got it. how is the monthly profit determined in this business.
i know the big four costs are driver pay, insurance, truck maintenance, and fuel
what are the average costs per mile for the above costs?
and how much is an average pay out per load on the mile?
new to trucking
Discussion in 'Ask An Owner Operator' started by truckepreneur, Jul 7, 2015.
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To many variables to even give you a guesstimate.
Again, to many variables, I've heard of guys buying trucks for $10,000 and had good luck with them, and then there are those that end up putting 3-4 times that into it to keep them running. You can spend $90,000 on a used truck and it could nickel and dime you into bankruptcy.
Miles don't mean anything in this business, 15 miles or 1500 miles, who cares? What it pays per mile is important, the best money to be made is short miles high revenue per mile. If you're going to buy one you just as well buy ten, I don't think there is enough money to make it worthwhile with just one and paying a driver to drive it. -
whats the profit margin for one truck and one driver?
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4500 a day. Haven't you heard it's the best get rich quick scheme with no effort at all!CanadianVaquero Thanks this.
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Suddenly it all makes sense now.
Don't you think that the best way for you to answer your own questions is to go out and do it? If you don't have the time to put into the process, don't expect the process to be good to you. I dig where you're comin from, I really do, but wouldn't your time, resources, and efforts be best served by you endeavoring to something you know? -
wow. how hard is it to answer a basic question. I'm not a truck guy. i'm a business man. that is why i ask the questions to you all, the experts on your respective businesses.
i have money that i'd like to invest in this business and all I asked for a rough guestimate numbers. instead of wasting time mocking, why not just answer the basic questions. i understand they are broad, thats why i asked for rough numbers.
if thats too difficult for you all to understand then don't bother replying. there's no point -
No need to get an attitude. Google is your friend. So is initiative.
Using the search button here will help you immensely. If you do that, you will find this subject has been covered time and again with endless amounts of reading material for you to learn from.
The friction you've been experiencing is exactly why I posted what I did. It's all here. If you are as serious as you intend to be about doing this, the research aspect shouldn't be all that difficult.
Then, if you hit a snag, or don't understand something on a subject in particular, then, ask.
Coming in here and expecting everything to be an easy solution isn't the way it works. If you're serious about doing this, you'll pull up your boots, move on and start finding the information for doing it.
One other suggestion is to find a successful local owner / operator in your area, compensate them appropriately them for their time, and schedule an opportunity to sit down and have a talk with them one on one.
Good luck.spyder7723 Thanks this. -
Can you really just dismiss it out of hand though? Maybe they are just recalling an occasional really good load from back then paying $2-$4 per mile from back then. I know it was regulated and not exactly a free market but surely there were times when someone was up against the gun to get a shipment out. So maybe those drivers are just remembering one or a few really good ones. And it doesn't change that the average was around a $1 a mile for most general freight same as 30 years from now you would say $2 a mile was about typical even if you might have covered some $7, $10 or more per mile on a longer length of haul on occasion.
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Schneider has been good to me. Been with them 6 months. If your a military vet then you can make an extra $14,000your 1st year. Hit me up if you have any questions.
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Ther probably won't be one for the first year.
Trucking can not be lumped into one category and one answer, there are hundreds of types of trucking operations, you need to zero in on one or two then ask questions.
Your new with no experience so insurance will be high and will control who you hire for a driver.
One bad driver can screw up your CSA scores and have you out of business before the first checks come in.
Quit worrying about profit margins and learn what it takes to set up a legal trucking company and keep it legal, then ask yourself why would a good driver want to work for you when a good one can go anywhere he wants to. Can you offer pay and benefits to compete with the big boys.
By the way with one truck you have to comply fully with the same rules as the big boys.scottlav46 Thanks this.
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