What are the worst states for loads for Owner Operators?
Discussion in 'Ask An Owner Operator' started by Power Meister, Nov 7, 2022.
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D.Tibbitt, blairandgretchen and Rideandrepair Thank this.
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50% is legit if you keep your costs down. But this market wont allow 50%. In a correct market loads should be $3 and fuel should be .50. But in this market loads are $2 and fuel is $1.
Last edited: Nov 10, 2022
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3.00 a mile with.50 a gallon fuel? You funny.
And if you can’t make money with 2.00 a mile freight and 1.00 a gallon fuel you are in the wrong business. -
Last edited: Nov 10, 2022
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It is a rule of thumb - or some recurring statistical phenomenon - that a solo owner operator gets to keep half of their gross.
At least this seems to be the case for me, ever since I got my own authority.
Of course, it was more in 7/2020 - 3/2022 boom period. But the rule was noticeable in the previous years as well as the recent months.
For example, from $200 000 of all revenue, I expect to retain $100 000.
If you wanted to determine precise business profit as reported on K-1 Schedule, I'd have to substruct my own W-2 reported pay.
But as long as I am encompassing both entities: business and me as an employee, I consider all the monies to be at my own exclusive disposal. Therefore, for all practical purposes, the 50% as an outcome of a statistical phenomenon, can be seen as my total net profit.
Perhaps, this is one of those universal laws of numbers, encoded somewhere in Cosmic time-space, that makes this rule applicable to solo owner operator's operating under their own authority.
I think, whenever I touched on the subject, enough members agreed and reported the same observations, do that I believe it to be an universal law.Last edited: Nov 10, 2022
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The password to Politics is thickskin.haycarter Thanks this. -
Over 8 years, it’s ranged from 45-70%, but I’ll have to look back. Single truck, 2 trailers, ranging from moderate investment to fully paid for.D.Tibbitt, Siinman, exhausted379 and 1 other person Thank this. -
blairandgretchen Thanks this.
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