New owner operator

By figuring out your cpm. You have to find your break even point before you can set your price.

 

I figured my CPM at 1.42 . Im leased to a carrier booking under their authority at 70%
Truck 25800
Ins 3900.00
Irs 6000.00
2290 550.00
Fuel 53000 (approx based on 2017 purchased APU in 2018)
Ph 2640.00
Tags 0.0(1850.00 reimbursed)
Maint. 7800.00 (savings only Not spent)
DAT 1188.00

Month of December as of 26th

Total Revenue $19250.00

Total Miles 5452
Total MT 1326
All Miles 6778

Total Loads Pulled 12

Avg loaded 389
Avg MT 95

Pay per all mile $ 2.84
Pay per mile loaded $3.53

Total Revenue 19250.00
Fuel $2353.25 CPM .347

All these numbers are at 100% . All loaded and MT miles based on odometer reading . Im leased on at 70% . Tuff sledding. I figure after cut based on all miles im at .57mi. My goal is 1.00 dont know how im gonna get their. My DH miles are High. I read alot of drivers DH 200 300mi . I dont see how they do it. Its not easy sitting on top of freight with a good rate per mile with little DH. Im open to suggestions . Thought about own authority but that increases cost bigtime
My Fuel for month of Dec. Is running at .347 so far APU is cutting my fuel bill down alot but so is my fuel discount adds up midwest im avg 2.20gal. Pump price is 3.05 so that huge savings . My AVG expenses per mile .41 (PM Scales Fuel).

 

Correct. do not go to a big corporation where you will become a truck number or part of their statistics. you want to start with small to medium size company, usually 50+ trucks.. there as the company grows you will gain a seniority and will be respected more, trust me when I say that those guys will fight for every dollar. I learned on my own mistakes. But do not go with less than 50 unit company, its really hard to get through a 30-40 trucks, you will feel their struggle. Been there as well.

 

That is a really small profit margin. It hurts me when I see that companies take advantage of drivers liek that. 70% is way too high. That's what I have been telling everyone here. Companies like that will cover the cargo insurance cost but will take almost entire profit from drivers. You can not live on 57 cpm as a contractor. First major breakdown and you are bankrupt. Let me know if you need help finding a more profitable solution. I would love to help if I can