Trying to compile a list of all expenses/year running on own authority with one truck/one dry van. After doing research this is what I have so far in no particular order. Figured at 10,500 miles/month. is this accurate and what am I all missing? Some of the items are rough estimates. Thanks
Ifta: $300
Drug/alcohol: $100
Insurance: $10,000
Permits: $450
Acc/occ: $750
Plates: $1,600
Fuel: $80,000
Maintain/repair: $20,000
Fuel additive: $250
Load boards: $750
Driver pay .35cpm: 44,100
Nastc/ooida: $295
Scales: $1,500
Truck washes: $750
Elog: $400
Tolls: $1,500
Prepass: $168
own authority - expenses/year
Discussion in 'Ask An Owner Operator' started by truckerdo, Apr 20, 2014.
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Driver pay is too low. For $.35, why go O/O?
Kinda high on scales, truck wash (unless you're compulsive, that's a lot of hours sitting in line)
Maintenance - too high, unless you have a critical breakdown: hopefully, not every year.
One thing you forgot - taxes. Big number.
Insurance - run a higher deductible, shrink the number? Includes health? Maybe a little low.
Truck payment/financing?
Bookkeeping?
Communication?
Food, room, clothing, tools & supplies, miscellaneous? Add something noticeable. -
Plates are 2400'for pro rated. 1400 is for intrastate plate.
nofilter Thanks this. -
lets assume his truck/trailer is paid off
Insurance At $10,000 better include occ-acc OR a reasonable health plan
you'll never use that much in scales
I would Go $5,000 in Tolls if you are operating the North central Region or northeast
Everything else seems pretty close ....IRP can be as high as $3,000 But your first year they will estimate miles for you
Put away 25% of your net earnings away every week.....You should get a refund back if you have dependents
Maintenance is KEY here....TAKE CARE OF YOUR TRUCK......Do Not sacrifice ANYTHING when it comes to your truck....If you do, You wont be around long
You dont need 3 loadboards for a 1 truck operation......1 should do, (They all basically have the same freight anyway)
Work on securing your own outbound freightIron-Man, nofilter, platinum and 1 other person Thank this. -
Im at 1300/yr for loadboards
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How are you getting 80000 a year in fuel....and 1500 a year in scales...are you paying yourself .35 cents a mile or a driver? And do you have a trailer or do you rent? And what kind of trailer
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realsupatrucka Thanks this.
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