FUEL LAYOUT?
Posted Sun, Nov 18 2012 07:11 PM CST
CHRIS ROSS
ROCKING R RANCH
PERRY, OK
Posts: 5 		I need help figureing out how to cover all the fuel if these brokers only pay you in two weeks? I can go thru 1700 a week in fuel easy so by the end of two weeks I cant even move the truck, Im so broke? What does every other O/O do? REPLY REPLY WITH QUOTE
Posted Mon, Nov 19 2012 04:41 PM CST
MATT MAST
EMERY L BEACHY
BELVIDERE, TN
Posts: 2 		find you a capital company. i work thru Eagle Capitol, in Tupalo Ms. they'll check nthe credit of the brokers you run thru and same as buy the load from you the day you send your paperwork in. if you want to kno more bout em give me a call at 931-308-9091 REPLY REPLY WITH QUOTE
Posted Mon, Nov 19 2012 06:03 PM CST
JEFF DIRKS
JEFF DIRKS
MANDERSON, WY
Posts: 1 		I went to the bank and got a line of credit. It was either that or get a monthly fuel card, and that takes cash to. Your not alone, fuel is a big issue.
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Posted Tue, Nov 20 2012 09:32 AM CST
DUSTY HART
HART LIVESTOCK LLC
LUSK, WY
307-680-3874
Posts: 3
  • Run your truck as a driver not a owner. Charging your fuel is not the answer, its a short fix. Break it down like this.
  • Truck and Trailer 25% (if you lease a trailer only hold 15%)
  • Try to pay yourself only 20%
  • Fuel 40%
  • That leaves a profit of 15%
  • I have three checking accounts 1-For fuel 40% 2-For truck and trailer 25% 3-For the balance
If you hold 40% of gross for fuel and put it in an account you will always always have fuel!!!
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Posted Tue, Nov 20 2012 04:52 PM CST
CHARLIE VENEZIA
HOLLY HILL TRANSPORT, INC.
BARNSTABLE, MA
Posts: 9 		REPLY REPLY WITH QUOTE
Posted Wed, Nov 21 2012 12:18 PM CST
CHARLIE VENEZIA
HOLLY HILL TRANSPORT, INC.
BARNSTABLE, MA
Posts: 9 		Sorry this didn't work the first time around...

Fuel layout is an unfortunate part of doing business. It's an investment you make in your business that you really don't ever get back directly until you close up shop. The plus side is, if you can save up two weeks fuel expenditure to pay for your fuel layout you'll get work other companies pass up. Extending customers "terms" on their freight bills is just the nature of doing business. I understand people who insist on standing by COD, but I also know it's just not the way business works. When you've been around long enough and have a good reputation and good credit, your vendors like tire shop, truck dealer, etc. should be happy to give you 30-60 day terms, so your customers asking for two weeks aren't out of line. As long as the rate isn't cheap to begin with and they uphold their end of the deal and pay.

A line of credit from a local bank or credit union is a great idea and they're usually pretty cheap interest-wise. Stay away from the 2nd party capital companies charging 7-15%. That's way too high. Use it until you can save up enough to be your own line of credit. Good luck and Happy Thanksgiving. 		REPLY REPLY WITH QUOTE
Posted Thu, Nov 22 2012 12:45 AM CST
JARED ERNST
ERNST TRUCKING
SAINT ANTHONY, ND
Posts: 14 		I guess I would take the guys advise about paying yourself and keeping some for fuel and some for the truck. Everyone runs short of cash at times. How do you only go through 1700 a week in fuel..???. I run that through my truck in two days.. REPLY REPLY WITH QUOTE