My numbers as an O/O leased to Crete

John, following you will find your May 2010 monthly financial statement.
In looking at the May financials, you are showing a Net Profit of $35,468 for the
year-to-date period. This comes out to $0.581 cents per mile and is based on
61,079 paid miles. Improved productivity and decreased depreciation expense
along with continued low fuel costs have contributed to your profitable start to
2010!

You are averaging 12,216 paid miles per month this year compared with 11,141
monthly miles you averaged last year. You were out on the road 138 days
through the end of May 2010 (91% in service) and averaged 443 miles for each
day you were out.

Your maintenance expense for the first five months of 2010 was $4,625 or
$0.076 cpm and your tractor supplies expense was $191 or $0.003 cpm.
Together your variable tractor expenses are right in line with expectations.
Fuel costs averaged $0.419 cpm less fuel surcharge reimbursements of $0.267.
This results in a net fuel cost of $0.152 which continues to be an excellent net​

fuel cost.

I averaged $1.28 cpm this month and had 0.688 cpm net income. Subtract from that another 0.15 cpm to cover maintainance/tires/taxes (escrow accounts), leaving 0.538 as a TRUE NET INCOME. I was out 28 days in May averaging 411 miles per day I was out for ab monthly total miles of 11,501 and the average length of haul was 677 miles.

 

John, following you will find your June 2010 monthly financial statement.
In looking at the June financials, you are showing a Net Profit of $42,346 for the
year-to-date period. This comes out to $0.585 cents per mile and is based on
72,415 paid miles. As we mentioned previously, your improved productivity and
decreased depreciation expense have contributed to a $15,866 increase in your
Net Profit in 2010 compared to the first six months of 2009!

You are averaging 12,069 paid miles per month this year compared with 11,141
monthly miles you averaged last year. You were out on the road 158 days
through the end of June 2010 (87% in service) and averaged 458 miles for each
day you were out. You were out on the road 160 days during the first six months
of 2009 and you averaged 402 paid miles per day.

Your maintenance expense for the first six months of 2010 was $5,085 or $0.070
cpm and your tractor supplies expense was $312 or $0.004 cpm. Together your
variable tractor expenses remain right in line with expectations. Fuel costs
averaged $0.416 cpm less fuel surcharge reimbursements of $0.269. This
results in a net fuel cost of $0.147 which continues to be very good. Your tractor​

expense and net fuel costs are consistent with a year ago.

I averaged $1.246 cpm on 11,336 miles. Not bad miles considering I took off 11 days for vacation to the great state of Arizona.

 

Here is the link to my CPA........... http://www.markswansoncpa.com/

 

It is not neccessary for us Crete O/Os to find freight. That being said, you are correct they don't allow it anyways. Best of luck!

 

Re: Financial Statements – Via Web
John, following you will find your July 2010 monthly financial statement
.
In looking at the July financials, you are showing a Net Profit of $48,709 for the
year-to-date period. This comes out to $0.578 cents per mile and is based on
84,239 paid miles. You are averaging 12,034 paid miles per month this year
compared with 11,141 monthly miles you averaged last year. You were out on
the road 187 days through the end of July 2010 (88% in service) and averaged
450 miles for each day you were out.

Your maintenance expense for the first seven months of 2010 was $5,861 or
$0.070 cpm and your tractor supplies expense was $347 or $0.004 cpm.
Together your variable tractor expenses remain right in line with expectations.

Fuel costs averaged $0.412 cpm less fuel surcharge reimbursements of $0.270.
This results in a net fuel cost of $0.142 which is still very good.

Federal Highway Use Tax deductions totaling $550 were taken in July. These
costs are included on the “License, Permits, FHUT” line of your financial​

statement.

I averaged $1.236 for the month, and am averaging $1.273 for the year.