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First 3 Months as O/O hauling Super B

Discussion in 'Ask An Owner Operator' started by sinistar, Jul 20, 2011.

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  1. Jul 20, 2011 #1
    sinistar

    sinistar Bobtail Member

    28
    4
    Feb 1, 2011
    vancouver bc
    0
    I own a 2000 Peterbilt 379 with a cat 550 (6nz) hauling Super B's 142,000 pounds.

    First month NET after fuel and insurance $22,000
    Second month $10500
    Month 3 $15,000

    These are all NET figures after fuel and insurance, excluding maintenance

    I'm home every weekend and some evenings.

    Life is pretty good! Am I missing something here, as a company driver i was lucky to make $6g in a month
     
    sinistar, Jul 20, 2011
    sinistar, Jul 20, 2011
    #1
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  3. Jul 20, 2011 #2
    BigJohn54

    BigJohn54 Gone, but NEVER forgotten

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    May 13, 2011
    SW Missouri
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    IMHO, yes you are. To have a real net figure you are missing repair/maintenance/tire fund, equipment replacement fund, driver's wages, workmen's comp, health ins, license/permits, fuel tax, income taxes and return on investment.

    What you said you have paid is about 35% of my cost of operation based on my business model.

    Sorry, you asked - just my two cents.
     
    BigJohn54, Jul 20, 2011
    BigJohn54, Jul 20, 2011
    #2
  4. Jul 20, 2011 #3
    BigBadBill

    BigBadBill Bullishly Optimistic

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    What you are doing is hard on equipment so stash a lot of that away of maintance.
     
    BigBadBill, Jul 20, 2011
    BigBadBill, Jul 20, 2011
    #3
  5. Jul 21, 2011 #4
    sinistar

    sinistar Bobtail Member

    28
    4
    Feb 1, 2011
    vancouver bc
    0
    I should have been more clear. The Figures I gave included, workmens comp, health insurance, license/permits & fuel tax.

    I have excluded drivers wages, maintance, tire fund, equip replacement and income taxes.

    I average aprox 10000 miles per month loaded 50% of the time, does $2500 sound like a reasonable amount per month to cover maint, tire fund, and mechanical issues down the road?

    I searched for about 4 months trying to find "the perfect truck" lol. This truck is in very good shape, full documentation, inframe done 70k miles ago by finning. Although that being said there always seems to be somethine small going wrong with it, I have been getting nickel and dimed to the tune of about $1500 per month so far.

    I have owned two other businesses before I got into trucking, and my motivation to be a trucker was the fact that I love driving. The problem as a company driver was , 5-6 g a month sucks, and so did the company trucks I had to drive

    My wife co-drives with me although we are not long haulers, but she is starting to complain about the weekends spent going to shops getting stuff fixed. Is there ever a break from visiting the mechanics on weekends or wrenching it myself?

    Thx for the info guys
     
    sinistar, Jul 21, 2011
    sinistar, Jul 21, 2011
    #4
  7. Jul 21, 2011 #5
    Wings2Wheels

    Wings2Wheels Medium Load Member

    301
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    May 3, 2008
    Eastern PA
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    Are your numbers in Canadian or U.S. dollars?
     
    Wings2Wheels, Jul 21, 2011
    Wings2Wheels, Jul 21, 2011
    #5
  8. Jul 21, 2011 #6
    smarttowers

    smarttowers Light Load Member

    174
    48
    Jul 6, 2011
    New Mexico
    0
    Have you looked at the exchange rate lately? The Canadian Dollar is actually worth like 5 cents more then he U.S. Dollar. Not a very big difference if its in CAD or USD.
     
    smarttowers, Jul 21, 2011
    smarttowers, Jul 21, 2011
    #6
  9. Jul 21, 2011 #7
    Wings2Wheels

    Wings2Wheels Medium Load Member

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    May 3, 2008
    Eastern PA
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    Honestly I hadn't looked at the difference recently.

    With that being the case, his $22,000 Canadian would be about $20,000 U.S. Not that big of a difference, but a difference nonetheless.

    Everybody knows that copper wire was invented when two O/Os were fighting over a penny, and while $2,000 doesn't go as far as it used to, it can still pay for some tires, or roughly 1/3 of a year's insurance, etc.

    Just food for thought...
     
    Wings2Wheels, Jul 21, 2011
    Wings2Wheels, Jul 21, 2011
    #7
  10. Jul 21, 2011 #8
    smarttowers

    smarttowers Light Load Member

    174
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    Jul 6, 2011
    New Mexico
    0
    Actually his $22,000 Canadian would be $23,270.57 U.S. as of today. The canadian dollar is more valuable then the U.S. dollar and has been close to or more valuable for awhile really.
     
    smarttowers, Jul 21, 2011
    smarttowers, Jul 21, 2011
    #8
  11. Jul 21, 2011 #9
    Wings2Wheels

    Wings2Wheels Medium Load Member

    301
    324
    May 3, 2008
    Eastern PA
    0
    :biggrin_2556:

    WoW. I think I need five or six margaritas and a week off with pay....

    ...maybe I've been pushing a little too hard lately. My brain is definitely scrambled.

    Hope I provided some entertainment factor at least. Woo-wee....
     
    Wings2Wheels, Jul 21, 2011
    Wings2Wheels, Jul 21, 2011
    #9
  12. Jul 21, 2011 #10
    smarttowers

    smarttowers Light Load Member

    174
    48
    Jul 6, 2011
    New Mexico
    0
    Nah a few weeks ago they were almost even and had been for awhile but with the current debt issues we are having the dollar is falling quick and will fall even faster if things continue.
     
    smarttowers, Jul 21, 2011
    smarttowers, Jul 21, 2011
    #10
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