@Farmerbob1
I’d really like you to try Landstar so I can read about your experiences there.
I’ve heard they’re not like Crete where they offer you the one load and you have to take it, I hear you get to pick your freight. Plus
Hazmat ain’t that big a deal either, if you accidentally pick a hazmat load and get in an accident then you’ll at least know how far and how fast to run.
Taking the plunge. My journey as an O/O.
Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.
Page 68 of 256
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iledbett, fordconvert, Farmerbob1 and 1 other person Thank this.
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Well, this most recent week was a pleasant change.
Submitted a bit over 3500 paid miles. No maintenance required since hometime, but I noticed today that one of my front brake shoe pads looks like it might be pulling off the shoe. No side cracks, but there is an odd bit of space between the shoe and pad on one side. Will have it looked at tomorrow when I start my 34. I suspect a shoe rivet might have pulled through.
Also, I was a lazy fart last 34 and did not do my half-year recap of numbers. I will do it tomorrow.Rideandrepair and tucker Thank this. -
Farmerbob1 Thanks this.
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Started my 34. Beer and pizza now. Number crunching tomorrow AM.
Rideandrepair, JonJon78, fordconvert and 1 other person Thank this. -
OK,
Current numbers according to the accountants:
These numbers do NOT include June.
Period = 4.5 Months. Mid-January to End-May
Miles: 51,590
Income: 68,825
Variable Expenses: 33,580
Fixed Expenses: 12,320
Income as calculated by tax company: 22,925
In order to compare these wages to company wages, I am going to move health insurance (2142 for all types of personal insurance) into my income side. In addition, their calculations consider cash advances to be variable expenses. I will also move those to personal income. (975)
Income so far this year (AS OF END OF MAY), adjusted to match how a company driver would be paid: 26,042
This is a period of 4.5 out of 12 months, or 9/24th of the year.
If I continue at this pace, I will earn (26,042 / 9) x 24 = $69,445
Now. I can tell you without any doubt that my June numbers, when they are added to the total, will put a BIG dent in that yearly income average. My total maintenance expenses for June were around 6k. And that does not include a replacement phone or the new Battery Backup for my electronics, since they are not part of the truck.JonJon78 Thanks this. -
So, what you're saying is that once you add the big DENT of June into that equation, you're making less than you were as a company driver, or at best spinning your wheels?
By my calculations, you're averaging $1.33 per mile on roughly 11,464 per month.
You're only a couple of more big ticket items away from a sunken ship.
If I were you, I'd activate your exit strategy as soon as you can.
Good luck!spyder7723, Eldiablo, fordconvert and 4 others Thank this. -
Get the June numbers together. May is old news.spyder7723, Eldiablo, fordconvert and 2 others Thank this.
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