Can owner operators make 4k per week after all expenses and taxes?

Discussion in 'Ask An Owner Operator' started by Power Meister, Aug 26, 2022.

  1. Judge

    Judge Road Train Member

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    And not all weeks will be money, got the good and the bad, like a $1500 part.
    You ran that week for that part, you/company, it’s all the same in the end.
    it’s not just fun and games, say a turbo goes.
    $4000+$1000 actuator.
    Gotta go to shop so they can match it with computer. say $6500 right there easy.
     
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  3. Power Meister

    Power Meister Light Load Member

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    The most recent week shows your income per mile as $2.17. But like you said, you are specialized with a hopper trailer and thus get higher rates. Also average repairs and maintenance per mile is probably .22/mile (or 2k per month). So really, more like $1.95 specialized with the hopper trailer, which is pretty much inline with the previously calculated $1.85. Looks like the rates for hopper trailers did not really tank like spot rate for van trailers did.
     
    Last edited: Aug 28, 2022
  4. Power Meister

    Power Meister Light Load Member

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    The "Easy Yes" appears to be true on Judge's operation, he seems to be doing everything you said and is specialized with a hopper trailer and his income per mile is $1.85-1.95. Can income per mile at today's spot rates using a van be high enough to make being an owner operator worth it? If so, then how? Can you show the detailed math for this?
     
    Last edited: Aug 28, 2022
  5. Judge

    Judge Road Train Member

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    I don’t see mileage put in there from 17-24…
    but here it is
    CA40C1B9-3BE6-4854-8954-99608312B6F2.png
     
  6. Judge

    Judge Road Train Member

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  7. Power Meister

    Power Meister Light Load Member

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    With those 2620 miles the income per mile comes out to $1.86, but that is without the average repair and maintenance expenses of .22/mile. So, actually the real income per mile is $1.64. Which is $3,690/wk if ran 2250 miles.
     
    Last edited: Aug 28, 2022
  8. JoeyJunk

    JoeyJunk Road Train Member

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  9. Judge

    Judge Road Train Member

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    I once talked to the CEO of a major flatbed company, who told me after all his expenses, his trucks generated a profit of .03/mile.

    If he can do it I can too!!
    Granted he has probably 1000+ trucks at 100k mile/year, each still 3 million/ year profit.

    Gotta look at the big picture not the little one.
     
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  10. Siinman

    Siinman Road Train Member

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    Detail math is gonna be hard to show since too many variables in the operation. I run a brand new truck with 5 year warranty so I have a lot less out of pocket for maintenance cost. I also run 50K to 60k for oil changes. My miles per gallon will be better as well then pulling a specialized trailer. Lots of ways to do it and it depends on location and how you plan on running.

    Spot market can run from $1 a mile to $20 a mile. Dollar per mile does not do anything for me as I want to make a certain amount per month and that is all that matters to me. I know what I need to make on a run to be profitable if it gets down to that point.
     
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