Lowering Running costs

Paying the truck off would cut down significantly on your expenses. I would pay that off as fast as you can. Is that 15500 profit available to spend on paying down the loan? Would you still have funds available for daily expenses if you did that?

 

That's about all you can do. Hopefully the repair bills will not be as high this year and you can get that rig paid off sooner. Stick with it. There is light at the end of the tunnel. 15 more months and you have a title and 1200 more bucks a month in your pocket

 

I don't understand it myself either. Everything your paying is on par. Your insurance is higher than I pay but I still think it's a decent price (could be alot higher.) I pay alot more for truck washing but I get it washed every week. I do all my accounting myself so if your numerically inclined you could save money doing that yourself at the cost of a few hours a week.

The only thing I can say is those running for .80 to 1.30 and saying they are making a profit are either not making a profit or making a very small one.

 

Geeze home every night I'm jealous. Haha. I flatbed but have dedicated customers that have not dropped the rates on me. So I'm still over the road.
I think your smart for staying local and your burning less fuel. Rates should come back. But man its tough out there right now. I parked the truck for 2 days last week because my regular was shut down for inventory. The rates on the board were incredibly low so I just waited for my regular to open back up.

The people who run these dollar a mile rates are shortcutting themselves and will soon be parking their trucks for
good. Hang in there you got this.

 

Dump the LLC thing because it has no advantages for you. Really it doesn't.

$200 for accounting services a month?

I would cut that too, because I run a fleet and my costs comes to $650 a year.

$155 for phone service?

you can cut that to $50.

Try to renegotiate the lawyer thing per year, not per month.

$25 for a wash?
I spend something like ... let me look ... $130 per truck per month average.

 

Your insurance cost are insane. $50 for bobtail? $200 a week for a used truck. Brand new '16 truck I pay $425 a month for comp. and why weekly payments? If your buying it should be monthly. Also do you really only wash your truck every 2 months? I assume you don't have a trailer.

Looks like your miles are fairly low. About what I ran last year but I took a lot more time off. That alone will change your cost. Your fuel cost a very high (I avg under $2 a gal last year running a lot of west coast) but that seems to be a lack of fuel discount from your co.

Take one item at a time and find a way to make it cheaper. I would start with insurance or fuel. Both those seem real high.

 

Good points. My acct is $80 a month and even files quarterly and yearly for me.

And an LLC will not help a 1 truck outfit.