My numbers as an O/O leased to Crete

The difference in the $$ per mile is July last year the avg fsc was .17, and this July it was .27.

 

Re: Financial Statements – Via Web

John, following you will find your August 2010 monthly financial statement.
In looking at the August financials, you are showing a Net Profit of $53,628 for
the year-to-date period. This comes out to $0.569 cents per mile and is based
on 94,191 paid miles. You are averaging 11,774 paid miles per month this year
compared with 11,141 monthly miles you averaged last year. You were out on
the road 212 days through the end of August 2010 (87% in service) and
averaged 444 miles for each day you were out.

Your maintenance expense for the first eight months of 2010 was $6,762 or
$0.072 cpm and your tractor supplies expense was $429 or $0.005 cpm. Your
maintenance expense includes tire costs of $281 from the National Account in
the month of August. 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 continues to be a very good net
fuel cost.

We recorded your purchase of a laptop computer in August as a fixed asset. We
also fully depreciated this asset under Section 179 of the Internal Revenue Code.
The depreciation expense of $777 is included in the "Other Costs" line on your
financial statement. We will review this transaction when your 2010 income tax
return is prepared to ensure we have treated it in the most advantageous manner
for income tax purposes.

Everything else is pretty much in line based on the miles driven.

Let us know if you have any questions, or if there is anything else we can do for
you. Thank you for your business!​

Mark Swanson, CPA

I took a week off this month and had only 9,952 miles for the month at an average of $1.28 cpm and an annual avg of $1.274 cpm.

 

It is an '07 now with 620k miles. I will probably keep it till the 1 million mile mark. Not sure what I will buy then. Keeping the options open at this point.

I've heard good and bad about the PROSTARS, just like I hear good and bad about the CASCADIAS, and most any other truck driven by a company driver. Ever seen a truck after 100k miles driven by a company driver? Compare that to the same truck driven by an O/O 1 million miles. The O/O truck will be in better shape 90% of the time.

My point, I take the reviews I hear from a company drive with a huge grain of salt.

 

Personal expense while on the road would be the same as if I were a company driver. FYI..any PERSONAL EXPENSE you can deduct as an O/O you can deduct as a company driver.

I've done nothing about an APU. Can't justify the cost since my idle time is 19.1%. I crunched the the numbers just three days ago. If I would have had an APU installed from the begining, at a cost of $7,500 (this was the price Crete was getting at that time, they are now $8,500), I still would not have paid for it. I figured with an APU my idle time would around 2%, a reduction of 17%. The money saved on fuel idled away would be $6,500 +/-. So, for now, I will continue status quo.