Truck expenses by percentage of miles?

ok, this is a spread sheet that I put together and I was going to ask a really similar question. I am looking to go the O/O route instead of company driver.

so I will just tag it on here and see what others have to say.

the one thing I do not have figured in with this is the cost of vehicle liability insurance. If I had a ball park for that, I would add it in.

Is it in the ball park? too conservative? Realistic?

 

Eh, it's high. I know Cobra insurance for my family right now next month will be $1284.

I can put that into canadian funds if you want me to. Be easy to do with just one or two number changes. cost per KM too I would think would be doable.

I was let go from a job on Feb 3 and need to do something soon. We can scratch by for a bit. But I would rather not.

 

that is what I have for planning purposes. Your $1.80 per mile I am taking less the FSC, takes it to $1.30. At 65% to the truck, that comes to about 84.5 CPM. So it's not far off. If I do that incorrectly, someone please let me know.

It comes from reading a lot of the landstar posts as well as some of the O/O postings. There are also alot of experience in there. I spent 8 years driving truck and seeing what breaks/needs maintenance as well as was the Maintenance liason for my national guard unit managing 50 vehicles when deployed overseas.

If you look to the lower left, you will see a FSC of .50. That's a fuel surcharge. Again, it's gleened from reading a lot of the O/O posts on what they are getting for FSC and how it's passed back to the truck. Cost of fuel run minus the fuel charge give the fuel cost that goes into the Overhead column.

I am figuring revenue low and expenses high. There are changes coming I am currently working on. I did not have a 2290 tax or IFTA fees in the calculations. Putting those in now. Trying to get it as realistic as possible.

 

Just got back from talking with the insurance guy.

$1500 is a good planning number and will get you:
Health
Life
Short term disability
Long Term Disability

That includes a $1000 deductible.

 

Can someone help me locate the spreadsheet that MNdriver has referred to and/or has posted on this board. Thanks for your assistance.