What are the worst states for loads for Owner Operators?

Aaah - before , like, if you gross 200k and run at 50% profit - then owner gets $100k pre tax.

If owner is driver , like me - $100k through tax structure.

Paying driver - well - another set of calculations.

 

The 50 % rule was once discussed on Kevin Rutherford show too.
Before then, I did not pay attention to it but it intrigued me, so I checked it out for myself and there it was.

 

And what was it?

 

Consistently, oscillating at 50% - before I pay myself and before taxes.

 

You can make something, like as much as someone flipping burgers.


What if got a $200k new truck and have a company driver paying them .70 a mile.
How do you survive then with $2 and under freight and $6 fuel

 

I always say if I’m lucky, I keep half of my gross. Seems about right. I’ve had quite a few years that were more. No payments and low maintenance cost. I also worked less. Eventually the piper needs to be paid. An inframe here and a transmission there. It all averages out.

 

If that is your business model with no cash reserves, you deserve to fail. With any decent truck and a fuel surcharge, the fuel cost doesn't even factor in. You can actually make more money the higher fuel goes, as long you average over 6mpg.

 

I guarantee when fuel was 1.00 a gallon and freight rates were 2.00 a mile I was making a whole lot more than someone flipping burgers.
And trucks were not 200,000 then either.