My numbers as an O/O leased to Crete

My engine is equipt with the ICON idle system (samething as Detroit's OPTI IDLE). As long as the outside temp is above freezing I use heavy blankets and night clothes to stay warm. Once it gores below that point I set the ICON. Also, once the temp drops below 26 degrees it is recommended the truck idle due to the higher freeze point of the ULSD fuel. So an Espar would not be cost effective.

Engine has been in test mode for awhile.

Thanks for the recommendations just the same.

 

All money passes through my hands. CPA only sees the numbers on paper.

 

While a company driver I kept track of income vs. expenses using my own method. However, any worksheet that will help you do this will be good. Really it boils down to Economics 101. NEVER SPEND MORE THAN YOU MAKE, and save some for a rainy day.

 

John, following you will find your September 2010 monthly financial statement.
In looking at the September financials, you are showing a Net Profit of $60,593
for the year-to-date period. This comes out to $0.562 cents per mile and is
based on 107,812 paid miles. You are averaging 11,979 paid miles per month
this year compared with 11,141 monthly miles you averaged last year. You were
out on the road 241 days through the end of September 2010 (88% in service)
and averaged 447 miles for each day you were out.

Your maintenance expense for the first nine months of 2010 was $9,368 or
$0.087 cpm and your tractor supplies expense was $476 or $0.004 cpm.
Together your variable tractor expenses are reasonable but on the high side of
expectations.

Fuel costs averaged $0.411 cpm less fuel surcharge reimbursements of $0.271.​

This results in a net fuel cost of $0.140 which is still a very good net fuel cost.

Maintainance cost were up this month due to replacing termostat, a broken exhaust bolt (which requiers all bolts to be removed and replaced), replaced starter, and replace muffler and flex pipe. These types of maintainance issues are to be expected now that the truck has over 620k miles. That's why I save $$$ in a maintainance account.

I averaged $1.272 pm for the month, and the annual average is the same.

 

You are welcome. Keep in mind that my ability to share numbers is based on being leased to a carrier that pays by the mile. If I were an independent I would not be as inclined to share my numbers as it could give away proprietary info as to how I run my business. This is a VERY competetive industry, and any business practice as to how I generate income via rates, and what my expeses are could help my competition for freight.

Pet Peeve: We truck drivers need to stick together.

Well, that may be true in a human sence, but not in business. Could we agree as a loose cohalition not to haul cheap freight? Sure! But what is cheap for you may not be cheap for me. If the load doesn't pay me what I need to make a profit, then I would move on.

 

Clairification, I'm not in a lease purchase. Crete deos not offer such a program. A person can buy a truck through them using an affiliated bank to originate the loan. Or a person can use outside financing and still purchase the truck through Crete at a greatly discounted price. Yes said person must lease their truck on at Crete, Shaffer, or Hunt flatbed. But my contract had no time frame as to how long it must be leased to one of the afore mentioned companies. However, if one uses the affiliated bank for purchase, the truck must remain leased to one of the companies untill that note is paid off. Then you are free to leave.

As to why I don't want to do flat bed. I have a torn right bicept that has never been reattached. I'm not sure I want to take the pay cut while I learn the ropes of flat bedding, don't want to tarp in inclimant weather, and I'm not sure I want to subject myself to the risk of injury while securing or tarping a load. If I was to do flat bed work it would be with a step deck that had ramps.