I would shoot for around $75-90k but who am I to say what you should/shouldn't do... HELL, as long as YOU are satisfied with YOUR salary, who cares what the next man thinks....
How did i do? 1st full yr as OO
Discussion in 'Ask An Owner Operator' started by Chris50, Dec 30, 2011.
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Do you own the truck personally, and then lease it to the company that you own? If not, check it out with a CPA. When I had 8 vans running, it was a very nice writeoff.
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No, that isn't in your pocket unless you got your truck for free. Think about those numbers when you have to buy a new truck.
I saw in one of your previous posts that the gross isn't important, but that is also not true. I ran 20,000 less miles last year and made twice as much with a truck and trailer payment. -
Oops i should of been more clear, the gross isnt important in this thread! Im still a beginner, and being in Central FL i think makes things tougher and im not moving. Besides im not doing this till i retire, i owned a restaurant at age 24, i trade actively, i dont have to be out there! I do like this last guys cpm though, 20k less miles and more money, very nice. Let me know if you have openings in FL.
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If you want an honest answer to your post you cannot hide numbers such as your gross income or cpm. Why do that?
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I was an O/O until April of 2011 and am located in Orlando area. I'm now a small fleet manager of 10 open deck/specialized trucks. This is definitely one of the toughest areas in the country to live in and be successful as an O/O and also get home 14 weeks a year. I have to send our trucks out for 2 to 3 weeks and make a minimum of 3 or 4 legs plus the outbound trip in order to make the bacon.
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Home time is a bit tricky in central FL. I'm sure that there are some that can manage it and still have a very high income, but being from WI, I've never studied it enough to solve the issue.
It also depends on how you like your home time. I prefer to stay out a really long time and then take a lot of time off. I haven't calculated my days out for the year yet, but I know it is much less than average even though I stay out a long time.
PM me if you like. -
I'll keep my thoughts to my self Flounder
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that's what i love about O/O he took tons of vacation/home time and wasnt fired and his DAC ruined... lol
and for netting 55k that's actually pretty good.
beats working in a bottom feeder for 35-40k a year (THE FULL YEAR no vacation). -
Your perdiem should be higher, no?
38 weeks,(7*38*$59/day=$15694)
the rest of the quick math I calc'd...
105226* (.90cpm)most big carriers are somewhere near this number +/-
.03-.05
=94703
then about $250 for insurances for the year(i'm not sure how you'd get out of paying for the entire year, even though you took 14 weeks off)
-13000(52*$250)
then figure for fuel-the biggies like to keep the (lp- o/o) crew around 1.25 gallon adter surcharge.
so, (105226/7)=15032 gallons*1.25= 18790
so, 94703-13000-18790=62913
Now, if you had to make the payment @ $450/week---
where else are you getting dinged??
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