American central transport (lease)

Wont be much longer ill be off the hook and back on the road. Had a major setback KW misdiagnosed my mech problem said i had a clutch problem. So i bought a new clutch. 350 mi later the rearend goes out 3000.00 spent that didnt need to be spent.

long story short rearend is junk i bought an extended warranty on it 2 months back its covered but i been laid up in a hotel walls are closing in on me. all in all i got 4000.00 in parts towing hotel meal expenses in a week. and 400 in maint to pay the bill. Fortunatly i hoard money for a living so i got it covered . Now it time to hit the road do it all over again and recoup. Donations accepted.

 

No lease is perfect. always prepare for the worse.
2 weeks ago truck drove great,then 1 day something sounded funny and it never went away.

I knew obviously it was cheaper to find the problem and fix it. but never could pin point the issue bills gotta be paid so we took a load . Well we didnt go far , before i knew it i was on the hook. Next time ill swing by the house to KW been nice to of been sittn at the house for repairs. I had just left 4 days before she broke but thats the way it goes.

 

Got 2 load offers for 1000 mi or 1200 on Thurs. But they deliver Monday appt only. Mmm which 1 shud i take . Seems like a big delivery window to me wonder whats going on with the Freight.

 

Not sure what happened to the freight . Last Thursday they gave me a load to Ohio 1000mi 4.5 days to get there appt only. Then i get a load 204 deadhead 200 loaded on monday. Tuesday 329 loaded 0 Mt Wed 589 loaded 20 Mt. Thur . I paid my repair bill 3000.00 i get an offer for 428mi for a Monday deliver (4 days no thanks). Ok we got 221 or a 245 will any of them work . Ok whatever .

 

So far this week i have 1404 mi . 22Hrs avail. On my 70 and i pic up my recap at midnight . Pretty much speaks for itself.

 

Delvrd my load . Got dispatched sat for a day before pick up . Wouldnt you know it another driver assigned to same load. Lack of communication somewhere. So we wait for dispatch again

 

Numbers for the Year so far

Loaded 64,561
Empty 10,122

Total 74,683

Mileage pay $ 109,144
Fuel$ 43,704 fuel tax $ 998
Truck Maint $ 6,685
Communications $2093
Lodging $ 563
office $372
Uniform/laundry $ 7

TOTAL VARIABLE EXPENSES $ 54,422$

Truck Payment $ 19,158
License permits Toll $ 1,902
Insurance $ 1,091
Bobtail Ins $ 218
Work Comp/Occ Acc $ 1,040
Legal fee $ 624

TOTAL FIXED EXPENSES $ 24,033
TOTAL EXPENSES $ 78,455

NET INCOME BEFORE TAX $ 30,689
MILES TO BREAKEVEN 32,800

CASH ADVANCES $ 4,064

I Avg between .32 .41 Net per mile. before taxes so far this year . I have paid 5,800 in fed taxes and 446.00 in State Taxes based on 100,000 thats equal to .06/mi.

If you think your gonna get rich on a lease NOT. But you can make it if you budget your income based on Company Driver Pay. The reward is completing the Lease and the satification of owning the truck. Sacrifices must be made to achieve that goal but its worth it.

These are YTD numbers January to August. Everybodys numbers are gonna be different . Truck breakdowns personnal expenses how you manage your lease are all to be taken into consideration based on a individual bases . These are MY numbers based on a 1st time lease .

Looking back on my P&L from pervious yrs the numbers run pretty consistant . So there you go.