Rates are crashing and fuel to the moon!

Discussion in 'Ask An Owner Operator' started by Kenworth6969, Mar 3, 2022.

  1. Rideandrepair

    Rideandrepair Road Train Member

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    Those numbers reflect mine exactly. As an O/O and now as a Company driver. The difference is about $10k per year less now, for the same time invested, as far as Driving goes. I’m no longer spending time with the other booking, billing, repairing, and staying compliant record keeping. Same amount of Driving time work, 20 days per mo. $25 hr. isn’t much, have to work at least 50 hrs. per week. Just to take home $1100. Working only 40 hrs. taking home $800, with expenses of $2800 mo. equals barely scraping by. That’s what I did last year. $48k gross. Needed a lot of time off, lost time switching jobs, unpaid holidays, somehow I scraped by. Just now finally getting steady full time w/OT. Take home $4900 mo. w/ $2800 mo cost of living. That includes everything I spend. My goal is to cut that $2800 in half. Live on $1400 mo. Sell my house, pay cash for another with the profit. Still work and earn as much as possible, but be able to only work 20-30 hrs per week at any enjoyable job. Not necessarily Trucking. I want to at least have that option within a couple years. Be able to if needed for health reasons. That’s my little plan. I estimate it at 18 mos. considering I have an extra $2000 per mo. It’s slow progress. Haven’t seen any yet. In reality, it’ll probably actually take 2-3 years. Lol.
     
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  3. Gumper

    Gumper Road Train Member

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    The good thing about my job (supposedly) is I pay into two pensions, so retirement is great. That’s assuming those pension funds aren’t ever lost. Unfortunately that takes 20% of my income off the top. The bad thing about my job is it’s not rewarding in the least, and totally dead end. At least with trucking I felt like I was accomplishing something, and the possibility of building a good business.
     
  4. D.Tibbitt

    D.Tibbitt Road Train Member

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    Gettin' down westbound
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    I noticed that too, going back to being a company driver . It sure is nice not having to sit and do 30 minutes of paperwork after everyday just to stay caught up on it... not having to look for loads and deal with ignorant brokers... some things about it are hard to beat
     
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  5. Chicagoalen

    Chicagoalen Bobtail Member

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    Apr 11, 2016
    Chicago IL
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    Compared to last year before June 2024 , I'm making a much better money now. Did sign up with dispatcher with my company , he takes 8% but delivers Consolidated Loads. Taking 2-4 partials instead of full loads does the trick.My $pm is much higher then when just booking loads from loadboard. I'm driving less miles for more money. I think nowdays you have to run your business smarter to be profitable .
     
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  6. Dale thompson

    Dale thompson Road Train Member

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    commerce twp,mi
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    [QUOTE=". I think nowdays you have to run your business smarter to be profitable .[/QUOTE]. Welcome to the thread Captain Obvious.
     
  7. ElmerFudpucker

    ElmerFudpucker Road Train Member

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    . Welcome to the thread Captain Obvious.[/QUOTE]
    Savage
     
  8. Chicagoalen

    Chicagoalen Bobtail Member

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    Apr 11, 2016
    Chicago IL
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    Relax!l bro Take a deep breath—nobody’s out here grading your performance like it’s the Olympics of stress. You got this!"
     
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  9. Rideandrepair

    Rideandrepair Road Train Member

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    The Company I’m working for has O/O’s. Talking to one, he said he grossed $170k on 100k miles. He’s looking for a different job. Runs that paid $2.20 pm are now $1.70. During Covid he claims he grossed $415k. He’s the 4th O/O that’s told me crazy numbers like that. I’ve heard $365k, up to $435k. They all were running Canadian loads when the vaccine rules were in place. I think I would have just quit Trucking after a year like that. Paid off everything and relax into an easy stress free job.
     
  10. Cdemars316

    Cdemars316 Heavy Load Member

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    I grossed 300 2022 last year I grossed 215, same account but had plant closures for two months last year. And months of only 2-3 day weeks. This year has started out ok, but definitely ain't going balls to the wall like 2021 and 2022.
     
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  11. FLHT

    FLHT Road Train Member

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    Down 57 loads this year so far from last.
    Oil field pretty slow.
     
    austinmike and D.Tibbitt Thank this.
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