$40K and I'm gonna do what they say can't be done

Discussion in 'Ask An Owner Operator' started by OneDollar95, May 5, 2008.

  1. OneDollar95

    OneDollar95 Light Load Member

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    Apr 16, 2008
    Toronto, ON
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    whoa, really? My numbers just don't show any room for anymore than 0.19 if I take $0.40/mile for myself (unless my tolls and/or maintenance cushion is too high).

    actually, i'll lay my cards on the table below. maybe i'll get better input from fellow entrepreneurs on these numbers... as you can see, there's income over the years for me personally, but as a company that wants growth i have 100% chance of being in loss if pay stays # $1.55/mile and diesel stays between 4.25-5.00 per Gallon...

    Chances for growth - 0%

    note: I costed the truck at $20,000 at cpm considering I will sell it in June 2012 for $25,000
    [​IMG]
     
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  3. Brickman

    Brickman Trucker Forum STAFF Staff Member

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    Sep 17, 2006
    WY
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    I can promise you that brokers DO NOT care what your numbers show.

    There are stories of where the broker takes more for a load than what the truck makes. I can even tell one myself.

    I don't think you understand how bad these brokers really are.
     
  4. OneDollar95

    OneDollar95 Light Load Member

    64
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    Apr 16, 2008
    Toronto, ON
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    Then, there's really no way I can make $0.40 a mile and still at least break even.

    It looks like O/O's must be making roughly what company drivers are making without the benefits, but they have freedom and ownership comfort. Is that right? Or are freight rates going to climb too with diesel?

    btw brickman, what are owner/operator specs on a truck?
     
  5. MedicineMan

    MedicineMan Road Train Member

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    Woodville, TX
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    often they make less then company drivers. You'll find most owner opps are in it so as to not be chained to a crappy trucking company, not for money
     
  6. rocknsand

    rocknsand Medium Load Member

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    Dec 28, 2007
    Tonganoxie, KS
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    It looks like O/O's must be making roughly what company drivers are making without the benefits, but they have freedom and ownership comfort. Is that right? Or are freight rates going to climb too with diesel?

    No benefits and freedom and ownership comfort at the same pay as a company driver???? Seem like a huge pain and risk for the same money. The risk of O/O should have the potential for higher rewards.
    I would think the better plan would be to sign on as a company driver and "drive it like you own it" and keep a log and records of all revenue and expenses. This would give you the experience at somebody else's expense.
     
  7. MedicineMan

    MedicineMan Road Train Member

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    Jan 13, 2007
    Woodville, TX
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    whatever trips your trigger bud. Apparently you have no experience dealing with these trucking companies. I'd take less money and some self respect any day over a little more money and being treated like a dirtbag, because really that is what they do.

    You have to look at it another way. If you pay yourself $.30cpm and own the business you will live better then a co driver making $.40, much of the things you buy in your life now become business expenses once you own a company.

    I think you need to learn a few things about the industry before you jump on in. They will eat you alive if they even sense you don't know what you are doing.

    Freight rates havn't gone up much in the 13 years I've been driving. I hauled for $.90 to $1.10 pm back in the mid ninties when diesel was $.82 a gallon
     
  8. OneDollar95

    OneDollar95 Light Load Member

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    Apr 16, 2008
    Toronto, ON
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    Yeah, I remember it always being between 95 cents to a dollar for unleaded in dallas, and in the spring of 96, i drove to atlanta from dallas to see a friend, and it was 82 cents a gallon there. heck i remember smokes being $1.88 for a pack!! i filled up a rental s10 blazer for $18. i didn't have to gas up again till birmingham...and back then, i had no money, so those $18 drags from one point to another seemed a big deal too:p
     
  9. cluck-cluck

    cluck-cluck Light Load Member

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    Apr 8, 2008
    walnut ridge, ar.
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    Am leased to a company and from last friday morning till drop thursday I will have pulled 4 loads. 2 were short ones 162 paid miles at 2.54 a mile drop and hook then went 86 miles at 4.31 a mile. Deadheaded back the 86 miles(was 98 actual) and hooked to one going 769 miles at 1.76. Loaded it friday night dlvd. Monday. Deadhead 74 miles and loaded monday night to deliver wednesday night going 1165 miles at 1.73 a mile.


    Those rates are to me, including fsc. There are decent places to lease to but they are hard to find. Not saying these are great rates and I was making about .50 to .75 more a mile than this back in the mid to late 90s but things have changed in what I use to do so am trying to make it on this.
     
  10. Eskimo6804

    Eskimo6804 Heavy Load Member

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    Jun 13, 2007
    Northeast Alabama
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    There IS the potential for MUCH higher rewards. If you think you are going to lease to a company and be their lackey, or get your own authority and try to compete for with the likes of JB and Swift, then your gonna fall flat on your face.

    If you find a niche, develop solid business relationships, and operate your business wisely and efficiently, then there are fortunes to be made (and lost.lol) in today's trucking industry.
     
  11. OneDollar95

    OneDollar95 Light Load Member

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    Apr 16, 2008
    Toronto, ON
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    I will try my best to keep my dreams and capabilities in a balance. I just have no clue what my niche will be yet. If I just do a dry van, it's one thing...reefer, a whole different type of door I'll be knocking on, and flatbed means industrial and not wholesale retail. I've got a week till my adjusted insurance rate will come back since I did a pro course. Then, I'm ready to take the plunge.

    I really like that load board idea. It might keep me busy on unbooked days as I build clients:)
     
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