Cost of operation "real numbers"

Sure my email is username at Gmail

 

You pay yourself .25cpm on purpose or am I missing something here.

 

Over the past year from 3/8/2021 to 3/8/2022. Driven miles is 117,000. Loaded-paid miles is 107,000. I'm my own authority, no lease, strictly DAT Board.
Gross Earnings- 335K
Gross Expenses- 114K (Insurance 18K, Maintenance 18K, Taxes-Easy Passes-Miscel..8K, Fuel-45K, Saving 24K per year for the next truck in 4 yrs)
Taxes- 30K (this is Federal and State total to pay after all deductions, 30K due on my 70K salary for S-Corp/LLC purposes
Total Cost to Do Business- 144K
Net Earnings-in my pocket- 181K (My wage for Tax Purposes-70 K and whatever else is left over from above which is 111K

Why 181K in my pocket. I run OTR all 50 states on the DAT Board. I stay more than 50% of the time in the midwestern plains and mountain west and the west coast for pickup. My routine, I start in Atlanta and make my way to the West coast for no less than 3 bucks per mile. Once in the West Coast, I look for the big load all the way back to the Northeast for well over 3 bucks per mile, then down to Atlanta from the Northeast and work my way back to the West coast again. Rinse and repeat. My truck is paid for, and I absolutely KILL it when rates are high. I stay on the road 2 months at a time if rates are booming and I run hard, 3300 miles per week average loaded miles when I'm driving. When I say 181K in my pocket, I still save another 25 grand of that for catastrophy in a savings account just in case of a severe bad year (which is what we are going to get in 2022 if fuel goes up to 7 and rates top off at 2.85. When I purchased my truck, I got all the bells and whistles NOT on the truck, but on the warranty/maintenance plan which keeps my maintenance at no more than 18K each year, then I trade the truck in every 4 years at around 500K miles on it when the warranty expires, and take the 25 Grand I have saved each year that has grown in a conservative investment account and get a new truck.

I don't run my business by cost per mile. I know, sounds crazy, but I don't do it. I run my business by a percentage of each load I haul. My percentage absolute total take home pay after all taxes, saving 25 k for new truck, expenses, everything runs at 50% of what I take the load for. I always drive 107K loaded miles and quit. Truck is put away. I know that if I take a load for 3,000 dollars, after everything under the sun is paid to include taxes, fuel, maintenance, saving for the next truck, insurance, etc, state tax, federal tax, I put at a minimum 1500 of that 3,000 in my pocket. It's actually more like 55% of that 3,000 dollars, but I leave the 5% off in case of maintence catastrophy.

In conclusion, I know that if I run 107K loaded miles each year, whatever it is I gross, if it's 250,000 or 300,000, I'm puting in my pocket a minimum of 50% of that income. Why do I not do cpm? Because I know I'm running 107K loaded miles each year. I also know that I have a maintence plan/top shelf warranty that is very expensive when purchasing the truck for sure, but it always keeps my maintenance at know more than 18K. Guys, we get tied up in the Spot Rates and Fuel. Yes, those are critical. A truck payment is critical if you have one, but I'm telling ya, it's ALL ABOUT the Maintenance regarding whether you stay in business, go out of business, make a ton of money, or make some money, or don't make a bunch of money. Somehow, someway, get your maintence controlled as best as you possible can. It's the killer. It's the real crisis setter.