Is this a fair representation of O/O costs per mile?

Discussion in 'Ask An Owner Operator' started by TheGrimReefer, Feb 23, 2015.

  1. 30-aught-6

    30-aught-6 Light Load Member

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    Dec 16, 2014
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    Some times your cost per mile increase or decrease throughout a month,when fuel was $2.59 a gallon subtract the base rate is $2.59 a gallon -$1.25 base rate,keep in mind every carrier and contract varies =1.34 ÷5mpg=0.268 per mile fsc some get .18 cpm for fuel but get .20-.30 cpg off at the pump see?

    When diesel was $3.56 a gallon -$1.25 base rate= $2.31÷5mpg =.462cpm fsc ?
    But if you get 6mpg and up your fuel cost is $2.31÷6= .38 now you have a additional.8cpm PROFIT just by turning those wheels on that load alone, not mention that EXTRA price off at the pump,plus driver pay,plus keeping them injectors spraying minimal when needed and MANAGING your GAS PEDAL

    PLus i have a generator and shut my truck down at night,my truck burns .25 of a gallon of diesel,
    when idling,

    so if i idle for 11 hours a night hmmm??? that equals= how much im saving per day/week/month/year
    Just by not idling my motor, so you see how that goes it all add up in different ways for different people.

    But you gotta stop looking at what other people get,EVERYBODY dont get 5,6,7,8 even 9mpg
    Its all on how well you manage your Business,to each its own

    So it varies,each operation is different
     
    Last edited: Feb 26, 2015
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  3. rollin coal

    rollin coal Road Train Member

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    TN
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    Not really high. There is a car hauler here with a cost to roll of around $2.50 per mile. An average is just that. An average. I can beat average van rates by over $1.50 per mile. Some can't even match average. I think $1.68 is cheap and $1.87 is more in line but everyone is different.
     
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  4. Irishman 67

    Irishman 67 Bobtail Member

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    Feb 24, 2015
    Tullahoma, Tn
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    You are going to get answers that are all over the map. I pull chemical tanks, and our rates are a little higher than most van rates. Total for last year I did $1.98 on all odometer miles on the truck. I also had quite a few mechanical issues witch drove my operating costs up to $1.23. So, after everything, I still did $.75 to the house as driver pay. There is money to be made out here, but you seriously need to pay attention to your expenses. Make sure you track and understand your numbers. There are quite a few O/O out here that don't make as much as a good company driver can. Usually you will find that those folks are not paying attention to their numbers and have no idea what they are really making to the house. So, no, your not missing anything. You just need to set down and get a good sustainable business model in place and micro manage your expenses to the penny.
     
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  5. TheGrimReefer

    TheGrimReefer Bobtail Member

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    Feb 11, 2015
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    What are the variable costs that you as a driver can control?

    I can think of these.....

    MPG (to an extent)
    Maintenance (I know up north a lot of guys would have less headaches if they treated their fuel and trucks for winter conditions, also this saves you time because you won't be fiddling around trying to get your engine to start. Another thing guys see is their air filter's gelling up)
    Idle time (APU unit in the truck, or ESPAR bunk heaters instead of idling)

    I think some times people forget that in a calculation for what you make, $ per mile, you need to be moving! Where as idle time is a direct cost that generates no revenue, any stopped time for that matter. It just goes against you $ per mile.

    Anything else you guys can think of?
     
  6. Irishman 67

    Irishman 67 Bobtail Member

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    Feb 24, 2015
    Tullahoma, Tn
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    Some of us actually don't need to be moving to make money. In chemicals we get paid detention, after 2 hrs its $54.50 to the truck. If I sit there for 25 hrs. I'm still on the clock. That actually happened once, I sat 25 hrs at a customer. When it was all said and done I got an extra $1,150 added to the load. Also, don't equate moving with money. Unless you are on a flat mileage pay, then I guess your still in company driver mode and just try to eat miles. On percentage, you don't care about miles, its money. Don't be afraid of DH either. Ill DH 1,000 miles after a load going 200 miles as long as it's going to pay $2,500 or better. But moving just for the sake of going down the road is a good way to go broke if your moving too cheaply. Sometimes, it's cheaper to sit. On variable costs, your #1 cost is going to be fuel. Nothing else will even come close. Anything you can do to get fuel costs down are going to go directly to your wallet. Every 1/10th of a gallon per mile equals roughly $1,000 on 100,000 miles. Any time you let maintenance slide, it will end up costing you double before it's all over with. It will always find the worst place at the worst time to finally break.
     
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  7. TheGrimReefer

    TheGrimReefer Bobtail Member

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    Feb 11, 2015
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    Great perspective!
     
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