1. Their labor cost per mile is a tiny fraction and their work safety standards are far different.
2. Iirc (not 100% sure) the cost per mile is lower as well because they are not taking into account property acquisition costs.
3. The actual equipment they use comes from companies either not selling at a profit or at a steep discount.
I still don't have an accurate enough picture here, but it doesn't seem apples to apples at least.
1. Their labor cost per mile is a tiny fraction and their work safety standards are far different.
2. Iirc (not 100% sure) the cost per mile is lower as well because they are not taking into account property acquisition costs.
3. The actual equipment they use comes from companies either not selling at a profit or at a steep discount.
I still don't have an accurate enough picture here, but it doesn't seem apples to apples at least.