This is per month basis.
Per Month
Truck Cost 150000
Income +32000 (8k per week)
Truck Payment 5000
Interest 2000
Insurance 2083.333333
Maintenance 1000
Driver payment 16000
Fuel 1000
Factoring Fees 200
Tolls 200
Permits 100
LOAD Board 100
ELD 50
Profit 4266.666667
Does this look right?
Profit/Expense calculation per month. Is this right?
Discussion in 'Ask An Owner Operator' started by johnhawden08, May 18, 2022.
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More like this
Per Month
Truck Cost used 150,000
Income in this market 20k to 26k (5k to 7k per week)
Truck Payment 3000
Insurance minimum 2200
Maintenance 2500
Driver payment 8000
Fuel 8000
Factoring Fees 200
Tolls 500
Permits 100
LOAD Board 100
ELD 50
Profit -200 if you make 22k
1800 if you make 24 kLast edited: May 19, 2022
59EX, DUNE-T, Northern Nomad and 1 other person Thank this. -
$1000 for fuel ?
Siinman, SL3406, buzzarddriver and 15 others Thank this. -
Siinman, omardten, Keepforgettingmypassword and 4 others Thank this.
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omardten, blairandgretchen and ProfessionalNoticer Thank this.
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omardten Thanks this.
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Where are you factoring for less than 1%?
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Brettj3876, omardten, God prefers Diesels and 3 others Thank this.
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Also, does your plan really call for paying yourself $16k a month - $200k a year??
rollin coal and D.Tibbitt Thank this. -
$5000 for the truck payment?!
$ 2083 for the insurance?!
If so, this alone is too much to live off loadboard freight.
To be at $32000 revenue, you need optimistically 9000 - 10 000 miles which translates closer to $10 000 in fuel. I don't know what type of freight is considered here but to stay at $3 per mile on a dry van for 10 000 miles per month has been next to impossible in the last 7-8 weeks.
Tolls: depends where you go but if it is Chicago outbound. going eastward, they can get easily above $1000 per month.
Maintenance: if this is one of those 500 000 mile trucks, $1000 is optimistic. Typically it is between $15000 - $20 000 per year.
Shortly:
Too much hope for so much revenue at this market and too big truck and insurance payments not to become financially frustrated.rollin coal and johnhawden08 Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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