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GunMetal345's Tanker Lease Experience

Discussion in 'Prime' started by GunMetal345, Jun 30, 2013.

Page 14 of 28
  1. Sep 2, 2013 #131
    Joe Leaphorn

    Joe Leaphorn Bobtail Member

    26
    4
    Sep 4, 2009
    0
    Good stuff Guns. couldn't agree more that success starts with the relationship you have with your FM. Problem solvers get the love.
     
    Joe Leaphorn, Sep 2, 2013
    Joe Leaphorn, Sep 2, 2013
    #131
    GunMetal345 Thanks this.
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  3. Sep 2, 2013 #132
    123456

    123456 Road Train Member

    10,555
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    Oct 22, 2010
    32179
    0
    Are you meeting or exceeding your 5 business goals ?

    Details ?
     
    123456, Sep 2, 2013
    123456, Sep 2, 2013
    #132
  4. Sep 8, 2013 #133
    GunMetal345

    GunMetal345 Light Load Member

    158
    125
    Mar 31, 2013
    0
    Revenues are all over the map from week to week. Fuel cost vary and so does my salary depending on my goals at the moment. You can figure it out looking back but it doesn't help you going forward because it can change with every trip.

    Fuel cost change from day to day. You can only take a salary if you make a profit. It varies with what I want to do. From what I have seen this business is not consistent enough for me to try and make decisions off averages from past weeks. That's why I take all loads and run them as efficiently as possible so I can make the most profit off that load. That's is really all I can do. Everything else to me is knowing my business. Working the business will stay my top priority as long as I'm out here driving.

    Right now I'm getting my personal expenses taken care of so I'm taking a lot of my profits in salary. In 2014 almost all of my profit will be going back into the business. So next year my salary will be very low. My family affairs should be in order by the end of October.
     
    GunMetal345, Sep 8, 2013
    GunMetal345, Sep 8, 2013
    #133
  5. Sep 8, 2013 #134
    GunMetal345

    GunMetal345 Light Load Member

    158
    125
    Mar 31, 2013
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    On 1,2 and 4 yes. 3 and 5 no.

    3. I drive as slow as I can but sometimes I have to do 60-62 mph to deliver on time. When I have time I do 50-51 mph.

    5. I go home once a month because my wife wants to see me at least once a month now because she didn't see me for almost 5 months.
     
    GunMetal345, Sep 8, 2013
    GunMetal345, Sep 8, 2013
    #134
    Joe Leaphorn and 123456 Thank this.
  7. Sep 8, 2013 #135
    GunMetal345

    GunMetal345 Light Load Member

    158
    125
    Mar 31, 2013
    0
    Update:

    I will only make or owe a small amount of money this week because I am paying 2 weeks of fixed cost. If I can turn in this last trip before cut off I should make around $200 this week. If not I will owe around $800.

    Thanks for reading. Laters
     
    GunMetal345, Sep 8, 2013
    GunMetal345, Sep 8, 2013
    #135
  8. Sep 8, 2013 #136
    ironpony

    ironpony Road Train Member

    17,502
    12,015
    Sep 23, 2007
    Ask my GPS...
    0
    It's all over the place! That's why I recommend that folks have a cushion of cash to even things out BEFORE they start. Fuel... you have to take the long view on this, and look at an entire trip. Pick the absolute cheapest fuel you can find, and buy as much as you can. It's impossible to get ahead "buying just enough" because fuel prices are so volatile. Especially if you put off buying cheap fuel on the last trip of the week that you turn in. Even if it puts your settlement in the red, its better to get the cheap stuff when you can.

    Short-term averages mean vary little, simply because your revenue and costs are all over the place. Longer term averages... quarterly and yearly values take enough of the noise out of the data that you can begin to see numbers that make some sense.
     
    ironpony, Sep 8, 2013
    ironpony, Sep 8, 2013
    #136
    GunMetal345 and Joe Leaphorn Thank this.
  9. Sep 12, 2013 #137
    GunMetal345

    GunMetal345 Light Load Member

    158
    125
    Mar 31, 2013
    0
    Update:

    I got stuck in North Dakota and missed the cut off. So I owe $633 in stead of being up $300. Will make it up this week but because of that this month will be just like last month. All the profit made in 2 weeks of the month. October will be better because I'm staying out 4 weeks and after that break I will be on the road until Christmas because my wife and I will be taking a vacation and I need to finance it, lol.
     
    GunMetal345, Sep 12, 2013
    GunMetal345, Sep 12, 2013
    #137
  10. Sep 13, 2013 #138
    mrrandomson

    mrrandomson Bobtail Member

    45
    13
    Jun 20, 2013
    0
    How did missing a cut off change your situation by $933?
     
    mrrandomson, Sep 13, 2013
    mrrandomson, Sep 13, 2013
    #138
  11. Sep 13, 2013 #139
    DragonTamerBrat

    DragonTamerBrat Road Train Member

    2,742
    985
    Jun 6, 2011
    0
    That would be his revenue for the load he didn't get sent in by cut-off.
     
    DragonTamerBrat, Sep 13, 2013
    DragonTamerBrat, Sep 13, 2013
    #139
    GunMetal345 Thanks this.
  12. Sep 18, 2013 #140
    GunMetal345

    GunMetal345 Light Load Member

    158
    125
    Mar 31, 2013
    0
    You know you drive a lightweight truck when you get 8.4 mpg for a trip and you're upset.
     
    GunMetal345, Sep 18, 2013
    GunMetal345, Sep 18, 2013
    #140
    JimmyBones Thanks this.
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