I seen some companies paying 88% to the owner operators

Sorry you assumed that it was per month. These numbers are weekly. 1800 miles, multiply that by 1.59 (.96 cents is the cost per mile if you read it correctly) would give you $2862 per week x 4 = $11,448/ month. That’s at 4 days per week, 11 months out of the year. Definitely worth it.

 

Never assumed it was per month. Used your numbers for a whole year running 1800@2.55 every week. Who cares what your fuel, ect costs are. Those costs are the same (according to you) whether leased or on your own. The only cost is your number of 16500/year for insurance vs no cost for insurance.

 

I care what my costs are, and so does every other business person. That would be like me not caring about fuel, common space electric, or water for the rental units. Cost per mile is cost per mile and every penny counts. Leased on insurance is lower (varies, figure 5-6 grand or greater) however, the cost of operations differs when they take away the 22% which would be .561 cents per mile. Not sure what you’re not getting.

 

First you said 88%
Your gross totals for 52 weeks 238680
Your percentage @ 88% is 210038
Company made 28642 or on your own your extra money
Insurance cost 16500(your number) vs no cost leased leaves 12142
12142/12 months is 1011/month extra
So for 1011/month more you cover all additional costs.
And that is running 52 weeks a year. Every week off makes that lower.

Put in new batteries or quit using common core/trucker math. LOL

 

100 x .88 =12%, not 22%

 

You’re the one not getting it at all. It’s simple math. First you tried to be cute and assume that 1,800 miles was for a whole month.

You missed this "Lease on using these numbers is approximately .80 cents per mile due to the lower insurance rate." Could you not figure out what the lower insurance rate is when leasing on and that .80 cents is cost per mile??

You also missed this "Deduct the 22% from the line haul and that is .561 cents per mile. Add that to your CPM (cost per mile) and you wind up with 1.361 per mile leased on compared to .96 cents per mile under your own authority."

Then you missed this "2.55 - .96 cents per mile = 1.59 net per mile own Authority"

Then you missed this "2.55 - 1.361 = 1.189 net per mile leased on to a company"

So what is 100% - 22%. That's right, you guessed it 77% of the line haul

You also missed this important part "Even at 12% of the line haul deducted (88%) you're looking at .306 cents per mile leaving you at a cost of 1.106 per mile all said and done" What is 100% minus 12%, you guessed it, 88%.

You have horrible reading comprehension skills, make stupid assumptions of 1800 miles per month and then claim others are using common core/trucker math.

Everyone else got it but you.

This might help you:

 

No where did i use 1800 miles a month. Show me where i did. I used 1800 week for 52 weeks @ your 2.55 and leased @ 88%

Keep using your trucker math, that way the numbers will always come out the way you want.

So what is 100% - 22%. That's right, you guessed it 77% of the line haul Great example of your trucker math. LOL

But seriously, use what ever math makes you feel good.

 

*User experience may vary.

I run for the same company that slow.rider runs for. I am happy. Many factors.

Another factor; I fueled up in New Mexico last week. Pump price was $3.25 a gallon. Company discount was .98 a gallon. That tickles my nethers.

I’m happy. Just find a place that make you happy money.

 

I am still working on that one! How?

 

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