Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

How much does the trucking company really make

Discussion in 'Questions From New Drivers' started by dandre, Mar 1, 2014.

Page 1 of 4
  1. Mar 1, 2014 #1
    dandre

    dandre Bobtail Member

    1
    0
    Mar 1, 2014
    0
    How much do big trucking companies like swift really make before expenses i.e paying drivers, brokers, tax, insurance etc. I hear they make around $5-10 per mile. I was wondering because I was thinking of starting a trucking business headquatered in Texas (no state corporate tax which means I would pay less in taxes therefore I could afford to pay my employees more) and pay truckers what they really deserve. My uncle was a trucker for 20 years and he barely makes 50k a year. I would hire the freight brokers to work for me. I wanted to build a company that pays truckers at least double what they make. Also for background info I am a stock trader and make over 10 million dollars a year so I don't mind spreading the wealth and spending money for the good of my business and employees.But like all businessman know I still have to make a profit. I have 30mn saved in the bank ( I was going to create my own hedge fund with it but thought this would be more interesting to start a trucking business and I could help people) and was thinking of buying 10 (brand new I dont believe in used items) of the most fuel efficient trucks and 10 trailers to start off with. Then I would buy more as I got more jobs and drivers. Then I would buy more trucks and trailers as is needed. I already know a great attorney who could take care of the legal work. So back to the original question how much do the company really make before expenses. I just want to know if I could do this and make everyone a profit and dethrown companies like swift for paying such low rates like $0.40 a mile.
     
    dandre, Mar 1, 2014
    dandre, Mar 1, 2014
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Mar 1, 2014 #2
    Balakov100

    Balakov100 Road Train Member

    3,937
    2,637
    May 10, 2012
    Temple, TX
    0
    You heard $5-10 per mile?

    They lied to you. Swift makes $20/mile.
     
    Balakov100, Mar 1, 2014
    Balakov100, Mar 1, 2014
    #2
    KC Guardrail Thanks this.
  4. Mar 1, 2014 #3
    moosc

    moosc Road Train Member

    3,284
    1,172
    Mar 5, 2009
    Lincolnton NC
    0
    I only want to subscribe because there's no way you can dethrone the Swifts, jb, Schneider. Most accounts are bid on by company's you ever bus the lowest wins. You would go broke paying premium wages. But I want to see what other drivers say .
     
    moosc, Mar 1, 2014
    moosc, Mar 1, 2014
    #3
  5. Mar 1, 2014 #4
    lostriver

    lostriver Bobtail Member

    47
    19
    Jan 30, 2013
    0
    Bahaha... For someone who supposedly makes 10million a year you sure dont know how to research. A simple search would find you the average rate for trucking. Good luck trying to dethrone swift
     
    lostriver, Mar 1, 2014
    lostriver, Mar 1, 2014
    #4
    rockee and Dinomite Thank this.
  7. Mar 1, 2014 #5
    truckereddy

    truckereddy Bobtail Member

    37
    7
    Feb 28, 2014
    highway usa
    0
    if you have so much money why invest in trucking? Their is a lot of other business why this one?
     
    truckereddy, Mar 1, 2014
    truckereddy, Mar 1, 2014
    #5
  8. Mar 1, 2014 #6
    Dinomite

    Dinomite Road Train Member

    4,092
    4,308
    Sep 6, 2012
    Looking 4 Rocks
    0
    If he can drive like he can fib. Man there's maybe a driver somewhere in there. But the fib at least has to be believable. If trucking companies made money they wouldn't be stealing from the drivers like they do. A stock broker would know a trucking company is not a good investment.
     
    Dinomite, Mar 1, 2014
    Dinomite, Mar 1, 2014
    #6
    double yellow and rockee Thank this.
  9. Mar 1, 2014 #7
    lostriver

    lostriver Bobtail Member

    47
    19
    Jan 30, 2013
    0
    Maybe this "hedge fund" he works for does a lot of low margin trading, and he wants to get into a low profit margin industry with huge overhead and regulations...
     
    lostriver, Mar 1, 2014
    lostriver, Mar 1, 2014
    #7
    Dinomite Thanks this.
  10. Mar 1, 2014 #8
    fortycalglock

    fortycalglock Road Train Member

    6,153
    6,583
    Jun 25, 2011
    Tourist Town, FL
    0
    If he really was who he says he is, he would already have researched the quarterly reports to figure out what they average per mile, per truck, etc.
     
    fortycalglock, Mar 1, 2014
    fortycalglock, Mar 1, 2014
    #8
    Dinomite, lostriver, passingthru69 and 1 other person Thank this.
  11. Mar 1, 2014 #9
    Dinomite

    Dinomite Road Train Member

    4,092
    4,308
    Sep 6, 2012
    Looking 4 Rocks
    0
    Ya I'm sure after that last Seals mission, and swimming in your bank vault. You would like to quickly watch it go down the drain for $1.25 a mile freight.
     
    Dinomite, Mar 1, 2014
    Dinomite, Mar 1, 2014
    #9
    lostriver and koncrete cowboy Thank this.
  12. Mar 1, 2014 #10
    gokiddogo

    gokiddogo Road Train Member

    8,786
    14,768
    Mar 5, 2012
    Ontario Canada
    0
    Ever hear the answer to the question, "How to become a millionaire in trucking" ? Well .. you will find out if you don't do your homework ...
     
    gokiddogo, Mar 1, 2014
    gokiddogo, Mar 1, 2014
    #10
    lostriver Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 4