Starting a small fleet

So you have your own authority. I looked at doing that but again I am new and insurance seems crazy, and I assume you might have a factoring company can you expand more on how your experience has been and numbers wise and do you just own 1 truck and drive yourself. you can email me please. Thank you

 

Hello thank you for your replies, do you own your truck? and yes its the max force 13 on the International, my friend and mechanic at International said they don't have the best reputation, but again he looked it over top to bottom and did his diagnostic checks with their software that hooks up to the truck and everything looks great on it at the moment. I have appreciated everyones input even though mostly all I have gotten is sell the trucks, I was hoping to find someone that has or does own a small fleet and gain knowledge of what worked and didn't work for them and how they set their drivers up.

 

Wow thanks I just clicked the link looks like a lot of info this was what I was hoping to find or get responses that are telling me real info on getting started instead of getting bashed with I wasn't bright buying these trucks and I need to sell, Thank you again I will get back to you.

 

That was great info and I read through your post and people's replies. I don't think I want to get my own authority just yet, and again I talked to Darrel Wilson who owns Wil-Trans and he advised me just starting to look into putting my trucks under someones authority, I am sure I could learn a ton from him but I don't want to keep bothering him, I'm sure he is busy enough as it is

This is what I was calculating my numbers off of. This is with RAFA Trans which I would get 88% of gross load, which they say the truck should be grossing about 1k a day so I broke it down to even worse than that I looked at if a driver does say 2800 miles a week at basically $2 a mile that comes to $5600 minus the following all weekly caculations

$672 for 12 percent of what Rafa will take
$1600 in fuel, which is average of 7 miles per gallon at $4 per gallon,(again looking at worst case) which after looking at the Internationals history with my friends software it has been averaging 7.5mpg (both trucks are automatic)
$300 for their trailer rental fee
$5-7 non trucking insurance
$15 collision insurance based off of 3% of the trucks value at say 25k(the International after looking at comparable trucks and what they are selling for)
$50 for base plates/ifta/permits
$5 for elogs
$15 for Accountant
$400 for a maintenance account(I know this # will vary but I will put money aside just incase) as well as for the trucks value
$1512 for the drivers pay if I set them up to make 27% off the 88% percent

So that leaves me with just over $1000 a week before taxes. I have spoke to the owner of Rafa and he said with running my trucks with other people I could expect to make around $30-50k a year with each truck, again I know their are lots of variables like if the truck goes down for a few days or a driver needs to take a week off, fuel prices, freight lanes.....etc Do you think these numbers are accurate and is that a decent scale chart numbers wise and again I am looking at the best way to set the drivers up so that they make lots of money and I can also be profitable and keep my business running. Thank you

 

That was great info and I read through your post and people's replies. I don't think I want to get my own authority just yet, and again I talked to Darrel Wilson who owns Wil-Trans and he advised me just starting to look into putting my trucks under someones authority, I am sure I could learn a ton from him but I don't want to keep bothering him, I'm sure he is busy enough as it is

This is what I was calculating my numbers off of. This is with RAFA Trans which I would get 88% of gross load, which they say the truck should be grossing about 1k a day so I broke it down to even worse than that I looked at if a driver does say 2800 miles a week at basically $2 a mile that comes to $5600 minus the following all weekly caculations

$672 for 12 percent of what Rafa will take
$1600 in fuel, which is average of 7 miles per gallon at $4 per gallon,(again looking at worst case) which after looking at the Internationals history with my friends software it has been averaging 7.5mpg (both trucks are automatic)
$300 for their trailer rental fee
$5-7 non trucking insurance
$15 collision insurance based off of 3% of the trucks value at say 25k(the International after looking at comparable trucks and what they are selling for)
$50 for base plates/ifta/permits
$5 for elogs
$15 for Accountant
$400 for a maintenance account(I know this # will vary but I will put money aside just incase) as well as for the trucks value
$1512 for the drivers pay if I set them up to make 27% off the 88% percent

So that leaves me with just over $1000 a week before taxes. I have spoke to the owner of Rafa and he said with running my trucks with other people I could expect to make around $30-50k a year with each truck, again I know their are lots of variables like if the truck goes down for a few days or a driver needs to take a week off, fuel prices, freight lanes.....etc Do you think these numbers are accurate and is that a decent scale chart numbers wise and again I am looking at the best way to set the drivers up so that they make lots of money and I can also be profitable and keep my business running. Thank you

 

That was great info and I read through your post and people's replies. I don't think I want to get my own authority just yet, and again I talked to Darrel Wilson who owns Wil-Trans and he advised me just starting to look into putting my trucks under someones authority, I am sure I could learn a ton from him but I don't want to keep bothering him, I'm sure he is busy enough as it is

This is what I was calculating my numbers off of. This is with RAFA Trans which I would get 88% of gross load, which they say the truck should be grossing about 1k a day so I broke it down to even worse than that I looked at if a driver does say 2800 miles a week at basically $2 a mile that comes to $5600 minus the following all weekly caculations

$672 for 12 percent of what Rafa will take
$1600 in fuel, which is average of 7 miles per gallon at $4 per gallon,(again looking at worst case) which after looking at the Internationals history with my friends software it has been averaging 7.5mpg (both trucks are automatic)
$300 for their trailer rental fee
$5-7 non trucking insurance
$15 collision insurance based off of 3% of the trucks value at say 25k(the International after looking at comparable trucks and what they are selling for)
$50 for base plates/ifta/permits
$5 for elogs
$15 for Accountant
$400 for a maintenance account(I know this # will vary but I will put money aside just incase) as well as for the trucks value
$1512 for the drivers pay if I set them up to make 27% off the 88% percent

So that leaves me with just over $1000 a week before taxes. I have spoke to the owner of Rafa and he said with running my trucks with other people I could expect to make around $30-50k a year with each truck, again I know their are lots of variables like if the truck goes down for a few days or a driver needs to take a week off, fuel prices, freight lanes.....etc Do you think these numbers are accurate and is that a decent scale chart numbers wise and again I am looking at the best way to set the drivers up so that they make lots of money and I can also be profitable and keep my business running. Thank you