Power-Only Loads

See above in red.

We can all paint a rosy picture. But without ALL the details, it's meaningless.

 

You seem to think a $2.47 all miles in average on 31,000 miles in 6 months is no good... that is an awesome average with a fat profit on 60k miles annual.

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I did $2.19 a mile to the truck, on every mile I turned including deadhead, 76k total miles last year. My loaded miles only rate was well over $3 a mile, after the percentage off the top. 23 percent of those 76k miles were deadhead. This year trending same overall miles and deadhead doing $2.34 to the truck. Does that make it clear?

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no, I don't think it's good.

How much net profit is really left after your annual expenses are finally paid. You know. All those pesky FIXED overhead costs. Insurance, Truck payment, Personal draw (salary) base plate, etc.

And then you have to take all those variable costs out of that as well. You know the ones. Fuel and maintenance. (Albeit that will be a lot lower on 60,000 miles than on 120,000 miles.)

 

That's an easy $25,000 profit.... not make believe " after the fuel is covered profit"... ..real profit after expenses, that is an awesome profit for working about 7 or 8 months a year.

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and how much was your personal draw?

$30,000? 35?

Means you earned a total of $55-60,000 gross to yourself. And you still have to pay income taxes all out of that. Albeit, per diems would help. But I don't think you really had that many days away from the house either.


Because I don't think you really lived off of that $25,000 profit.


Call me cynical if you want.

But realizing what that final number and having it figure all the way through, it means more to me than I really think most plan all the way through.

Final number at the end....

What do YOU get to claim.

I was looking at $50,000 as a company driver last year. I better be 60-70% above that as an O/O. That's well above $80,000 that I get to have.

 

On paper logs you spend more nights in the truck than reality although this year there were more nights in the truck than I really cared for. But you gotta go with the freight it always changes. Last year with an engine overhaul I barely broke even.

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You work too hard trying to put up big numbers ASAP. It takes years to build a business. Small, slow and steady. Always charge a premium. Business will grow. Getting three times the calls this year compared to last. Rates up, miles the same.... I'm confident in another year or so if I choose to roll up 100,000+ plus miles at $2.40-$2.50 to the truck, that the business will be there... I'm not forcing the issue though... it will come. In the meantime there is no need to run a lot of cheaper miles .

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there is a reason I went to a reefer.......

 

Cause dry van sucks apparently... Every type of freight has ups and downs, even reefer freight in a frozen tundra.. You're not going to turn 100k+ miles your first year at a premium rate.. you're pissing your time and equipment away pulling any long miles 500-1,000+ at less than $2.50 a mile flat, reefer, or van.... ...that's just how I see it from my own experience and I will take $2.50 a mile on 65k miles, to the truck, over $1.90 on 110k miles any time... ...work less and smart.. don't give your costly services away for nothing... OP should be ashamed of the rates he got on power only... I have seen several power only loads in the past year or so with $4-$5 per mile on 500 miles... and he laughs at guys who stand firm on $3 a mile regular freight????

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