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Female Financial Analyst turned O/O?

Discussion in 'Ask An Owner Operator' started by kris20, Mar 22, 2019.

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  1. Mar 23, 2019 #71
    kris20

    kris20 Light Load Member

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    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #71
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  3. Mar 23, 2019 #72
    exhausted379

    exhausted379 Road Train Member

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    exhausted379, Mar 23, 2019
    exhausted379, Mar 23, 2019
    #72
    peterbilt_2005 Thanks this.
  4. Mar 23, 2019 #73
    kris20

    kris20 Light Load Member

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    Let me try
     
    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #73
  5. Mar 23, 2019 #74
    kris20

    kris20 Light Load Member

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    Why not?
    Why not
     
    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #74
  7. Mar 23, 2019 #75
    kris20

    kris20 Light Load Member

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    I’m at Penske just scoping things out. They have a Cascadia Freightliner available. 2013 200k miles $51,000??! Truck was used to haul broadcasting equipment for Roger Penske. Rep claims it’s the best that can be bought on the east coast. Sounds really sketch to me.
     
    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #75
  8. Mar 23, 2019 #76
    Ridgeline

    Ridgeline Road Train Member

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    I was going to explain in detail of what I see as major mistakes with your assumptions, but honestly imam getting tired of doing that.

    I buy distressed fleets from owners and banks because of owners mismanagement and "bad luck". I see a lot more reasons of failure than most here will ever on what causes these failures and why. This is my business, the trucking part and the money that is made off of it keeps me doing what I enjoy. I know what I am doing from years of working with other industries (primarily health care) doing pretty much the same thing either with IT or finances and this is not easy work.

    I came to the conclusion a while back that people do not want to learn a thing about how to do this right, they all see money and act like their past business experience counts. They have their mind made up before even ask the first question which is what you've done. This happens a lot with owners who I interview when I buy a fleet, they still don't get it, they crapped all over the drivers, ran a cheap operation to keep it afloat or they purchased without thinking and think it is just someone who did this to them, they want me to say "yep you are right" but get pissed off when I tell them their mistakes and the same goes here.
     
    Ridgeline, Mar 23, 2019
    Ridgeline, Mar 23, 2019
    #76
    peterbilt_2005 and Humblepie Thank this.
  9. Mar 23, 2019 #77
    25(2)+2

    25(2)+2 Trucker Forum STAFF Staff Member

    18,750
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    the road less travelled
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    What year is it and how is it equipped?

    Penske, Ryder, and other companies leased out and rented out trucks, many of them from 10 years ago could have been 60 series Detroits, or ISX Cummins, the first DD 15s were also not equipped with the required emissions equipment to go to California today. (not CARB compliant).

    Also, the newer Cascadias are better, reliability wide, than the first ones that used DEF, 2011 and 2012, I would avoid with either DD15, DD13, or the ISX.

    2014s were better, especially the DD engines, and newer is supposed to be better yet.
    My company runs national lease trucks, best thing there is if it breaks down, you get another truck from the nearest affiliate to run while repairs are made, but that logistics thing crops up because you have to get the truck back when it's repaired and return the 'loaner' to where you got it. Regularly in an area, not much trouble, but hardly ever there, big problem.
    ELD is another complication, nothing is as portable as a looseleaf logbook and a pen.
     
    25(2)+2, Mar 23, 2019
    25(2)+2, Mar 23, 2019
    #77
  10. Mar 23, 2019 #78
    Humblepie

    Humblepie Pontificator

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    75% of that is 4500 to 5200 to the truck. 1500 a week in fuel + 1500 in driver salary =$3000. 350 in truck payments 250 in maintenance 250 in tags,ifta, 2290 and other little taxes. =$850. 10%gross for income tax= 450. Adds up to $4250. $4550-$4250=$200. Not even 5%. And that’s assuming they have not fluffed the numbers and
     
    Humblepie, Mar 23, 2019
    Humblepie, Mar 23, 2019
    #78
  11. Mar 23, 2019 #79
    kris20

    kris20 Light Load Member

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    So my question is how are some making it and others not?
     
    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #79
  12. Mar 23, 2019 #80
    kris20

    kris20 Light Load Member

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    Mar 22, 2019
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    Why would one have monthly maintenance? I understand routine but is that really monthly. I guess the best thing to do is find someone that is actually successful at this.
     
    kris20, Mar 23, 2019
    kris20, Mar 23, 2019
    #80
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