I'm about a year or two away from selling my business, and will likely soon start attending a Community College CDL program.
Just for kicks... assuming things fall into place, and I hook on with Schneider or some other carrier and survive my year or two of OTR... with the dream of going O/O solo or with Schneider in this example. How close are my numbers to reality?
My numbers are likely overkill.... but I like overkill. This would be a perfect world zero debt endeavor, all funded by savings and cash out of pocket. Having the cash to pay one year of most expenses would give breathing room for growing pains. Things such as Insurance, a truck, a trailer, taxes, plates, authority, etc... including a large repair fund, six month fully funded emergency fund for the spouse at home, a 90 day reserve for operating OTR, and even deductibles for insurance.
When I look at the numbers, even for a used truck, the numbers are pretty staggering. I'm sure that the insurance is at best a guess. Am I missing anything? Do the CPM for a solo or O/O look reasonable?
Thanks for taking the time to respond...
[TABLE="width: 462"]
[TR]
[TD="class: xl65, width: 144, bgcolor: transparent"]startup cost[/TD]
[TD="class: xl69, width: 106, bgcolor: transparent"] Walmart used [/TD]
[TD="class: xl67, width: 99, bgcolor: transparent"][/TD]
[TD="class: xl66, width: 88, bgcolor: transparent"]pete 386[/TD]
[TD="class: xl67, width: 84, bgcolor: transparent"][/TD]
[TD="class: xl66, width: 94, bgcolor: transparent"]Schneider[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 35,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl70, bgcolor: transparent"]$140,000 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 35,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck taxes[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl70, bgcolor: transparent"]$9,000 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]trailer[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]trailer taxes[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]repair fund[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 25,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 25,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]plates[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 2,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 2,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]irs 2290[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 550.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 550.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]ucr[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck liability[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 6,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 6,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 6,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]general liability[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,500.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]bobtail[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,200.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,200.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,200.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]collision[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 2,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 2,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 2,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]cargo[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,500.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]health insurance[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 18,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 18,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 12,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]deductibles[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Authority MC#[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 350.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 350.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]APU fuel saver[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 10,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Drive Tires[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Steer tires[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]trailer tires[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 4,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]chains[/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]tarps[/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]ramps[/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]straps[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ - [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]logo/paint[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]operating fund[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]home e fund[/TD]
[TD="class: xl71, bgcolor: transparent"]$20,000 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl71, bgcolor: transparent"]$20,000 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 20,000.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]total startup[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 190,100.00 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl71, bgcolor: transparent"]$285,100 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"] $ 147,700.00 [/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="class: xl65, bgcolor: transparent"]fixed operating cost[/TD]
[TD="class: xl68, bgcolor: transparent"] 100000 miles [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]120000 miles[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl66, bgcolor: transparent"]SNI o/o[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck replacement[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.12 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.12[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.12[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]trailer replacement[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.05 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.03[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck liability[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.06 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.05[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.03[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]general liability[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.01 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]bobtail[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.01 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]collision[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.02 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]cargo[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.04 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.03[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]health insurance[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.18 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.15[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.12[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]plates/permits[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.04 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.03[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Deductibles[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.03 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.02[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.02[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]qualcomm[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.01 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.01[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="class: xl68, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="class: xl65, bgcolor: transparent, colspan: 2"]variable operating cost[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]truck maintainence[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.10 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.08[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.08[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]trailer maintainence[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.05 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.04[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]tires[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.06 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.06[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.03[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]fuel[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 0.65 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.65[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]0.58[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]total cpm[/TD]
[TD="class: xl68, bgcolor: transparent"] $ 1.43 [/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]1.30[/TD]
[TD="class: xl67, bgcolor: transparent"][/TD]
[TD="class: xl67, bgcolor: transparent"]1.01[/TD]
[/TR]
[/TABLE]
Joe Super trucker LLC... start up numbers... opinions appreciated
Discussion in 'Experienced Truckers' Advice' started by reno1910, Sep 5, 2012.
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Nice effort here.
UCR isn't $500, it's $76.00 for one truck and trailer. Otherwise this is a nice bit of work you did here. -
My truck and trailer liability and physical damage coverage is $120 a month/ $1440 a yr with $1000 deductible, vinyl Logos for $75, pulling a van I've got MAYBE $100 in straps and load locks, permanent plate on the trailer in SC is a one time fee of $85, and my truck property tax was $30 in SC this yr
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Reno;
Nice work on the spreadsheet, being a former Managing partner looks like you did your homework. i too just recently shut down our operation and looking to get into the trucking business, but I want to drive for 2 to 4 years before going o/o. I plan to network with c level corporations and small businesses owners this is one of my forte's. Good luck and be frugal. Oh I have always put an additional % of unexpected tangibles and intangibles. You might call this escrowLast edited: Sep 6, 2012
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Make sure you and your wife will enjoy the OTR life style before getting too deep under the green visor.
You're looking pretty far ahead on what will be a long and challenging journey. -
Not that i have any exp with being a o/o but i must say, well done. You are taking a proactive, educated approch and not diving in head first. If you like the lifestyle i bet you will do fine.
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Don't list your fixed costs as cpm. They're FIXED costs, and you don't run a fixed number of miles unless you've got a dedicated account. And even then, they're still fixed costs.
You're also trying to compare apples to oranges - being an independent O/O with your own authority compared to a Schneider mileage based lease. You don't run them the same way. With your own authority, your goal is LESS miles and MORE revenue. With the Schneider mileage based lease, your goal is MORE miles, and your options to increase revenue are severely limited. -
One thing people seem to forget, you will be paid for { X } amount of miles, but will actually run { X } + a variable amount of miles. Unpaid dead-head miles, out of route miles, bobtail miles, etc. all cost money to run. Fuel, tire wear,etc. cost even on miles you must run, but are not paid for. No need for bobtail insurance if you have liability on truck, unless you are leased, then you will not pay high dollar for liability. Tolls can be a burden in certain areas, as can parking expense. Your collision on a big Pete will be more than you budgeted. Cell phone cost ?
Trucking ain't what people think it is. Try it out before you invest a lot of $$$$.
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