How much Does your truck have net a Day?

You are blessed to have wise parents.....
Getting the tank cleaned is costly.Quite a bit more than just a good steam clean

 

Figure your cpm, lets say you run 120,000 miles per year, take what you think you can get per mile minus that by 63% overhead.
Example. 120,000 miles per year x $1.51 cpm = $181,200 Gross - 63% overhead ($114,156.00) = $67,044.00 Net.
Expenses are going to vary.
This does not include paying federal and state taxes.

 

My expenses are paid on a weekly basis, revenue is percentage of linehaul and fuel surcharge. I can break it down into cost per mile when I need to, but the data presented to me on each and every load is much more useful (to me and my situation) on a dollars per day basis.

 

Those aren't all of your costs. Plates, permits, insurance, maintenance, tires- among other things. Employing a driver isn't that simple either... he's bound to a trip schedule with none of the latitude that an independent contractor must have, so he's a W2 employee.

 

Best advice. Go get your college degree and then come back to the trucking career. Don't let time slip by on you without getting your education. There will be plenty of time for trucking. Your education will open more doors for you in the future. When you get into college make sure you take some accounting classes and business classes. They might come in handy when you start driving your own truck.

 

Great advice! And it all helps, even just driving a truck...

So it sounds like you may want to put an employee in the driver's seat. What happens when the guy up 'n quits with no notice? You still have a responsibility to service your customers - that milk doesn't get better by aging while you find another driver, and college classwork needs to be done as it comes along. Not trying to bust your chops here, but what's the plan?