Lets talk - or not - numbers.

I posted this in my thread, but thought it might be a fun ( or not) discussion.

Number one - this isn't a phallus measuring contest. Numbers have always interested me, especially in this sector of the economy. It's so diverse. We're independent people that have an absolute myriad of different factors that come into play.

Number Two - I've always been interested and open to discussions on numbers, which seems to be outside the norm for many folks. My view is that if it helps others make better decisions, or not be fooled, or disillusioned, then it's a win.

Numero Tres - Be honest.



As a precursor - I am a solo truck - 2 trailer open deck operation leased ON to a company that primarily hauls over dimensional on 5 axles to legal weight, based in Missouri.



A look at the numbers for the past 3 years.

2023 - may as well call it done.

$156k 1099.
49,500 miles total, 22,250 miles loaded - 45% LD, 55% DH
$3.15/mile TTT - $1.90/mile profit.
90 days worked.
28 loads.

Profit to expense ratio - 60% keep / 40% expense

2022 - for comparison

$171k 1099
48,000 miles total, 28,600 billed - 42% LD, 58% DH
$3.57/mile TTT - $2.01/mile profit
95 days worked
32 loads.

Profit to expense ratio - 56% keep / 44% expense

2021 - let's go there too

$204k 1099
52,600 miles total, 33,000 billed - 62% LD, 38% DH
$3.89 mile TTT - $2.46 mile profit
120 days worked
58 loads.

Profit to expense ratio - 63% keep / 37% expense.

Notable , fuel cost as percentage of revenue over the 3 years - same truck, similar conditions -

2021 - 12%
2022 - 17%
2023 - 20%

Landstar has a nifty little breakdown tool that , in conjunction with the profit gauges, gives me these irritating little factoids to track 'performance' (or lack thereof).

Obviously what I was doing 3 years ago, as to what this year has been, have had a marked impact on revenue, and profitability.

Given the dire straits (depending on who you talk to) of the industry and economy - I don't see it as a terrible year, one in which I (and I'm sure us all, in our own networks outside TTR) have seen many friends and fellow truckers either retire, pull the plug or sideline.

But there is a solid 12% year over year, cumulative 25% drop in the major tickers in my operation, in the last 3 years.

For anyone lurking without commenting, and number researching - to recap for you - this is a paid off, debt free, one man chuck operation, leased to a carrier. Household debt is zero, no children in house, wife retired, and responsible for own medical insurance. Late 40's, early 50's.

 

Did you wrap it around at least one time?