My numbers

If you’re figuring in those expenses when you come out to $1.80/mile CAD then that is not so bad.

There really isn’t enough profit with a one truck operation to pay 2 people well IMO. Lots of 1 truck O/O’s are barely making it operating their own truck with current rates.

Most will tell you that 5 or 7 trucks minimum is what it takes to make money as a carrier unless you are operating one of the trucks yourself.

 

Double this. It's also super hard to get a good driver who will take care of your equipment. Also, when your truck goes down, you still have to pay the driver, otherwise he will leave

 

The only thing I can't quite grasp yet is the necessity to include the driver pay if you're the driver yourself. I understand the need to put money aside for emergencies and investment to a certain level (e.g. Truck replacement, or another truck downpayment) but other than that I consider all the money to be mine whether they sit on a business account or not. And I draw money only as needed e.i. I pay myself monthly salary as an S Corp setup, but even if I am short for repairs I'll draw from my personal account.

 

Trailer rental seems high
I rent my for 500 month = 6000 a year, I wil have made 130 000 odometer miles so in my case trailer rental is 4 cents a mile and in your estimate it is 16 c more
Also fuel per mile... even in Canadian $ it should be in the area of 35-40. Mine is 36c a mile and bearly go over 6 m/g

 

Tolls ? Communication equipment ?

Remember also, you will not be paid for all miles put on your truck, but they cost you just the same. Examples are , bobtail to shop or home, dead-head to pick up load, etc. You can easily rack up 10 to 15 percent un-paid miles, or more.

 

Also tires, if 3000 every 3 years (optimistic) then let's see 120000 miles a year × 3 = 360 000; so 3000/ 360000 it is ...0.0083333333 not 10 c a mile.

 

Big companies that offer benefits can't find good drivers so why do you think you will?? Be ready for lots of headaches with drivers. This is driver philosophy. Start truck, drive and get paid. Older truck means problems so be prepared for constant headaches. And the inexperienced drivers that you'll find to work for you aren't gonna be helpful in getting it fixed. Best of luck to you but in my experience to get good drivers I have to pay way above average and make sure there home every night for the most part