not align with what you preach on your channel.
No thanks.
I'm sorry to hear that, please elaborate a bit more on those discrepancies so that we can clarify any confusion!
.
Doesn’t even count 15-20% for maintenance 👨🔧 😮😢😢😢
Goes to show, even on the optimistic end of trucks not being whittled away, it's STILL not enough