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Old 09-20-2011, 09:29 AM   #1
hawkusmc
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Default "Hot Shot" Business/Cost per Mile?....Need Advice.

I officially retired, again, on June 22nd.
My wife bought me a '08 F-150 King Ranch Crew Cab 4x4 5.4L from a friend.
It has 34k miles on it. It's my birthday/retirement present.
My friends in the oil business said I would be back as I will soon get bored with being "Mr. Mom."
I must admit that I am getting the "itchy-scratchies" and would like to do a little something with all the time I now have on my hands.
I have been asked many times to run here and there for parts for pumping units and salt water pumps. They want to pay me but I don't know how much to charge.
My research has turned up $.67 to $.97 per mile. Big difference there.
Once again, I turn to the GS Brain Trust. Any ideas, hints, secrets?
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Old 09-20-2011, 09:43 AM   #2
Matt_C
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.97 cents per mile will cover your wear and tear, gas and time. Seems reasonable to me. Now you could also say, I'll charge 10% of what the device or pump or whatever costs.
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Old 09-20-2011, 10:12 AM   #3
hawkusmc
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Thanks CB.
The company I retired from are oil producers and they pay their sub-contract pumpers $1.25/mile to use their personal vehicles. Driving on location from lease to lease can be a lot of wear and tear on a vehicle as many times you have to be in 4WD. Most of my work will be over-the-road I'm hoping.
I'm also thinking that $.97 will be portal-to-portal (door-to-door).
I don't need to make a ton o' money. What's a retired ol' geezer need? Beer, bullets and bait, so I don't think UPS will be in danger.
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Old 09-20-2011, 10:19 AM   #4
Fulldraw
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Keep in mind that $.97/mile you are seeing is a rate charged by hotshot drivers pulling a flatbed gooseneck loaded and deadhead. Most would charge less per mile if they aren't hauling around a trailer (which has to be DOT inspected by the way, not a cheap expense).

I had a small hotshot company for 2 years but it was 20 years ago. I had a 24' and a 32' trailer setup being towed by a crew cab Dodge dually with custom turbo on a diesel motor. I ran 120,000 miles a year, had a driver who could go days without sleep. He wanted miles. LOL
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Old 09-20-2011, 10:23 AM   #5
Oneway
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You keep getting that itch and you can't help your self call me, I have loads of trailers that have to be delivered........................always
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Old 09-20-2011, 10:44 AM   #6
Ironman
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Not sure about hotshot, but I have slot of equipment moved, sometimes great distances, and it runs around $2.00 a LOADED mile.
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Old 09-20-2011, 10:53 AM   #7
hawkusmc
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Quote:
Originally Posted by Fulldraw View Post
Keep in mind that $.97/mile you are seeing is a rate charged by hotshot drivers pulling a flatbed gooseneck loaded and deadhead. Most would charge less per mile if they aren't hauling around a trailer (which has to be DOT inspected by the way, not a cheap expense).

I had a small hotshot company for 2 years but it was 20 years ago. I had a 24' and a 32' trailer setup being towed by a crew cab Dodge dually with custom turbo on a diesel motor. I ran 120,000 miles a year, had a driver who could go days without sleep. He wanted miles. LOL
Sounds a little too ambitious for this ol' feller.
My "gentleman's truck" which seems to be mostly luxury car has a bumper pull towing package only. Still have my CDL though!
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Old 09-20-2011, 11:02 AM   #8
Atfulldraw
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you're worth whatever they will pay you.

charge 'em $2.00 a mile until they stop paying -- your price is whatever you set it at.

if you drive a part 200 miles one way and two hundred miles back home, it's gonna take you all day. Plus $150 in fuel.

that will buy a little beer, bullets and bait, but not a new truck when the time comes.....
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Old 09-20-2011, 11:13 AM   #9
hawkusmc
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Quote:
Originally Posted by Atfulldraw View Post
you're worth whatever they will pay you.

charge 'em $2.00 a mile until they stop paying -- your price is whatever you set it at.

if you drive a part 200 miles one way and two hundred miles back home, it's gonna take you all day. Plus $150 in fuel.

that will buy a little beer, bullets and bait, but not a new truck when the time comes.....
Dang son. I'm worth $1,000 a mile......collectin' might be tough.
At my my age, I fear this may be my last truck! Jest kiddin'.....
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Old 09-20-2011, 11:19 AM   #10
Atfulldraw
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hang in there and Happy Birthday!
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Old 09-20-2011, 11:23 AM   #11
hawkusmc
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Thank you young man.
I don't care what the rest of the bunch here on the Green Screen says about you!
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Old 09-20-2011, 11:25 AM   #12
flatlander
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Big demand for this right now. We can't find empty trucks down here in Corpus Christi right now, I'd say $2.00 a mile is about right. At least $1.50 per mile, for sure wouldn't go any lower than that for off road deliveries.
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Old 09-20-2011, 01:26 PM   #13
Jven
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Flatlander what are you looking for I need to find something to do on off days.
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Old 09-20-2011, 02:09 PM   #14
Atfulldraw
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Quote:
Originally Posted by hawkusmc View Post
Thank you young man.
I don't care what the rest of the bunch here on the Green Screen says about you!


that makes two of us......
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Old 09-20-2011, 02:53 PM   #15
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Mileage rates vary with where you are, load weight, existing fuel rates, distance, etc. Where will you be driving? I can supply you with the average rate per mile for the past 90 days.
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Old 08-05-2014, 08:37 AM   #16
hef187
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FYI... We charge our customers in the Houston/Beaumont area around $1.85 per mile and still seem to be under the larger hot shot services around us.
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Old 08-05-2014, 09:11 AM   #17
gatt40
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$150.00 - 2.00 is about right per mile. Just hope you do it right by getting insured and DOT registered.
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Old 08-05-2014, 09:24 AM   #18
DarrellS
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I had an 800 amp disconnect hot shot last week from Athens to Waco and cost me $300. About $3 a loaded mile.
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Old 08-05-2014, 10:20 AM   #19
kfd82
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The irs mileage rate is at 56 cents per mile. Thats what you can claim when using your vehicle for work.

If I was doing hot shot stuff, I'd double that.
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Old 08-05-2014, 10:41 AM   #20
twistedmidnite
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I charge 2.25 to 3.00 a mile, trailer or no trailer. Trust me, any lower and you'll go broke
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