I've thought a lot about what it would take to get me to re-enter the owner-operator pool.
The defects in the game seem to be 1) all wasted time is at the owner-operator's (o/o's) expense 2) all required labor for the load is at the o/o's expense 3) business slowdown (loss of opportunity) is at o/o's expense and while the carrier brags about the per-mile rate, it only applies to LOADED miles... all the empty mile are completely at o/o expense. It seems that carriers add owner/operators when there isn't quite enough work to economically justify the expense of adding a company truck, or the rate is too cheap for a company truck to run it. In other words, most companies would rather take a raked-off percentage of a losing piece of business than lose money with their own truck.
I would however, consider buying and adding a new truck to a fleet as an owner/operator under the following conditions:
In exchange for a weekly to-the-truck salary of $5310 plus all tags, permits and tolls, I will provide 70 hours of on-duty trucking services ( up to 3500 miles) as directed by dispatch. This will include all waiting time and loading time and will include handstack loading, if that is how your company chooses to spend it's money on this lease. The only other monetary requirement will be $340 per-diem when I reach 70 hours and I'm not at home (34 hours restart x $10). The breakdown on the $5310 salary is as follows:
$59 an hour ( equals 50 miles of straight driving making the base mileage rate $1.18 per mile) for the first 40 hours
$88.50 an hour for the next twenty hours (time and a half)
$118 an hour for the final ten hours (doubletime!)
I'd require a five year, binding contract, and would pro-rate discount any hours that I was unavailable
If there are any trucking companies out there willing to offer such a contract, I'm willing to put up a new truck to fulfill it!